Set-up of customers in accounting system with proper documentation
Email based collection support
Miscellaneous accounts receivable tasks
Reconciliations
Bank account reconciliations
Credit card reconciliations
Mortgage account reconciliations
Escrow account reconciliations
Line of credit account reconciliations
Merchant account reconciliations
Inter-company reconciliations
Petty cash reconciliations
General Accounting
General ledger maintenance
Monthly accruals of recurring expenses and utilities
Prepaid amortizations
Maintaining month end closing schedules
Monthly review of select balance sheet accounts
Preparation and filing of sales tax and franchise tax returns
Payroll Processing Services
Payroll processing including gross and net pay check calculations based on FUTA, SUTA, SS, medicare, garnishments, and 401(k) deductions
Updated employee records and legal regulation
Live time access to view and analyze all payroll
Keep record of cash required before payroll processing
Timely deposit of all federal, state and other payroll taxes
Electronic filing of all state and federal payroll returns
Inventory
Periodic physical inventory to books inventory reconciliation
Set-up and maintenance of inventory item list in accounting system
Tracking of inventory losses and inventory control
Clean-up of inventory lists by inactivating items, removing duplicate items etc.
Travel and Expense (T&E) Management
Employee list/database management
Scrutinizing and validating invoices against existing T&E policies
Processing of T&E claims as per documented procedure
Travel and expense accounting including entry of travel and expense bills, mileage accounting, employee reimbursements
Fixed Asset Maintenance
Updated fixed asset register with new asset additions, dispositions and write-offs
Reconcile fixed asset and other associated sub-ledgers to general ledger
Calculation of depreciation based on different depreciation rates and methods
Preparation of journal entries such as – expensing of fixed assets, depreciation entries, asset purchase/sale and write-off of old or fully depreciated assets
Accounting for sale/disposal of assets
Financial Modeling and Analysis
Simple to complex business plan formulation
Preparation of monthly, quarterly and annual forecasts of key financial parameters
Financial analysis like ratio analysis, break-even analysis, NPV and IRR analysis
Customer profitability analysis
Sensitivity analysis
Sales product mix analysis
Make vs Buy/Buy vs Lease analysis
Financial Reporting
Balance sheet
Income statement
Cash flow statement
Profitability Report
Product Costing Through ERP – CRM
Inventory reporting
Monthly financial analysis of income statements
Expense reports
Custom reporting
Management Dashboards
Financial dashboards
Sales dashboards
Detailed expense trend dashboards
Portfolio dashboards
Employee/Agent dashboards
Operational dashboards customized to industry requirements
Budgeting
Detailed operating budgets covering projected revenues and budgeted expenses
Departmental level budgets/divisional budgets such as marketing budgets, sales budgets
Cash-flow budgets at company/ departmental/locational levels using a variety of methodologies
Other Services
Set-up of accounting systems and procedures
Clean-up and updating of historical transaction records
Co-ordination of Audit – Internal, Statutary and Compliance
Year end audit support
Accounting software transition including set-up of lists (customer, vendor, employee, inventory etc.), chart of accounts and transactions
RPA in Finance & Accounts Activities
Our aim is to bring focused success to your
enterprise with our excellent services.