ACCOUNTING BACK OFFICE PARTNERSHIP PROPOSAL
Dr. Shobha Gupta | President| S3G, LLC
Outsourcing
Specialists
OUTSOURCING GOALS
1.
Bottom-line
• Up to 60% reduction in back-office costs.
2. Top-line
• Focus your time on generating revenue/acquiring
clients.
• Spend less time hiring, training, and managing.
Typical Costs
Bookkeeping:
General Accounting:
Litigation support
CPA services:
from $15/hr
from $35/hr
TBD
from $50/hr
S3G SERVICES OVERVIEW
• Accounting (Back-office Support)
– Bookkeeping, accounting, and tax preparation
for individual and group practices
– Litigation support
– Business evaluation
– Payroll
– Audits, SOx……
• Business Process Improvement Consulting
– Business Process Audit
– Process Optimization
– Process Automation
EXPERTISE
Bookkeeping
• Accounting data entry
• Accounts Receivable/ Payable
Management
• Bank and Credit Card Reconciliation
• Trial Balance
• Customized Financial Statements
Accounting Services
•Year End Accounting
•Fixed Asset Management
•Business audit/evaluations
•Inventory control and analysis
•Legal search, e-discovery
•IPR
Outsource the following fully
managed Accounting
Services to S3G:
Tax Preparation
• Personal & Business Tax Returns
• 1040 preparation support for
Accounting firms
• Payroll and Sales Tax Reporting
• Year-End Tax Planning
Accounting Systems
• Online and Off line system set-up
• HW /SW consulting
• Bookkeeping and Tax filing
• Training
BENEFITS
• Most competitive pricing as our staff is based in medium sized
cities in India( Indore, Kanpur ) where the
infrastructure/education levels are equal to large cities, but
the cost of living is much lower
• Client interface (S3G) is based in Florida
• Trust - built with over 25 years of ongoing relationships with
staff in India
• Highest level of professional service – our staff are retained for
long-term assignments
• Confidentiality assured
• Ongoing programs to continuously improve our service
through innovation and automation
BOOKKEEPING PROCESS FLOW
CPA/S3G: Documents
scanned and e-files
compiled
S3G: Scanned images
and PDF files reviewed
and uploaded to secure
server. Project Manager
granted access to files
India Team: Project
Manager reviews files
and assigns tasks to
India Team
India Team: File access
provided to trained
Bookkeeper(s)
India Team: Data
entered on-line or offline into the Software
system agreed with
CPA/client
India Team: Data
reviewed by Chartered
Accountant and 2-level
Quality check performed
India Team: Report
and/or e-files sent to
CPA/client. S3G manages
tracking of progress and
delivery
CPA: Bank statements,
invoices, and other
documents received by
CPA from the client
1040 PROCESS FLOW
CPA: Documents
received by CPA from
client
CPA/S3G: Documents
scanned and e-files
compiled
S3G: Scanned images
and PDF files reviewed
and uploaded to secure
server. Project Manager
granted access to files
India Team: Project
Manager reviews files
and assigns tasks to
India Team
India Team: File access
provided to trained Tax
Preparer
India Team: Tax Return
prepared using Software
of CPA/client’s choosing
India Team: Data
reviewed by Chartered
Accountant and 2-level
Quality check performed
India Team: Tax Return
softcopy sent to CPA.
S3G manages tracking of
progress and delivery
DATA SECURITY ASSURANCE
1. Data transfer via secure password-protected web
portal, or use of online Software tools as per client
business model
2. Only authorized persons have access to client data - no
paper allowed in work areas
3. Specific accounting staff allocated to specific
clients/projects. Staff are all permanent.
4. Security and authorization similar to on-site accounting
firms with multiple staff dealing with same clients i.e.
controlled log-in and confidentiality commitment
PARTNERSHIPS: CRITICAL SUCCESS FACTORS
•
Key contact in same time zone
•
Trained and experienced team
•
Skill-set in accounting and tools
•
Client information confidentiality
•
Clearly defined logistics and rules of engagement
•
Quality assurance: monitoring and improvement
•
Up-front agreement of terms and conditions to include turn around
time, accuracy, and efficiency
•
Cross training between various sites
•
Reliable IT support
OUTSOURCING BUSINESS MODELS
1. Hire fully supervised manpower on
hourly/monthly/yearly rates
2. Hire dedicated manpower on monthly rates
3. Fixed per-project costs: $$ agreed up-front
4. Open to other business-models…
PARTNERSHIP BUSINESS MODEL SCENARIOS
A.
B.
C.
Accounting Team works as marketing arm of S3G
 Find clients and negotiate projects
 Sign contract with client
 Hand over to S3G to manage the contract
 Commission paid per payment received or a fixed upfront
commission
Accounting Team works as the Client interface
 Find clients and negotiate projects
 Sign contract with client
 Accounting Team maintains the client interface. S3G manages the
Operations
 Accounting Team pays S3G for contract work
Accounting Team works as Project Managers
 Find clients and negotiate projects
 Sign contract with client
 S3G assigns resources in India
 Accounting Team manages the Operations
 Commission paid to S3G
Let’s Partner…….
1. Agree Partnership business model
2. Define responsibilities
3. Agree rules of engagement
4. Initiate a Pilot run with known client
5. Pilot process review, standardize the process
6. Launch the process for more clients…
CONTACT INFO
Dr. Shobha Gupta
President
Office: (954) 533-1297
E-mail : [email protected]
Ashish Gupta
Sales Manager
Office: (954) 328-7649
E-mail: [email protected]
http://www.s3gaccounting.com
Download

accounting back office partnership proposal