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Outsourcing Services

A. Payroll Outsourcing Services

A payroll is a financial record of salaries paid to an employee as wages, bonus or deduction. It is given for the work done during a particular period of time.

Payroll processing involves tedious routine work. Outsourcing this process allows you to focus on growing your business. Save cost, focus on core tasks and enable growth without manpower and infrastructure restrictions. We offer highly efficient, convenient and reliable payroll process services. Payroll is one of the most important responsibilities of the employer and the company. Our Firm helps you manage your payroll process in a manner that would maximize salary pay-outs and minimize per employee cost to company.

Outsourcing safeguards the company from the responsibility of paying salary to their employees in the correct time and the correct amount too along with calculating and filling of different taxes. This helps to avoid dissatisfaction among the staffs and doesn’t attract any kind of fines.

Reasons for payroll outsourcing are:

 - Team is headed by a Chartered Accountants which means all statutory laws are taken care.
 - Cost savings for the company on outsourcing payroll processing.
 - Reductions and cost effectiveness can be achieved.
 - Latest technology and software for payroll processing are used. 

You can rely on us for a full fledge Payroll Outsourcing. We use software and our payroll  systems can be logged in from anywhere so that managers and employees can login (using  their respective login credentials) and see their salary and other details. Following is the key area we will help you:

 - Helping in drafting employment agreement
 - Enrolling in the software
 - Forming most optimum salary structure
 - Adding and maintaining employee log with all personal details and even preserving their base documents in soft forms
 - Calculation and Feeding of salaries on a timely basis
 - Computation of personal taxes on employees and withholding of due taxes
 - Issuing various forms, payslips including form 16, Full and Finals etc.
 - Investment feeding and checking the investment proofs
 - Statutory deductions like PF, ESI, Professional Tax, Labour Welfare Funds
 - Advising on labour laws and updating you about applicable laws
 - Arranging Actuarial Valuation Certificate for Gratuity and other Employee Terminal Benefits
 - Generating management reporting summaries in desired formats.

B. Fixed Assets Verification Outsourcing Services

An outsourcing process to keep track of companies fixed assets for the purpose of financial accounting, asset maintenance (including their existence, location, completeness & accuracy) and theft prevention.

This outsourcing service entails:

 (i) Fixed Assets Verification (FAV)
 (ii) Maintaining Fixed Assets Register (FAR)

Activities performed under FAV/ FAR

 - Achieving regulatory compliance applicable to the organization
 - Identifying, recording, valuing and safeguarding of fixed assets
 - Assisting in performing dynamic verification & identifying any ghost assets in the books
 - Affixing unique identification numbers (Bar code or QR code etc) of individual asset
 - Tracking movement and disposal of the assets in a proper manner.
 - Ascertaining variance between books and physical verification and reason thereof
 - Maintaining complete fixed assets register having all details of assets like description, location, gross value, useful life and
   depreciation etc. 

Our vast knowledge in this activity helps providing ready solutions to our elite clientele in all sectors. Our aim at providing seamless quality services across India.

C. Inventory Verification Outsourcing Services

An inventory verification process is one that aims at examining and validating the existence and location of various stocks in a main inventory control system.

The stock is a valuable asset for any business and also probably most susceptible to pilferage, damage, expiry, wastage or fraud. The objective of stock verification is to prove the existence, accuracy, ownership rights and ensure the realizable value of the items in Company’s inventory. Accurate accounting of inventory is also essential to a robust bookkeeping system & MIS reporting.

Since the inventory has many movements on business days, the process of routine physical verification becomes a difficult task for any organization. It needs proper planning, resource mobilization and expertise.

Our team of experts can assist you to conduct the inventory verification and give more insights into your stock along with a proper reconciliation of existing stock records.

Our Inventory verification and valuations services ensure the excess/shortage of materials in stock and identify the old/damaged inventory. It helps the management to have better internal control on inventory counting process without disturbing the current workflow and reduces the wastage and losses arising due to fraud or damage.

Our services :
 - Physical Verification of stock   - Physical status reporting
 - Stock reconciliation             - Valuation of inventory
 - Inventory coding and categorization   - Inventory Accounting
 
     
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