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Are you aware of the real costs of running in-house payroll?

Entrepreneurs and owners across…Continue

Tags: accounting, services, payroll

Started Sep 20, 2016

What are some of the advantages of outsourcing accounting - Any thoughts?
1 Reply

Accounts is a non-core function, yet there is resistance in outsourcing activities related to accounting. What has been your experience? . I am highlighting some reasons, why it may be a good option.…Continue

Tags: outsourcing, finance, accounting

Started this discussion. Last reply by Sanjay Pardeshi Sep 13, 2016.

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Latest Activity

Abhishek Shrivastav's blog post was featured

Importance of confidentiality in payroll

Confidentiality of payroll data is critical but at times it proves to be difficult to maintain it. Many companies take extra care to ensure the payroll information of their employees stays confidential and do not loose quality man-force to competitor.A leak in payroll records can result in discord…See More
Oct 25, 2016
Abhishek Shrivastav posted a blog post

Importance of confidentiality in payroll

Confidentiality of payroll data is critical but at times it proves to be difficult to maintain it. Many companies take extra care to ensure the payroll information of their employees stays confidential and do not loose quality man-force to competitor.A leak in payroll records can result in discord…See More
Oct 25, 2016
Abhishek Shrivastav posted a blog post

When is the right time to switch your payroll service provider?

Once an organisation starts working with a payroll services provider, it seems too daunting to think of changing the vendor. It is common to face questions like ‘who will go through all the implementation and training cycles again with the new vendor?’. But does that mean that you should…See More
Oct 12, 2016
Abhishek Shrivastav posted discussions
Sep 20, 2016
Abhishek Shrivastav's blog post was featured

Are you aware of the real costs of running in-house payroll?

Entrepreneurs and owners across small businesses typically start with running most functions in-house. It is common to see these businesses hire 1-2 persons within the accounts team, who double up as people who will manage the payroll function. However, as the organization grows, this starts creating multiple challenges. Through this post, based on my experience, I am highlighting the various challenges and the real costs associated with them. I also talk about the approach taken by some of the…See More
Sep 16, 2016
Abhishek Shrivastav posted a blog post

Are you aware of the real costs of running in-house payroll?

Entrepreneurs and owners across small businesses typically start with running most functions in-house. It is common to see these businesses hire 1-2 persons within the accounts team, who double up as people who will manage the payroll function. However, as the organization grows, this starts creating multiple challenges. Through this post, based on my experience, I am highlighting the various challenges and the real costs associated with them. I also talk about the approach taken by some of the…See More
Sep 16, 2016
Sanjay Pardeshi replied to Abhishek Shrivastav's discussion What are some of the advantages of outsourcing accounting - Any thoughts?
"With outsourcing accounting you will be able to save your valuable time.You can utilize this time in monitoring the company's activities."
Sep 13, 2016
Abhishek Shrivastav posted a discussion

What are some of the advantages of outsourcing accounting - Any thoughts?

Accounts is a non-core function, yet there is resistance in outsourcing activities related to accounting. What has been your experience? . I am highlighting some reasons, why it may be a good option. Your thoughts and comments are welcomehttps://www.linkedin.com/pulse/5-reasons-why-makes-sense-outsource-accounting-shrivastava-lion- See More
Sep 12, 2016
Abhishek Shrivastav's blog post was featured

The Smart way to save Income Tax leveraging NPS

NPS (National Pension Scheme) is one of the pre-defined contribution pension systems, operated by the government of India. When we talk about NPS (National Pension Scheme), the first thing that comes to mind is retirement plans or pension schemes. However, there is certainly more to it than just that. There are several benefits that you can enjoy, both as an individual or as a corporate, while you invest in NPS. …See More
Aug 25, 2016
Abhishek Shrivastav posted a blog post

The Smart way to save Income Tax leveraging NPS

NPS (National Pension Scheme) is one of the pre-defined contribution pension systems, operated by the government of India. When we talk about NPS (National Pension Scheme), the first thing that comes to mind is retirement plans or pension schemes. However, there is certainly more to it than just that. There are several benefits that you can enjoy, both as an individual or as a corporate, while you invest in NPS. …See More
Aug 25, 2016
Abhishek Shrivastav's blog post was featured

6 common payroll issues that you should avoid

Across several organizations that we begin to work with, here are some of the common payroll issues that they have run into in the past. Let’s also talk about how to take care of them  1.  Considering updated tax declarationsWe all know that deducting tax, on behalf of employees is the responsibility of the…See More
Aug 3, 2016
Abhishek Shrivastav posted a blog post

