For CPAs & accounting firms the first impressions matter a lot as they thrive on accuracy & run with tight deadlines. They follow standardized processes & effective communication is always the key for them

1. Set up client’s accounting & other processes

2. Help Client managers @ CPA firm to execute deliverables within deadlines with accuracy & consistency

3. Help the clients in setting up internal control processes & recommend improvements

4. Extensive knowledge in QB which is the preferred choice among CPA/Accounting firms

5. We come with the knowledge of US GAAPs making us suitable candidates to handle accounts

6. Real time communication & regular meetings

7. Assistance in tax preparation & review

The revenue model of the software industry is normally based on contractual setup where the payments from the clients are received based on % of the work completed. The financial aspect could become complex when it involves time tracking, advances & sub-contractors

Our Value proposition:

1. Help keep track of Receivables & payables of the project
2. Efficient time tracking & co-ordination with project managers to get approvals for billing the time
3. Invoicing on timely basis, calculated on % of completion& adjustment of advances
4. Cash flow management to ensure project doesn’t run out of funds
5. Ensuring payment to sub-contractors are not released until the client pays
6. Reporting on Aging & follow up for payments
7. Day to day bookkeeping & recons
8. Monthly financials & business analytics

The revenue model may involve commission income on the sales of product or service. Though it could take form of different models, tracking & accounting for commission receivable could become a challenge when it is receivable from the carrier & not the ultimate customer whom the product is sold to

Our Value proposition:

1. Reports on Cash collections made from the customers, their recon with POS & reporting variances
2. Tracking & Accounting of commission receivable & their recon with the bank deposits
3. Tracking & Accounting of commission payable where sub-dealer is involved
4. A/P Accounting & management
5. Commission tracking Analysis where different types of commissions are involved
6. Recon of Commission tracking software’s data with carrier’s data

With product based business, creating & using inventory items & their assemblies in the accounting software with correct COA becomes important to enable accurate reporting. Further, cash recons & inventory recons play critical role in preventing any misappropriations

Our Value proposition:

1. Cash/credit card collections vs. bank deposits recon & reporting variances
2. Inventory recon & reporting
3. Vendor recon (i.e. Bills vs. Inventory) & payments
4. Dashboards highlighting performance across stores, products, segments & periods using KPIs
5. Financial reporting, budgeting, & projections
6. AR Accounting & management
7. Streamlining the processes & review of controls/Approvals to ensure prevention of fraud etc

Restaurant’s revenue model includes income from both product & service and also uses online platforms to receive orders directly or through aggregators. The major challenge being Inventory & cash Flow

Our Value proposition:

1. Cash/credit card collections vs. bank deposits recon & reporting variances
2. Orders & Collections recon from Online aggregators (Grub hub etc.)
3. cash flow Analysis & projections
4. Gift cards Recons
5. House account Invoicing & recon
6. AR & AP management
7. Daily Dashboards highlighting performance across stores, products, segments & periods using KPIs
8. inventory recons

The franchise model involves the right of the franchisee to use the product/name of franchiser for a royalty fee. Here the franchisee uses the POS provided the franchiser which automatically calculates the royalty payable by the franchisee

Our Value proposition:

1. Monthly/13 period financials in the standard format provided by the franchiser
2. Booking POS entries by compiling various reports from the POS
3. Day to day bookkeeping of other transactions

Being a capital intensive industry, offers a good scope for outsourcing not only bookkeeping & finance but also for other processes like AR & AP management. Also, Budgeting & working capital management plays a prominent role in the industry & ensures that the business has enough funds to run the show in the short run & will have enough capital to expand in the long run. Also, the business requires robust inventory policy to ensure the business procures sufficient stock & keeps it at optimal levels all times to smoothly run daily operations sourced from most economic channels & gets rid of inventory that is slow moving & unproductive.

Our Value proposition:Some of the Solutions that we have been providing other than regular accounting functions:

1. Sales order processing
   1. Creating & Updating Customer master lists
   2. Updating Price lists
   3. Sending quotations & creating sales Orders
   4. Packing slip & invoicing
2. AR Management
   1. Setting up credit limits based on credit history
   2. receiving payments & applying against invoices
   3. Issuing credit memos
   4. Reporting on Aging
   5. Follow up on Payments
3. Inventory management
   1. Creating of items in the accounting software & creating assemblies
   2. Online submission of samples to FDA
   3. Inventory recon of Bills with Inventory received from vendors
   4. Inventory recon of POS inventory VS Physical Inventory Count
   5. Review of Inventory policies to ensure optimal inventory is being maintained & slow Moving/Unproductive inventory is eliminated
   6. Reporting on Inventory Adjustments
   7. Recon of RMAs against Credit memos
4. AP Management
   1. Creating & Updating vendor master lists
   2. Creating purchase orders based on requisition from the inventory department
   3. Receiving inventory in Accounting software & entering bills against them
   4. Entering Utility, rent & other service bills from the vendor portals
   5. Generating report on bills due each payment cycle
   6. Making payment on approval
   7. Employee expense reimbursements per policy
5. Cash Flow management
   1. Weekly cash flow projections for the upcoming month highlighting
   2. Setting up Budgets for the departments based on above projections & monitoring
6. Reporting & Analysis:
   1. Monthly financials (Company wide)
   2. Monthly financials (Store-wise)
   3. Monthly cash flow analysis
   4. Monthly reporting analysis
   5. Daily & weekly dashboards highlighting performance of company/store/product on KPIs

It is considered to be high risk given the legal status of the industry. They operate both in grow & retail segments. As regular banking channels are reluctant to open their doors for this industry, the business has no other option but to resort to cash-intensive transactions making it very complex & unorganized sector. Spreadsheets are used to maintain cash records increasing the scope for misappropriations.

