OVERVIEW - FINANCE AND ACCOUNTING SERVICES

Taking into consideration the volatile dynamics of our global economic system, it has become a precondition for every business to consolidate their non-core financial services to ascertain a competitive edge. Today, CFOs and CPAs across the globe seek out accounting outsourcing firms that can assist them in reducing the company’s operating costs, increasing profits and establishing benchmarks for superior governance and conformity to regulations. That is exactly why the majority of them outsource accounting services to a third party company. We, at SOS, fully grasp this compelling requirement of businesses and provide an extensive range of accounting back office services at competitive costs.

SOS's finance and accounting outsourcing services are outlined to support the client by setting up compliance and controls, equalizing expenditure and growth, cutting down the cash cycle and increasing the ROI. Size doesn’t make a difference for us & every client is equally important for us. We seek to serve you in the most efficient manner.

OUR FINANCE AND ACCOUNTING SERVICES

BOOKKEEPING SERVICES


  • Setting Up Chart of Accounts
  • Billing for goods sold or services
  • Recording receipts from customers
  • Verifying and recording invoices from suppliers
  • Paying suppliers
  • Processing employees' pay and the related governmental reports
  • Recording depreciation and other adjusting entries
  • Entering Bank Details
  • Allocating the account entries
  • Value-added bookkeeping
  • Month-end or year-end closing


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ACCOUNTS PAYABLE SERVICES


  • Invoice imaging and storing
  • Invoice approval
  • Expense allocation
  • Online payment approval
  • Check processing
  • Handling of vendor inquiries


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ACCOUNTS RECEIVABLE SERVICES


  • Order management
  • Customer billing
  • Customer aging
  • Collections management
  • Cash forecasting & reporting


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RECONCILIATION SERVICES


  • Bank statement reconciliation with your bank statement
  • Credit card reconciliation with your statement records
  • Matching of invoice with your ledger as well as journal entries
  • Sequencing of checks
  • Balance sheet reconciliation


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FINANCIAL REPORTING SERVICES


  • Balance sheet
  • Income statement
  • Cash flow statement
  • Bank reconciliation report
  • Detail general ledger report
  • Fixed asset account management


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PAYROLL PROCESSING


  • Payroll setup
  • Payday calculations and direct deposits
  • Payroll taxes calculation and form filling
  • 941, 1099, 940 and quarterly state tax returns


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TAX PREPARATION SERVICES


United States

  • Individual Tax Returns: 1040, 1040A, 1040EZ, 1040NR
  • Business Tax Returns: 1065, 1120, 1120S, 1041, 990
  • Sales and Use Tax Returns

Canada

  • Individual: Form T1 General
  • GST/HST Calculations
  • Business: Form T2, T4, T4A, T5, T5018

United Kingdom

  • Individual: SA100
  • Business: SA800
  • Corporation: CT600
  • Value Added Tax Returns: VAT100

Australia

  • CGT/GST Calculations
  • Income Tax Returns
  • BAS
  • FBT


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Get a Free Quote

Considering outsourcing your finance and accounting processes but not certain whether it is going to benefit your business? Our professionals are going to evaluate your current processes and provide straight forward guidance on how it may add value to your business. Absolutely no obligations, no fee, and no risk!

ACCOUNTING SOFTWARE WE LEVERAGE

(Click on any of the logos below to browse our software-specific accounting services outsourcing.)

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OUR KEY DIFFERENTIATORS


Best-in-class processes with built in, committed productivity gains

Flexible and dynamically scalable solution - 45%-65% cost savings

Potential to create positive business and cash flow impact

Performance evaluation using internal and external benchmarking

Combination of business domain knowledge with technology competence to deliver best results

Every Business Is Unique.
Find Out How We Can Help Yours.

  • Service and support beyond your expectations
  • Get your team to do what is core to your business
  • Customized solutions to suit your needs
  • Helping you improve efficiency and profitability
  • Our team is there to assist you 24x7
  • Delivery of projects within the agreed time-frame

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