Envoy Facility Management Services, Setting Up A Business in Sri Lanka
Initor Global Services
1.
2. Index
• Introduction
• Service Offering
Accounting & Bookkeeping
Management Accounts
Payroll Solutions
Taxation Services
• Dedicated Hiring
• Our Team
• The Transition Specialist
• Operational Models
• Infrastructure & Security
• Why Initor
3. Introduction
Professionally managed specialists in the area of industry-specific accounting, payroll
and taxation services.
Operational and delivery Centre in Ahmedabad, India, along with having
geographical presence spread across Gujarat, Mumbai, Bangalore.
We also operate from Bellevue, WA and Florida, USA and London, UK.
Team of qualified professionals, led by CPA having a rich experience in the field of
Accounting, payroll and tax services.
Well experienced Transition team to maintain the system and processes in line with
the pre-defined objectives.
Having a dedicated team that work on data analysis and systems to deliver the real
time Operational and Management Reports along with normal Financial Reports,
which helps in taking strategic decisions.
Technology has never been a hurdle for us to work. Expertise in advanced Accounting
and Bookkeeping software such as Intacct, QuickBooks, Sageline 50, Xero, KashFlow,
GEMS, etc.
We are presently working for UK, USA and Australia based clients.
4. Service Offering
Taxation Services
• Sales Tax Preparation & Return
• Personal Tax (Self Assessment)
• Corporate Tax (P’ship, S Corp & Ccorp)
Accounting & Bookkeeping
• Sole Proprietors, Partnership, S
Corporations & C Corporations
• Trust Accounting
Payroll Solutions
• Casual & Fixed Labor including Other
Payments & Deductions – Tips, Bonus,
Advances, etc.
• Periodic Statutory Return Filings
Management Accounts
• KPI Reports
• Operational Reports
• Management Information System
5. Accounting & Bookkeeping
Weekly / Monthly / Quarterly Bookkeeping
Final Accounts preparation and comparative analysis
Accounts Payable Management
Credit Control
Accounts Receivable Management
Deposit Analysis
Merchant Accounts Reconciliation
Cash Flow Statements
Past Activity
Projection
Consolidation of Financial Statements for operations in more than one
geographical locations
6. Management Accounts
We believe that mere Financial
Accounting Reports does not suffice the
purpose of getting vision to take strong
and efficient strategic business decisions
for Management.
Our strong team and impeccable
expertise in analysing the various
operational cycle of business, its impact
on the decision making process, and
then design customized, efficient and
smart Operational and Key Performance
Indicators’ Reports.
What helps the business owner and
management to take their strategic
business decision in no time is the
Efficient, Smart, Real Time Financial
Operational Reports and Management
Accounts Reports.
7. Payroll Solutions
Digital data processing of payroll including timesheets,
commission, bonus calculation, and overtime.
Electronically generated and delivered individual pay slips.
Detailed reports of all natures depending on specific client needs.
Advice and reports on what needs to be paid by employers in
terms of Taxes and other deductions.
Set up of new staff and filing of starters and leavers.
8. …contd Payroll Solutions
Calculation of FICA, FUTA, Medicare and SUI
Online and telephonic help centre to assist your employees and
vendors with their payroll related queries
Periodic statutory returns to states and federal authorities
Pre-payroll & Post-Payroll support
* Much more than just payroll processing!!
9. Taxation Services
Preparation of all type of Tax returns
Form 1099 filing and circulations
Self Assessment Computation & Filing (1040)
Partnership Tax Returns (1065)
Company Taxations (S Corporation and C Corporation)
Sales Tax Computation, Reconciliation & Filing
10. Dedicated Hiring
Initor gives you the option to hire a scalable, reliable, and
extremely talented team of payroll and accounting professionals
with demonstrated capabilities - on full time or part time basis.
Choose your team based on specific skill sets:
Payroll Assistant
Payroll Manager
Accounts Executive
Senior Accountant
Accounts Reviewer
Taxation Executive
When you opt for projects requiring three or more full time
accountants, you get a Virtual Financial Controller (VFC) FREE
11. Our Team
Team Strength – Our team consist all business graduates having strong
experience of more than 5 years in the area of Payroll, Tax and Accounts for UK
based clients, which enhances our strength to meet the statutory compliances
and make us aware about the local environment of the United Kingdom.
Dedicated employee for clients – We believe in giving dedicated contact
person for you. You would always be speak to the same person whenever you call
Initor. This improves communication and accountability.
