Accetera offers outsourcing not only for full-cycle accounting but also for specific accounting areas, including expense report management, accounts payable, costing and sales accounting, asset accounting (fixed assets, intangibles, inventory, financial instruments), foreign exchange transactions, as well as the service of outsourced management reporting.
Who can benefit from outsourcing specific accounting areas?
Companies that prefer to retain core accounting in-house but need support for specific accounting functions.
Benefits of outsourcing specific accounting areas
- Focus on core tasks: Your team prioritizes business-critical activities.
- Lower employee attrition: Reduce employee burnout by eliminating massive repetitive tasks.
- Transparent processes: Clear rules minimize accounts receivable delays.
- Speed and accuracy: Automation reduces errors and accelerates workflows.
Accounting functions we take over:
- Expense Report Management.
We will implement software to automate the process, document scanning and entry, and will provide on-going support. We will set up procedures, verify expenses, and streamline reimbursements and reporting. We will reduce receivables and boost employee satisfaction with timely documentation and payments. - Bank Operations Management.
We will take over your corporate accounts management: we will implement a payment request approval system, generate payment requests to established schedules, and transfer the data to the bank. We will post the entries for banking operations to your accounting software - all to ensure on-time bank transactions. - Foreign Exchange Transaction Management.
We will help you analyze documentation for currency deals and will prepare payment schedules for contractual obligations, manage the closure of advances, and ensure export revenue repatriation. With us you can be sure your accounting team’s work is fully compliant with the currency legislation. - Accounts Payable and Receivable.
We will take over the entry and verification of the primary documents, post the entries in the accounting system and manage the reconciliations. We will handle communications with counterparties regarding AP & AR.
Why Outsource accounting functions to Accetera?
An outsourcing company never goes away on vacation, sick leave, or resigns. We take care of staff recruitment and retention, and you get the results.
Accetera’s liability is insured, so if our accountant makes a mistake, we will always be able to reimburse you for the the amount of the fine incurred from the regulatory body.
Eliminate employee burnout from massive number of tedious tasks. Boost engagement and concentration on core business goals, while we automate and standardize processes for increased employee work quality.
