7 Practical Methods to Reduce Accounting Costs
The only way you can succeed in reducing accounting costs in business
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Our team manages your NetSuite from the start until the final report delivery. We have an expert team that can plan, implement, and deliver all three stages of NetSuite data migration, NetSuite setup and configurations, and NetSuite accounting and bookkeeping.
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NetSuite ERP is the world’s most widely used cloud-based enterprise management software. Our certified NetSuite professionals are adept at NetSuite financial planning, migration, implementation and optimization. Make data driven decisions and get a clear perspective on how to steer things ahead. Manage production, inventory, and logistics in real-time. This means more cash, increased profit margins, and more opportunities for your business.
Schedule a free consultation now with Gary Jain, Co-founder at Ledger Labs. He’s a certified accountant with 12+ years of multidimensional experience in helping small to midsized businesses grow and manage their revenues.
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Over the years we have built unmatched expertise and solid reputation among our clients.
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With over 12 years of experience, we have crafted thousands of powerful processes and procedures that have enabled us to peel back the layers of your accounting and bookkeeping and to help you:
We are always excited to share our experience and knowledge with new NetSuite users!
Very few accountants actually know NetSuite from a technical stand point. We take pride in being a full-service team.
We believe in documenting every process with minutest details so as to avoid errors and ensure easy handovers.
Our team is always available regardless of your time zone and ensures consistent and real time services.
Proactiveness is our strength and ensuring smooth operations of your business is our goal.
Our team structure and processes ensure 3-stage meticulous checks and verifications for enhanced accuracy.
We specialize in several NetSuite integrations and resolving issues related to those. Connecting with NetSuite Customer Support is a tedious process, one that you may not always have time for. On the top of it, you may not end up with desired results. We guarantee one hundred percent satisfaction at much lower costs than what NetSuite premium customer support will charge you.
We will help you:
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NetSuite is basically a SaaS ERP-based helper for small, medium, and large-scale businesses. The solution runs on Oracle-based platforms and mainly deals with CRM, finance, and eCommerce segments of the business. The suite is strikingly reliable in managing multicurrency operations. Even if you are dealing with multiple subsidiaries, NetSuite can unify them into a single platform. The solution is built using various modules and nodes. Hence, a NetSuite user gets to select as many modules as they require and just pay for those.
The main benefits of using NetSuite are: 1. Real-time management with a single set of data. 2. No need to invest capital on the premises as it is cloud-based. 3. Less costly as compared to other ERP solutions and techniques. 4. Quite reliable as it is developed by Oracle. 5. You can customize and control every aspect of the NetSuite. 6. Multiple search results criteria to get the required data quickly. 7. The technology is suitable for all kinds of businesses, small or otherwise. 8. NetSuite User Interface is quite beginner-friendly.
NetSuite is a subject matter of financing that brings together the duo of management and financing/accounting. This includes services like Payments Management, Payments Management, Financial Reporting, Billing, Inventory/Order Management, and many others. These services are however related to the general ledger, assets management, and AR/AP control.
The process of onboarding the organization for NetSuite management and control is quite straightforward. Firstly, we will learn everything there is to know about the performance and working of your company. Secondly, we will try to ascertain where your organization is lacking and work on the same for good. During the same process, we will also ascertain the KPIs of the organization and find out ways to strengthen them. Lastly, we will communicate with you to know your precise requirements and expectations from our team, quote prices, and sign a contract.
We take immense pride in our employees. We hire well-experienced and deserving professionals only. The employees working at our organization have several years of experience in serving different companies and organizations in and outside the US. We also conduct thorough and extensive background checks as well before hiring employees for the safety of your organization and its data.
Once we analyze the KPIs or the best-performing areas and sectors of the business, we work to overcome the weaker points and allow your business to grow.
No, it’s not necessary that you only communicate with us over the phone. Our team will respond to your calls, texts, emails, conferences, messages, and any other mode of communication. Additionally, we also use a lot of meeting platforms like Google Meet and Zoom to stay in touch with you.