In-house IT team – Our in-house IT team both the development as well as
networking, help us with continuous support to keep ourselves up and running
for our clients with the latest updates in the technological world.
Systems & Processes – We believe that accounting and payroll job varies
from client to client. Hence, we have a dedicated and qualified team to design
and define the customized processes and systems as per requirements at both
ends (Client & Initor) to deliver the desired results with minimum time and cost.
12. The Transition Specialist
Initor is mainly known because of its customized systems and processes based
on the need of client and its nature of business. We have a dedicated team for
transition to define & design the best suited systems and processes to the
business and structure of the client. Our transition expert/(s) stay for at least 3
to 4 weeks at client’s place with the following objectives to achieve.
Understand the business and structure of client.
Design the best suitable systems and processes for client.
Identify and prepare the best technology platform for both the
organizations.
Educate the personnel at client’s place and team at Initor with the new
systems.
Ensure the smoothest and best transition from client’s existing process
and system to the new designed system.
Define the Service Level Agreement.
Define the best suitable Turn-around Time for each task.
Define communication protocols between both the organizations.
Ensure the best execution of Service Level Agreement.
Ensure the best execution of all systems and processes by getting work
done on live accounting through team at Initor.
13. Operational Models
Our business philosophy is simple – we are client centric in our approach. To that
end all the processes and systems we follow are designed to ease things for our
customers. We design and define customized systems and processes that meet
the ultimate objective of our client to minimize the time, cost and to get best
quality Accounts.
Server Based
According to this model, the clients upload their input data on to a secure FTP
server located either in India or outside India. Initor professionals access the data,
download it and work on it. Final work is uploaded back on to the FTP server.
Email Based
Clients send us all their documents over email; we download them at our end,
work on them and send the finalized documents back to the clients by email.
Remote Access Based
We access the data on client computer using a remote desktop access service
such as Secure VPN. Work is done by our team on client computers.
14. Infrastructure & Security
We believe that Management should be more dependent on systems
rather than on humans. Hence, we demonstrate and use the best
technology & infrastructure which make most of the systems
automated.
Initor is ISO 9001-2008 certified for its best Quality Management
System. Initor is also certified with ISO 27001-2013 for its best
Information Security Management System. Initor is also the winner of
CorporateINTL Global Awards 2014 for its best services in outsourcing.
Initor is also an affiliate member firm of “Gujarat Electronics &
Software Industries Association” (GESIA)
15. Why Initor
US Timings: We aim to cater our client as per their US timing of 08:30 to 17:30
hrs (EST). We also aim to take the benefit of Indian time being ahead of UK time
by starting the work early and getting the job ready by the time you start your
day.
Employees: Our employees are well qualified and trained to suit the
requirements of the job. We always work with a philosophy of FTR. (First Time
Right)
Communication: We believe in having dedicated employees for you, who
would also act on your behalf when communicating with your clients if needed,
while always speaking to same person every time at our end.
Continuous Improvement: We take Feedback from clients on completion of
every job. We take the necessary modifications in the processes and review
policy, based on the feedback that we receive from our clients. It is a process of
Continuous Improvement on live projects.
Research orientation for technological advancement: Our aim is to make
continuous improvement and make processes smooth and easy for your benefit
in line with the IT sector.
16. …contd Why Initor
Cost Saving – Helps you to reduce cost with accuracy, efficiency and
effectiveness. Also squeeze down the managerial hierarchy and infrastructure
costs (Saving of 30% to 50% in comparison to hiring someone in the UK).
Combined Services – We provide combination of various outsourcing services
under one roof, which makes us all in one solution provider for all your payroll,
accounting and taxation needs.
Enhanced Productivity Level – Outsourcing your services to us brings in
effectiveness, as dedication to continuous improvement is our motto without
compromise on quality, compliance and timeliness. Your productivity increases
without adding anyone on permanent payroll.
Process Standardization – Set process protocols and manuals in place as per
your needs for smooth transition and process implementation. Preparation of
standard documents like SOP and various practice manuals.
Focus on Core Business – You can be relieved from operational hassles in
Payroll & Accounts, so that you can find more time and resources to focus on
your core business activities that lead to increase your profitability.
17. Summary
US Qualified and experienced Staff
Best Turn Around Time in the industry
Cost & Time Saving
Transition Expert for smooth workflow.
Competitive and Flexible Pricing Models
Comprehensive Service Offerings
ISO Certified
Member firm of GESIA
US Timings (Working Hours)
Best Infrastructure
Experience of over a decade in domestic and international
business.