Offshore Accounting

Offshore Accounting

Benefits of Outsourcing

  • Enables business to concentrate on core business activities.
  • Use of manpower for more important functions
  • Investment in fixed assets reduced/minimized.
  • Substantial Savings in Cost.
  • Services of experts made available.
  • Improved Internal Controls
  • Enhanced reporting capabilities to provide more timely and accurate financial data
  • Off-site Backup of Data.

Functions that could be outsourced :

ACCOUNTING

  • Bookkeeping and MIS Reporting (Record to Report)
  • Accounting on QuickBooks/ Xero/ any other platform
  • Accounts Payable Management (Procure to Pay)
  • Accounts Receivable Management (Order to Cash)
  • Data Extraction and Analysis

RECONCILIATION

  • Bank Reconciliation
  • Credit Card Reconciliation
  • Payroll Reconciliation
  • Income Reconciliation
  • Customer & Vendor Reconciliat ion

TAXATION

  • GST Compilation/ Filing
  • Payroll Taxes
  • Annual Tax Return Preparation

AUDIT SUPPORT

  • Audit Vouching
  • Internal Audit
  • Process Audit
  • Due Diligence Support
 
     
20966 Times Visited