Accounting and Bookkeeping Services

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The top three reasons of accounting and bookkeeping outsource are cost saving, replacement of local professionals with required talent and ability to leverage an established technological infrastructure. Market study indicates that an organization can save approx. 40% on operational costs by outsourcing. Organizations have the ability to adjust the level of support or services required, based on their financial resources. There are many services covered under this as follows:

Transactional Activity

Data entry of day routine activities

 

Recording of Invoices of customers and bills of vendors

 

Bank/ Credit Card/ Cash Transactions

 

Payroll Transactions

 

Other Journal Vouchers

Reconciliation Activity

Bank / Credit Cards Accounts

 

Customer Invoices and collections

 

Vendor Invoices and Payments

 

General cash collection and payments

Controlling Activity

Periodical closing entries

 

Financials review

 

Budgeting

 

Preparation of Financial Statement

 

Accounting of Accruals, prepaids etc.