Accounting & Bookkeeping, Payroll, Tax Returns, Equity Research
Registered Office eMind Back Office Pvt. Ltd.
492K, 2nd Floor, KR Road, 7th Cross, 7th Block West,Jayanagar, Bangalore, KARNATAKA 560082, INDIA. T +91 80 6558 1001 M +91 98806 33099 F +91 80 4162 4439 E emindbackoffice@airtelmail.in
KPO Centre eMind Back Office Pvt. Ltd.
FT4, STAR TOWER, 4th Floor, Khanapur Road, Tilakwadi, Belgaum, KARNATAKA, 590006, INDIA. T +91 831 4215664 M +91 98806 33099 F +91 831 4215665 E emindbackoffice@airtelmail.in
USA Office
eMind Back Office Pvt Ltd Box No. 153, 51, North 3rd Street Philadelphia,PA 19106,USA T 1 215 667 8924 F 1 215 667 8924 E emindbackoffice@airtelmail.in
Knowledge Process Outsourcing Services
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Bookkeeping Services QuickBooks Premier 2007
Setting up: Company, Chart of Accounts, Customers, Vendors, Employees. Transactions: Sales, Purchase, Employee, Credit Card, Bank, Cash. Reports: Bank & Credit Card Reconciliation, AP & AR, Financial Statements & Reports, 1099, Sales Tax Reports.
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Payroll Processing QuickBooks Premier 2007
Setting up Employees. Entering Time. Pay Employees & Pay Payroll Liabilities, Annual Payroll Reports: 940, 943, 944, Quarterly Payroll Reports: 941, W2 & W3. State SUI Wage Listing.
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Tax Returns Preparation Turbo Tax Premier 2006 Individuals – Form 1040, Form 1040A, Form 1040 EZ, Form 1040 NR. Partnership – Form 1065 Corporations – Form 1120, Form 1120S Fiduciaries – Form 1041 Non-Profits – Form 990 Estate & Gift Tax – Form 706
SPECIAL PROJECTS Equity Research Business Plans Budgeting Analytical Reports Corporate Finance Asset Management
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Technology - How it works
Scan input /source documents
Login & Upload the scanned documents to “Pending” Folder in IBackup Server
We process the input/source documents and upload it to “Completed” Folder in IBackup Server
You Login & retrieve the processed document/backup file from IBackup Server
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India - KPO Destination
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“Overnight to India”
Quicker turnaround. Because India is about 12 hours ahead of the United States, the Indian staff works while America sleeps; a U.S. firm in effect can operate 24 hours a day. Domestic firms cannot compete with the turnaround efficiency made possible by a 24-hour workday. Skilled labor pool. A well educated professional class in India constitutes intellectual capital and, thus, the main asset to the accounting firms that have set up operations there. Indians speak English and can live comfortably on salaries that are much less than what people of the same background command in the United States. Indian Office Advantage. Another advantage to maintaining an office in India is that there is a large pool of highly educated, motivated people who are looking for work. "The availability of labor means you can expand quickly, too." Cost. The start-up costs for an overseas operation can be hefty. A firm has to have a telecommunications infrastructure and compatible information technology systems, and it must train foreign employees to perform U.S. transactions. All of this requires a long-term investment of time and money. Training. Accountants in India are given expert training in US GAAP, US Business Laws, US Federal Laws. India Chartered Accountants are now experts in understanding these subjects. You will have it in the morning. It sounds like magic' Send your back-office chores away at night and find the finished work waiting with your remote server in the morning. Believe it or not, many CPA firms are doing it sending tasks to accounting in India, where the workday begins just as Americans head home. There, Indian professionals process the files and transmit the results electronically before dawn breaks in North America. How has this come about? Many CPA firms have sought strategic alliances in foreign markets. Regardless of how these CPAs made contact, they share a secret that may revolutionize back-office operations for firms and corporations throughout the United States: They have learned to leverage the intellectual skills and technical training of workers in India. Technology. It may not be quite that easy for CPA firms to get their work done overnight, but the technology at the fingertips of most CPAs seems almost as magical. "They can scan documents and then transmit them through the Internet or via a File Transfer Protocol (FTP) site. They can also e-mail them." Indian staff does a major part of the work on a given task and sends it back to the US CPA Firm. "They review the work, wrap it up and ship it to the client," "The India `loop' speeds up the engagement because they have more people working on it. "Any CPA firm can emulate this strategy and outsource back-office tasks to India to profit from lower staff costs, quicker turn around and the extra time to focus on developing higher profit engagements. Benefits of Outsourcing. Lower overhead. Farming out work would help them to handle stateside clients more efficiently and increase their customer base without adding employees. "These cost efficiencies also might provide a competitive advantage against consolidators". Lower payroll costs means lower overhead. The cost savings in terms of labor, recruiting and training are truly astronomical." Perhaps the real magic of these arrangements is that everybody wins. Indian professionals gain job security, a career path and knowledge of U.S. business practices. U.S. CPA firms gain productivity while lowering overhead. And U.S. clients get what all customers want: speed and efficiency at a competitive price. By creating a synergy with people around the world, your firm can turn "You want it when?" into "You'll have it tomorrow!"
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Infrastructure
Total Office Space of 1,750 sft 7 Samsung Split Air Conditioners Wooden finish Vinyl Flooring 2 Accord EPABX System with Panasonic Phones 22 State of the art work stations 256 kbps broadband internet State of the art ergonomic seating systems 22 IBM/Lenovo Thinkcentre Desktop Computers PIV/512MB RAM/80GB HDD/Samsung/Viewsonic 14” TFT Monitors Windows XP Professional Edition Operating System MS Office 2003 2 HP All in one Printers Wireless Network with Linksys Wireless Router & DLink Wireless Network Card 2 APC Smart UPS Power backup IBackup Remote Server IBackup Document Management System
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Manpower
Fourteen BPO Process Executives trained extensively in Quickbooks Premier 2007, Turbo Tax Premier 2006, US GAAP, Payroll Processing, Tax Returns Preparation. They have excellent Spoken and Written English Skills. They comprise of Commerce Graduates, Commerce Post Graduates, MBA Graduates.
Six Directors taking care of Administration and Finance Functions. Mr.Manohar Modgekar, a Retd. Sr. Engineer in Radio Astronomy Group of Raman Research Institute in Bangalore for more than 40 years is presently in full charge of the Administration of the Company.
Mr.Amit Bhatkande, a Bachelor of Commerce is in charge of Operations and Administration in Belgaum.
Mr. Vinayak Bhatkande is a diversified businessman having many business interests in Belgaum having many decades of business experience.
Mrs.R. Rajeshwari and Mrs. Pratibha Bhatkande are the other directors in the company.
3 Administrative Executives
The entire Team is headed by CA N.Venkatasubramanya FCA, a Chartered Accountant from the Institute of Chartered Accountants of India, having more than 17 years of post qualification practice experience and more than 7 years of BPO & KPO experience. He is the main brain behind the company operations. He has thorough knowledge of Quickbooks with an expertise in training in Quickbooks, US GAAP, US Business Laws, US Taxation Laws.
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Pricing
Non Corporate Plans Monthly Fees No. of Hours/Month Corporate Plans
Basic US$ 90 9 Bookkeeping
Pro US$180 18 Bookkeeping & Payroll
Premier US$270 27 Bookkeeping, Payroll & Tax Returns Preparation US$ 1,000
Monthly Fees
US$ 500
US$ 750
Pricing shown above is indicative. Pricing can be altered to suit specific requirements of the client.
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