Most businesses in this industry resort to outsourcing as they take bookkeeping seriously only when business grows & when they find it difficult to manage their finances. Their existing systems lack defined processes having a lot to catch up on the bookkeeping side of the things

We have been working closely with many businesses in this industry & have offered the following services:

Our Value Proposition: “Retail model” & Where the POS is not maintained:

1. Starting books from the scratch by compiling manual reports & making connections between the data
2. Manual cash Log review & their recon with the bank statements to identify any discrepancies
3. Where the books are already being maintained, review the transactions & fix them to match with the underlying records MOM basis
4. Inventory Variance reporting across Inventory Items on Weekly & Monthly basis
5. Weekly GP reporting across inventory items
6. Commission calculation & Payment
7. Coupon Tracking & reporting policy anomalies
8. Review processes for accounting & Inventory and recommend changes
9. Competitor Product comparison
10. Weekly NP calculation using Net Asset Method
11. Monthly Financials & cash Flow for the management
12. Daily Dashboards highlighting performance across products, categories, periods, orders using KPIs
13. Petty cash Logs recon across petty cash Holders including Inter-petty cash transactions

“Grow Model” & Where the POS is maintained:

1. WIP calculations & accounting at the month end
2. Reconciling POS report with the cash Log & report any discrepancies
3. Starting books from the scratch by compiling POS reports & other reports & making connections between the data
4. vendor recons (Bills vs. Inventory)
5. Setting up the AP process
6. Intercompany transactions & their reconciliations
7. Day to day accounting

Construction businesses continuously engage in different projects & run them simultaneously requiring a lot of co-ordination & control from the finance department. These projects are guided by deadlines & need to be managed as independent units taking care of their cash flow needs & billing.

Our Value Proposition:

1. Day to day accounting
2. Project Budgeting & monitoring
3. Working capital Management
4. Job Costing for time & expenses per the contract
5. Creating of Inventory Items or Assembly & assigning COA
6. Invoicing at regular intervals per the contract (% completion)
7. Allocation of overheads to the project based on Project cost/Accounting Policy
8. Job Profitability reports to the management at regular intervals
9. AP & AR management and follow ups
10. Payroll processing

“Not for Profit organizations” are unique in terms of their accounting requirements as they are not set up for profit and most of their revenue is generated through Donations, grants & subscriptions

Accounting for donations/Grants could become tricky as it requires proper classification of donations as general & specific. Where it is meant for specific purpose, it becomes necessary to track them individually & ensuring that they are spent conforming to the rules set up for spending

Accrual system of accounting becomes necessary for accounting for the subscriptions as “due” or “received in advance” & Life time membership fees as “received in advance” so the income is booked using the “Matching” concept

Our Value Proposition:

1. Cash or Accrual system of Accounting
2. Setting up of the Chart of accounts specific to the organization
3. Proper classification of income, expenses, assets & liabilities
4. Tracking & managing of receivables & Payables
5. Tracking the specific donations/Grants separately
6. Updating the books with Banking/credit card transactions
7. Processing payroll
8. Financial reporting – Income statement, Balance sheet & Cash Flow
9. Tracking of expense reimbursements
10. Maintaining inventory where the organization is into selling products
11. Financial Projections & Drafting Fund raising Plan

Transport industry considered to be the indicator of the health of the economy. The growth in the sector would indicate the healthy state of the businesses in other sectors. The performance of the operators in the industry is largely dependent on their choice about the markets they decide to play, city they run in & route they operate on. Being in highly competitive & capital-intensive industry, the only way to make money & survive in this industry is by offering competitive & timely services while keeping a tight noose on the running costs. Airline, bus, Freight forwrding, Postal/courier, rail, shipping, trucking & contract logistics are the industries that are active in this sector

Our Value Proposition:

1. Day to day bookkeeping
2. As the business needs to operate at full capacity (People/goods) to sustain, regular reporting on traffic by route
3. Reporting on high/low performing & most/low economic route &
4. Monthly financials & analysis by route
5. Transport costing & budgeting
   Cash flow projections & working capital management

Health Care
Health care industry amounts to one sixth of US GDP & largest source of public expenditure. Per IMA the finance & accounting professionals in this industry are expected to deliver ideas to help control and balance efficiency & quality. Insurance Providers play a key role here as insurance covered payments are significantly higher & improper documentation & billing would mean rejection of claims & loss of revenue for the health care facilities

Our Value Proposition:

1. Review/Devise & implement enhanced internal controls as the industry is prone to fraudulent practices & abuses
2. Efficient Data Mining practices & business analytics to monitor performance
3. Review/establish billing & documenting procedures to ensure insurance related issues are taken care of
4. Monthly financials & Financial analysis highlighting key KPIs (e.g. % of beds occupied/Average Age of plant/Average AR days)
5. Budgeting & working capital management
6. Day to day bookkeeping & compliances
7. AR & AP management
8. Inventory management & recon

CPG & Supermarkets operate in a highly competitive industry, on super thin margins and characterized by rapid turnover of inventory. Hence Volume takes a prominent role. Also, it is critical for them to decide what occupies their shelves that would contribute to their margins.

