The document discusses outsourcing accounting services. It describes offering services like accounts payable processing, financial reporting, payroll management, and tax compliance. Clients benefit from increased productivity up to 40%, cost savings of 50-70%, and improved processes like faster month-end closing and cash management. The company's accounting outsourcing services include setting up virtual accounting departments, budgeting and reporting, compliance, internal controls, fixed asset and inventory management, and financial statement preparation according to various standards.

1. Outsourcing - Accounting Services
Finance and Accounting
The Finance and Accounting vertical comprises of industry practitioners with hands-on
experience in various aspects of Finance and Accounting. We act as an extended arm of our
clients' finance departments, to deliver immediate, measurable and lasting cost and business
efficiencies. Thereby we empower them with the right tools to enhance growth and create a
competitive advantage. Allowing to them focus on meeting highest standards of corporate
governance, regulatory challenges and customer expectations. Our finance experts provide
our clients with timely and accurate financial information and analysis critical to strategic
decision-making.
Over the years, we have helped our clients achieve process efficiencies in their finance back
office, leading not only to cost reduction but also process standardization, improvements in
productivity and better compliance. Our team of certified accountants and finance experts has
extensive experience in delivering best-in-class finance and accounting services for several
industries. A critical component of our business approach is to remove non-value added
activities and automate manual components of the processes.
Our consulting service includes the development of recommendations for identifying and
prioritizing processes for outsourcing, comprehensive process mapping and documentation,
recommendations for process improvement and reengineering, redesign and process
benchmarking, consolidation, and process transition planning.
We have developed best practices for each of its key finance service offerings. At the
beginning of each client engagement, we study our client's existing processes, and map them
against the best practices and industry benchmarks. The result provides the roadmap for
process improvement and design. Some tangible and measurable results that our clients have
achieved include:–
• Increase in productivity by 40 %
• Cost reduction and savings upward of 50-70%
• Faster month end closure
• Improved debtors/sales management
• Improved cash flow and cash management
• Management Information for informed decision making
• Improved service quality (accuracy and timeliness)
• Enhanced customer and vendor resolution

2. • Decrease in exception processing
Our offerings in finance and accounting outsourcing include the following services:
(A) Accounting and related outsourcing services
1) Accounting activities
 Setting up of virtual accounts department
 Finalisation of accounting policies and procedures
 Implementing controls and authorisation
 Daily accounting of all transactions including
 General Accounting
 Accounts Payable Processing
 Vendor Management
 Billing & Collections
 Cash Application
 Fixed Asset Accounting
 Financial & Operational Reporting
 Project Accounting
 Payroll management including Payroll Accounting, Payroll Processing, Payroll Tax
Filing, Reporting, Employee Support etc.
 Account Reconciliation & Analysis including bank, customer, creditor, effective tax
rate, service tax/ VAT/ FBT Excise duty with books of account
• Use of customised software for accounting

3. 2) Preparation of Budget/MIS reporting and analysis of significant ratios
 Monthly analysis of Company’s performance
 Bird’s eye view of critical accounts analysis and reporting
 Analysis of signification ratios
 Aging analysis of receivable and payables
 Segment reporting
 Updating management on regular basis
3) Compliance with statutory and other legal authorities
 Compliance with authorities (like PF/ESI/bonus/Gratuity etc.)
 TDS, Service tax/VAT/ FBT/Excise duty compliance and return
 Compliance with Companies Act, 1956 and preparation of relevant records under the
Companies Act
4) Set-up, updating and regular review of internal control system
 Set-up of internal controls within the Organization
 Preparation and updating of internal control manual for organization
 Regular review of systems and processes for constant update
5) Fixed Asset management
 Preparation of fixed asset register
 Physical verification of Fixed Assets.
6) Inventory management
 Preparation of inventory records
 Valuation of Inventory
 Physical verification of inventory
7) Preparation of financial statements (including balance sheet, profit and loss
account, cash flow, notes to accounts and equity reconciliation as per local
GAAP, Indian GAAP, U.S. GAAP and IFRS.
8) Consolidation, merger/de-merger accounting of various subsidiaries
9) Co-ordination with local and global auditors

4. (B) Other services
• Assistance in taking approvals such as FIPB, STPI etc.
• Registrations under corporate laws, SEBI, RBI and other local authorities
• Registrations of Companies/ firms/ trusts/ societies etc.