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.
One aspect of your business that you can’t afford to neglect is accounting. Fortunately, with the advent of technology and the rise of virtual accounting services, you now have a way to streamline your financial operations and enjoy several benefits. […]
In today’s competitive business where information is required on your fingertips, Accounts Payable management is one of the most essential tasks for businesses. Lack of it will reflect poorly in vendor relationship, cash saving policies and working capital, eventually affecting […]
Small business accounting is an organized process which helps in keeping track of the financial activities of a company. Bookkeeping, on the other hand, is a systematic process of keeping a record of every single company transaction. Both the processes […]
A 100 year old moving and storage company headquartered in Colorado with multi-state operations. The firms’ revenues are about 50-75 mn and has about 250 employees.
The company is in the business of selling and moving fuel. They provide best in class fuel supply management and transportation. The firm manages and transports over 2 billion liters of fuel per year to over 350 fueling stations.
We can provide a whole array of services for moving and storage companies ranging from accounting related services, HR services, shipments related services, billing services among others. In accounting services, we can perform cash application services, bank and credit card reconciliation, accounts payable processing, accounts receivable processing, collections, general ledger maintenance and monthly financials. We can also perform travel, employee expense, mileage and driver reimbursement processes.
We can also perform bill of lading generation, freight payment processing, freight audit, document processing and order invoicing. Entry of freight bills into the accounting or logistics management software after comparing the bills to scanned bill of lading and other shipping documents. Audit of freight invoices for adherence to freight terms listed in Bill of Lading and other shipping documents. We also provide comparative analysis of freight rates and volume of billed freight invoices by different carriers.
Logistics companies spend a lot of their time on processing and paying up freight bills raised by carriers. Our qualified team examines each and every of your invoices, audits, processes and approves these bills. Our outsourcing services can effectively eliminate chances of overcharges and claim disputes, duplicate bills, reduce your overall costs and shorten processing cycles.
Our accountants have attained speed and accuracy with rigorous training programs. By such training programs we have ensured that each member of the team understands the nuances of Bills of Lading and the key factors that must be handled accurately on each bill. You will experience a faster and streamlined flow of goods and information by outsourcing Bill of Lading Generation services to us.
Outsourcing is a well established strategy employed by many businesses in North America to reduce costs significantly. Outsourcing typically leads to cost savings ranging from 30%-60% depending on process type, location, degree of process complexity and scale of outsourced process. You can concentrate and grow your core business while we handle all the payment processing, accounting and freight documentation related activities.
We have worked with a variety of clients for e.g. moving and storage companies, warehousing companies, freight forwarding companies among others. We are able to cater to the needs of different types of clients as per their specific requirements.