ACCOUNTS DEPARTMENT OUTSOURCING

We are full replacement of accounting department of a business, which would create an environment where Management can concentrate on the core activities of the business.

“ As per the recent survey (Source: Intuit Australia) business owners spends nearly 35% of their time in support functions like, accounting, tax filing, paying vendors and employees , rather than focusing on developing their business”

Major Activities covered:

  • Invoice Management – Raising Invoices, Mailing Invoices to Client/Customer
  • Collection Management – Gentle follow up for the collection/assisting Sales Department for collections
  • Expense Management/ PO Management : Raising PO for expenses, Mailing PO’s to Vendor
  • Payments – Uploading payments on line / Issuing Cheques
  • Payroll – Payroll processing, Payment of salary, expenses reimbursements etc.,
  • Accounting – Taking care of entire accounting
  • Coordination – With other department of the business and with Outside Agencies
  • Statutory Compliance – Statutory Payments and filing required returns with the Departments
  • MIS Reporting – Periodic – Weekly, Monthly

Benefits:

  • Cost – Cost of managing own department can be reduced to almost 50%
  • Quality – High quality service as services are provided by the trained, experienced & qualified people
  • Continuous – No interruption in service as the service is not person dependent

ACCOUNTING & REPORTING

Here we will take care of accounting functions of the business and we issue timely reports as required by the Management

Major Activities covered:

  • Preparation of right chart of accounts
  • Maintaining books of accounts
  • Payroll Management
  • Reconciliation of Ledgers at regular interval
  • Preparation of MIS Report/ Flash reports as per the requirement of Management
  • Preparation of Financial Statement for Audits
  • Coordinating with the Auditors

STATUTORY COMPLIANCES

The objective of the service is to ensure all the applicable laws are taken care with the responsibility of any recourse from the statutory authority, thereby freeing client to focus on core business activity

Major Laws and activities covered:

  • Direct Tax – Mainly covering, Tax deducted at Source & Collection at Source (TDS/TCS), Advance Tax & Tax Computation
  • Indirect Tax – Mainly covering, Service tax, Value Added Tax (VAT )
  • Companies Act – Mainly covering Registrar of Companies matters (ROC’s) maintaining minutes of meeting
  • Foreign Exchange Management Act (FEMA) – Filing necessary returns/reports
  • Software Technology Park of India (STPI) – Filing necessary returns reports
  • Labour Law Compliance – Mainly covering PF and ESI
  • Representing Company in Departments

Deliverables out of Management Review

  • Operational, Marketing and Finance MIS
  • Dash Board of Key information at regular interval
  • Reports at different level of Managerial hierarchy to take timely right decision
  • Process to track and link the KRA’s of people