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ACCOUNTS OUTSOURCING SERVICES
 

Our services are perfectly designed to help organizations deal with unexpected challenges and hardships in a systematic way. Proper financial records and accounting with us can always maximize the efficiency of a business with reduced risk and making the entire system move smoothly.

 

Accounting & Bookkeeping services-

  • Financial Statements and Reports preparation
  • Business and Individual Tax Returns Preparation
  • General Ledger Accounting
  • Accounts Payable processing
  • Accounts Receivable processing
  • Bank and Other Reconciliations
  • Depreciation
  • Inventory
  • Cash Flow and Budgeting
  • Costing and Profitability
  • Management Information system
  • Preparation and analysis of Financial Statement
  • Fixed Asset and Inventory Accounting

Many small businesses, start-ups, and entrepreneurs find it difficult to hire someone with the right skills to prepare their company’s financial statements, manage bank account operations, analyze financial data, and prepare the outgoing invoices. Nowadays, it is even more challenging to find the qualified and eligible person at the affordable rate.

Even though it is commonly believed that accounting and bookkeeping must be done inside of the business, it is important to ask yourself, whether you have the necessary skills and experience to do this job. Due to this fact, it might be worth considering to outsource someone with the right knowledge and qualifications, who can do the same job in a more cost effective way.

Methodology / How it works:

We have Trained FA and FAE to handle two different branches of accounting. One is financial accounting for which we need Financial Accountant (FA) and the other is management & Review of Financial Accounts for which we need Financial Accounting Expert (FAE) .

Financial Accountant (FA)- Carries out day to day accounting work and are in charge of keeping track of the entire finances related to business. Their tasks involve recording, classifying and summarizing in monetary terms. In simple words, they keep a track of entire

Financial transactions

Financial Accounting Expert (FAE)- The task of a FAE is to supervise what FA has done. It involves reviewing and creating financial reports thereby ensuring further accuracy and efficiency. FAE also handle lot of data analysis to make strategies for improving an organization’s financial health.

Our Accounts outsourcing model

  • Full-time FA & FAE- Regularity, Continuity in workflow, Easy coordinating , Receive benefits
  • Part-Time FA & FAE – Greater flexibility in scheduling etc
  • Onsite/Virtual- High level of interaction, New processes and latest technologies, Quality and valuable work and not just volume
  • Offshore- Standard, Well documented, Cost sensitive, Skills widely available, Large volume transactions etc.

Well, apart from record-keeping, there are data security concerns which CAHPC effectively looks after. Taking this this responsibility very seriously, we guarantee high security of client data and backup through sophisticated bookkeeping technology. State-of-art firewalls and other data security systems are there to prevent and control fraudulent attempts.

ACCOUNTS PAYABLE SERVICES

With an efficient Accounts Payable (AP) or Procure to Pay process, your organization will be able to manage working capital and cash flow better, develop and maintain strong vendor relationships, determine potential areas of cost saving, increase organizational agility and comply with regulatory policies.

Following are the objectives of account payable

  • Improve linkage between AP and procurement
  • Cost Reduction
  • Timely report
  • Accuracy /

Services Offered:

  • Invoice Imaging and storing
  • Invoice approval
  • Expense allocation
  • Online payment approval
  • Check processing
  • Handling of vendor inquiries

ACCOUNTS RECEIVABLE SERVICES

For an organization to meet its goals in terms of cash flow, it needs to have effective Accounts Receivables process ensures that companies can get back their payments in a shorter duration of time, improve their collection rates and ensure faster processing of invoices which will all contribute to increasing the cash flow.

Following are the objectives of account receivable

  • Invoice Imaging and storing
  • Invoice approval
  • Expense allocation
  • Online payment approval
  • Check processing
  • Handling of vendor inquiries

SERVICES OFFERED

  • Order management
  • Customer billing
  • Customer aging
  • Collections management
  • Cash forecasting & reporting

BANK & CREDIT CARD RECONCILIATION SERVICES

Today, an increasing number of companies are outsourcing bank/credit card reconciliation services to skilled vendors in India. Adopting this strategy can help the business free its own precious resources and divert them towards more value creating tasks. At the same time, an expert like Outsource2india ensures that the organization complies with all statutory and regulatory requirements.

When you outsource bank / credit card reconciliation services to us, we conduct a detailed check to verify your internal financial records and transactions in order to detect discrepancies, if any, and to reconcile the same. Also, since the reconciliation process provides details of your outstanding checks and any deposits in transit, we can help you conduct the requisite credit control activities

Objective for Bank Recon. Services

Ensure Balance Accuracy

Speedy Rectification of Discrepancies

Detect Missing Entries

Services Offered:

  • Bank statement reconciliation with your bank statement
  • Credit card reconciliation with your statement records
  • Reconciliation of all cleared transactions, open deposits, and open checks.
  • Matching bank reconciliation balances to your trial balance for financial statement review.

FINANCIAL REPORTING SERVICES

Financial reporting is critical for any organization. Financial reporting involves the collection, analysis, summarization and presentation of the financial health of a business.

OBJECTIVE OF FINANCIAL REPORTING SERVICES

  1. Save on the time involved in analyzing and preparing financial reports
  2. Avoid spending money on costly financial reporting software
  3. Improved and efficient decision making
  4. Accurate and error free analysis of data

SERVICES OFFERED

  1. Trial balance preparation
  2. Financial statements and financial reports
  3. Accounts payable reports
  4. Accounts receivables reports
  5. Inventory reports
  6. Cash Flow Statements
  7. Dashboard reporting’s
 
     
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