Accounting & Financial Services

IDS’s Accounting & Financial services division exclusively works with small and mid-sized accounting firms and other businesses, in handling their various bookkeeping and accounting tasks. IDS can help in all your accounting and financial needs with a convenient, cost effective offshore accounting services and support system that can reduce your costs significantly.

You can leverage IDS’s cutting-edge secure offshore infrastructure and highly qualified accountants and CPA’s to perform various tasks like Bookkeeping, Accounts Receivables, Accounts Payables, Tax Returns, VAT fillings, Account reconciliations, etc. Our accounting team compromises of certified accountants and CPA’s with in-depth experience in international finance processes and international accounting standards like GRA’s, GAAP, FASB, GAS, etc.

Outsourcing Accounting and Financial services functions to IDS reduces your capital investment, employee turnover and knowledge transfer and training costs. No worries on software upgrades & maintenance, recruiting, training and retaining the staff; now you can refocus on your core competencies.

  • You can Free up valuable time thus get to focus on core and new businesses
  • Immediate savings in time and substantial savings in cost to the order of 40% to 60%
  • Quicker Turn Around Time
  • Quality of Service - Service levels are constantly tracked and constantly improved
  • Increased revenues and profitability at tax season
  • Flexibility and Resource Maximizationg
  • 24/7 Access

Advantages of availing our Accounts Preparation & Book Keeping Our range of Services Includes but are not limited to:

  • Entry of transactions
  • Journal Entry
  • General Ledger
  • Assets /Equipment Ledgers
  • Expenses Ledger
  • Accounts Receivables
  • Accounts Payables
  • Ageing Report & Summaries
  • Bank Reconciliation
  • Financial Statements Preparation
  • Trial Balance
  • Income Statement (Profit & Loss)
  • Balance-sheet
  • Cash Flow Statement
  • VAT Returns
  • IR35’s Fillings

Advantages

  • Well-trained personnel for virtual desktop operations. Proficient in Quick Books , Peachtree and other leading accounting software’s
  • Continuous process of technical skill and technology upgrade
  • Sophisticated state-of-the-art facility and multiple processing locations
  • Operations scalable to meet any requirements with reasonable advance notice
  • Possess the financial strength, infrastructure and managerial skills necessary for handling challenging projects
  • A perfect synergy of accounting acumen, IT, communication and human resources
  • Highly qualified and talented pool provides definite value and cost advantages across the spectrum of services

Invoice Processing

  • IDS performs customized Indexing & Invoice Processing services to the technical specification and to the standards set out by our clients.
  • We deliver the output at a 24hr turn around from the time the invoices sent for processing are received.
  • A File Transfer Protocol (FTP) software is set up by us for the client in order to transfer scanned files of daily incoming input of work allocation as well as outgoing processed output in the desired format.
  • We deliver the Output in the format choice of our client.
  • All processing is done in our in-house Key from Image (KFI) software which can assure you of a quality Output of 99.995%. We take 3 working days to develop this KFI, which is customized to your process specifications to be done and data capture fields are validated accordingly.
  • Please find next our Operations working Process

Introduction: FTP Transfer

  • Scanned images are received in .PDF, .tiff, .jpg etc formats in several batches from at our FTP site. Our clients are informed and briefed of the folder structure to be followed when uploading the files on the FTP.

INDEXING & DATA CAPTURE PROCESS

  • The received batches for processing will be downloaded at our end and a download confirmation will be sent to the client for reference.
  • The Data Processing will be done in our In-House KFI Software.
  • We will perform a Double Blind Entry process where in the same data will be entered by 2 different operators. Some of our clients ask for just Single Entry to be performed
  • On completion of a particular record by both operators, our Software will Compare both the entries and match them for errors.
  • Any mismatch in the entries will be again sent back for Processing. The Matched entries will go ahead for Quality Check.
  • Our Quality Team will analyze the records and Accept or Reject the records on parameters set by the Client