Acc Tax Consulting LLP

our dedicated services

Accounts Payable

01

VHD Services

Receipting of Invoices Verification of Invoices (Primary)
Coordination for PO amendment
Scanning of Invoices
Entry in WFM
Rejection Resolving (User level)
Vendor Query Management
Ticketing Mechanism
Vendor Communication Point

02

AP Transaction Processing

Verification of Invoices (Secondary) – Processing Checks
Entry in SAP / Oracle (Parking) - 2/3way matching
Validation of Invoices (Posting)
TDS/WCT attachments
Payment run for all type of invoices in the ERP system
Cheque Printing/Cheque Dispatch

03

Reconciliations

Vendor Account Reconciliation
Employee Account Reconciliation
Bank Reconciliation Statement

04

Month Close Reporting & Controllership

Preparation of month end schedules
Reconciliation between sub ledger and ledger
De-Duplication audits
Preparation of month end accruals/prepaid expenses charge off
Inter Company and inter circle reconciliation
Reporting Packs
Audit support as & when required

05

Records Management

Management of Hard Copies of Invoices (Pre Approval)
Management of Hard Copies of Invoices (Post Approval)

Accounts Receivable

01

Billing to Customer

Receipting of Input through OM Module or Manual
Verification of Manual Input
Application of relevant taxes in Invoices
Raising bill on Customer
Debit / Credit Note generation
Printing of Bills
Dispatch of bills
Acknowledgement from Customer

02

Invoice Entry

Running of Auto Invoice Program
Entry of Manual Sales Invoices
Entry of Debit and Credit Notes

03

Collection Entry

Collection entry of Cheque / DD / RTGS/ Fund Transfer
Advance / On account collection
Reversal of collection entry on Cheque return
Entry of TDS Certificates received
Invoice application against fund received

04

Reconciliation

Receipt of SOA from Customer
Customer Account Reconciliations

GL Accounting & Reporting

Maintain Books of Account as per Country specific GAAP
Bank Account reconciliation on monthly basis
Monthly expense accruals working and booking in Books of Account
Reconciliation of Books of Account on monthly basis
Preparation of Monthly Balance Sheet Schedules
Providing monthly Profit and loss account.
Coordination with Auditors (Internal, Statutory etc.) once per year
MIS and Reporting as per requirement of Management on periodical basis

FA Capitalization

Process

Creation of location Ids in sync with client
CWIP (Capital work-in-progress) analysis to initiate capitalization process
Provisional Capitalization (in cases where information is not available in SAP)
Capitalization process for a particular month would be completed on a pre-decided date in subsequent month
Inter circle asset transfer activity based on receipt of information

Deliverables

Circle wise detail of different assets capitalized during a particular month and amount capitalized on pre-decided date
Break-up of different assets lying in CWIP at the end of a particular month on a pre-decided date
CWIP Ageing Report on monthly basis
Quarterly assets transferred in/transferred out report with updated Gross Block and Accumulated Depreciation
Fixed Assets Register (FAR)
Depreciation schedule
FA reporting