Accurate and quality accounting is the backbone of any business. To keep business managers/individuals free from hustles of maintenance of books, we are here for you by providing cost-effective and efficient services.
∙ By partnering with us, you will get following services:
‣ Verifying and recording vendor’s invoices along with stock inward entries, if any,
‣ Recording revenue and other income transactions along with stock outward entries, if any,
‣ Verifying and recording of expenses,
‣ Bank Reconciliations,
‣ Regular checking and reconciliation of all accounts,
‣ Periodic review of all ledgers,
‣ Sharing of query sheets on a periodic basis and taking formal follow ups,
‣ Finalizations of Books of Accounts for preparation of tax returns.
‣ Prepare MIS reports monthly, consisting of variance analysis, pricing analysis, ratio analysis, etc.Â
‣ Assistance in decision-making by providing quarterly/annual financial reports with in-depth and critical insights regarding financial analysis & various business KPIs.
‣ Revenue leakages identification.
‣ Timely preparation of documents & reports which must be submitted to the banks & government authorities concerning loans & compliances (E.g., Quarterly Submission of Stock and debtors schedule to bank concerning working capital loan taken).
Accounts Receivable Management
∙ Efficient management of the working capital cycle and timely collection of customer receivables are essential for the success of any business. By partnering with us, you can save valuable time and focus on growing your business.
∙ By availing of our Accounts Receivable services, you will benefit from:
‣ Managing customer billing to ensure faster processing of invoices, leading to increased cash flow.
‣ Periodic review of credit terms, comparative analysis with industry peers, and evaluation of opportunity costs and debtor turnover ratios.
‣ Preparing customer ageing reports by categorizing overdue receivables into specific buckets for better monitoring and minimizing bad debt risks.
‣ Implementing a formal follow-up process for aged receivables and sending timely reminders to customers.
‣ Developing incentive and discount policies to speed up collections through cost-benefit analysis.
‣ Recommending provisions for doubtful debts.
‣ Requesting periodic balance confirmations from customers to reconcile outstanding balances.
Accounts Payable Management
∙ Building strong vendor relationships and maintaining a positive market reputation requires an efficient accounts payable management system. We help you streamline your vendor pay cycle and ensure compliance with financial obligations.
∙ By availing of our Accounts Payable services, you will benefit from:
‣ Verifying and processing purchase orders while managing vendor billing.
‣ Monitoring vendor payment agreements to identify and leverage cost-saving discounts through proper analysis.
‣ Ensuring timely payment of statutory dues as per government deadlines.
‣ Reconciling payable reports monthly to confirm the accuracy of all payments.
‣ Tracking credits owed to the company and ensuring proper application to vendor payments.
‣ Preparing accounts payable ageing reports for better monitoring and planning.
‣ Requesting periodic balance confirmations from vendors to reconcile outstanding balances.
A smooth and successful transition from one software to another is critical for minimizing disruptions to your business operations. Our software transition management services ensure a seamless process tailored to your needs.
∙ By partnering with us, you will benefit from the following services:
‣ Assisting in the selection and evaluation of new software that best aligns with your business requirements.
‣ Developing a comprehensive transition plan with clear steps, timelines, milestones, and key performance indicators (KPIs).
‣ Providing support for data migration to ensure all account balances are accurately transferred without errors.
‣ Offering training and support to your team to enable effective use of the new software.
‣ Monitoring the entire transition process and evaluating the new software’s performance to ensure it meets your expectations.
Whether you need short-term support or permanent staffing for your accounting department, Kingston Global KPO offers flexible and cost-effective solutions. Our team of skilled accounting professionals is ready to assist your in-house team during peak workloads, staff shortages, or special projects, ensuring seamless operations.
∙ By partnering with us, you will gain access to:
‣ A talented pool of accounting professionals to meet your staffing needs, whether temporary or permanent.
‣ Scalable solutions tailored to support your team during critical periods like peak workloads or special projects.
Payroll Management Solutions
Managing payroll is a time-consuming task that requires precision and a thorough understanding of applicable laws. As your outsourcing partner, we provide cost-effective and efficient payroll solutions to streamline your processes.
∙ Our payroll management services include:
‣ Weekly or monthly payroll processing.
‣ Payslip creation and distribution.
‣ Headcount reconciliation for accurate payroll reporting.
‣ Ensuring compliance with relevant laws and regulations for worry-free payroll management.
