A day at work! February 18, 2012 No Comments
We seriously work on making accounting and taxes easy for you!…. Seriously!
Just a quick snapshot of our team working on the product yesterday!
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| Work at Office |
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Reach Accountant initiates Awareness Campaign for Entrepreneurs October 31, 2011 No Comments
There are of hundreds of entrepreneurs emerge in the market day-by-day. It is good and encouraging that most of them are successful in their businesses with innovative ideas and technologies. They spend most of their time in stabilizing, sustaining and scaling the business. And that’s the reason the focus on Accounting becomes missing.
When they are able to concentrate much on operations, the back-end processing are not taken care. Most of them think that the back-end support functions can be dealt with at a later point of time. Remember, by the time you realise this, it would be too late and would be an absolute burden to sort out. The point intended is that the entrepreneurs must look at having someone to take care of these functions, right from the beginning.
We categorise entrepreneurs in to TWO:
One – who knows what needs to be done, but doesn’t know how to do
Other One – who doesn’t even know what needs to be done.
While latter is more dangerous than former, both will have serious impact if not taken care at the beginning itself.
Reach Accountant provides an Saas online Accounting software which helps and easy to do your accounting in real time
While the advices and demo on these are offered at Free of Cost, we would charge only when there becomes a situation to execute anything for you.
How to proceed?
a) Simply e-mail your interest (with a brief note about yourself and your business) to anbu@reachaccountant.com with your convenient date and time for meeting us or give me a call at 9840681308.
b) Upon we confirming the same, you can meet us either in our office or over a cup of coffee at a Coffee Shop in a relaxed manner
As this is an open invitation to all entrepreneurs, please be quick to block your slot.
We are sure Reach Accountant would definitely make your life easier and post your discussion with us!!
Happy to help Entrepreneurs!!
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Providing and Paying Gratuity to your employees October 21, 2011 No Comments
Object:
Applicability of the Act:
Entitlement:
Benefits:
Time Limit for Application to Employer:
Whom to apply in case of non-payment by employer or dispute:
Appeal:
Penal Provision:
How can we calculate the Provision for Gratutity?
As per AS-15, A Actuary has to be appointed to do the valuation. The elaborate extract can be found here
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We love the CA’s, so we are giving them free accounts :-) October 19, 2011 2 Comments
Reach Accountant is an Online Accounting Software which automatically imports and categorizes bank transactions every day.
Here is how we are better than “Tally Accounting Software”
You will not have to trouble your Clients requesting data
Requesting accounting data from your clients and integrating it into Tally is a daunting challenge. With Reach Accountant, Your clients can simply sync their bank one time and you will then start receiving data real-time so you will not have to really bother your clients again.
Start charging your Clients every month
If you are a CA who charges your clients once in a year, You can now think about offering new services for which you can charge every month. Services might include Sales tax preparation, Service Tax Preparation, Payroll Management, Budgeting, TDS preparation, Internal Audits, Monthly Bank Reconciliation and Multiple branch Accounting, You could also offer clients Monthly management reporting and business performance monitoring. - all for a monthly fee.
Become pro-active and get the edge over others
Change from being the accountant who delivers the compliance, to the trusted advisor who delivers business advice that’s pro-active. This give’s you an edge over other accountants. You can simply help your client identify a unrecognized debit in their bank accounts or warn the clients when they make a payment forgetting to deduct TDS.
Your Client’s Accounting is done real-time
Your Clients want you, their most trusted adviser, to be involved in their business. With your experience, you know how a business can improve their financial position. But this means you need a clear understanding of the current state of the business, not what it was six or 12 months ago. As transactions are automatically imported every day, accounts are kept accurate and up-to-date. It allows you to understand how their business is performing now, without having to waste time sending data or reports back and forth. We have relationships with all the main banks in India like Axis Bank, ICICI Bank, State bank of India and 20 others and we keep adding more every day.
We are giving away free Accounts to you!
If you are a CA in practice, just write to me at robin@reachaccountant.com with your Name, Firm Name, Contact number, Address and Membership Number and I will create a free account for your Company. You can either use the accounts to manage your own practice.
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Reach Accountant at Tie-Chennai meeting on 15th October 2011 No Comments
Ever came across an idea that is overly simple and yet it makes so much sense?
Reach Accountant is happy to share a cool news with its customers. A SaaS online accounting application which has launched by us recently to help B2B put their tax and accounting in auto mode.
Reach Accounatant as member of Tie-Chennai has particpated the event happenend on IIT Research Park. Here are some snaps out there…
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| Tie Chennai- 15/10/2011 |
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Best Ways to use Reach Accountant for your Business September 26, 2011 No Comments
Once you sync your Bank Account with our application, we expect you to spend a few minutes every week to record your Income and Expenses. This helps us understand your transactions better and advise you proactively if something goes against tax compliance’s.
Here is what you are expected to do:
1. Raise your Invoices
Once a customer confirms your order, make sure you send him an Invoice confirming the amount and payment terms. Doing this confirms the agreed amount and payment terms to both parties.
You are expected to raise such an Invoice using our application. You can do this by navigating to Data Entry>> Invoices in your account.
2. Record your Expense Bills
Every time you receive a bill from a vendor, make sure you record the bills in the application. You can do this by navigating to Data Entry>> Expenses in your Account.
3. Process your Payroll
Set-up your Employee payslips every time an employee joins. Run your payroll using the application from Data Entry >> Payslips.
4. Transact through the Bank
Try transacting mostly if not only through the Bank. In case you spend in cash, you should let us know ( by calling or mailing your support accountant )
5. Pay your Taxes
You are expected to pay your taxes ( VAT, Service Tax and TDS ) before the 5th of the following month and e-mail the challans to us. You can find out how much you owe as Taxes from Tax Reports menu.
