Accounts

Bookkeeping

Our competency and almost a decade of experience of serving to accountancy firms having their clients across the industries & Australian Businesses, provides us the competitive advantage to provide our clients the kind of bookkeeping service which turns the low margin work in providing you the cost-effective solutions.

Through our qualified team of Bookkeepers, we deliver the following services:

Accounts Payable

The Accounts Payable Outsourcing Services provide you with the advantages of cutting-edge technology and skilled staff without having to invest in these or buying and maintaining expensive software. Our clients outsource Accounts Payable in order to:

  • Reduced invoice discrepancies and disputes
  • Strengthened Vendor relations
  • Online repository for easy access to invoice transaction audit trail and access to supporting documentation required for audits
  • Accounts Receivables

CoSource Accounts while being in accounting industry understand that the importance of this function as this is the core revenue generation process. However, to optimize this function, our clients outsource this function to us so that they could focus on the growth and building relationships with their clients. Our efficient services for Accounts Receivables are:

  • Billings preparation (as required by TAD) and mailing after customer approval
  • Record and account for revenue
  • Entering receivable transactions into the accounting system
  • Preparing and delivering periodic statements
  • Issuing of credit memos and refund checks approved by the customer
  • Maintaining subsidiary receivables ledger
  • Carrying out process adjustments approved by the customer
  • Applying cash received to customer accounts and resolving short pays
  • Preparing accounts receivable reports

Accounts receivable deductions management (AR deductions management) services

  • General ledger maintenance
  • Expense ledger maintenance
  • Bank Account Reconciliation

 As the world is moving on to the cloud, we have calibrated ourselves to get expertise on various cloud software including XERO, QuickBooksOnline etc with the integration add-ins like FATHOM, Receipt Bank and other besides having worked with traditional software such as QuickBooks Desktop, Sage, MYOB, Kashflow, IRIS. To keep your practice at the forefront while providing bookkeeping services, we have XERO certified bookkeepers.

Financial Statements

Doing business with various multinationals from different sectors across the world, we have exposure to multiple industries and sectors enable us to produce quality accounts with cross-referenced working papers for your quick and easy review. Having expertise and hands on the software like SAGE, DIGITA, MYOB, CCH, IRIS, etc gives our clients a peace of mind for quality and accuracy.

Have us your Last year working papers and current docs such bank statements etc. and we will send you back the processed accounts.

Management Accounts

We have robust experience in making various reports which helps our clients’ customers to take informed decisions. Our service is completely flexible in terms of the scope of work undertaken and the type of reports and management information your clients receive. We prepare monthly, quarterly and yearly management information for our clients. As a value addition, our team also provide management commentary as per graphical pie charts representation generated while using visual spotlight, etc. softwares.

Benefits:

  1. Managed Solutions – 2 stage review of work before it gets delivered to you. You just have to do sanity check out before you send it to your client.
  2. Faster turnaround time – Improves your client delivery service.
  3. Manage skill shortage and attrition – Our strategic location in India enable us to onboard the skilled staff as per your business requirement which saves your enormous recruitment cost.
  4. Increase the productivity – Increased productivity always helps the company to grow and take critical decisions quickly.
  5. Focus on core business – Co-sourcing not just helps in smooth operations but eventually helps you to focus on more valuable tasks which impacts your bottom line.

Cost Effective – Help you to be cut down the cost efficiently by up to 50% without hampering the quality of work.