Finance & Accounting

 

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The challenging economic environment today requires companies to leverage their resources in such a way that the return on investment is maximized. Most businesses prefer to have a reliable partner to rely on for improving their cash flow by augmenting their internal accounts department.
Pentadesk Technologies has been offering our Finance & Accounting services to global clients since the last 10 years. One of the top finance outsourcing companies in India, our primary clients are industrial houses where we provide support in A/P Invoicing, A/R Invoicing, Shipping, Bill of Lading, Sales Order Entry, etc. Apart from industrial houses we do have the capability to provide our financial and bookkeeping services across all industry verticals.
We work extensively on the following areas, using ERP, Quickbooks and Xero:

Bookkeeping Services

Pentadesk’s bookkeeping services are aimed at lowering the clients’ finance and accounting outsourcing costs by assisting them with their administration, accounting, and tax planning needs. We serve as our customers’ digital back office for all of their bookkeeping and accounting needs, including set-up, service, support, and accounting consulting. There is no such thing as a one-size-fits-all solution, as we realize. The accounting bookkeeping services at Pentadesk​​ are tailored to client’s specific requirements. We deliver personalized ​​​ reports in addition to all of our regular bookkeeping services, allowing customers to better assess their income and expenditures. Our process based approach ensure that we are able to quickly adapt to booking needs of any industry domain. An efficient and strategic shift to your finance and accounting needs would save time and help you focus more on your business needs.

Accounting outsourcing is the need of the hour for most businesses. When you partner with us, these are the various areas we could help you with

  • Day-to-day bookkeeping and accounting
  • Account Reconciliations
  • Employee expense processing
  • Time and Expense management
  • General ledger
  • Month and year close
  • Financial Reporting
  • Tax reporting
  • Payroll Administration
  • Subscription renewals management

Sales Order Entry

Sales Order Entry is a complex process that starts with cross verifying of credit worthiness of the client. After the credit worthiness is verified, the company decides whether the goods or services can be offered on credit to the client.
The next step is the Sales Order Entry, where details of the Purchase Order is entered into the ERP system for further processing. The step involves cross verifying of the PO with the quote and ensuring that all the requirements related to the order is captured. The delivery schedule and the shipping information is also captured at this point, into the ERP system.
Pentadesk Technologies helps organizations carry out their Sales Order Entry process seamlessly and helps ensure that all the data is captured correctly to ensure that the goods or service delivery is always correct in all aspects.

If your organization is looking to hire the services of the top accounting outsourcing company, reach out to our experts at Pentadesk today!

Frequently Asked Questions

What is bookkeeping?

Bookkeeping is the process of recording financial transactions. It is an aspect of the accounting process that involves preparing source documents for all the transactions of the business. These transactions involve purchases, sales, payment, receipt by organization or individual. There are different methods of bookkeeping, including a single entry system and a double-entry system.  

What is included in Bookkeeping Services?

This form of finance and accounting services is offered in a three-tiered approach that focuses on developing and maintaining the overall financial processes and management. A bookkeeper tracks all the payables and receivables. Additionally, he or she keeps all the business transactions well-documented. A bookkeeper can also handle deposits, manage payroll, maintain financial reports, etc.

Why should small businesses focus on bookkeeping services?

Bookkeeping services for small businesses are very important for various reasons. Small businesses are working on a limited budget, and to do the same properly, they need to organize their income and expenses correctly. Moreover, a bookkeeper will keep your books up-to-date so that your documents are ready to process for tax returns. You need bookkeeping to create your financial statements. And these reports allow you to have a better understanding of where your business is financially, thereby facilitating better analysis.

Why should you consider accounting outsourcing?

There are many excellent accounting outsourcing companies that are offering a wide range of financial services. If your core business is not accounting, then you should consider outsourcing the same because:

  • Generally, outsourcing companies offer services that are economical. Additionally, you also save money on salaries, office supplies, taxes, etc.
  • Recruiting an in-house accounting team can be a rigorous process. It takes a lot of time and resources to manage it. By outsourcing the services, you can invest time and resources in the core operational area of the business.

How to choose the right finance and accounting outsourcing company in India?

There are many finance outsourcing companies in India, so you should consider some factors when choosing a bookkeeper for your business. Firstly, make sure that the bookkeeper has the right education and certification to be working in the field. Additionally, the kind of experience the service provider holds also plays an important role. Before you choose the bookkeeper, ensure that he or she has a valid license and insurance to be providing the services. Make sure you are diligent with your research so that you will find the perfect bookkeeper for your business.