Datassured: Offshore Outsourcing and IT Services

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Finance & Accouinting:

Finance and accounting outsourcing typically involves managing procedure-driven functions such as accounts payable, general ledger, fixed assets, accounts receivable, billing, payroll, and benefits administration, among others. A detailed breakdown of each function is provided below.

Accounts Receivable

Accounts Payable

Bank advice clearance

Client billing

Suspense clearance

Encoding errors

Client settlement

Cash application and allocation

Credit balance refunds

Payment research

Third-party settlement

Book keeping

Journal entries

Cash and bank payment entries

Credit card accounting entries

Statutory dues

Reporting and Analysis

Accounts Reconciliation

Statutory reporting

Financial statement analysis

General ledger

Third-party settlement

Assets and liabilities

Branch accounting

Payroll Processing

   Statutory reporting
   General ledger posting report
   Quarterly local tax return
   Quarterly state unemployment tax return
   Next day processing
   Form 941 federal tax return
   W-2 forms for all employees
   W-2 state withholding recap
   W-3 federal withholding recap
   Year-end local tax reconciliation
   Form 940 federal unemployment tax return