We provide to Overseas CPAs , CAs & Accounting firms with an option to substantially reduce cost and enable them to focus on high end services like Audit and Tax consulting.
Outsourcing as a Tool to Maximize Accounting Firms Profitability Whether you are a sole proprietor, firm or a company, we can provide accounting outsourcing services and financial accounting outsourcing services on a monthly, quarterly or annual basis as per your requirement. Meaningful, well-organized financial records delivered in time ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
Services of Book-keeping: These services include: General Ledger Accounts Payable Accounts Receivable Fixed Asset Register Inventory accounting Bank Reconciliation Statement Monthly and annual financial statements Preparation of ledgers, sub-ledgers and journals Preparation and Finalization of Accounts from incomplete records.
- Technological Methodology of Book-keeping Outsourcing
For the actual execution of work, we will need to exchange information with the Overseas CPA/CA/Bookkeeper (hereinafter called overseas counterpart). Overseas counterpart will give us the input data (scanned documents) and we shall give them output data after processing their input data. For such exchange of information, a media has to be selected. Following are the options of media, from which the overseas counterpart can choose:
- We can download input/ upload output on server of overseas counterpart or
- Overseas counterpart can upload input/ download output from our secure ftp server or
- Overseas counterpart can fax input documents and output backup files be sent on your server or our server or
- E mail attachments be sent as input data as well as output data You can choose the media according to your convenience and satisfaction.
- Processing of Data On receipt of input, data is processed and the accounting records are updated. Backups are taken and the relevant reports are sent using the media selected and in hard copy on a pre-agreed frequency with Balance Sheet, Income Statements, Profit & Loss Statement, Bank Reconciliation, correction to client's check register.
- Software The software for use in bookkeeping and tax returns processing shall be specified by overseas counterpart, which in turn may be specified to them by their client also. We shall process all the data in the software specified by overseas counterpart.
Why Outsource from Us:
- Major costs savings in accounting & overhead work
- Trained and highly qualified staff at your disposal, anytime you need
- You pay only for actual work done
- The cost of Outsourcing from us will be a fraction of your existing or likely expenditure on that activity
- The work will be completed on schedule
- The quality of work would be top-notch
- Enables business to concentrate on core business activities.
- Use of manpower for more important functions
- Investment in fixed assets reduced/ minimized
- Improved Internal Controls