MindSpace Outsourcing has a flawless record of delivering outsourced bookkeeping services to growing and changing businesses in all industries. Our Outsourcing bookkeeping services help you to conduct some of your company’s recurring internal activities. You can outsource your organization routine activities, such as financial bookkeeping, bank reconciliations, tax reports, accounting and reporting, in order to reduce your costs and to increase efficiency. MindSpace Outsourcing offers professional bank account reconciliation services for small and medium sized businesses.

Accounts Payable

• Reduce accounts payable processing cost.
• Greater supplier satisfaction
• Customized reporting
• Inegrate and manage supplier facing processes
• Supplier network management
• Exception resolution
• Multi level invoice validation

Accounts Receivable

• Record and account for revenue
• Maintain client Bill and statements
• Reduce daily sales out-standing
• Maximising the financial liquidity
• Reduce operational and administrative cost
• Customer creation and updates
• Booking of receipts

Bookkeeping services

• Double entry bookkeeping
• Trial balance finalization
• Setting up charts of accounts
• Taxation and return preparation
• Customized bookkeeping solution available
• Perform year-end closings

Bank/Credit Card Reconciliation

• Clear outstanding payments.
• Clear deposit taxes
• Quick and precise matching of companies book and bank balances.
• Prepare details of variances
• Verify consistency of balances
• Reconcile receivable accounts
• Reconcile payable accounts

Management Reporting

• Empower outsourcing partners
• Cash flow statement
• Profit and loss statement
• Real-time report updation
• Revenue and profit forecasting

Finance and Accounting Outsourcing Services for CPA’S

Bookkeeping and general accounting

• Fixed asset register
• Financial report and analysis
• General ledger
• Daybook ledger
• Petty cash book
• Double entry bookkeeping
• Inventory payroll processing

Fixed assets accounting and management

• Real-time report updation
• Reporting solutions available
• Management reporting within the budget
• Expense and overhead analysis
• Finance and Accounting Outsourcing

General Ledger

• Contains summary of every transaction
• Prepare and post adjustments
• Resolve posting errors.
• Year-end adjustments
• Review sub-ledger entries

Treasury and financial services

• Maximizing liquidity
• Mitigating the operational risk
• Identify opening balances
• Forcast closing balances
• Process daily bank lines

Infrastructure

• 2500sq ft working space
• High-speed online connectivity
• Biometric access
• Different means of dispatch are available-skype, vonage
• Antimalware programs placed on all computers
• Facility for 100% data redundancies
• 24/7 power backups facilities are available

Our staff –bookkeepers, accountants and tax preparers

Our highly skilled team comprises of graduate and post graduate.they are 100% English speaking and have experience level ranging from 6 months, till 5 years in industry. Our people are hired, trained and supervised.
We have created a delivery team of highly trained accountants to carry out bookkeeping assignments with considerable hands of expertise and conversant with the latest guidelines.

Outsource bookkeeping process option include remote access based,hosted software based,server based and online options.

Remote login

• Data location is computer
• Data access on your computer
• Hardware required computer,scanner,fax
• Highly used
• Data backup is manual

Hosted software..

• Data location is managed server
• Connect to server over internet
• Login to server
• Hardware required scanner/fax
• Ideal for mobile users

Online software

• Accounting software provider
• Data cannot be downloaded,view online
• Login to accounting software provider
• Software functionality is limited/fax
• Data backup is automatic