|
Our Financial Accounting BPO is handled by a team well trained and experienced in field of U.S. accounting regulations & tax laws. All our BPO activities are supervised by a team comprising Certified Public Accountants, Chartered Accountants and Management experts.
Our BPO wing apart from data entry operations, provide user friendly reports on periodic basis to facilitate the decision making process of our clients. Our efforts and support helps the clients to effectively reduce the man power costs involved in the process of maintaining the books and preparation of necessary statements.
Our division handles
- General Ledger maintenance
- Accounts Reconciliation & analysis
- Bank Reconciliation & analysis
- Monitoring & Maintenance of Receivables and Payables
- Payroll processing
- Employee expense reporting and Time tracking
- Tax returns for companies and individuals
- Cash & Fund Flow Management
- Budgeting and Planning
- Asset Management and Registers for Depreciation calculations
- Ratio Analysis
- Month, Quarter & Year end financial statements
- Periodic generation of MIS Reports
BOOK KEEPING SERVICES
We play the role of a bookkeeper for our clients. We collect the necessary data from the client and organize it on periodic basis.
Our activities involve
- Regular maintenance of clients’ accounting books
- Review, Suggest & Implement the best bookkeeping systems
- Accounting Vendor invoices
- Regular invoices to the Customers
- Balancing ledgers and checkbooks
- Run financial statements monthly, quarterly or yearly
- Report creation and generation
- Keep track on Inventory & expenses
- Tune the services to the clients’ needs
- Word processing, bulk mailing & data entry as per requirements
PAY ROLL ACCOUNTING
CTC’s payroll accounting division works in tune with the payroll activities of our clients and handles all the necessary operations involved to generate and maintain the payroll.
Our team
- Periodically generates the payroll for the clients’ employees & consultants
- Works in unison with Payroll Agencies like ADP
- Prepares payroll records of state and federal withholding reports
- Maintain constant track of payroll information
- Coordinates with consultants and employees for their timesheets
- Tracks the expenses & overheads on employees
TAX ACCOUNTING
Our Tax accounting services involve
- Assist in tax preparation & planning
- Tracks changes in tax laws and regulations
- Quarterly preparation of necessary returns
- Yearly tax report preparation & filing including Form W-2 & Schedule-H
- Compensation consultation in regards to employee withholdings & employer contributions
- Necessary registrations for Federal and State employment accounts
- Fresh Hire Reporting, as required by state law
- IRA and other qualified plan assets
- Get the Tax Forms necessary to the client
- 100% Safe access to prior year income tax returns
Our Tax preparation procedures
- Organize Federal & State Income Tax Returns Online
- E-file State Returns With Federal Tax Returns
REVENUE ACCOUNTING
Our team closely monitors and scrutinizes the entire outsourced financial accounting activities to us. This service is to act at the right point of time to ensure the maximization of the financial inflows to our clients and minimization of overheads.
Our revenue accounting services include:
- Coordinating & handling accounts receivable and payable
- Reconcile Bank statements
- Reconcile all cash outflows and inflows
- Write Checks
- Perform periodic Audit checks
- Analyze the financial statements
- Implement inventory tracking and costing systems
- Undertake write-ups for small & medium new business firms
MIS REPORTS
Our core competency in this BPO operation is through our report generation. We identify the needs & requirements of our clients and design a customized service to generate reports.
We strongly believe that a decision has to be taken at the right point of time. We facilitate our clients’ decision making by providing a clear cut understanding of different activities through our MIS reports.
Various MIS reports we generate and maintain periodically as per clients’ requirements are:
- Income Statement
- Accounts Aging Analysis
- Receivables & Payables statement
- Cash & Funds flow statement
- Balance Sheet
- Profit & Loss Statement
- Expense Analysis
- Payroll Transactions
- Reconciliation Reports
- Customized Reports
CLIENT BENEFITS
We go by the renowned quote “STITCH IN TIME SAVES NINE”. Outsourcing the non-core operations to CTC, we facilitate more time to the management of our clients. This enables them to concentrate more on their revenue maximization.
Benefits of outsourcing the activity to us results in:
- Off-loading non-core operations
- Enhancing efficiency by freeing resources
- Effectively reduce man power and operating costs
- Saving training costs
- Eliminating Capital expenses involved
What we expect OUR CLIENTS to do?
- Responsibly provide complete, accurate, and correct data on timely basis to our office
- Review the bank statements arriving from the bank at the end of every month
- Scrutinize and ascertain all the check disbursements including cash receipts, deposits and all credit card transactions
|
