We provide a strong bench of professionals who quickly become an extension of your organization in a variety of operational areas, whether you have an immediate interim need or are looking for a long-term solution. You can outsource an entire department or supplement your existing resources depending on your size and needs.
Other aspects we provide include an end-to-end approach, collaborative BPO governance, change management, and delivering value beyond cost. This means that a dependable and high-performing BPO provider manages the scope of your relationship holistically, has a “partnership attitude,” manages the effects of change before, during, and after transition, and places a strong emphasis on benefits other than cost reduction.
Accounting Processes
General Accounting
- Recording of transactions
- Preparation of year-end closings
- Analysis of accounts and sub-ledger reconciliations
- Preparation of information requirements for external audit
Financial Reporting
- Preparation of financial reports
- Preparation of annual financial statements
- Issue monthly financial statements
Treasury
- Preparation of electronic payment orders
- Monthly bank account reconciliation
- Preparation of cash flows
Billing and Accounts Receivable
- Billing process
- Collection management
- Analysis of accounts receivable aging
- Maintenance of client master
Inventories
- Processing and recording of inventory movements and cost of sales
- Maintenance of inventory
- Annual or periodic physical inventory count
Fixed Assets
- Control and maintenance of fixed assets sub-ledgers and related accumulated depreciation
- Physical take of fixed assets inventories
Accounts Payable and Accrued Expenses
- Recording and control of accounts payable and accrued expenses
- Receipt of invoices from suppliers
- Verification of the supplier’s invoice authorization
- Verification of supplier’s invoice compliance with fiscal regulations
- Payment of employee expense reimbursements
- Processing and recording of payments to suppliers
- Maintenance of the supplier master
Other Services
- Assistance in the updating of statutory books
- Assistance in the preparation of inflation-adjusted financial statements
- Calculation of deferred taxes
- Permanent accounting advisory
- Supervision of accounting processes
- Budget management
- Accounting, tax, and process diagnosis
- Purchase management
Payroll Processes
- Payroll processing and payment
- Preparation of instructions for payments to employees
- Compliance with labor-related formal duties
- Payment of employee withholdings and employer contributions
- Processing of data for payroll-related accounting records and accrual for employee liabilities
- Calculation and control of personnel vacation and vacation bonus
- Calculation of length-of-service benefits and guarantees
- Processing of length-of-service benefit advances and loans
- Calculation and payment of employee profit sharing
- Control of delivery and receipt of income tax withholding forms for employees
- Preparation and electronic delivery of payroll receipts
- Control of loans granted to employees
- Processing and control of employee insurance plans
- Labor-related assistance
- Review and maintenance of employee records
- Preparation of payroll reports
- Assistance in the preparation of personnel expenses budget
Tax Processes Income Tax Withholdings
- Calculation of income tax withholdings applicable to supplier invoices
- Preparation of supplier withholding vouchers
- Preparation and online processing of the file required by the Tax Administration for payment of income tax withholdings
- Filing of payment vouchers with the Tax Administration Value added tax (VAT)
- Monthly preparation of VAT returns
- Preparation of purchase and sales books
- Calculation of VAT withholdings applicable to supplier invoices
- Preparation of VAT withholding vouchers
- Preparation and online processing of the file required by the Tax Administration for payment of VAT withholdings
- Filing of VAT payment and withholding vouchers
Other Processes
- Reconstruction and update of accounting records
Please contact us for further inquiries. We look forward to assisting you!