Top 10 Reasons to Outsource your Accounting and Bookkeeping in 2019-Paysquare

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Accounting and Bookkeeping are an integral function and part of any business. The most important reason for this is for determining the financial health of your business at any point in time, without which your business cannot survive. Secondly, there are many complex statutory requirements when it comes to operating a business which needs to … Read more

Top 8 Qualities of Successful Temp Staffing Firms in 2019-Paysquare

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Temporary staffing is basically the employing of candidates via a third party. A temp staffing agency overlooks the payroll and other related functionalities for the organisation for which they are working. Recently, temp staffing agencies have become all the more sought-after because of the ease they provide in terms of compliance management. Therefore, if your’s … Read more

Is Payroll a Finance or HR Function?-Paysquare

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Understanding Payroll Function The Payroll department in an organization concerns itself, primarily with the payment of wages to the employees. However, once you create a payroll department, you are tasking it with more duties than just that. You are tasking it with balancing and reconciling the payroll data while verifying the reliability of the master … Read more

5 Questions to Ask When Working With an Accounting & Bookkeeping firm in 2019-Paysquare

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Every business, irrespective of its size, requires a professional team to handle its accounting and bookkeeping functions. And when it comes to hiring an accounting and bookkeeping firm, asking the right questions is not only necessary but also highly important. If your business is still just growing, and if it’s your first time hiring a … Read more

Payroll Outsourcing Services For Small Business in India

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In this article, we tell you what payroll outsourcing is along with its benefits and what it requires to open a  payroll outsourcing services for small businesses. Carrying on business successfully means juggling a variety of business activities such as core functions, administrative jobs, etc. But what if we told you that you could outsource your … Read more

Statutory Compliance Outsourcing for small businesses in India-Paysquare

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While outsourcing of payroll can be a convenient and cost saving process for you, it is important that you select a professional services company that is well versed with the statutory compliance and the regulatory framework to be adhered to while processing the payroll function as per prevalent laws in India. This is so that … Read more

Bookkeeping vs. Accounting: Differences and When to Use What

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Bookkeeping and Accounting, both being closely connected are often used interchangeably. While this is fine for a layperson, someone who uses the services of accounting professionals should be aware of the difference. It must be remembered that both are entirely separate functions. While bookkeeping merely concerns itself with recording monetary transactions in a systematic way, … Read more

10 Steps to follow before Onboarding New Temporary Employees-Paysquare

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You’ve got a major project but don’t have the manpower. Getting the right staff at very short notice is extremely difficult, if not outright impossible. Your solution, temporary employees. Just getting a new temporary employee is not enough, you must make sure that the on boarding process is done in a professional way. The on … Read more

How will the future look for payroll Outsourcing in India-Paysquare

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As businesses gear up for the rapidly changing dynamics of the ecosystem, it becomes imperative that they focus on the core functions and outsource the non-core functions such as payroll to experts. Payroll outsourcing not only gives you more time to work on creating better business strategies but also ensures that regulatory compliance and procedures … Read more

Accounting Checklists in 2019: Financial Tasks for Every Small Business Owner’s-Paysquare

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Accounting is important for all businesses irrespective of their size. The objectives of accounting for small businesses are: Profits: Accounting helps small businesses keep a tab on the income and expenditure which helps you determine whether you are making a profit or not. Filing Returns: The statutory returns that need to be filed can only … Read more