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Accounting & Bookkeeping Services

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When a business cannot tolerate any downtime in the functioning of its operations, it should set up at least one Disaster Recovery Facility. There could be two functioning centers in different cities with additional provisions to accommodate more if the need arises. So if one of the call centers has to close for a while then the agents from this center can be flown to the call center in the other city where the traffic has been redirected.


    Types of Accounting & Bookkeeping Services Include:
Entry of Transactions
  • Client Specific Entry of Transactions
Journal Entry Services
  • Client Specific Journal Entry Services
General Ledger Preparation & Maintenance
  • Client Specific General Ledger Preparation & Maintenance Services
Assets / Equipment Ledger Maintenance
  • Client Specific Assets/Equipment Ledger Maintenance Services
Expenses Ledger Maintenance
  • Client Specific Expenses Ledger Maintenance Services
Preparing Financial Reports/Statements/Summaries & Financial Write-Up
  • Financial Statements
  • Income Statement (Profit & Loss)
  • Trial Balance Journal Entries and Adjustment Entries
  • Trial Balance
  • Balance Sheet
  • Statement of Cash Flow
  • Statement of Fund Flow
  • Bank Reconciliation Report
  • Payroll Register
  • Journal Entry
  • Journal Entry and Cheque/Check Register
  • General Ledger Preparation & Maintenance
  • Assets / Equipment Ledger Preparation & Maintenance
  • Expenses Ledger Preparation & Maintenance
  • Detail General Ledger Report
  • Business Analysis Report
  • Financial Analysis Report
  • Operations Analysis Report
  • Purchase Reports
  • Sales Reports
  • Retained Earnings Statement
  • Account Receivables Report
  • Account Payables Report
  • Many More Client Specific Financial Reports/Statements/Summaries & Financial Write-Up Services (Customized)
Management Accounting & Reporting
  • Financial Statements
  • Income Statement (Profit & Loss)
  • Trial Balance Journal Entries and Adjustment Entries
  • Trial Balance
  • Balance Sheet
  • Statement of Cash Flow
  • Statement of Fund Flow
  • Bank Reconciliation Report
  • Payroll Register
  • Journal Entry and Cheque/Check Register
  • General Ledger Preparation
  • Detail General Ledger Report
  • Assets/Equipment Ledgers
  • Business Analysis Report
  • Financial Analysis Report
  • Operations Analysis Report
  • Purchase Reports
  • Sales Reports
  • Retained Earnings Statement
  • Many More Client Specific Management Accounting & Reporting Services (Customized)
Value-added Accounting Services
  • Customer Reports
  • Employee Reports
  • Purchase Reports
  • Break-up of Expenses
  • Business Analysis Reports
  • Financial Analysis Reports
  • Operation Analysis Reports
  • Event Analysis
  • Many More Client Specific Value-added Accounting Services (Customized)
Financial Analysis Services
  • Corporate Financial Statements Analysis
  • Analysis of Financial Statements- Monthly, Quarterly, and Annual Management Reports
  • Analysis of Portfolio Structures
  • Analysis of Prospectus, Offer Documents
  • Ad-hoc Reports, Industry Reports (Fact Books, Competitor Analysis)
  • Creation and Maintenance of Databases and Libraries
  • Financial Ratio Analysis, Break-even Analysis, NPV and IRR Analysis
  • Board of Directors and Audit Committee Presentations on Financial Results, EHS Compliance
  • Many More Client Specific Financial Analysis Services (Customized)
Inter-Company Accounting
  • Client Specific Inter-Company Accounting Services
Inventory Management Services
  • Sales Forecasting Or Demand Management
  • Sales Operation Planning
  • Production Planning
  • Material Requirements Planning
  • Inventory Reduction
  • Many More Client Specific Inventory Management Services (Customized)
Cost Accounting
  • Client Specific Cost Accounting Services
Billing & Cash Application
  • Client Specific Billing & Cash Application Services
Invoice Processing services
  • Client Specific Invoice Processing Services
Customer Order Processing/Management Services
  • Client Specific Customer Order Processing/Management Services
Fixed Assets Management/Accounting Services
  • Client Specific Fixed Assets Management/Accounting Services
Mergers & Acquisitions
  • Client Specific Mergers & Acquisitions Services
Credit Control
  • Client Specific Credit Control Services
Financial Budgeting
  • Client Specific Financial Budgeting Services
Cash Flow Management Services
  • Predicting Cash Flows
  • Managing Cash Flow On A Daily Basis
  • Managing Financial Risks
  • Maintain An Electronic Fund Transfer System
  • Reviewing and Analyzing Expenditures on Banking Services
  • Negotiating Contracts For Financial and Banking Services
  • Managing Fraud Control Programs
  • Many More Client Specific Cash Flow Management Services (Customized)
Payroll Accounting Services
  • Creating & Maintaining Employee Profiles On The Payroll System
  • Managing Time & Attendance
  • Benefits Calculation & Administration
    • Processing Of Weekly/Fortnightly/Monthly Payroll From Time Sheet
    • Calculation Of Net Pay Cherubs, Cherubs Processing And Delivery
    • Commissions/Draws
    • Bonus/Incentive Award
    • Rewards & Recognition
    • Calculation & Processing Of Superannuation
    • Reimbursement Processing
    • Pension Administration
    • Employee Insurance Deductions
    • Employee Deductions
    • Accruals/Arrears
    • Settlements
    • Online Benefits Enrolments
    • Claims Management
    • On-Cycle & Off-Cycle Payments
    • Direct Deposits
    • Third Party Payments
    • Many More Client Specific Benefits Calculation & Administration Services (Customized)
  • Employee Self Service
  • Payroll Helpdesk
  • Tax Calculation & Reporting
  • Finance Posting
  • Payroll Reconciliation
  • Payroll Journal & Payroll Summary Sheet
  • Industry Benchmarking
  • Manuals Checks
  • Statutory Compliance
  • Year-End-Activities
  • Many More Client Specific Payroll Management Services (Customized)

