• Creation of new databases and updates to existing databases
• Data entry from hard/soft copy to any database format
• Data entry from e-book and e-magazine publications on the internet
• Data entry of birth records, municipal records, town records, and other legal documents
• Data entry for product catalogues
• Data analysis/interpretation
• Insurance claim entries
• Indexing of vouchers and documents
• Online data entry for receipts/bills
• Online copy and paste of information
• Purchase order entries
• Voluminous data entry from handwritten /printed material

1. Order to Cash (O2C)

Accounts Receivable Services:

• Applying cash received to customer accounts and resolving short pays
• Entering receivable transactions into the accounting system
• Issuing of credit memos and refund cheques approved by the customer
• Maintaining subsidiary receivables ledger
• Preparing and delivering periodic statements
• Preparing accounts receivables reports
• Record and account for revenue

2. Procure to Payment (P2P)

Accounts Payable Services:

• Audit and reconciliation of scanned Invoices & documenting audit trail
• Batch preparation
• Entering payable transactions into the accounting system
• Indexing
• Matching invoices with purchase orders
• Manual and automated data entry
• Preparation of monthly accounts payable ledgers
• Receiving and processing incoming mails

3. Fixed Asset Accounting:

• Accounting for retirement and scrapping of assets
• Arranging assets-location wise, department wise, cost centre wise, block-wise, and category wise
• Calculating the depreciation based on specific depreciation rates and methods
• Creating various reports like a fixed asset register, fixed asset schedule, depreciation calculation report, depreciation comparison report, etc.
• Coming up with accurate capital expenditure projections based on past asset depreciation and new capital improvement plans
• Preparing journal entries like expensing of fixed assets, depreciation values, asset purchase/sale information, and write-offs of old or completely depreciated assets
• Providing advice on write-offs & adjustments against each asset, if any
• Reconciling fixed assets and other related sub-ledgers with the general ledger
• Reviewing of fixed asset invoices to evaluate expense versus capitalization
• Updating asset details like asset code/class, asset type, purchase information, asset description, etc
• Updating the non-current asset register with new asset additions and write-offs

4. Record to Report (R2R)

General Ledger Close and Month End Reporting:

• Approving all journal entries
• Entering journal entry transactions into general ledgers following standard accounting practices
• Ensuring that a record of all journal entries to the general ledger is maintained
• Closing the general ledger (GL) for the month once AR, AP and other direct entries are made to the GL and attaching supporting documentation and reconciliation statements, if required
• Performing reconciliation of all capital and revenue accounts of GL on year to year basis after GL gets closed for the month and doing the variance analysis
• Monthly trial balance analysis for analysing the month on month variances on GL accounts
• Preparation of ageing report
• Preparation of service level agreement (SLA) for the process/activities outsourced
• Report Preparation
  • Preparing Monthly Income Statement
  • Preparing Monthly Cash Flow Statement
  • Preparing different Monthly Reports viz Bank Reconciliation Reports, Cash Reports etc and circulate the same to Clients
  • Preparing Report which evaluates the balance sheet of the latest month with the balance sheet of the previous month. These report displays the changes in the equity, assets and liabilities and also contains analysis
• Send regular reports to management

5. Controlling (CO)

Part of Management Reporting

• Transferring of balances from Sub ledger (SL) to CO module after the SL closure
• Updating the statistical key figures (SKF) in the CO system and preparing various CO reports