| SERVICES |
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| FINANCE
& ACCOUNTING |
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 General Accounting
A total accounting
package for preparation of accounts, from the ledger to the sub ledgers
which encompasses monthly reporting & preparation of Trial Balances, Profit & Loss Account & Balance Sheet as per the relevant
IAS.
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| Accounts Payable
The solution for this part of accounts consists of scanning of invoices, updating of invoice details in system, release of payments to suppliers, monthly reconciliation and paperless transactions. This also enables the client to centralize their accounts payable function with access to invoices from any location via the Internet.
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| Accounts Receivable
The solution for this part of accounts consists of calling up the customers for overdue accounts with query for individual invoices, receipt of money into account & allocation of the same to invoices, escalation resolution, credit check for old and new customers, monthly reports & customer reporting.
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| Billing Services
The Treasury team maintains a strong balance sheet, debt structure and liquidity position. Release of payments, receipt of payments and their batching to different departments. Bank reconciliation on a monthly basis, client interactions & acting on adhoc requests. Cash management for the clients' business.
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| Financial / MIS Reporting
Financial reporting function consists of preparation of ledgers, consolidation of entries in the trial. Also it entails maintenance of sub ledgers linking to the main ledger & reporting to the client management of significant financial changes in accounts. Monthly review meetings held with the client as per the contract. Reporting as per the Balanced Scorecard approach. Also certain functions are as under:
-Produces the Annual Financial Report
-Manages the Expenditure Review process
-Manages the clients' whole financial systems and reporting
-Develops and maintains accounting and asset journal entries in the books of accounts.
Invoicing to clients' customers is done from the offshore unit either by mail, Internet & ease of access by the customer as well as client. Preparation of supporting documents for invoices & their compilation.
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| Asset Management
Compilation of asset register for the client, asset tracking by unified coding for the
organization as a whole. |
| Payroll
Preparation of monthly payroll including bank account control, funds request, funds transfer to each employee's bank account, payment of social insurance premium, withholding tax and local inhabitants tax instead of the company. End to end services for payroll processing from employee database updation to filing of returns. |
| Travel and Expense Accounting
Travel and expense (T&E) spending is the third-largest controllable business expense after salaries and data-processing costs. Services for the same cover processing of travel expense reports, checking the same for validity with bills, eligibility of employees, processing of payment till reporting to management. |
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Internal and External Accounting
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