BAS Preparation & Reporting Services (Australian Customers)
  • BAS Preparation & Reporting Services (Australian Customers)
Tax Preparation Services
  • Tax Preparation Services
Accounts Payable Services
  • Data Capture – Receipt and management of all paper-based payables documents:
    • Sorting
    • Batch Preparation
    • Scanning
    • Document Indexing
    • Document Storage and Retrieval
    • Receiving and Processing Incoming Mail
    • Audit and Reconciliation of Scanned Invoices
    • Availability of Scanned Invoices
    • Many More Client Specific Data Capture Services (Customized)
  • Data Processing (Exception Management/Resolution) – Resolution and Proactive Management of Exception Transactions:
    • Approval and Exception Routing
    • Shortened Month-End Closing Process
    • Documented Audit Trail
    • Many More Client Specific Data Processing Services (Customized)
  • Suspect Duplicate Analysis – Audit and Control Mechanisms to Eliminate the Risk of Duplicate Payments and Support Recovery and Reclamation through:
    • Manual and Automated Data Entry
    • Three-way Database Matching
    • Electronic Invoice Processing
    • Many More Client Specific Suspect Duplicate Analysis Services (Customized)
  • Disbursement Services – All Aspects of Payments:
    • Print and Distribution of Cheques/Checks
    • Secured Maintenance of Cheque/Check stock
    • Online Cheque/Check Proofing
    • Return Cheque/Check Handling
    • Electronic Payment Handling
    • Special Invoice Mail Handling
    • Many More Client Specific Disbursement Services (Customized)
  • Accounts Payable Reports
  • Payment Processing
  • Bills Management
  • Travel & Expenses Processing
  • Tax Reporting
  • Supplier Management
  • Special Project Reports
  • Customer Service
  • Many More Client Specific Accounts Payable Services (Customized)
Accounts Receivable Services
  • Debt Collection Services
    • Payments Follow-up
    • Invoice Adjustment
    • Dispute Resolution
    • Claim Management
    • Many More Client Specific Debt Collection Services (Customized)
  • Billing Preparation
  • Record and Account for Revenue
  • Entering Receivable Transactions into the Accounting System
  • Preparing and Delivering Periodic Statements
  • Issuing of Credit Memos and Refund Checks Approved by the Customer
  • Maintaining Subsidiary Receivables Ledger
  • Carrying out Process Adjustments Approved by the Customer
  • Applying Cash Received to Customer Accounts and Resolving Shot Pays
  • Preparing Accounts Receivable Reports
  • Account Receivable Deductions Management Services
  • Many More Client Specific Accounts Receivable Services (Customized)
Debt Collection Services
  • Payments Follow-up
  • Invoice Adjustment
  • Dispute Resolution
  • Claim Management
  • Accounts Receivable Services
  • Many More Client Specific Debt Collection Services (Customized)
Bank Account Reconciliation Services
  • Deposit & Withdrawal Reconciliation
  • Cheque/Check Sequencing
  • Reconciliation Reports in Electronic Files or Paper
  • Comprehensive Reports in Balance with Client’s Statement
  • Flexible Reconciliation Periods
  • Input Data in Client-Specific format
  • Many More Client Specific Bank Accounts Reconciliation Services (Customized)
Bank & Credit Card Reconciliation Services
  • Reconciliation of Bank Statements With Internal Financial Records
  • Reconciliation of Customers Credit Card Statements with Internal Records
  • Reconciliation of General Ledger With Vendor And Buyers Invoices
  • Partial Reconciliation
  • Full Reconciliation
  • Many More Client Specific Bank & Credit Card Reconciliation Services (Customized)
Corporate Functions
  • Treasury
  • Cash Management & Cash Flow Forecasting
  • Financial Planning & Analysis
    • Capital Budgeting
    • Revenue & Expense Budgeting
    • Quarterly/Annual Forecasting
    • Ratio Analysis
    • Variance Analysis
    • Competitor Analysis
    • Market Analysis
    • Many More Client Specific Financial Planning & Analysis Services (Customized)
  • Financial Modeling
    • Management Accounting
  • Many More Client Specific Corporate Function Services (Customized)
Supply Chain Financing Services
  • Product Costing
  • Inventory Accounting
  • Manufacturing Accounting
  • Many More Client Specific Supply Chain Financing Services (Customized)
Stock Option Accounting
  • Client Specific Stock Option Accounting Services
Accounting Setup Services
  • Client Specific Accounting Setup Services
Project Accounting Services (Expense Management Services)
  • Client Specific Project Accounting Services
Auditing Services
  • Client Specific Auditing Services
Risk & Compliance
  • Internal Controls Evaluation
    • Identify and Understand Key Business Processes
    • Asses Risks and Mitigation Controls
    • Develop Control Self Assessment Questionnaire to Evaluate Controls
    • Many More Client Specific Internal Controls Evaluation Services (Customized)
  • Enterprise Risk Management
  • Many More Client Specific Risk & Compliance Services (Customized)
Forensic Accounting Services
  • Client Specific Forensic Accounting Services
Actuarial Accounting
  • Client Specific Actuarial Accounting Services
Fiduciary Accounting
  • Client Specific Fiduciary Accounting Services
Online Accounting Services
  • Client Specific Online Accounting Services
Small Business Accounting Services
  • BAS Preparation & Reporting Services (Australian Customers)
  • Tax Preparation Services
  • Many More Client Specific Small Business Accounting Services (Customized)
University Accounting Services
  • Client Specific University Accounting Services
Many More Client Specific Accounting & Bookkeeping Services (Customized)
  • Please Contact Us to discuss your specific outsourcing needs
    Industry-Specific Accounting
Financial Industry
  • Credit Analysis
  • Loan Accounting
  • Many More Client Specific Accounting & Bookkeeping Services for Financial Industry (Customized)
Insurance Industry
  • Actuarial Accounting
  • Fiduciary Accounting
  • Premium Accounting
  • Many More Client Specific Accounting & Bookkeeping Services for Insurance Industry (Customized)
Media & Entertainment Industry
  • Sales Accounting
  • Royalty Accounting
  • Many More Client Specific Accounting & Bookkeeping Services for Media & Entertainment Industry (Customized)
Retail, CPG and Manufacturing Industry
  • Sales Returns Accounting
  • Restaurant Sales Processing
  • Franchisee Accounting
  • Inventory Accounting
  • Many More Client Specific Accounting & Bookkeeping Services for Retail, CPG and Manufacturing Industry (Customized)
Shipping & Logistics Industry
  • Cargo Revenue Accounting
  • Cargo Revenue Management
  • Freight Accounting
  • Manifestation
  • Many More Client Specific Accounting & Bookkeeping Services for Shipping & Logistics Industry (Customized)

