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- Outsourcing of Accounting : System Work flow facilitates
- Offshore Customers : Specific Requirements
- Processes leverage :Experience of 200 man years
- Improvements over 8 years
- Flexibility addresses needs of disparate enterprises
- Current Assignments- Indian Companies
- Software Development Co., US parent
- Software Services Co., Indian parent
- Chemical Process Development Co., Singapore parent
- Hotel Marketing Co., Sri Lankan parent
- 2 Palm Oil Processing Co’s., Indonesia
- Assignment under negotiations
- Direct Marketing Co., Indian German JV
- Stabilised Projects handed back to Clients / Closed Assignments - Indian companies
- Liaison Office of a Publishing Co., UK parent
- Branch Marketing Hand-phones, Israeli parent
- Branch Marketing Hand-phones, Israeli parent
- Mutual Fund Investing in Art, Indian AMC
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Accounting & Financial Reporting System to be set-up
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Day-to-day implementation of the Systems
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Invoicing to Customers / Parent
– Cost Plus basis
– Allocation of development cost on product centric basis
- Books of Account maintained:
– As per Indian / US GAAP
– In Client Specified Accounting Software
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Payroll for Full time & Contract Staff
- Social Security and Professional tax compliances
- Daily / Weekly / Monthly Reports and Analysis
- Meeting quarterly audit compliances for US and Indian Co’s.
- Preparation & Filings under Indian Income tax law
- Withholding tax compliances
- Compliances of corporate laws
- Regulatory filings
- Employees and Vendors
– Collating relevant data
– Addressing Enterprise issues
- Storage and Archiving
– Collection & filing of documentation
– Back up systems and hard copy print
- Communication
– Email based data exchange
– Personal Meetings
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- RAAS – Appointed by Parent Company
- RAAS – Sets up / implements Accounting / Financial Reporting Systems
- RAAS – Creates Client specified Accounting Software for maintaining Books of Account
- RAAS provides
– Bank balance – Daily
– Payroll, Budgeting , Ratio Analysis – Monthly
– Trial Balance, Profit & Loss, Balance Sheet – Monthly
- RAAS deals with external agencies / regulatory
- RAAS deals with Internal and External Auditors
- RAAS attends compliances of VAT, Social Security, Withholding tax
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