6 common payroll issues that you should avoid

Across several organizations that we begin to work with, here are some of the common payroll issues that they have run into in the past. Let’s also talk about how to take care of them  1.  Considering updated tax declarationsWe all know that deducting tax, on behalf of employees is the responsibility of the…See More
Aug 3, 2016
Abhishek Shrivastav's blog post was featured

5 Reasons why it makes sense to outsource Accounting Operations

Managing accounts and all the compliances involved can become quite a handful. If you want to focus your attention back to growing your business, it is time you outsourced your accounting operations. Besides getting rid of all the hassles, that come along with managing book-keeping and accounting, there are…See More
Jul 29, 2016
Abhishek Shrivastav posted a blog post

5 Reasons why it makes sense to outsource Accounting Operations

Managing accounts and all the compliances involved can become quite a handful. If you want to focus your attention back to growing your business, it is time you outsourced your accounting operations. Besides getting rid of all the hassles, that come along with managing book-keeping and accounting, there are…See More
Jul 29, 2016
Abhishek Shrivastav's blog post was featured

What issues keep HR busy and how you can free them up?

HR teams across organizations may be buzzing with activity, but any guess, how much of the work they are putting in is towards core employee engagement. If you dig in a bit deeper, you will realize that most part of the work could be unproductive and manual data entry oriented.A US based survey…See More
Jul 17, 2016
Abhishek Shrivastav posted a blog post

What issues keep HR busy and how you can free them up?

HR teams across organizations may be buzzing with activity, but any guess, how much of the work they are putting in is towards core employee engagement. If you dig in a bit deeper, you will realize that most part of the work could be unproductive and manual data entry oriented.A US based survey…See More
Jul 17, 2016

Profile Information

Occupation
Professional
About Me:
A seasoned professional having over 11 years plus experience in strategy planning, sales & marketing with excellent understanding of business dynamics and updated market knowledge combined with creative strategies.
Expert consultant for establishing accounts & payroll systems at small/large organizations.
About My Company
Finsmart is a Trusted Growth Partner & one stop solution for all accounting & payroll needs. At Finsmart we offer a wide range of Outsourced Accounting and Payroll services with a variety of allied value added services
Website:
http://finsmart.co.in/
Designation
Business Solution Advisor
Are you looking for co-founders to start with?
No
What would you like from POCC?
Knowledge sharing and staying updated about latest trends in industry.
Focus Areas / Interests
technology, IT/ITES, government, healthcare, finance, consumer, retail, fitness, advertising, recruiting, management, defence, education, banking, networking
Twitter handle
http://Finsmart_
Facebook Page
http://https://www.facebook.com/Electronica-Finsmart-Solutions-Pvt-...

Abhishek Shrivastav's Blog

Importance of confidentiality in payroll

Confidentiality of payroll data is critical but at times it proves to be difficult to maintain it. Many companies take extra care to ensure the payroll information of their employees stays confidential and do not loose quality man-force to competitor.

A leak in payroll…

Continue

Posted on October 19, 2016 at 7:03pm

When is the right time to switch your payroll service provider?

Once an organisation starts working with a payroll services provider, it seems too daunting to think of changing the vendor. It is common to face questions like ‘who will go through all the implementation and training cycles again with the new vendor?’. But does that…

Continue

Posted on September 27, 2016 at 12:03pm

Are you aware of the real costs of running in-house payroll?

Entrepreneurs and owners across small businesses typically start with running most functions in-house. It is common to see these businesses hire 1-2 persons within the accounts team, who double up as people who will manage the payroll function. However, as the organization grows, this starts creating multiple challenges. Through this post, based on my experience, I am highlighting the various challenges and the real costs associated with them. I also talk about the approach taken by some of…

Continue

Posted on September 12, 2016 at 4:02pm

The Smart way to save Income Tax leveraging NPS

NPS (National Pension Scheme) is one of the pre-defined contribution pension systems, operated by the government of India. When we talk about NPS (National Pension Scheme), the first thing that comes to mind is retirement plans or pension schemes. However, there is certainly more to it than just that. There are several benefits that you can enjoy, both as an individual or as a corporate, while you invest in NPS. …

Continue

Posted on August 22, 2016 at 10:32am

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At 5:18am on June 18, 2016, FRANK KWABENA said…

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