One of the main tasks of NetSuite is to help organizations with order management process. For the same, NetSuite automates various attributes. This includes logistics, shipping, and receipts. With the help of NetSuite, an organization can easily get automated and lined up packing and shipping processes in real time. You can also ascertain order status, delivery, and other related details. Additionally, you can also ascertain sales performance using data from NetSuite. Lastly, the same NetSuite solution will also integrate your orders with other shipping and delivery houses.
To keep all processes running smoothly for all our clients, we have a strict policy that dictates that we take only up to 4 clients every month for NetSuite requirements. Additionally, we also take some time to deeply analyze the processes and operations of your business. So, it can take up to 2 months before we start work.
We are quite serious about the security of your data. Hence, we use the client portal only to provide all kinds of services. Additionally, we also use a two-factor authentication process to access any sensitive data of our clients for added security. Similarly, we also upload your data to a cloud server to make it more secure and prevent breaches.
We are very particular about legal permissions and compliances. Hence, all our potential clients are required to sign a contract with us. This allows us to maintain and retain ease of working smoothly at all times.
We take time to ascertain your KPIs, work flows, and overall performance of your business and its operations. This study takes some time depending upon the complexity and size of the business. However, generally, the onboarding process starts somewhere between 1 month and 3 months from the date of your signing the consent to work with us.
Yes, your account will be assigned to a specific team comprising of a bookkeeper, reviewer and manager. This team will be exclusively at your disposal. Hence, there are no chances of change of personnel handling your operations. Additionally, as these professionals will be working specially for you, there will be no delays or interruptions even if one or more members of the team are unavailable.
Yes, NetSuite can easily help you with production control. One of the best features of NetSuite is that it takes over and controls the entire production process. Starting from sales orders and ending with delivery and after-sales requirements, NetSuite takes care of everything for you. Other attributes that NetSuite can handle and control include quality assurance, management of product data, management of work orders, planning and scheduling, MES, etc.
We get you. Rest assured, our team members are experts in the industry. They have several years of experience working in different companies and industries. They are easily able to pick up intricate details, processes and operations of your business. Generally, they are already familiar with the industry and all they need to learn is your business’ working.
We do not judge any business on the basis of its operations and the scale of revenue. We treat all of our clients equally. We work with all kinds of clients irrespective of the size of the organization.
NetSuite offers some amazing features for retailers. They include ecommerce management, in-store POS management, CRM and marketing, business intelligence and reporting, order management and fulfillment, accounting and financial management, SCM, and many more.
You can initiate data migration with NetSuite. However, before starting, you should ensure that the data is clean and segregated. This ensures a smooth transfer of data without affecting your daily business operations. Even if you have data in various sections, you should inform NetSuite about the same. After this, you can import the master data with NetSuite using the options that meet your preferences. You can take the help of third-party software or CSV file to do the same.
Yes, if you have an existing NetSuite system in place, we can also provide you with services to support the same.
Ledger Labs provides exceptional Netsuite accounting services. Their team is highly knowledgeable, efficient, and responsive, ensuring our financial records are accurately managed and compliant. With Ledger Labs, we've experienced streamlined processes and peace of mind. Highly recommend their services for any business looking for top-notch accounting support.
My main problem always has been to know my accurate profits & this is precisely what ledger labs helped me with. They went through my entire supply chain costs, my monthly operational expenses, and COGS and got me the correct costing of my goods and the cost of running the business. Now I know how much I need to sell & at what price I should sell it to be profitable.
Since working with Ledger labs, our bookkeeping and Controller processes have been streamlined. The routine accounting tasks are managed on a predictable schedule, and checklists are used to ensure that all required documents are processed within the proper deadlines. We have improved the accuracy and timeliness of our financial statements and other crucial accounting functions at a lower cost than what was being paid to employees.
We have a unique business, and almost all the accounting firms we have engaged so far have been unable to get a hold of our business. But Ledger Labs really took the bull by its horn. They understood our business better than us & created a very customized process & systems to streamline our accounting department. We now have detailed step-by-step process documentation, checklists & schedule of reports.
Our years of experience and exposure to various businesses is the essence of these articles.
The only way you can succeed in reducing accounting costs in business
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