Financial organizations around the world are effected tremendously owing to the volatile and uncertain businesses. Regulatory organizations and socio-political environments are urging them to become more sustainable and predictable. In addition, in order to achieve financial stability, these organizations are required to work on a system that helps them to improve processes. So, Finance and Accounting Outsourcing (FAO) service becomes the call of the hour.
More than 60% of global players are outsourcing to India. In fact, it has now become the norm to outsource finance and accounting functions too. At KTRIAN, we offer FAO services that assist EAs, CPAs and accounting firms to gain access to well qualified accounting staff at a reduced cost, while also helping them to drive their core business forward.
We take over those mundane, routine tasks of tax return work, ledger review, accounting and bookkeeping. Such services help CPAs, EAs and accounting organizations to generate higher revenue. Our payroll outsourcing services assist you in becoming more productive and in turn you will save large sums of money.
Why choose FAO services?
Accounting and Bookkeeping Outsourcing: When you outsource your accounting and bookkeeping, you will be able to pay more emphasis on those areas that bring in more profits, such as, consulting and acquiring clients, and offering tax support. A named contact who will be appointed to you will work on the accounts production and keep you updated. All you need to do is simply send us the bookkeeping data of your clients. You may do so either electronically or by scanning. We will work towards producing accounts that you can present to your clients.
Ledger Review Outsourcing : With the help of our ledger review outsourcing service, you will be able to focus on improving your company’s service by providing better reporting for your esteemed customers.
Payroll Outsourcing: For those companies who do not want to process payroll themselves, our payroll outsourcing is the best solution. We input details of an employee in the software, produce payroll checks and thereafter direct salary deposits to the bank accounts of the employees. Outsourcing your payroll services can reduce almost 50% of your operating costs.
Sales Tax Outsourcing: When you use our sales tax outsourcing service, you will be able to avail an effective way for accountancy practices that meets with compliance obligations in numerous jurisdictions.
Business and Income TAX Outsourcing: KTRIAN offers CPAs a complete taxation service. This helps organizations to focus on simply reviewing sets of work papers which are arranged, indexed and interpreted, while leaving the monotonous tasks of data entry and organizing files to us. In addition, we can organize compliant returns, while you can freely ask your in-house staff to pay more emphasis on return reviewing, and training and consulting.
Prime Benefits of FAO services?
Transformation: As EAs, CPAs and accounting firms you are looking for cost reduction methods and a change in the way business processes are delivered. Your needs include an efficient process, sustainable costs, more control and growth. As an FAO vendor, KTRIAN services drive end-to-end value.
Automation and Technology: As electronic checks and automation are hard coded, the chances of fraud in the FAO process are drastically reduced.