Cost Effective
Flexible Staffing
Specialized Expertise
Realize cost reductions of 40%-60%
Scale up and down based on your needs
Focus on running the business instead of managing books
Use us as full-time, part-time or on as needed basis
Access to best practices derived from 300+ businesses
The indicative standard charges for Accounts Payable Specialist, Accounts Receivable Specialist, General Accountant and Financial Analyst roles are listed below. Custom packages of 25, 50 and 80 hours per month are available.
Accounts Payable Specialist can perform activities such as 2 Way/3 Way matching of invoices with POs and GRs/Packing Slips, entry of invoices and utilities, coding of expenses, entering checks for further approval, tracking payables, vendor reconciliations and other miscellaneous accounts payable activities.
Accounts Receivable Specialist typically can perform activities such as invoicing, running rents (for real estate cos.), tenant/customer set-up and accounting, late fee processing, rent receipting/cash application services, tracking receivables, email and call based collection support, and miscellaneous accounts receivable tasks.
General Accountant can provide the following business accounting services- General ledger accounting, management of accounts receivable and payables, payroll, reconciliations, monthly closing of books including finalization and simple monthly reporting with variance analysis.
Financial Analyst is a specialist profile used for financial modeling, business plan formulation, business research and financial analysis assignments. They are responsible for preparation of project reports, financial modeling, management reporting, analysis of financial statements, simple valuations and other custom tasks.
Clearing backlog of un-posted historic transactions, reconciling historic accounts with bank/vendor/customer statements, and bringing books up to date.
Clean-up of chart of accounts including removing redundant accounts, updating vendor, customer and inventory lists, and correction of existing miscoded invoices, GL entries etc.
Accounting software transition including set-up of lists, mapping new to old chart of accounts, posting transactions in parallel runs, and 3 Way Reconciliations between Old Vs New Vs Statements.
No, OHI can begin the outsource accounting services engagement by transitioning your existing processes with minimal/no changes. Any significant process related change is only done if the existing process is majorly inefficient or cumbersome or prone to breaking-down.
Reaching our staff member in India is easy. While they are prompt in responding to emails, you can also reach them on their US phone numbers (which land at their desk). You can also connect with your engagement manager (key contact point from OHI end) on messenger such as Skype. We also provide clear escalation matrix where any issues can be escalated across different hierarchies right up-to the Head of Operations.
We follow standard industry practices for ensuring data security. Some key measures include
OHI staff are highly experienced with an average US accounting experience of six years. Our accountants are trained extensively in standard US accounting and business practices. Our planning work before we start processing includes detailed documentation of the client’s accounting practices, operating procedures and critical timelines. We also refer to past transactions if the prior set of books/accounts is a reliable one.
Yes, we can arrange for accountants to be working during US business hours though most of our clients prefer us to work during US night time so that work gets done faster.
Yes, outsourcing accounting services and solutions enable you to have a flexible staffing model where staffing can be reduced easily with short notice periods. In addition, it is easy to terminate the contract with no penalties by providing prespecified notice of 30 days.
As an accounting service provider we have had the opportunity of working on many/multiple accounting software. We have gained high expertise across all popular real estate property management and accounting software used in US. Some examples include Yardi (Voyager and Genesis versions), Appfolio, MRI, QB (All Versions), Xero, Timberline , Onesite, and Spectra among others.
