India

Offshore Accounting Services, Offshore Bookkeeping Services, Offshore Vat Services

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QX is a leading Client-Centric Business Process Outsourcing Company and ICAEW registered firm, which offers high-end BPO and KPO services. The Company specialises in Finance & Accounting processes and provides offshoring Services to UK based Companies. QX enables clients to reduce turn-around time by 40%, ensures near 100% accuracy, and guarantees savings of at least 50% of current UK operational accounting costs.

QX is based in Skipton, UK with a state-of-the-art centre in Ahmedabad, India. The company has a strength of 200 skilled employees in India, which is on the rise. QX provides a wide range of accounting services to Accounting Practice firms, serving Private Limited Companies & PLCs across the UK, together with AIM listed companies. QXs Accounting team has over 500 years of collective accounting experience.

What does QX Possess –
QX is one of the innovators in the outsourced accounting field and has been operating since 2003. The QX Accounting team consists of Chartered Accountants, ACCAs, ICWAs, MBAs (Finance), Inter CAs, Masters In Commerce and Graduates all of whom are well trained and educated in UK GAAP. QX has a partnership arrangement with a leading UK accounting training company, which provides training to all its employees in UK accounting software such as Sage, IRIS, QuickBooks, Digita, VT and PerTax.

Advantage with Outsourced Accounting services for Accountancy Firms ( www.qxltd.com ) – Cost benefit, Dedicated team in India (you retain control), ICAEW member company, Accounting competence, Bespoke implementation plan, Confidentiality assured, State-of-art technology.

Our Key Offshore Accounting Service includes :
Outsource Accounts Receivable Services
Outsource Accounts Payable Services
Outsource Accounts Taxation Services
Outsource Accounts VAT Services
Outsource Accounting Bookkeeping Services
Offshore Annual Accounting Services
Management Accounts Services
Daily Ledger Entry Management
Payroll Timesheets Processing Services
International Recruitment Processing Services
KPO Outsourcing Services India
BPO Outsourcing Services India
Bank Reconciliation Statement
Tax Return Preparation
Financial Accounting Service
Sales Tax Management

We are preferred firm for outsourced booking services to UK companies, outsourced accounting services to UK company, accounting services for recruitment sector, sales ledger maintenance services, purchase ledger maintenance services, credit control and invoicing services to UK, USA, Australia, India and all over the globe.

You can send us your requirement at

Email us at [emailprotected]
Website : www.qxltd.com

Career in Accounting

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Making a successful career in his life is the ultimate aim of a student. From the starting of his education, a student starts planning about his career goals and aims he need to achieve. Medical, engineering, doctors, scientists, biotechnologists, etc are the careers which one can opt for post completing his studies in the science field. After science, be it medical or non- medical, commerce is the field which attracts students. Many students have been seen opting for career in accounting or commerce after passing their secondary school examinations.

Career in accounting or finance becomes the goal for the student’s pursuing studies in the field of sciences. The different fields to which the commerce subject is divided are: 1.)Accounting. 2.)Banking. 3.)Finance. 4.)Computers. 5.)Business studies. 6.)Economics.

After completing his senior secondary education, commerce students mainly opt for business management, computers or accountancy courses as their graduation subjects. The most popular course which has become the career goal for almost every commerce students these days is career in accountancy. Accounting Job involves the responsibility of maintaining the accounts of the organisation, analysing it and further adding on to the economic development of the company.

The three different fields or courses available in the field of accountancy are:

1.)CA- Charted Accountancy 2.)ICWAI- Cost Accountancy 3.)CS- Company Secretary

All these courses are provided by special institutes and have their individual regulatory bodies, governing the course structure and further career developments in the respective fields.

