Other Related Services

Business Analysis

Asset Valuation, Project Report, Balance Sheet Analysis, Budgeting

Management Information System (MIS)

• Preparation of aging of receivables on regular intervals
• List of accounts payable
• Gross profit analysis
• Fund flow and Cash flow statements
• Analysis of different accounting ratios

Bank and Credit Card Reconciliation

Bank Reconciliation Services

Bank reconciliation means comparing the account balance entered in your records with the balance appearing in the Bank's records, and being able to explain any discrepancy. Any difference in balances is often due to a delay from when the transaction is entered in your records and when that transaction shows up in your Bank's records, e.g., outstanding checks, collection of service charges and interest payments.

Our Account Reconciliation Service helps you manage your checking accounts more efficiently than if you reconciled the accounts yourself. It can also free up bookkeeping staff for other tasks. Businesses with high volume checking accounts can especially benefit from this convenient service. We offer various options ranging from a simple numeric fine-sorting of checks to a full reconciliation detailing those checks paid, those issued and those still outstanding.

Accounts Receivable / Payable

Accounts Payable Outsourcing

Most finance organizations spend a large part of their Finance budget on processing Accounts Payable. This is due to the largely manual effort required to enter invoices into the accounting system and, if applicable, match those invoices to purchase orders and receipts. Yet while Accounts Payable is critical to ensure that authorized invoices are paid accurately, it is often not managed to world-class standards due to the time and expense required to implement best practices. From invoice receipt, through approval and matching, to exception processing, disbursement and vendor relations, we cover the entire A/P process from beginning to end for our clients.

Benefits

• 25% to 50% annual A/P processing cost savings without capital investment
• Greater, centralized control over payables across the enterprise, irrespective of physical location
• World-class quality and accuracy from Infomap, ensuring accurate matching to PO’s and receipts and elimination of duplicate and erroneous payments
• Real-time tracking and reporting of all payables from the time they are received from the vendor through disbursement, for client employees and their vendors
• Reporting of A/P matching exceptions by vendor and exception type for improved procurement and vendor relations
• Automated routing of payables for approval by business unit managers irrespective of location, enhancing control and manager productivity
• Elimination of the headache of recruiting, hiring and managing clerical staff
• The ability to focus on strategic, pertinent finance issues instead of non-value added activities such as A/P

Accounts Receivable Outsourcing

Accounts receivable service is crucial to the business relations and it's bottom-line. Accounts receivable process outlines.

• Information management
• Customer relationship management

Accounts receivable involves the following process

• Creating and/or processing Receivable invoice.
• Collections & Debt management in conjunction with pre-planned cash flow projections.

Infomap offers a unique end-to-end solution designed to transform the operation of your Accounts Receivable process. From the point invoice data is available, through the posting of cash received, the Infomap solution lets customers concentrate on their core business, secure in the knowledge that the Accounts Receivable process is professionally, accurately and securely performed.

Benefits

• Reduce processing costs by up to 70%.
• Consolidated print, mail and electronic delivery of AR documentation from one source.
• Formal quality improvement programs such as TQM for continuous improvement.
• Unparalleled focus on security and accuracy.

General Ledger Maintenance

Sales & Purchase Ledger Maintenance

We maintain the sales ledger in all aspects, starting from;

• Setting up individual Customer Accounts for new customers or working with your existing lists. In case new customers are added, new accounts will be created for them and new codes assigned to them as per your organisations policy.
• Posting all sales invoices, credit notes and amounts received to the respective accounts.

In whatever format you receive this information by email, Fax, Post or Paper we can capture and add the relevant information to your Financial software for up to date Control and Maintenance or give you processed data or reports in whatever format you need on a regular basis, including daily basis if needed. Upto date records will allow you to monitor your customers accounts. We can provide aging analysis for all payments due, so that late and overdue payments can be chased to keep a healthy cashflow.

Monthly, Quarterly and Annual Financial Statements

General ledger maintenance and preparation of unit and company consolidated financial statements.

The process includes,

• Vouching and analysis of supporting documents
• Bank Reconciliation
• Preparation of Day Books
• General Ledger
• Fixed Asset Register & Depreciation
• Trial Balance Preparation
• Consolidation of financial statements
• Preparation of Balance Sheet and Profit & Loss Account
• Handling of Income Tax Matters
• Handling of company law matters