Offshore Accounting

Offshore Accounting

For Companies from around the world and specifically from USA, Australia , Saudi Arabia, Dubai , Canada , it is highly cost-efficient to outsource their end-to-end Accounting including Accounts Payable, Accounts Receivable, Finalization work to India.

We have a dedicated team of highly efficient, knowledgeable and experienced staff who specifically cater to offshore clients providing time bound accounting solutions. Over the years, we have developed a good number of satisfied clients in the US. Our team is trained in almost major accounting softwares, have requisite qualifications like CA, CPA, EA which are essential for carrying out the assignments and are all fluent in US / UK English.

Services We Offer:

Our offshore accounting services offer comprehensive support for your financial operations, encompassing accounts payable, accounts receivable, financial planning and analysis, and crucial period-end closing activities:

Accounts Payable (AP):

We streamline your AP processes, handling tasks such as:

• Invoice processing: Accurate data entry, coding, and verification.
• Vendor management: Maintaining vendor records, resolving discrepancies, and ensuring compliance.
• Payment processing: Scheduling payments, generating checks or electronic transfers, and reconciling bank statements.
• Expense reporting: Managing employee expense reports, ensuring adherence to company policies, and providing accurate reporting.

Accounts Receivable (AR):

Our AR services focus on efficient management of your incoming payments. We handle tasks like:

• Invoicing: Generating and distributing accurate invoices.
• Payment collection: Monitoring receivables, following up on overdue payments,and processing incoming payments.
• Reconciliation: Reconciling AR sub-ledgers with general ledger accounts.

Financial Planning and Analysis (FP&A):

We offer robust FP&A services that provide valuable insights for strategic decision-making. This includes:

• Budgeting and forecasting: Developing annual budgets, creating rolling forecasts, and analyzing variances.
• Financial modeling: Building financial models to support business decisions,such as investment analysis and scenario planning.
• Variance analysis: Analyzing actual performance against budget and forecast,identifying key drivers of variances.
• Performance reporting: Generating timely and accurate financi al reports,including key performance indicators (KPIs).

Month-End, Quarter-End, and Year-End Closing Services:

We ensure accurate and timely financial reporting through comprehensive closing procedures:

• Month-End Closing:
• Reconciling bank accounts and credit card statements.
• Accruing expenses and recognizing revenue.
• Preparing and posting journal entries.
• Reconciling sub-ledgers to the general ledger.
• Generating preliminary financial statements.

• Quarter-End Closing:
• All month-end closing procedures.
• Reviewing and analyzing financial statements.
• Preparing quarterly financial reports.
• Performing detailed account reconciliations.

• Year-End Closing:
• All month-end and quarter-end closing procedures.
• Preparing annual financial statements.
• Assisting with audits.
• Closing temporary accounts.
• Performing final reconciliations.

We take enormous effort to provide client specific solutions and real-time support on each assignment.

For Offshore accounting contact: pmc-offshore@pmccacal.com