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Accounting Assistance
As a small business entrepreneur, you must be pre-occupied, leaving you with very less time to maintain a record of your finances, invoice your clients, put together annual financial reports and remain on top of your taxes. You may have to prepare taxes on time, or perhaps handle your employees' payroll. This is where our small business accounting services come in handy. We incorporate professional advice and world-class customer support seamlessly with the simplicity, control and satisfaction obtained through our top-notch accounting solutions.
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of accounting services, including the following:
• General ledger & financial statement preparation
• Bookkeeping (Monthly/Quarterly/Annually)
• Bank Reconciliations
• Accounting system setup for new /existing businesses
• Personal financial statements
• GST Compliances and Audits
Compilations and Reviews
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Compilations differ from reviews and audits as they are based upon client information provided and used primarily for internal use only as no assurance is expressed. Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.
Accounts Receivables Management
In today’s business world, outsourcing accounts receivable services have become popular, as cash flow is of utmost importance in every enterprise. Typically, the business' performance becomes more predictable when collections and cash flows are timely. But companies have to ensure that they derive the maximum output from the amount they spend on managing their receivables.
Our accounts receivable management services enable our customers to effortlessly deal with key finance functions that impact cash flow, and are essential for maintaining a strong and vibrant business. Enabling our customers to increase their control on every account with consistent follow-up on outstanding invoices, and extensive reporting on account activity, our Accounts Receivable Services facilitate quicker payments and improved cash flow.
We provide a wide spectrum of accounts receivable outsourcing services to our customers with an option to outsource all or part of their accounts receivable functions to us.
Reasons for Outsourcing Accounts Receivable Management:
• Operating cost minimization
• Delinquency minimization
• Increase in recoveries and cash flow
• Unapplied credit elimination
• Bad debt reduction
Accounts Payable management
We understand that the accounts payable process is critical for maintaining good supplier relations and optimising the cost. The Accounts Payable Services provide you with the advantages of cutting edge technology and skilled personnel without having to invest in these or buying and maintaining expensive software. We provide industry best practices and compliance leading to reduced discrepancies and greater financial control.We help organisations in making timely payments whereby helping them to take benefits of early payment discounts and an increase in organisational efficiency.
We offer the following services or parts thereof:
Accounting system's updates through:
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Invoices from suppliers
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Evidence regarding services/goods receipt
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Purchase orders
Invoice Processing Services: Verification and approval of bills from suppliers, after matching with services/goods receipts and purchase orders.
Escalation or alerts for instances related to:
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Issuance of purchase orders without budget or authority
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Acceptance of services/goods by persons who are not appropriately designated
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No evidence of services/goods delivery against supplier bills
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Vendor purchase orders not matching supplier bills
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Incorrectly computed supplier bills
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Resolution of open issues through follow-up of escalations/alerts
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Updating of the system for accounts payable by processing supplier bills
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Recommendation of early payment of supplier invoices where attractive cash discounts are available
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Usage of documentary credits for 'account direct' payments on the basis of advice from your bank
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Preparation of instructions for disbursements of supplier payments due through checks or direct transfer, following treasury approval, followed by transmission for dispatch after signature
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Preparation of credit or debit notes wherever required
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Maintenance of records for accounts payable
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Preparation of vendor account statements
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Reconciliation of vendor account statements with your books
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Analysis of unbilled supplies, open PO commitments etc.
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Provision of summaries (by age, segment, etc.) of amounts you owe your vendors
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Analysis of supplier price trends and purchase history
Corporate Travel Management
Corporate travel management (CTM) is the function of managing a company’s strategic approach to travel (travel policy).An organisation requires time and specialised resources to fulfill the requirements. We say, save the time and let experts take care of your business travel costs.
We can negotiate for all your travel needs & analyse your historic travel patterns to bring down your business travel costs.
Our Professional team will help in floating the Request for Proposal (RFP), through which we invite major Travel Agencies to participate in the RFP, Negotiate and Finalise the TMC which is best suited for the company .When TMC is finanlised, the handling of company travel arrangements will be handled by the selected Travel Agency.
Our professional consultants can source the best fares based on your past travel behaviour in conjunction with your travel fulfilment partners
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Our consultants will Audit and find a solution towards saving excess spends by deriving a pattern that has been followed in your organisation’s business travel behaviour.
Benchmarking Contracts and Travel Expenses, We ensure that the contracts with suppliers and service providers are finalised on the basis of your travel requirements.
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Travel & Entertainment Expenses Audit : Travel and Entertainment expenses unarguably the second-largest operational cost for any business. These costs may be unavoidable but that does not mean they cannot be controlled or effectively managed. The solution for the same is called a T&E audit. A T&E audit gives your company the chance to save around 8% – 10% of your total annual T&E expenditure. But most of the times corporate travel bookings are so fluid and vast, these are outsourced to travel agencies. T&E audit helps you uncover hidden insights about your travel bookings.
Visit : www.travelhatke.com
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