Charted Accountancy: Charted accountant is the person responsible for few of the most important functions required to run a smooth functioning of the organisation in term of its monetary funds and finances like accountancy, auditing, taxation, etc. The Institute of Charted Accountants of India (ICAI) is the organisation responsible for the regulation of charted accountancy profession in India. The students for becoming a member of this institute, has to go through a series of examinations, appearing before which, he has to register himself with the statutory body of ICAI. There are three levels of CA examination, i.e. CPT- Common Proficiency Test, PCC- Store Competence Course, and then is the final exam, which has to be cleared, after which the student becomes a members a member of ICAI and can practise his profession in charted accountancy. The minimum time required to do this entire course is 3.5 to 4 years, which is in very rare cases, because the examination is very tough and it consumes years to pass one level.

Cost Accountancy: In this field the person responsible, is required to manage the cost related functions of the company in an organised way, he needs to collect, analyse and assemble all the cost related departments. He also needs to check, the utilisation of the funds is done in the right manner and in the productive direction. The institute responsible for application of the job responsibilities of cost accountancy in the country is The institute of Cost and Works Accountants of India. For taking admission in this course, students needs to clear three levels of examination, conducted by ICWAI, and registration for examination can be done after passing the senior secondary exam. The students having passed out all the three levels of ICWAI exam, other than working as cost accountant in public and private organisations, can also opt for working as a consultant in the field of finance management.

Company Secretary: This is another field which can be opted by the accounts or commerce students after passing their 12th exams. It is regulated by the Institute of Company Secretaries of India, which takes examination of the students applying for the course of CS, there are three levels for the same, after which the student can apply for CS in different companies and industries. As the name suggests, the job is not of a clerical or secretarial job, the CS is responsible for all the legal, board, trustee, managerial and corporate level decisions are taken with reference to the Company Secretary.

Outsourcing To Wns Helps United Airlines In Revenue Accounting And Recovery

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In 2006, United Airlines (United) was looking for a cost effective and high-quality solution for its passenger revenue accounting and recovery processes, as part of the company’s ongoing continuous improvement work to control costs and improve process efficiencies. United chose to leverage WNS’s offshore capabilities to help meet those objectives and enhance recoveries from fare audits.

United chose WNS for its track record and reliability as well as its ability to offer an end-to-end solution and scale to meet growth needs. In 2006, United transitioned its revenue accounting and fare audit operations to WNS in India. WNS program managers worked in tandem with United to ensure that the migration was successful by documenting the processes, training the WNS staff in India in a short period, and setting-up IT connectivity. After the process migration to India, the WNS operations team maintained high quality delivery in operations and identified process improvement opportunities through a rigorous Six Sigma program.

Over 300 highly qualified WNS staff performs revenue accounting and fare audit functions ensuring accurate, efficient and timely processing, leading to enhanced recoveries. The successful knowledge transfer and training of India staff ensured quick ramp-up. Process improvements are enabled through automation and re-engineering.

Managing end-to-end passenger revenue accounting operations including complex functions of interline, auditing, investigation, refunds and collections
Stringent service level agreements
Multi-location delivery to ensure business continuity
Highly skilled staff
Proprietary staff training capabilities
Rigorous quality assurance and Six Sigma programs
Robust program management and migration methodology.
Benefits delivered by the WNS team
Significant cost savings
Initiatives to increase productivity levels
Improved service quality
Enabled United resources to focus on strategic initiatives
Guaranteed process efficiencies every year
Comprehensive MIS and reporting.

United partnered with WNS for its recognized leadership in BPO, particularly in airline revenue accounting. United has been very pleased with both the financial and service quality paybacks from this initiative, and we expect to collaborate further with WNS to bring about continuous improvements in this critical accounting and customer service function – David Wing – VP and Controller, United Airlines
About WNS
WNS is a leading global business process outsourcing company. Deep industry and business process knowledge, a partnership approach, comprehensive service offering and a proven track record enables WNS to deliver business value to the worlds leading companies. WNS is passionate about building a market leading company valued by our clients, employees, business partners, investors and communities.

