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Finance & Accounting

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Finance and Accounting Outsourcing

Finance and Accounting Outsourcing

Accounting is Profitable When We are Together.
When it comes to Outsourcing, Equistaff Solutions Accounting Outsourcing is your partner for delivering superior outcomes for a fraction of the cost. Our methodology guarantees scalability for complex business rules and workflow requirements, seamlessly integrating with your organization’s ERP for streamlined functionality.

Our Services

Equistaff Solutions Accounting Outsourcing – Key Considerations

  • Presenting a dedicated offshore team of industry experts with extensive experience across various domains, we excel in meeting your outsourcing needs.
  • Scalable, flexible, accurate solutions to handle routine business processes with 3-4 years experienced resources.
  • As a US-based company and a global delivery center, we provide certified and qualified services on all major ERPs and accounting software, including QuickBooks, Xero, Sage, Microsoft Dynamics 365, Nav, Ax, GP, SAP, Oracle, NetSuite, and more.
  • Benefit from our unique blend of advanced technology and seasoned operational teams, ensuring exceptional service and successful business outcomes.
  • Realize up to 60% in savings on your current operational costs of finance and accounting work, while maintaining the level of experience.

Equistaff Solutions Finance and Accounting Outsourcing Offerings

Our outsourcing offerings blend advanced technology and industry best practices for efficient and accurate financial management tailored to diverse business needs.

Accounts Payable

  • Invoice handling, review, upload
  • GL Coding, PO Matching, Approval routing
  • Vendor setup, Manage communication/inquiries
  • Vendor Reconciliation

Accounts Receivable

  • Customer invoicing using data from diverse portals
  • Process payments via multiple methods
  • Reconcile payments, update AR ledger
  • Dispatch reminders, statements, and collection letters

Banking Management

  • Mapping bank accounts to accounting applications
  • Integrating bank statements into accounting applications
  • Bank categorization, reconciliations and clearing within due date
  • Conduct monthly bank, credit card, and loan reconciliations
  • Upload payment summaries to third-party portals

Bookkeeping & Financial Preparation

  • Bookkeeping following cash & accrual system
  • Preparation of Financial statements for reporting and regulatory purpose
  • Audit supporting service
  • Filing 1099 forms

Exception Management

  • Verify vendor, invoice, tax compliance, and pricing accuracy
  • Ensure payment terms, documentation, policies, and contract compliance
  • Address issues by contacting points of contact promptly

Vendor Maintenance

  • Manage vendor communications and inquiries
  • Integrate new vendors into the system
  • Perform Vendor Master cleanup and maintenance

Data Entry

  • Input diverse entries into ERP like invoices, ledgers, payroll, taxes, etc.
  • Execute transaction corrections per leader requests

Add-ons

  • Identify AP department efficiency opportunities
  • Automate workflows using best practices
  • Craft presentations and summarize research findings
  • Generate weekly reports on payables, Aging, AR, and collections performance
  • Email Management

Strategic Benefits

  • Client-centric approach
  • Complete control of processes, techniques, and knowledge
  • Optimization of the operations over a short period
  • Replication of the parent company’s processes
  • Tailored teams with diverse skills per client need
  • Scalable operational support
  • Ability to complement client’s US staff
  • Complete operational control
  • Minimal data security risk
  • No office setup hassles and overseas hiring

Operational Dynamics of Outsourcing with Equistaff Solution

Equistaff Solutions collaborates efficiently with clients as an outsourcing partner. Here’s a step-by-step guide.

  • Step 1: Gathering Requirements
  • Step 2: Project Launch Meeting
  • Step 3: Dynamic Team Dashboards
  • Step 4: Lead Role Onboarding
  • Step 5: Staffing Additional Roles
  • Step 6: Team Performance

Acquired Deliverables

Experience the advantages of Equistaff Solution’s Outsourcing services, gaining access to the following benefits.

Efficient Operations

Access cutting-edge technologies and talent to efficiently manage documentation, workflows, and policies.

Optimize Resources

Delegate routine processes to focus on advancing products and services.

Integrated Scalability

Seamless integration with existing business processes while providing flexibility and scalability.

We provide reliable staffing and workforce solutions, helping businesses find the right talent and professionals build successful careers.

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