Here is what we will do:
1. Match your Receipts to your Invoices
Our application will import your Bank Transactions automatically and we will match your receipts to your Invoices every day and tell you how much your customers owe you.
2. Match your payments to your Expenses
Our application will import your Bank Transactions automatically and we will match your payments to your Expenses every day and tell you how much is overdue.
3. Send you a report everyday.
We will sms your daily cash in and cash out report by around 9 PM every day.
4. File your Tax Returns
We will file your VAT, Service Tax and TDS Returns when due. We can also file your Income Tax Returns and help you comply with ROC formalities ( if asked to )
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You will not need an Accountant Anymore. Period. The Bank Feed is here… September 2, 2011 No Comments
We are thrilled to announce that “Reach Accountant” is the First Indian Accounting Software to support automatic Bank Feeds.
What is Bank Feed?
Bank Feed is the ability to automatically import transaction data from all your Bank Accounts, real time.
What does it mean to You?
- Your Accounting Software becomes fully automatic.
- You can completely replace your accountant.
- You will know the financial health of your company in real time.
- You can save thousands of rupees on Accounting costs.
- You will never have to stress yourself on a Tax Deadline.
- You can spend even more time making money.
- You can spend your weekends with your families.
- Your Accounting will be done even before your auditor asks you.
How does it work?
- You log into your account and provide your Internet Banking Particulars
- Our Application will automatically sync with your Bank Account and import transactions.
- Our Application will categories your transactions into the relevant account heads automatically.
- We will assign a standby accountant to you who will follow-up with you for filing your tax returns.
- At the end of the year, We will co-ordinate with your auditor and pass on requested details.
- You can now get back your Weekends!
How safe is my data?
- We provide the same security which your Bank Does ( 256 bit encryption)
- Even if you loose data, You just loose a days work. (Secure Daily Offsite Back-up of all data)
- No one can move your money ( Access is read-only)
- You can control access to your account ( including our support access )
Which Banks are covered now?
| 1 | HDFC Bank (India) |
| 2 | ICICI Bank (India) |
| 3 | Axis Bank (India) (formerly UTI Bank) |
| 4 | State Bank of India (India) Corporate |
| 5 | Kotak Mahindra Bank (India) |
| 6 | Bank of Baroda (India) |
| 7 | HSBC Bank (India) |
| 8 | YES BANK (India) |
| 9 | IDBI Bank (India) |
| 10 | IndusInd Bank (India) |
| 11 | Union Bank of India (India) |
| 12 | Dena Bank (India) |
| 13 | ICICI Bank (India) – Corporate Account |
| 14 | The South Indian Bank |
| 15 | Punjab National Bank (India) |
| 16 | Development Credit Bank (India) |
| 17 | The Jammu and Kashmir Bank (India) |
Nothing comes close to trying for yourself. Check it out yourself by creating a trial at www.reachaccountant.com
Also let me know if your Bank is missing in the list, We are adding a whole lot of accounts every day and will prioritize your Bank accounts first.
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Now we can also do your payroll :-) June 17, 2011 No Comments
We have just made Reach Accountant immensely valuable to you by our new capability to process your company’s payroll. Being a small business ourselves, We constantly make an effort to keep providing you tools that help you do your Accounting, Taxes and now your Payroll too.
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What you can do with this?
You can:
- Automatically structure your consolidated pay into Basic, DA, Allowances etc.
- Automatically understand how much needs to be deducted as PF, Professional Tax and T.D.S
- Generate Payslips for all your employees.
- Print a Pay-register every month.
- Understand how much you owe to PF, TDS and Professional Tax every month.
How does this work?
- Log into your account.
- Navigate to Transactions>> Payslips
- Simply generate their payslips after deducting loss of pay and adding commissions.
- Then, instantly e-mail the payslips to your employees.
- Navigate to Payroll reports>> Pay Register and Export the pay register and check off as you pay them.
How much does this cost?
If you already are subscribed to us. You will pay absolutely nothing.
(Really! No kidding)
If you aren’t, You can make your Payroll, Accounting and monthly Taxes a kids play by simply paying Rs. 1999/- a month.
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We are Looking for Field Sales Staffs to sell Online Accounting Services! June 10, 2011 No Comments
Are you sales driven, outgoing and love talking and helping people get over accounting and taxes?
Look no further. We need a team of passionate and motivated Sales people to work in Chennai to support our sales team.
At Reach, our vision is to make Taxes and Accounting fully automatic for Small Business Owners. It’s a real buzz working to empower small business owners who now have access to their financial data over the web.
Role Description
This role is responsible for meeting the leads generated by our marketing team from prospective customers via inbound sales inquiries and involves extensive travelling within Chennai.
You will need:
- 1+ year of on-field sales experience
- Excellent phone manner and communication skills
- A motor bike
- A mobile phone
- A Laptop
- Proven sales performance
- Attention to detail and follow-up
- Passion and desire to make a difference
- Be process driven and willing to take responsibility
- Have lots of initiative and self motivation
- Experience in selling Financial/Software Products to SMB
- Knowledge of accounting/ taxes would be desirable.
If you think you have what it takes we’d love to hear from you.
Remuneration
Rs. 2,00,000/- per annum + Incentives
Send your CV to robin@reachaccountant.com or Call me at 0-9841225544
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A walk in the Cloud ( Reach Accountant ) featured in Business Today! May 30, 2011 No Comments
We were mentioned in Business today along with testimonials from some of our beloved clients
Business Today article – Hand in hand, a walk in the cloud.
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Reach Accountant is an Online Accounting Software which automatically imports and categorizes bank transactions every day.

