ACCOUNTING SERVICES

Invoicing and Accounts Receivable:

• Customer contracts
• Invoicing
• Service terms
• Tax leviable
• Credit period
• Receipting
• Itemization set off
• Customer Statements & Reconciliations
• Customer query support
• Accounts Receivable reports
• Age analysis
• Collection forecast
• Provisions
• Reconciliation with Inventory outflow
• Reconciliation with GL

Accounting and payment of supplier bills:

• Vendors database
• Orders database
• Supplier invoices
• 3 way matching
• Tax claims
• Credit period
• Error handling
• Payments
• Itemisation set off
• Vendor statements & Reconciliations
• Accounts Payable reports
• Payment forecasts
• Vendor queries
• Reconciliation with Inventory Inflow
• Reconciliation with GL

Payroll:

• Employees database
• Time accounting
• Performance measurement
• Pay/Incentive computation
• Benefits administration
• Deductions administration
• Payroll validation
• Pay slips
• Disbursements/holds
• Tax certificates (W2)
• Departure settlements
• Stock compensation administration
• Accounting
• Compliance with law

Employee claims:

• Entitlements Policy
• Administration of Self service system
• Claims
• Preparation
• Validation
• Authentication
• Approval
• Disbursements
• Error handling
• Employee statements
• Employee queries
• Accounting

Inventory:

• Stock items database
• Supplier performance
• Stock arrivals
• Stock departures
• Valuation of arrivals
• Valuation of production
• Valuation of issues
• Stock verification
• Taxes (Claim of input credits and levy on output)
• Administration (Bill of materials, standard costs)
• Reconciliation with GL

Assets:

• Capital expenditure budget
• Tracking progress
• Capitalization & inventory
• Depreciation accounting
• Current cost accounting (where necessary)
• Location/transfer administration
• Physical verification
• Claims on taxes paid
• Claims of tax concessions
• Periodic physical verification

Cash and Bank:

• Accounting Receipts
• Direct credits
• Checks
• Card payments
• Funneling funds to Central accounts
• Accounting Payments
• Direct transfers
• Checks
• Card payments
• Direct debits
• Dynamic Real time Bank reconciliation
• Cash flow summary
• Cash flow forecasts
• Short term funds management
• Tracking old unpaid invoices

General Ledger:

• Process inputs
• From subsystems
• Direct updates
• Review/reconcile balances
• Review GAAP compliance
• End of period routines
• Revenue recognition
• Comprehensiveness of costs/provisions
• Translations
• Extraction of Trial Balance
• Financial statements
• For internal use
• For external use
• Traction vs plan
• Audit liaison
• Statutory filings

Treasury/funding:

• Control over working capital
• Accounts Receivable
• Credit policy
• Credit rating
• Security administration
• Overdue debts review
• Collections
• Accounts Payable
• Credit policy
• Supplier rating
• Supplier performance review
• Efficient use of credit terms