Finance & Accounts

Finance & Accounts

Why outsource accounting and payroll activities?

It is in the best interest of any organization to reduce their cost of operations by identifying the areas where you can outsource some or all of your back office activities without compromising with the quality of output. Accounting and Payroll activity is mostly non-revenue generating department of any organization hence companies tend to divert their attention from these activities so that they can concentrate on their core business. Our outsourcing services are an efficient and alternative means for our clients to complete their routine bookkeeping, accounting and payroll work without increasing overheads that come in the form of recruiting and training specialist staff, buying and maintaining systems and software, and dealing with complex government legislation.

 

Services we provide:

When you outsource your accounting to us, you save time, money and can access the right expertise quickly. Our bookkeeping software is state-of-the art and updated to latest industry standards.

We offer all bookkeeping processes from payroll services & invoicing, management/annual accounts to credit control

How does it help?

Cost Effective

Outsourcing accounting and payroll functions costs roughly half of what it does when processed in-house.

Growth without overheads

Outsourcing allows firms to take on more clients without moving into larger facilities, adding computers and staff, plus firms can avoid hidden costs that come in the form of taxes, holidays, sickness and benefits.

Low-margin, high input work

Handing over low margin compliance work helps clients focus on the higher-profit, more interesting work such as business advice.

Faster turnaround

With India anything from 10½ to 13½ hours ahead of American time zones and 5½ hours ahead of the UK, work sent overnight can be returned the next morning – extremely valuable from a work planning perspective and for your client relations.

Legislation

Outsourcing allows clients to address the complexities of HMRC and the raft of associated legislation; and in the US, the Companies Bill and Sarbanes–Oxley Act of 2002 which requires increased timeliness, accuracy, integrity and transparency of financial information.

Accounts Payable

  • Supplier set-up and maintenance
  • Purchase order processing
  • Invoice and payment processing
  • Expense claim processing
  • Supplier statement reconciliation
  • Helpdesk support

General Accounting

  • Bank reconciliations
  • Journal entry postings
  • Reconcile control accounts
  • Accruals and prepayments
  • Manage consolidation

Financial Reporting

  • Management accounts
  • Commentary and variance analysis
  • KPI reporting
  • Decision and planning support
  • VAT and regulatory reporting

Accounts Receivable

  • Customer set-up
  • Customer invoicing
  • Revenue reconciliation

Credit Control

  • Payment chasing and query resolution
  • Cash posting and allocation
  • Ageing report with comments
  • Customer account reconciliation
  • Liaise with legal compliance department
  • Bad debts reports
  • Cash allocation