Telecom Industry
  • Order Validation – Industrial/Commercial
  • Many More Client Specific Accounting & Bookkeeping Services for Telecom Industry (Customized)
Travel & Leisure Industry
  • Passenger Revenue Accounting
  • Revenue Recovery
  • Fraud Prevention and Control
  • Many More Client Specific Accounting & Bookkeeping Services for Travel & Leisure Industry (Customized)
Utilities Industry
  • Meter Billing
  • Prepayments
  • Energy Contract Validation
  • Many More Client Specific Accounting & Bookkeeping Services for Utilities Industry (Customized)
Accounting & Bookkeeping for Many More Industries
  • Please Contact Us to discuss your specific outsourcing needs
    Financial Software/Applications
  • MYOB
  • QuickBooks
  • SAGE
  • CheckMark
  • MultiLedger
  • Quicken
  • Peachtree
  • Intuit ProSeries
  • Intuit Lacerte
  • Net Suite
  • Creative Solutions Accounting
  • Master Builder
  • Business Works
  • Pro Tax
  • IRIS
  • Lacerte
  • Sage Line 50
  • Many More Financial Software/Applications
  • Client Specific Software/Applications(Customized)

Staff Leasing

In this model, you run and manage your own project. Your virtual staff is recruited and facilitated by International Parallel Sourcing, but of course you direct everything they do.

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Virtual Captive

In this high control model, you retain a greater level of control over your business, while transferring to International Parallel Sourcing a portion of operational and financial risk.

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Fully Managed Solutions

This model provides you complete peace of mind as the entire project is managed and run by International Parallel Sourcing (providing end-to-end solutions for your project).

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Please contact your local Solutions Consultant to discuss your customized outsourcing requirements.
 

Our Office

Level 32, 101 Miller Street
North Sydney, NSW, 2060, Australia
Phone: 1300 991 691
info@parallelsourcing.com.au


Sales & Marketing:

info@parallelsourcing.com.au


Head Office – Sydney:

sydney@parallelsourcing.com.au

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