Onsite and Offsite Financial Processes and Management (R2R Process):
- Comprehensive bookkeeping and account management services
- Development of accounting systems and procedures
- Checking of transaction support documents and processing
- Inventory management including system set-up, maintenance of records, physical verification and valuation
- Compilation of fixed assets register and physical verification
- Periodic review and finalization of accounts & financial statements including IFRS statements
- Travel claims and other expense management
- Reconciliations (Banks, Payables, Receivables, etc.)
- Complex accounting reconciliations and reporting
- Administrative and secretarial support
Accounts Receivable Management (O2C Process)
- Sales invoicing and customer communication
- Issuance of debit and credit notes
- Accounting for revenue and collection
- Preparing accounts receivable reports as per management requirements
- Follow up of outstanding AR balances
Accounts Payable Management (P2P Process)
- Vendor master creation and modifications from time to time
- Preparation and issuance of purchase order (PO)
- Vetting of contracts with vendors
- Processing invoices with reference to PO terms and accounting for the same
- Disbursal of payments as per payment terms
- Employee expense management
- Periodic accrual entries
- Vendor Communication
- Month-end reporting
Closing of Financial Books and Reporting
- Month-end pre closing activities
- Monthly closing of revenue and cost lines
- Monthly analysis and providing heads up about any expected key gaps vis-a-vis planned financials
- Compliance with Accounting Standards applicable to entity and other close activities including reconciliations of
key accounts and banks
- Closing of books and reporting as per statutory requirements