Our Value Proposition:
Day to day bookkeeping from reports generated from POS
Processing of transactions other than from POS
Business Analytics like Order size analysis, Sales per counter etc.
AP management
Recon of POS collections with Bank
Monthly financials with analysis on KPIs
Cash Flow Management
Budgeting & financial Projections
Review /devising internal control procedures & their implementation

Individuals like Sole proprietors and independent contractors typically have limited range in terms of the markets they target & workforce they employ They tend to emphasize less on the finance function due to its cost & could be less organized. Many wouldn’t be serious about record keeping until its tax time & find themselves stressing about the tax filing. Using the outsourced finance service will help them to be more organised as far as recordkeeping is concerned & be tax-ready

Our Value Proposition:

1. Record Keeping, Day to day bookkeeping & compliances
2. Reconciliations
3. Budgets & Cash Flow Projections
4. Monthly financials with analysis
5. Setting up of the accounting processes & internal controls
6. AR & AP management

Distributors are characterized by large inventories & heavy capital requirement. They typically rely on internal controls to safeguard their assets & improve efficiency in the processes

Our Value Proposition:

1. Review/Set up the existing/new controls & processes to make then foolproof & efficient
2. Day to day bookkeeping, reconciliations and compliance
3. Vendor & Inventory recons
4. AR & AP management
5. Monthly financials & analysis
6. cash flow analysis & projections
7. Setting up & monitoring budgets & comparison with actuals
   Payroll processing

Under SAAS business model, a piece of software is hosted on a cloud infrastructure & subscribers pay a monthly fee to get access to the software. The subscriber just has to log into their account & they get full access. SAAS business solutions help their customers who don’t want to invest huge capital in building IT infrastructure. Sales Force & Zen desk are prominent among the successful business models in this industry

While monthly recurring revenue looks attractive, SAAS business need to invest huge in the beginning as they need to Hire good developers, Programmers & UI designers to build a worthwhile product which is efficient & user Friendly

Once the product in on the market, the business needs to continually reinvest the profits to establish stable growth and counter competition through innovation.

Further needs to expand its data capabilities, security, storage & mange the maintenance requirements

Our Value Proposition:

1. As different businesss models are in play in the industry, recognition of Revenue & cost needs to be done appropriately. While Customer specific solutions require recognition to be done over the life of the contract, mothly contracts require recognition on monthly basis. We help with recognition with our day to day bookkeeping & reconciliations
2. Budgeting & financial Projections
3. AR & AP management
4. Payroll Processing & reconciliations
5. Periodical Financials & Analysis

Real estate industry may take the form of different business models like:

• Investment trust management
• Real estate management for the clients
• Co-operative/Housing association
• Real estate agency
• Construction business
• Residential sales
  Among these, real estate investment firms majorly follow three business models:

   

  1. Developing and holding the land: Here the business develops the land, does the construction, leases-up & holds as asset which generates regular income in the form of lease payments
  2. Developing & leasing the land: Here the business develops the land, combines with utilities & other amenities, leases either the entire land or breaks it into individual sites & leases them
  3. Developing, leasing & selling the land: Here the business develops the land, does the construction, leases majority of the sites & sells the property. The developers pays off his outstanding debts & liabilities & gets an exit with a decent surplus
     Our value proposition:

      

     1. Day to day bookkeeping by property & reconciliations
     2. Appropriate revenue recognition
     3. AR & AP management including utility bills/Insurance etc
     4. Mortgage loan reconciliation with the payments from rent management company
     5. Escrow account reconciliations
     6. Periodical financials: companywide & by property & financial analysis
     7. Budgeting & cash flow statements/projections
     8. Review of accounting policies & recommendations
     9. Intercompany allocation & reconciliation where the investment firm & rent management company are under the same management
     10. Payroll processing & reconciliation

The demand for childcare center typically comes from rising inflation where the family relies on both the parents earning. The businesses working in this segment try to focus on quality, safety, health, learning, food & nutrition, Play area as their value proposition. The revenue streams include baby monitoring, chidren’s parties, nanny delivery, videography, album making, baby products while costs include hiring qualified teachers & support staff, leasing, toys, palyground, IT infra & security, website development, promotion & advertising

Our value proposition :
We take care of your books enabling you to focus on children’s needs

1. Day to day bookkeeeping & reconciliations
2. Budgeting & financial projections
3. AR & AP management
4. Payroll processing & reconciliations
5. Periodical financials & analysis