Friday, July 30, 2010

Bookkeeping systems

Any process that involves the recording of financial transactions is a bookkeeping process.Transactions include purchase, sales, receipts, and payments.

Bookkeeping services offer financial transactions including sales, purchases, income, and payments by an individual or organization.

An accountant creates reports from the recorded financial transactions prepared by the bookkeeper.A bookkeeper is known as an accounting clerk or accounting technician,who records the day-to-day financial transactions of an organization.Daybooks are written by the bookkeeper.The daybooks consist of sales, purchases, income, and payments by an individual or organization.

SBL’s financial and accounting solutions have been proved to boost the business operations rather than merely executing the record keeping function. The web of well seasoned accountants, bookkeepers and tax processors handle the daily accounting activities with industrial expertise by attentively sorting the records for the better productivity of the clients’ business.

for more about Financial Bookkeeping

Wednesday, July 28, 2010

Management Accounting

Management accounting is concerned with the provisions and use of accounting information to managers within an organization to provide them informations about decisions that will allow them to be better equipped in their management and control functions.

Financial accountancy information is designed and intended for the use of managers within the organization,whereas financial accounting information is designed for the use of shareholders and creditors.

Management Accounting is the process of identification, measurement,analysis, preparation and communication of information used by management to plan, evaluate and control the appropriate use of and accountability for its resources.

Management accounting knowledge and experience can be obtained from varied fields and functions within an organization.

Wide range of financial services

The financial services industry constitutes the largest group of companies in the world in terms of earnings and equity market cap.The finance industry represents a broad range of organizations that deal with the management of money.


SBL’s financial accounting solutions have been proved to boost the business operations rather than merely executing the record keeping function. The web of well seasoned accountants, bookkeepers and tax processors handle the daily accounting activities with industrial expertise by attentively sorting the records for the better productivity of the clients’ business.


Some companies offer online accounting services that include comprehensive bookkeeping services, financial accounting services, e-accounting services for any types of bookkeeping company and organizations of all types and individuals.

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Monday, July 26, 2010

Financial And Accounting services

SBL’s financial and accounting solutions have been proved to boost the business operations rather than merely executing the record keeping function. The web of well seasoned accountants, bookkeepers and tax processors handle the daily accounting activities with industrial expertise by attentively sorting the records for the better productivity of the clients’ business.

Intricate or mundane, SBL’s value added reports and analysis mould the client to develop cost-effective strategic decision. This in turn has reflected the proficient delivery of transactional, critical and vital finance and accounting services of SBL across diverse industrial hierarchy.
For more details visit http://bposervices.livejournal.com/

Thursday, July 22, 2010

Financial services offered by SBL

The end-to-end finance and accounting services aim at helping the clientele in:
• Securing financial control
• Minimizing operational risks
• Disseminating information critical for business decisions
• Perking the productivity and service levels
• Deploying effective strategic business goals
• Maintaining corporate governance policies

Keeping track of all financial transactions in the company, the payroll to employee and vendors, unpaid customer invoices, tax preparation and processing, budgeting, etc is vital for running the business through the nerves of the company, making it survive the major challenges and competitions. SBL provides uniqueness in identifying and removing inconsistencies and fraudulent cases from the accounting system to ensure the security and confidentiality of all documents and records.

Growth of SBL in the field of finance

Cochin, India – July 7, 2010: The BPO wing of SBL has recently instigated the functioning of accounts and financial services (http://www.saibposervices.com/e-accounting-finance-and-book-keeping.aspx) to serve the clients in all their accounting projects.


The company aims at undertaking the accounts outsourcing works of the client, in order to help them shift their focus on core business activities and assist them in the growth of their business.

With the target to impart professional expertise, accounting software of client’s preference, and high processing speed, the team of well experienced accountants at SBL devises and follows an efficient methodology of collecting, analyzing, recording, auditing and reporting all financial transactions in the company.

The solutions are cemented on the basic applicable accounting methodologies of the client’s company, the government policies and/or guidelines in order to avert any future legal complications or liabilities from hindering the functioning of the business.

Saturday, July 17, 2010

Insurance outsourcing

Outsourcing is a vital component to the growing division of labor, engulfing all societies. Some countries are inherent with the ability to outsource their business services to suppliers outside the nation, a process known as off shoring or offshore outsourcing. Outsourcing needs intelligent and ingenious minds to figure out the optimum and optimized solution.
Nowadays outsourcing is one of the hottest trends in IT services. In this context, India and China are considered to be the two most popular countries which are known for low cost outsourcing. Both countries produce over 200,000 engineers and science graduates each year.

