« Older Entries

DATAOPS: BEST PRACTICES FOR DATA MANAGEMENT

DataOps is as much about managing people as it is about tools. The resources for dataops will be data scientists, engineers, analysts who just want to analyze the data and build models.

DataOps: Best Data Management Practices:

Any DataOps implementation can adopt and follow these best practices.

Start small and build incrementally

Agile methodology is the inspiration for the whole DataOps philosophy.

The objective of the data ops is to steer the function of the data analytics team towards business goals and objectives. Lay down business priorities for the data team and review them fortnightly or monthly to kickstart the process.

To achieve this, insist on a cross-functional team structure and work on improving collaboration.

Building incrementally is the core principle of agile. Agile data processes focus on starting quickly with the data subsets and then focusing on incremental value delivery while incorporating feedback from the end-users. The agile data mastering process needs to be incremental, automated, and collaborative to streamline seamless formation of data pipelines.

Build operationally supportive applications:

Data analytics teams usually source huge amounts of data analyzed by machines mostly.

Consider cases when these data sources can be directly mapped with operational teams that use insights from this data. Empower your data developers to build apps that support multiple internal operations.

The new apps developed must be treated and built like software development projects to make sure that data always stays updated. You need to allocate one resource or more within your data teams who can take data from its source, analyze it, and bring it to a point where internal teams can make use of it.

Create business data glossaries and catalogs

A glossary helps in answering various questions about the data itself. These are mostly questions such as the technical name, definition, and function of a particular type of data in different systems within the organization.

Catalogs are like supersets that go beyond glossaries. They provide more metadata about the structure of the data. The creation of catalogs presents unique collaborative opportunities with teams that are the end consumers of data.

Cataloging helps users understand deeper aspects of the data such as its locations, its users, and best practices for leveraging it.

Enable self-service mechanisms for using data

Most data analytics teams tend to do their own data preparation when they have no data available for a specific use case. They self-sourced the data and use whatever tools they can find, internally or externally, to prepare it for their use case.

This kind of self-service data prep needs to be an organization-wide initiative. This initiative provides business users with the capabilities to explore, manipulate, and merge new data sources.

A proactive data analytics team goes beyond past and current data use cases and predicts data needs for frequently and rarely utilized use cases. This can be achieved with the timely collaboration between the business teams and data teams.

Use automation to anticipate source changes to avoid downtime

When a data source changes its format or becomes unavailable, affecting apps that use that data, it becomes a key problem for DataOps teams. Thus, causing downtime and these apps are often not ready to handle the changes.

For enterprise DataOps teams, handling of source changes in the least disruptive way and is non-negotiable. Downtime caused by one source can disrupt multiple systems and affect multiple teams.

Smart DataOps systems have apps that can work with updating data sources and detect the changes automatically. Mechanisms are built in such a way that they safely propagate change information to affected apps with zero (or minimal) downtime.

About Technovert:

It all comes back to good data. We’ve got you covered for any data project across verticals. Our comprehensive business intelligence consulting/ services/ inclusive of/ PowerBI/solutions, Data Visualization, Dashboard Design & Development along with DBA support services can help your business transformation process.

Our experts help you to discover how to unlock the true potential of the data and let you take the next step in choosing the right tool and technology for any of your data application.

Tags:

List of Accounting Outsourcing Companies in India

List of Accounting Outsourcing Companies in India

Accounting & Bookkeeping is important part of business. Small & medium size business need to deal with accounting , audit , compliances etc. Hiring inhouse resource for bookkeeping increases overhead cost of business. Hiring fresher resource to making reduce cost make accounting difficult. Small & Medium business prefers to outsource accounting & Bookkeeping services in India. By outsourcing you get access to experiences resourced to have industry and accounting knowledge. Reports prepared by accounting export helps business to take important business decision.

There are many Accounting Outsourcing Companies in India. Due to this CPA firms from USA , UK & Australia prefers Indian Accounting companies. Accounting Outsourcing Companies in India helps you to save upto 40 % on your cost of bookkeeping. In India, people can fluently speak in the English language. Most of Indian education are given in English language. Accounting outsourcing company work gives you dedicated resource for bookkeeping and do quality check of work.

List of Top Accounting Outsourcing Companies in India

1.Global Accounting Professionals

Global Accounting Professionals is one of top Accounting Outsourcing Company in India. Company is started in year 2017 and managed by CA Amit Bhutada. it has created a niche for itself in the outsourcing sector with its top-notch working systems, excellent infrastructure and ethical work practices. This company have trained resources , best infrastructure and expert team. The firm is working with advanced software tools which helps to save time and cost. Company have industry experience of E-commerce sellers , Law Firm , Traders , Transportation etc. The handle clients from USA , UK And Australia. The bookkeeping firm expertise in Xero , Zohobooks , Quickbooks , Wave , Mybooks etc.

