Prepared for
Fleet Car Rental Inc
The managing director
Prepared by
Description
Fleet Car Rental Inc requires the implementation of accounting services to ensure the success of the company. The company had been suffering from inadequate and untrained staff. Therefore, the management has decided to change its accounting services to avoid these losses. The managing director is considering outsourcing these services claiming that it will be economically profitable.
The executive summary
The objectives…
Fleet Car Rental Inc is in need of an accounting service to replace the existing ineffective one that has led the company to realize many losses. The managing director has termed this an important undertaking because he will now be able to focus on other constructive activities.
The goals…
Fleet Car Rental Inc has been in operation for more than twenty years and has been operating at the same level without improving. For this company to succeed profitably there is a need to implement a professional accounting service in a cost-effective manner.
Therefore, the goals of introducing this service are:
- To gain access to professional accounting services
- To guarantee quick services
- To effectively and efficiently manage the accounting services
The solution….
The existing accountants have been doing the accounting services. Their work has been characterized by a lot of inefficiencies which must be rectified by replacing this service with an outsourced one. Members of the staff to be recruited must be holders of a CPA certificate. In addition, the senior management must be holders of a master’s degree.
The services we will provide include
Daily recording of transactions
Tax calculations
Inventory management
Maintenance of the ledgers
Preparation of financial statements both interim and final
Client operations
Fleet Car Rental Inc is a company that operates in the field of car hire. It has been in operation for over twenty years with three branches only. The company has one hundred employees. Some of its members are not properly trained and this has resulted in inefficiencies. The accounting system has been a disaster too because of the untrained staff.
The implementation of the outsourced accounting services will focus on stabilizing the accounting service of this company. After that, the company will resume its services, as its staff will have undergone a thorough training for two years.
Cost summary
The estimated cost of the accounting services for the two years are estimated to be as follows:
Disclaimer: the figures given here are estimates only. Therefore, no guarantee will be entertained if the actual value will deviate from these estimates.
Contract and terms
Initial set up
75 % at the signing of the contract
15% at the completion of the contract
Monthly fees
The fees should be due upon receipt of monthly invoices
Quarterly fees
This will be included in the monthly invoices
The minimum terms of the contract
The contract will start at the first month of 2011 when the accounting services of the Fleet car rentals will be fully replaced. If at any event, the Fleet Company cancels the contract before the expiry of one year, or in one way or another blurs the name of my company inform of defamation Canadian Bar Association (2010, para.2), a penalty of three quarter the cost of the contract is applicable.
The benefits
The implementation of the accounting services in your company will result in the following benefits:
A low-cost accounting services
Professional services
Training of your staff
Other services may arise.
If you have any questions do not hesitate to ask, please contact
Name of the consultant
Reference
Canadian Bar Association. (2010). Defamation: liberal and slader. USA: British Columbia Branch.