Some of the reasons of outsourcing Research & Development works to India and China are:

1. Cost-saving: They offer relatively lower over-all cost of services like reducing scope, defining quality levels, repricing, re-negotiation, cost re-structuring.
2. Improved quality: They help achieve a step change in quality through contracting out the service with a new service level agreement.
3. Access to talent: They have access to a larger talent pool and substitute source of skills, particularly in science and engineering.
4. Capacity management: They have an enhanced method of capacity management of services and technology where the risk in providing the excess capacity is borne by the supplier.
Factors like globalization, deregulation, increased competition, inability to differentiate products, pressure to reduce costs by improving operational efficiency and even terrorist attacks have coerced the insurance companies to undergo drastic changes in its policy systems. This transmutation has in turn contributed to the growth of the insurance industry in the last few decades.
IT field defines outsourcing as either commissioning the development of an application to another organization (usually a company that specializes in the development of this type of application) or hiring the services of another company to manage all or parts of the services that otherwise would be rendered by an IT unit of the organization (this might not include development of new applications).

Insurance Outsourcing Services provided by most of the companies include a range of services:
• Account settlement
• Acquisition and conversion
• Business management and ongoing administration
• Business transition
• Claim document imaging
• Claim eligibility and estimation
• Claim setup
• Claim support and auditing
• Claims-only administration
• Disbursement
• Due attentiveness and planning
• Fast tract adjudication
• Financial reporting
• Full claim settlement
• Life, health and annuity administration and customer services
• Modernization of legacy applications
• New business and underwriting
• Reinsurance administration
• System consolidation and conversion
By offshoring insurance claims administration, companies can focus on their core business, improve competitiveness and overall performance. Insurance claim processing needs cover everything from damage assessments to documentation, claims submissions, and claims settlement.
In an insurance claim entry, a person can file a claim and get benefits in the event when any damage has occurred to any of his valuables. Depending upon various circumstances and the agreement signed, the insurance company may or may not approve the claim.
Through efficient insurance claims processing, companies recognize additional savings through lower cost of sales. This ultimately promotes pricing flexibility and creates new business opportunities. Apart from saving operational costs, companies can also improve customer service, which leads to prolonged maintenance of customer relationship and higher profits.
By outsourcing insurance services, a client is freed from the time-consuming and debilitate task of settling insurance claims. In this manner, the client benefits by being able to concentrate more on achieving their primary business goals and objectives. If not done properly, claim settlements can get stalled in legal action. In some instances, certain communication channels are opened with appropriate parties to ensure that the claims are settled in the least possible time.
Majority of the insurance claims support services constitute expert team of cost consultants, insurance claims specialists and third-party insurance review arbitrators. They accelerate all claims settlement processes and ensure that all the potential barriers are removed. Some companies offer a strong financial value proposal for insurance solutions, along with proven delivery and flexible approach.

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Tuesday, July 6, 2010

Account Receivable & Payable

Financial Accounting is the process of summarizing financial data taken from an organization's accounting records and publishing it in the form of annual reports for the benefit of people outside the organization.

It is concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders. It is used to prepare accounting information for people outside the organization or not involved in the day to day running of the company. Management accounting provides accounting information to help managers make decisions for managing the business.

Account Receivable & Payable

Account receivable transaction deals with the billing of customers for goods and services that he/she has ordered. This is done by generating an invoice and mailing or electronically delivering it to the customer, who in turn must pay it within an established timeframe called "creditor payment terms." Account payable contains money that a person or company owes to suppliers, but has not paid yet. Once the payment is settled, the invoice is removed from the file.


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Bookkeeping Services

Bookkeeping services offer financial transactions including sales, purchases, income, and payments by an individual or organization. An accountant creates reports from the recorded financial transactions prepared by the bookkeeper.

Online bookkeeping (or remote bookkeeping) services enable source documents and data to reside in web based applications which allow remote access for bookkeepers and accountants. All entries made into the online software are recorded and stored in a remote location. The online software can be accessed from any location in the world and authorizes the bookkeeper or data entry person to work from any location with appropriate communications links.

Some companies offer online accounting services that include comprehensive bookkeeping services, financial accounting services, e-accounting services for any types of bookkeeping company and organizations of all types and individuals.

These companies offer multiple advantages of outsourcing bookkeeping services. Some of them are:


• It helps clients save finance and accounting operating costs by up to 50 percent
• It enables access to professional expertise, accounting software of the client’s preference and quick turn-around-time.
• It helps client to maintain an efficient accounting system by providing accurate and timely service in order to confidently run their business.


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Monday, July 5, 2010

Accounts Payable Services

Financial Accounting Services is the process of summarizing financial data taken from an organization's accounting records and publishing it in the form of annual reports for the benefit of people outside the organization.

It is concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders. It is used to prepare accounting information for people outside the organization or not involved in the day to day running of the company. Management accounting provides accounting information to help managers make decisions for managing the business.

Account Receivable & Payable

Account receivable transaction deals with the billing of customers for goods and services that he/she has ordered. This is done by generating an invoice and mailing or electronically delivering it to the customer, who in turn must pay it within an established timeframe called "creditor payment terms." Account payable contains money that a person or company owes to suppliers, but has not paid yet. Once the payment is settled, the invoice is removed from the file.