Business Processes Outsourcing

BUSINESS PROCESSES OUTSOURCING

Our fully customised suite of Finance and Accounting services are geared to help our clients meet their financial objectives on time and get expected returns.

Our Finance & Accounts (F&A) services are geared to help our clients meet their financial objectives on time and get measurable returns. We offer a fully customized suite of accounting services, which includes –

  • Financial Reports
  • Financial Statement Preparation
  • Sales Order Management
  • Financial Write-up Services
  • Accounts Reconciliation
  • Invoice/order Processing
  • Cash Forecasting
  • Fixed Assets Management
  • Financial Budgeting
  • University Accounting Services

We strongly believe that small businesses are the cradle of future behemoths; and provide scalable accounting solutions to help you run your start-up business or small enterprise with ease. Our small businesses bookkeeping and accounting services are entirely a la carte and flexible, and offered at a much lower cost. We also allow small businesses to hire our virtual accounting assistants and pay only for the amount of services used, while maintaining spick and span accounting books.

We provide Accounts Payable Services to customers all over the globe. The end-to-end solution includes the following:

1)Data Capture: Receipt and management of all paper-based payables documents. This includes:

  • Sorting
  • Batch preparation
  • Scanning
  • Document indexing
  • Document storage and retrieval
  • Receiving and processing incoming mail
  • Audit and reconciliation of scanned invoices
  • 100% availability of scanned invoices

2)Data Processing – Exception Management/Resolution: Resolution and proactive management of exception transactions. This includes:

  • Approval and exception routing
  • Shortened month-end closing process
  • Documented audit trail

3)Suspect Duplicate Analysis: Audit and control mechanisms to eliminate the risk of duplicate payments and support recovery and reclamation through:

  • Manual and automated data entry
  • Three-way database matching
  • Electronic invoice processing

We provide accounts receivable services to customers all over the globe. We offer a comprehensive range of end-to-end solutions, including –

  • Billings preparation and mailing after customer approval
  • Record and account for revenue
  • Entering receivable transactions into the accounting system
  • Preparing and delivering periodic statements
  • Issuing of credit memos and refund checks approved by the customer
  • Maintaining subsidiary receivables ledger
  • Carrying out process adjustments approved by the customer
  • Applying cash received to customer accounts and resolving short pays
  • Accounts receivable deductions management services

We offer tailor-made payroll accounting services to firms of all sizes, and ensure that you never miss a tax compliance deadline once you outsource payroll processing / payroll administration services to us. We ensure that all your following payroll related details are calculated, reported and dispersed timely and accurately –

  • Employee records creation and update
  • Salary statements
  • Bonus payments
  • Commission calculations
  • Sick pay handling
  • Advance payments
  • Medical insurance benefits
  • Health allowances
  • Complete and up-to-date management of payroll related information – payroll data entry, payroll data processing and updating
  • On time pay slip generation and resource related information management
  • Periodical and regular payroll reports
  • Ready to access presentations facilitating quick retrieval of information
  • Customized and automated payroll administration services
  • Proven and efficient process defined payroll administration and management
  • Payroll tax return services

Software used by us:

  • We use the latest bookkeeping, accounting, tax preparation and payroll processing software available in the market. Our team of professional accountants has expertise in the latest software like Quick-Books, Tally.ERP, Intuit, Xero, etc.

In case you use different software, we can use your software to carry out your accounting functions.

With a number of taxes on the statutory book, current and continuing tax information has become vital to the effective economics of business management. The assessment of taxes is very closely linked with financial accounts. A logical extension to the accounting function is taxation. Keeping abreast with latest provisions in various tax laws, and with a strategic view in

mind, we help your business to comply with them and draw an advantage in long term. Our team also takes care of periodic taxation related requirements of the business. This includes matters relating to direct as well as indirect tax as applicable to the organization. We have team of tax experts for preparing the returns for tax purposes, representing Tax Payers before the Tax authorities and rendering general advice on taxes. The requirement under the Federal laws for compulsory maintenance of accounts by the specified categories of taxpayers would also take care. Our taxation services include:

  • Tax planning to filing,
  • Withholding Tax
  • Sales tax/VAT/GST,

Preparation and filing of monthly-quarterly-half yearly-yearly tax returns, and multiple filings based on State, County or Cities.

We provide services of ascertain the costs of production and of processes at different levels of operations in the manufacture of a product and in the rendering of a service. We are also equipped to provide costing information for the guidance of management, introduce cost control methods and assist the management in establishing appropriate selling prices.

We help organisations to control the cost within the budgetary constraints. We do it by collecting information about the costs incurred by a company’s activities, assigning selected costs to products and services and other cost objects, and evaluating the efficiency of cost usage.

We supply useful data to management for taking various financial decisions such as introduction of new products, replacement of labour by machine etc.

This is another field in which we are able to render a service which is utilized in a variety of ways like formulation of policies, day to day control, performance evaluation, etc. It helps organisations to utilize its resources effectively, increase their efficiency and achieve their goals and objectives.

We use many techniques for effective management accounting like developing management information system, designing budgetary and control system, determining measures of the effective utilization of capital, advising management on principles of organization and methods for effective delegation and planning of work, rendering advice on international taxation matters, foreign collaborations, joint ventures, double taxation agreements, etc., review of financial planning and policies for effective utilization of resources, etc.

Virtual CFO service provides businesses, which have a finance and accounts team but do not have a in-house CFO, a Finance Partner in their growth journey. Growing businesses are facing many challenges and our Virtual CFO service helps you navigate those challenges effectively by providing professional advice, analysis and support to management. Hiring a full-time professional CFO may not be in the budget of a small enterprise. Startups and SMEs are increasingly recognizing the need to have professional CFO services and realize that managing business finance and accounts, compliances, corporate governance, reporting and strategic requirements are important tasks. Our solution is execution focused. We oversee the complete finance and accounts function and provide day-to-day oversight, mentoring and support to the client’s team and management.