Back Office Operations - Payroll Services/ Accounting Services

The concept of outsourcing back office functions to an independent entity has already gained popularity. External service providers support a broad spectrum of non-strategic repetitive functions thereby releasing managerial time for core activities. Outsourcing of functions to a skilled workforce is not only service friendly, cost effective and process efficient, it also enables internal resources to focus on achieving business objectives. The service provider has an integral role in maintaining the efficiency of outsourced facilities and meeting the needs of the operating units they support.

Payroll Services

  • Advice on making investments.
  • Issuing certificate for repatriation of income / assets from India.
  • Making application to RBI for various matters including sale and purchase of residential and commercial properties.
  • Preparation of Monthly Salary Sheet.
  • Deductions as per applicable laws like Income Tax, Provident Fund, Professional Tax etc.
  • Computation and deposit of TDS, ESI, PF etc.
  • Disbursement/ Online Payment of Salary.
  • Pay slip by password protected e-mail.
  • Reimbursement of telephone, medical bills etc.
  • Issue of Form 16 to employees.
  • Periodic Reconciliation of payments/statutory deductions etc. with books of accounts.
  • Administration of gratuity, superannuation, pension schemes etc.

Accounting services

  • Accounting System Design & Implementation
  • Financial Accounting
  • Budgeting
  • Financial Reporting
  • MIS Reports
  • Financial Analysis
  • Asset Accounting Management
  • Depreciation and Amortization Schedules

Fixed Asset management

  •  End to end fixed assets management services with expert teams having relevant industry wide experiences
  • Creation of Fixed assets register from accounting source
  • Physical verification & tagging including bar coding, & RFID solutions.
  • Reconciliation of physical results with assets registers
  • Software mapping of Fixed Assets for robust control and asset tracking