Finance and Accounting Diploma can be right choice for Students after 12th or Graduation

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Everyone wants to make money but few know how to manage them and use for business purpose to grow known as business leaders, however true business leaders know how to do that with or without a degree or knowledge they are also known as conventional business men, however due to advancement of accounting finance and taxation knowledge and skills it has become almost very important, many businessmen have employed qualified accounts and finance professionals to manage their business in professional manner, and such professionals are in high demand and will remain in high demand for ever, these experts are those individuals who manage the wealth and generate income for business houses. Since accounts is the base of every business and commercial transaction hence a basic knowledge of accounting is very important, since most of the accounting staff and finance professionals work together alongwith taxation and payroll in any business organisation. To become such professionals one needs to know the accounting and finance courses offered at different level by different accounting institute, these institute offers various accounts training, such courses can be availed by students after 12th in commerce or there are some professional courses which can be completed after B Com Graduation. In India there are options like B Com Graduation M Com post graduation courses which can be opted after 12th commerce students, such degree are merely qualification for any accounting and finance related jobs, however there are many institutes like:- CA (The Institute of Chartered Accountants of India commonly known as ICAI) CS (The Institute of Company secretary of India ICSI) ICWA (The Institute of Cost and Works Accountants) IPA (The Institute of Store Accountants)

These professional institutes offer professional training and job oriented courses in the field of accounts finance taxation banking auditing etc. students opting for career in commerce can opt for such professional courses as well some of the courses are four years and more this professionals can get regular job in corporate as well as they can have their own consultancy job, in today scenario most of the chartered accountants prefer to opt for a regular job however decade back most of these professional prefer to do their own professional practice.

Then there are institute of accountants like:- IPA (The Institute of Store Accountants) of India , a Delhi based accounting institute offers Diploma in Accounting a one year course this course is mainly based on practical aspects of computerized accounting, online income tax return filing, e filing related to TDS (Tax deducted at source) Service Tax, Excise, filing of returns related to Provident fund and ESI related matters.

After doing such Diploma in financial accounting students can expect lucrative career options like:- becoming an accountant, account assistant, finance executive, accounts manager, finance manager, tax assistant, audit assistant etc. after graduation courses for commerce students Accounting Courses

Why To Join Accounting Management Courses

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Account is always an important part for every organization either it is modern or an old company every business maintain its account to understand the profit or loss obtained by the business operations. An account manager reflects the true position of the company in financial terms. Favorable account position means more profits in business and strong position of the firm is depicting by the same. An accountant will maintain the records of financial company, analysis of accounts, implementation of new methods of accountings, and preparing all the accounts of the company.

Students interested in accounting management can take admission in MBA colleges. Here students can take professional account management which is very much essential for modern firms. Students holding an MBA degree get more opportunities as compared to others. Top MBA colleges in India are offering Accounting management courses where students can improve their skills.

Best MBA colleges in India offer professional education of account management after bachelor degree. At post graduate level students can take admission in top MBA colleges in India. Undergraduate students can also take admissions in this course but only few of the recognized board are offering this program.

Students need 50% aggregate marks in commerce stream to take admission in this course. Students must have commerce stream because accounts is the main subject of that stream. Only few of the MBA colleges in India are offering this program. Students will go through an entrance examination and many times MBA institutes conduct their own tests and interview.

Students pursuing MBA in it will improve their interpersonal skills, analysis skills; and knowledge in cost accounting will be improved. Get become perfect account manager MBA in it is must. Students who have vast knowledge in subjects like accounts, finance, law, taxation, insurance will perform better in MBA courses & colleges.

Business scenario in India is changing rapidly and many account managers are needed to complete the demands of new upcoming companies in India. Accounting management is bright career for students who have interest in accounts and sharp skills in management.

Few MBA colleges you can select for this course are:
Wigan & Leigh College, New Delhi
FMS – Faculty of Management Studies, University of Delhi
Management Development Institute, Gurgaon (MDI)
Indian Institute of Management, Lucknow (IIM L)

Students studied in MBA colleges in India are working on high packages with multinational firms and it all depends on your skills and knowledge in accounts.