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Financial Accounting Outsourcing
 
These services are structured to suit an individual client's needs and requirements. Some of the accounting services being outsourced are: 

General Accounting and Bookkeeping Services  
The service involves preparing and maintaining day-to-day bookkeeping and monthly or quarterly management accounts. These books are prepared as per the US GAAP accounting standards and can also be made as per specific client instructions.

Preparation of Financial Statements  
The service involves preparing a company's annual accounts and schedules ready for the statutory annual audit. 

Tax planning & Returns  
The service involves helping the clients make necessary periodic income tax, sales tax and other returns. It also includes helping the client make sound investment decisions and help him avail various rebates and deductions.  

Creditor Payment  
The service involves paying off the creditors at a chosen time and leaving the ultimate control with the management.

Debt Collection  
The service involves assisting the client with the recovery of debts. Taking necessary legal action in case of defaulters.

Cash Handling and Banking Operations  
The service involves assisting the client with treasury functions including the operation and monitoring of high interest deposit and current accounts. 

Cash Forecasting  
The service involves analyzing the cash requirements of the business and making cash forecasts for planning the future.  

Advantages  
Companies are outsourcing accounting services to avail the following benefits:

  • Collection, summarization, and accurate analysis of financial data
  • Correct interpretation of the company's financial position
  • Analyzing the potential risks in advance
  • Optimization of business resources and processes
  • Informed and better managerial decision making
  • Cost effectiveness
  • Time saving
 
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