How can you bring down your Company’s Accounting Cost to just 7500/- ?
This case study emphasizes a problem faced by Mr. Rohan Agarwal who started his business 5 years ago in trading but later started facing issues in financial accounting despite having a small team for the same. So, he started looking into financial accounting and other accounting concerns personally but because of this he was unable to give his attention to his actual business in terms of operations and looking for new and better prospects for his business. Initially while setting up a financial accounting department he took one by one task at hand.
- He built a chart of accounts
- Decided on accounting policies and methods.
- Developed accounting manual and accounting procedures.
- Selected accounting software.
- Determined the no of employees needed.
- Trained the staff
- Planned for tax
To set up all task, obviously time energy, and money was invested.
So he segmented the cost required as follows:
| Material | Cost |
| Accountant’s Salary | Rs. 20,000/- per month |
| Accounts Manager Salary | Rs. 35,000/- per month |
| Office Seat Cost | Rs. 10,000/- per month |
| Owners time cost | Rs.15,000/- per month |
| TOTAL | Rs. 80,000/- per month |
Despite Spending Rs. 80,000/- per month Mr. Rohan suffered from Mismanagement of financial Records, Clerical errors, delayed payments, inaccurate financial records, and delayed tax filings like GST, TDR, etc, and penalties which ultimately cost him losing his good clients, good tie-ups and financial loss. At the same time staff started leaving the job and the accountant quit the job.
This was only the example of Mr. Rohan Agarwal who suffered a financial loss despite spending time, money, and energy. There are so many companies out there who face the same challenges.
To overcome all these problems Laabdhi – Outsource India Pvt Ltd. has come up with the most efficient and effective online service known as Laabdhi Shared Accounting Services (Laabdhi SAS).
It is a complete online secured service managed by India’s best-known professionals. It will not only save your money and time but energy as well and also one can work in peace with Laabdhi SAS
Let’s see the price comparison between the cost required by the traditional method and Laabdhi Method.
| Parameters | Traditional Method | Laabdhi SAS |
|---|---|---|
| Accountant’s Salary | Rs. 20,000/- per month | We do it in Rs. 7,500/- per month |
| Accounts Manager Salary | Rs. 35,000/- per month | |
| Office Seat Cost | Rs. 10,000/- per month | You save entire seat cost |
| Owners time cost | Rs.15,000/- per month | Owner saves his quality time |
| Total per month | 80,000/- | 7,500/- |
The cost saved per month is up to 1/10th of what one spends on the financial accounting department.
So Laabdhi SAS offers its services at a cost of up to 1/10th of what you spend. Pay Only for what you use.
Switch to Laabdhi SAS and experience world-class service provided by India’s well-known Professionals.
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