Get Your Remote Accountant now and Save your Business operating cost

Know Your Remote Accountant now

We keep your Book of Accounts. we provide you Software and their operators for high speed & accurate Data Entry. we specialize in creating, maintaining and supporting corporate, industrial and personnel Accounting System remotely. we are following the latest technologies of various accounting software which obeying updated tax Law, vat Law and gov exiting regulatory we teach or trained you and your selected employee what we do and how we do. we feel glad if you can consider us as your Remote Book keeper or your Remote Accountant you can also called us your Virtual Remote Accountant or Data entry operator. Our first Priority is to bring prosperity in your Business.

we keep Aim "Accounting for all" so here no matter what is the size and volume of your business is, our first priority goes for Small Scale industries or enterprises for eg. General Trading Grocery, Hardware shop, restaurant, furniture, Salon, beauty & spa,travel agency, printing and advertising agency etc. Any kind of business owner must maintain their book on proper way that we help and support them to do..

Stay aware,updated and responsible for all kind of your Assets and liabilities which is now under covering all business sectors by regulation of duties, Vat or Taxes that we keep your business and personal accounting system by trusted accounting Software, and provide you service from verified honorable CA and auditors when and where necessary that up to return claim and finalization is our duty for you for current and up coming Financial year.

we all have to Understand what is Remote Accountant before implement this on any reputed business we define that Remote Accountancy is a Special combined team work of professionals and technologies on the network which was developed and used by all latest Accounting Software by the help of experts to handle from distance is called remote Accountancy and the user or operator of remote accountancy system is called Remote Accountant, remotely they do all what you expect from your conventionally hired Accountant do in your business need. So now you know how Time has changed already and now we have to wake up and make decision to Save the cost from your traditional accountant hiring procedure because this new Remote Accountant will only ask monthly professional Service Charge here you no need to give them visa, Salary, Bonus, Gratuity, Insurance, Yearly return Air Ticket, Staff Accommodation, food and transportation avoid all spending now.

Our Professionals and specialist will visit your place with suitable packages and plan for you after satisfactory discussion they make mutual agreement according to your business suits they Sign with your business on written agreement or electronic contract. 

According to your selected package Remote Accountants will provide you their schedule of visit according to your requirement on daily, weekly and monthly basis out of that to get the support from them in your place when and where ever you want give them a call No matter what is the size and volume of your business, Their first priority goes to you.

For Small Scale Business and Industries Limited offer unlimited opportunity get your Remote accountant on the Basis of daily, weekly, monthly and remote online support only price.

Daily Visit on your Business premises for Data Entry, Checking and review of vat compliance & book keeping regulations any Location worldwide

Weekly Visit on your Business premises for Data Entry, checking and review of vat compliance and book keeping regulations any Location Worldwide.

Monthly Visit on your Business premises for Data Entry Checking and review of vat compliance and book keeping regulations any Location worldwide.

Without Visit on your Business premises for Data Entry and review remotely for vat compliance and book keeping regulations any Location worldwide.

Sample of Agreement Look What mention on Contract Agreement between You and your virtual Accountant

We have employed professional accountants and book keepers and DATA ENTRY OPERATORS who were permitted to maintain the accounting records for your business at a fraction of the costs of a full time accountant.

Additionally, once your business has sufficiently grown and circumstances are suitable enough for your business to employ a full time accountant, we shall advise you accordingly and smoothly transfer all the data relating to your business to ensure an uninterrupted flow of your operations.

Our new technique which we are called remote accounting service will make your business more efficient and will take into consideration the importance of the financial information for the decision makers.

what you can Save after buying software from us?

here if You are hiring your accountant from abroad then now onward you do not need to spend for their New Visa and its yearly Renewal Expenses, Monthly Salary, Bonus & Gratuity stop to spend for the idle Accountants. you should Save that expenses up to 60% just by keeping trust on us. after that only 40% of your current accounting cost will enough to manage your entire Books of Accounts up-to finalization. isn't it incredible? 

