BPO through XERO
Full Accounting Outsource Service through XERO
Our services are designed on a flexible platform enabling us to forge a strategic alliance with our client. We rely on our core competencies to ensure that we are fully geared to offer progressive, highly relevant, customized solutions and constantly provide our clients with quality deliverables at all times.
We refer to this service and it is the most value adding to Overseas clients. We are currently geared to offer under the following manner.
- Scanned supporting documents of clients should be uploded to XERO system or alternatively client may give access to their server
to download the necessary information. - On completion, relevant quality, accuracy checks and reconciliations will be performed to ensure our standards were maintained.Once work is completed and relevant checks are done, client can view all relevant financial reports via XERO system.
- The following are some of the accounting functions which can be catered to your need and statutory compliance;
- Maintaining the General Ledger, Cash books and Bank Reconciliations (Single or Multi Currency)
- Preparation of monthly / quarterly Financial Statements (including Income statement / Profit & Loss Statement, Balance sheet, Cash flow statement, Notes to the Accounts)
- Preparation of routine or ad hoc Management Reports.
- Entering of transactions into our accounting software or one provided by you.
- Preparation of VAT/GST/ Taxation schedules for tax consultant.
- Preparation of Debtors/ Creditors reconciliations and other Asset / Liability reconciliations.
Accounts Payable through XERO
Sri Lankan Clients and Overseas clients can benefit from this service.Offshore and onshore clients can outsource their accounts payable processes to IBT Consultants. This will eliminate duplication of payments and improve transactional efficiency of the invoice payment process.
- Maintain vendor details in vendor master files
- Classify invoices to the proper G/L account
- Input supplier/vendor invoices into the payable module
- Process payments to vendors based on due dates or client's instructions
- Process requests for stop payments when necessary
- Respond to vendor inquiries regarding payment status and other issues
- Retrieve copies of payments when required
- Reconcile vendor statements to accounts payable ledger
- Management reporting on detailed age analysis of payables
Our accounts payable outsourcing solutions can help you to settle your payments on time thus save all the extra cost and hassel.
Accounts Receivables through XERO
Sri Lankan Clients and Overseas clients can benefit from this service Our accounts receivable outsourcing solutions can help you to reduce your invoice settlement time by your customers and improve your overall cash flow.
- Preparation of sales invoices/bills and mailing out to clients as instructed
- Input invoices/bills into the receivable module
- Issue of credit notes/memos and refund cheques as instructed
- Management reporting on detailed age analysis of receivables
- Input client-approved adjustments to receivable system
One-off Assignments through XERO
For Sri Lankan and overseas clients (existing & start up).
Our team of professionals will assist you in sudden finance or accounting related issue you may experience due to lack of staff, capability,time & expertise you may come across your day to day business operations.We can carry out the assignment by obtaining required information via scanned documents,email attachements, courier services.
Some of the assignments where we have done for some reputed clients listed below will assist you to have better understanding of the variation of assignments
- Preparation of backlog schedules required by the auditors for the financial year ended audits
- Verification of accounting records to provide assurance confidence to clients
- Assist the management to proceed the necessary managements accounts
- Introduction of suitable accounting format and systems Reclassification of the financial statements by re classifying the chart of accounts
- Preparation of bank reconciliations
- Verification & reconciliation of Trade Debtors & Trade creditors
- Preparation of bad-debts in accordance with the accounting policies
- Preparation of the age analysis of debtors
- Preparations of fixed assets register
- Sample verification of trade inventory and check the valuation of selected items
- Preparation of VAT input & output schedules & stamp duty schedules for tax consultants
- Calculation of gratuity provision & tabulating all salary increments of employees