Accounting Outsourcing Service
Accounting Outsourcing Service
2021-09-30
We can provide accounting services yearly, quarterly and monthly according to your requirements. The services can be ranged from bookkeeping to management report depending upon your needs and preference. You may have your own bookkeepers or accounts clerks, and outsource the supervisory duties to us or vice versa.
It is a “must” activity for each company in keeping its records and accounts as required under
Accounting Outsourcing Benefits
1. Reduce Costs
With accounting outsourcing, number of full time staff, office space and facilities usually can be minimized. Thus it helps to optimize costs. In many cases, companies can save at least 50% on accounting staff cost.
2. Focus on core business activities
Companies can concentrate on their core business activities and leave their accounting functions to be outsourced to the professionals whose core business activities are providing accounting services. Besides, precious time, energy and money spent on hiring, retaining and supervising support functions can be reduced.
3. Avoid interruptions of work
Companies can avoid from any losses or interruptions of work as a result of staff leaving at critical times. Usually, this is a major problem faced by many small and medium sized companies.
4. Obtain experienced professionals
As the professionals are experts in accounting fields, these help to ensure relevant and updated expertise is applied to the services concerned. Then companies would access to the higher levels of service expertise in management consulting, taxation, and financial reporting and analysis etc. provided by the outsourced companies whenever needed.
5. Maintain secrecy
Owing to small office environment, it is difficult to maintain secrecy among employees especially financial and personnel information. Outsourcing can be the solution for confidentiality and lack of segregation of duties.
6. Complete work timely
Meeting deadlines is definitely an important feature of work. Through outsourcing companies can meet their deadlines and also reduce time for supervising accounting functions.
Our services include;
● Perform bookkeeping
● Prepare Income Statement and Balance Sheet
● Prepare supporting schedules for annual audit
● Generate aging report for accounts receivable and accounts payable
● Perform senior level duties as accounting manager or financial
controller on a consultant basis
● Liaison with external auditors
● Provide professional advice on accounting and financial aspects