Accounting Outsourcing & BookKeeping

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Hassle free Accounting, ensuring integrity and confidentiality!

What is finance & accounting outsourcing

  • Accounting outsourcing is the contracting of accounting and financial services activities that are done on regular basis which are otherwise done by the organization staff.
  • Outsourcing is done to low wage economies to cut the cost of those activities falling outside the core business of the organization. These outsourced activities only needs to be coordinated by the lead organization which significantly cut the cost and help organization to concentrate on their core business
  • There is a huge increase in the outsourcing since 1990 and still continuing.
  • Modern communication technologies have reduced the transaction cost of outsourcing. Services

 

 

Services
 

Accounting & BookkeepingFinancial Controlling, Decision Support& ReportingAccounts Payable & PayrollFinancial Planning and AnalysisAccounts Receivable services
General Ledger AccountingManagement Information reportingSalary Record keeping and administrationFinancial statement analysisBilling and Invoicing
Cost AccountingBalance Sheet and P&LPay slip generationPlanning budgeting and ForecastingRemittance Advice & Receipts processing
Fixed Asset and Inventory AccountingInvestment Decision supportBank ReconciliationsDecision AnalysisCredit memo processing
Project AccountingTax ReportsInvoice maintenanceCash flow forecastingWrite offs & Bad Debt Accounting
 AR & AP reportsIssue and Matching of PO’sDebt planning and reduction 
 Custom Financial ReportsReceipt Matching  

 

Why to Outsource

Cost

  • Assist downsizing and delayering the team.
  • Immediate cost savings in terms of salary.
  • Technology & Infrastructure related savings.
  • Revenue due to increased focus in business and timely decision making.

Quality

  • Utilization best expertise from market.
  • Strengthens managerial control.
  • Best in class technology delivers real-time accurate financials.

Risk

  • Minimize of operational and technology risk.
  • Outsourced services provide multiple layers of review to avoid errors in books.
  • Helps to make right business decision, hence shares the risk in decision making.
  • Removes Risk in staffing, labor relationships.

Delivery Methodology

  • Documents are sent through Email- Process the documents and sent back through mail. Suitable only for small companies.
  • Secure Server on Cloud
  • Client Side
  • Vendor Contractor side
  • Connection to client desktops through Remote Access service (Secure VPN)
  • Secure access to cloud-based accounting software
  • Client Side
  • Vendor Contractor side

MERRYMEN adheres to ISO 27001 Information and Data Security and GDPR European Data Security Regulations and ensures all data security and confidentiality.