You will get real-time financial information 

You will get access your financial information 24 hours a day – 7 days a week 

You will save up to 60% on your accounting costs 

You need a professionals that will be always 24/7 ready for your financial assistance 

You need efficient and confidential bookkeeping structure 

You are Member and like the owner for our Jumbo team of Highly Qualified Professionals as your Book keeper, Data Entry Operators, Internal Accountant, Tax Advisory, Internal and independent Auditors all this Remote Body are Ready and prepared to Serve your financial and Accounting Requirements. 

Centralized customer invoice control 

Customer account reconciliation 

Customer statement generation 

Banking of customer receipts 

Centralized supplier invoice control 

Supplier statement reconciliation 

Bank Reconciliation 

Trial,Balance,Balance Sheet and Income Statement generation 

To enrolled with us

email: info@reviewsystem.cloud
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Top 10 Differences Between IFRS and GAAP Accounting

Top 10 Differences Between IFRS and GAAP Accounting

1. Locally vs. Globally

As mentioned, the IFRS is a globally accepted standard for accounting, and is used in more than 110 countries. On the other hand, GAAP is exclusively used within the United States and has a different set of rules for accounting than most of the world. This can make it more complicated when doing business internationally.

2. Rules vs. Principles

A major difference between IFRS and GAAP accounting is the methodology used to assess the accounting process. GAAP focuses on research and is rule-based, whereas IFRS looks at the overall patterns and is based on principle. 

With GAAP accounting, there’s little room for exceptions or interpretation, as all transactions must abide by a specific set of rules. With a principle-based accounting method, such as the IFRS, there’s potential for different interpretations of the same tax-related situations.

3. Inventory Methods

Under GAAP, a company is allowed to use the Last In, First Out (LIFO) method for inventory estimates. However, under IFRS, the LIFO method for inventory is not allowed. The Last In, First Out valuation for inventory does not reflect an accurate flow of inventory in most cases, and thus results in reports of unusually low income levels. 

4. Inventory Reversal

In addition to having different methods for tracking inventory, IFRS and GAAP accounting also differ when it comes to inventory write-down reversals. GAAP specifies that if the market value of the asset increases, the amount of the write-down cannot be reversed. Under IFRS, however, in this same situation, the amount of the write-down can be reversed. In other words, GAAP is overly cautious of inventory reversal and does not reflect any positive changes in the marketplace.

5. Development Costs

A company’s development costs can be capitalized under IFRS, as long as certain criteria are met. This allows a business to leverage depreciation on fixed assets. With GAAP, development costs must be expensed the year they occur and are not allowed to be capitalized.

6. Intangible Assets

When it comes to intangible assets, such as research and development or advertising costs, IFRS accounting really shines as a principle-based method. It takes into account whether an asset will have a future economic benefit as a way of assessing the value. Intangible assets measured under GAAP are recognized at the fair market value and nothing more.

7. Income Statements

Under IFRS, extraordinary or unusual items are included in the income statement and not segregated. Meanwhile, under GAAP, they are separated and shown below the net income portion of the income statement.

8. Classification of Liabilities

The classification of debts under GAAP is split between current liabilities, where a company expects to settle a debt within 12 months, and noncurrent liabilities, which are debts that will not be repaid within 12 months. With IFRS, there is no differentiation made between the classification of liabilities, as all debts are considered noncurrent on the balance sheet.

9. Fixed Assets

When it comes to fixed assets, such as property, furniture and equipment, companies using GAAP accounting must value these assets using the cost model. The cost model takes into account the historical value of an asset minus any accumulated depreciation. IFRS allows a different model for fixed assets called the revaluation model, which is based on the fair value at the current date minus any accumulated depreciation and impairment losses.

10. Quality Characteristics

Finally, one of the main differentiating factors between IFRS and GAAP is the qualitative characteristics to how the accounting methods function. GAAP works within a hierarchy of characteristics, such as relevance, reliability, comparability and understand ability, to make informed decisions based on user-specific circumstances. IFRS also works with the same characteristics, with the exception that decisions cannot be made on the specific circumstances of an individual.

It’s important to understand these top differences between IFRS and GAAP accounting, so that your company can accurately do business internationally. U.S.-based companies must abide by specific accounting regulations, even if they plan to do business internationally.