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