Accounting

We serve the accounting outsourcing needs of an often overlooked industry segment- small and mid-sized businesses. We can also serve as a back-office by providing outsourcing services in accounting, bookkeeping and write-up work.

• High expenditure in human resources and overheads accompanying business expansion constrains business potential of small and mid-sized companies.

• Implication- Outsource accounts to eliminate fixed costs associated with expansion.

• Mid-sized companies compared to larger companies spend a higher proportion of their revenue on back office services.

• Maintain a greater staff count in Finance and HR functions.

• Implication- Outsource bookkeeping and execute accounting outsourcing to enhance efficiency of operations.

• According to a study, finance and HR functions in mid-sized companies spend as high as 87% of their time in processing routine accounting and bookkeeping activities rather than strategic analysis and reporting and compliances.

• Lack of access to real time financial data impedes faster decision-making.

• Implication- Implement accounting outsourcing to enable faster turn-around time.

• Absence of specialized expertise in functions like HR, accounting and bookkeeping results in lower productivity and process efficiency.

• Implication- Outsourcing accounting to India brings in specialized expertise in accounting and bookkeeping.

These services are structured to suit an individual client's needs and requirements. Some of the accounts outsourcing services offered by us are as under:

• Book keeping and General Accounting Service.

• The service involves preparing and maintaining day to day bookkeeping and monthly or quarterly management accounts. These books are prepared as per the current 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.

Advantages

• Time saving.

• Analyzing the potential risks in advance.

• Correct interpretation of the company's financial position.

• Informed and better managerial decision making.

• Collection, summarization, and accurate analysis of financial data.

• Optimization of business resources and processes.