Approach
HOW IT WORKS
Broad approach for launching outsourcing process
Requirement Study-RFP
- Requirement gathering and Gap Analysis
- Key Parameters of Business Model
- Different Unique Requirements
- Compliance Check-list
Standardization
- Standard Process flow
- SOP Manual
- Role-based Model
- Checks and Balances
- Verification levels
- Audit visibility
- COA- Charts of Accounts
Solutions
- Cost/Category/Profit Centre
- Analytical MIS- Key Parameters
- On-time Reporting, Compliances and Annual Filings
- Cash Flow Monitoring
Technology
- Accounting-Software’s
- Peachtree
- Quick books
- NetSuite
- Tally ERP-9
- Application-Cloud based, SAS, Standalone
- Storage-Cloud based/Server back-up
- Dropbox/Google Drive
Based on the Requirement study Netsourcing along with Client will firm up
- Purchases / use of the type of Accounting software and technology
- SOP (Standard Operating Practice) , Accounting Manuals , COA (Charts of Accounts)
- Work flow along with Rights , Roles and Responsibilities
- Creation of Standard MIS , Key Parameters and Financial reporting formats
How long does it take to setup outsourced accounting services?
- Depending on the condition of your books, it takes as little as two weeks to setup your accounting services. If your books are not written till current date, then our accountant will need to organize them before we can proceed with your day-to-day work.