Services covered under Outsourced Accounting are as below:

Monthly Accounting Entries
Bank Reconciliation
Statutory dues calculation and Payment
Statutory Compliances
Monthly Closing
Monthly Management Reports

2.KPMG

KPMG is a world-renowned Accounting Firm. KPMG Accounting firm have business presence in metro cities of India. Mitigate business risks and reduce operating costs is key reasons why Large company outsource accounting to KPMG. Global presence helps KPMG to manage clients taxation , cross border transaction and year end audit.

3.Tata Consultancy Services BPO

Tata Consultancy Services is leading BPO company in India. They offer Business process outsourcing to client across global. TDS is known for use best use of technology , reliable services & brand value. They hire workforce who have accounting industry experience to give quality services.

4.WNS Global Services

WNS Global Services has its presence in several countries. With a task force of over 25,000 professionals, it boasts of a quality infrastructure that is designed to lend to its clients, cost-effective solutions. Their industry-focused outsourcing operations offer seamless services to businesses across the globe.

Summary

Accounting Outsourcing Companies in India are popular in small & medium business and CPA Firms from USA , UK & Australia. More and more firm started outsourcing bookkeeping & Payroll services to India. Bookkeeping firm in India helps to manage day to day bookkeeping in Xero , Quickbooks , Zoho , Wave etc. helping customers with the management, accounting and tax preparation needs thereby reducing their finance and accounts operating costs.

Tags:

How to do Accounting for Small Businesses?

Accounting services for private ventures is finished by keeping a total record of all the pay and expenses and precisely extricating monetary data from deals.

This is an essential errand that helps entrepreneurs follow and deal with their cash successfully – particularly during the beginning phases. Other than keeping you insights about your business at various times execution, private company accounting additionally helps in creating solicitations and finishing finance.

What this article covers:

How Do You Do Bookkeeping for a Small Business?

How Do I Set up a Small Business Accounting System?

Do You Need an Accountant for a Small Business?

NOTE: FreshBooks Support colleagues have not affirmed annual assessment or accounting experts and can’t give exhortation there, outside of supporting inquiries concerning FreshBooks. In the event that you need a personal assessment exhortation kindly contact a bookkeeper in your space.

How Do You Do Bookkeeping for a Small Business?

Examining Financial Transactions

The way toward accounting begins with examining monetary exchanges and entering the ones relating to the business substance into the accounting framework. For instance, advances taken for individual reasons are excluded from the business archives

The initial step of the accounting cycle includes the arrangement of source archives. A source report or business archive fills in as the establishment for recording an exchange.

Diary Entries

Deals are recorded in a diary (otherwise called Books of Original Entry) in a sequential request utilizing the twofold section accounting framework. The diary sections incorporate two records – charge and credit.

To make this interaction simpler, bookkeepers utilize a unique diary to record repeating exchanges like buys, deals, cash receipts, and so on the exchanges that can’t be remembered for the extraordinary diaries are recorded in the overall diary.

Record

The overall record is an assortment of records that show the progressions made to each record dependent on past exchanges, alongside the current adjustments in each record. It is otherwise called the Books of Final Entry.

Unadjusted Trial Balance

A preliminary equilibrium is set up to test if the all-out charges equivalent absolute credits. The records are removed from the record and masterminded in a report. The adjusts of the charge and credit sections ought to be equivalent.

If not, the preliminary equilibrium contains mistakes that should be found and redressed with adjusting passages. Note that a few blunders may exist regardless of the charges rising to credits, for example, mistakes brought about by twofold presenting or due on the exclusion of sections.

Changing Entries

Toward the finish of the accounting time frame, the bookkeeper should set up the changing sections to refresh the records that are summed up in the fiscal summaries. For instance, pay acquired however not recorded in the books.

Changing sections are made for the gathering of pay and costs, devaluation, recompenses, deferrals, and prepayments.

Changed Trial Balance

When the changing passages are made, a changed preliminary equilibrium should be ready. This is done to test if the charges match the credits after the changing passages are made. This is the last advance before the readiness of the business’ fiscal reports.

Fiscal reports

The fiscal reports which incorporate the pay proclamation, explanation of changes in value, monetary record, articulation of income, and notes are the final results of the accounting framework.

Shutting Entries

To set up the framework for the following accounting, brief records that are measure intermittently, including the pay, cost, and withdrawal accounts, are shut. The monetary record accounts additionally called the perpetual records, stay open for the following accounting cycle.

The last advance of the accounting cycle is to set up a post-shutting preliminary equilibrium to test the fairness of the charges and credit sums after the end passages are made. This preliminary equilibrium contains genuine records just as the transitory records are shut this accounting cycle.

Tags: