All Businesses have a lot of financial things to handle such as signing checks, receiving receipts from their customers, and making bank deposits and a lot more. In the process many financial transactions accumulate as unchecked and if not taken care of or recorded in the correct accounting way, the accounts surely will get out of balance.
At the same time, reconciliation of accounts data is a complex & lengthy procedure and needs experienced hands to manage this. FinTax Experts fully understands the importance of reconciliation to any business and that’s the reason why our clients across continents trust FinTax for end-to-end bank and credit card reconciliation services. Our outsourced reconciliations services make use of the most up-to-date financial software tools to give you an economical solution to solve any kind of variation between statements, which includes bank discrepancies and inconsistent amounts.
Detects frauds, identify theft and advice to prevent any financial theft within the company well in advance.
Have better control over your credits by receiving all the information related to deposits and unpaid checks.
Reconciliation irregularity or error at your end pointed out means you know discrepancies in financial records timely.
Give you a complete insight into the business financial matters so that you are completely aware of your business health.
Helps to identify the time difference between two records i.e. company’s financial record and bank’s financial record.
Give you confidence that your internal and account financial records are correct and updated to meet your tax needs.
Depending on your business size, structure and business goals, your establishment often requires different account reconciliation services.
To meet this need, FinTax Experts India provides its diverse range of global clients with different kinds of account reconciliation services:
We manage your accounts receivable entries and also
take care about the invoicing so that you know who
needs to pay you when, so you don't lose out on money you're due.
We manage your accounts payable entries to ensure you're paying vendors and suppliers on time. We also ensure that your balance sheet stays on track and up-to-date.
We ensure that you have reports of transparent financial health of your business finances, income statements, balance sheets, cash flow and reconciliations always on time.
To keep your financials secure, your credit card statements are closely checked and verified by specialists to ensure that all transactions accurately match with your balance sheet,
We analyze your bank statement in order to ensure that
all your transactions match with your balance sheet, to avoid discrepancies, errors, or fraud or inconsistency in AR/AP.
Ensure the salaries are provided on time with appropriate deductions while ensuring that the right payroll entries are made in your ledger and related returns are filed accurately.
At FinTax Experts India, we offer three types of bank reconciliation services to our clients to give them a clear picture of their accounts and save them from any risks attached to unreconciled accounts.
Our full account reconciliation service is designed to meet the needs of our clients for all reconciliation needed for business. By outsourcing full reconciliation services to us, you need to provide us with the complete data, we will check & match the provided data with the payment & deposit receipts. Any unmatched transaction from the statement will be reported for probing at your end if any source document is available. These balanced statements prove that your company is not prone to any fraud.
Our partial account reconciliation service includes a paid-item report which contains the detail of all the cleared checks. The detailed reporting you receive consists of all the information on paid checks and account activity. For this, you do not have to provide a check record file. And you will also receive a transparent and clear report about account balance and activity statement at the end of every month.
We provide a detailed listing of deposits to our client if they want to have this kind of service. This service help companies depositing the amount into their single account from different locations. Out team track every deposit through expected deposit from respective location or through matching information like serial number/store number etc. from deposit slip.
Our back-reconciliation process is simple and hassle-free, aimed to help you reconcile various transactions. Once we are done with the process of reconciling your bank statement transactions, you can check different reconciled and unreconciled transactions with an aim to resolve complicated reconciliations exceptions.
FinTax will begin by gaining an initial understanding of your immediate need, the scope of work and any additional requirements. With a close understanding of your current process, we can layout the proposed workflow. This usually happens by our specialists over a video conference or phone call.
FinTax will assign a dedicated project manager who has experience in the required scope of work. Our specialists will craft a process in detail by working directly with you to ensure all of your needs are addressed. We manage all training aspects of your remote workforce so you can focus on what you do best.
If you already have the documents with you, we can use it to understand and learn from it. But, if you don’t have any, we’ll will set up a training session for you to share your process knowledge with us. We learn everything about your business transactions to create our process instructions and workflow.
This reduces your risk and eases the transition when adding us as a new partner. We start with a small percentage and take over the work gradually before moving to full transition of services. Using your feedback to working already transitioned, we adjust to improve efficiency for complete transitioning.
FinTax has more than a decade experience of providing reconciliation outsourcing services to clients in 20+ countries across continents. Our team consists 135+ financial consultants/accountants, analysts and project managers having experience of preparing Bank/Credit card/Paypal reconciliations, Accounts Receivable/Payable, Payroll Reconciliations, Financial Reporting/error finding etc.
Here are some good reasons to choose FinTax:
While our finance and bookkeeping outsourcing services are insanely rewarding, we have been honored and gratified by the global platforms and brands. The awards and recognitions reflect our excellence, commitment to deliver quality and customer satisfaction.
Our parent company Adreno Technologies India Private Limited rated as one of “India’s Top 100 IT/ITeS Companies.Read Story
FinTax Experts India was covered in one of the stories published in the leading online newspaper of Europe.Read Story
FinTax Experts India was rated as one of the “20 most promising Finance Technology Solution Providers 2016”Read Story
FinTax Experts was one of the two Indian companies, covered in a story on "Outsourcing Your Life"Read Story
FinTax Experts India boasts on the words of mouth by happy clients
I decided to move in slowly with Fintax and start them with small tasks like monthly account reconciliations. After being assigned a team I was amazed with the professionalism, accuracy and speed of their work. I immediately started adding tasks until I was out of that office and was able to get rid of the employee. My assigned team leader Vijay is very helpful in fulfilling my needs.More Reviews Here »
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