We manage your entire accounts payable including maintaining your vendor database, advising and setting up process and procedure, compiling, verifying and processing invoices and any other payment documents, preparing payment proposal for review by management, remittance to vendors upon approval from management and maintaining and updating transactions in accounting package.
Timely and prompt receipt of due invoices ensures healthy cash flow required for running your enterprise. With years of experience managing accounts receivable for clients, we have a finely honed process in place that enables our dedicated team of people to keep your days outstanding to the minimum. We maintain your customer database; compile, verify and process your sales invoices; establish follow up procedure for outstanding receivables; prepare outstanding statement for review by your management and, maintain and update transactions in accounting package.
While employee reimbursements are a necessary facet of every organization, it is a non-core activity that is best done by someone outside the organization for whom it is a core business. We enable our clients meet the requirements of employee reimbursements by receiving, compiling, verifying and processing claims from employees; advising and setting up policy and procedure; preparing payment listing for review by management; remitting to employees upon approval from management and, maintaining and updating transactions in accounting package.
It is becoming increasingly important to meet regulatory compliance across different constituents as mandated by law. We enable our clients meet the regulatory compliance by helping with application, liaison and seeking registrations from requisite regulatory authorities; advising and managing adherence of compliance across company law, direct tax, indirect tax, RBI, SEBI, exports and, employee and labor related constituents.
We enable you manage your fixed assets by establishing regulatory required record keeping; easy identification for cost center allocation; carrying out periodic verification and receive certification; recognition of obsolescence, depletion and depreciation and, ascertaining maintenance adherence.
We carry out periodic and business related reconciliations with group companies, vendors, customers, bankers and projects.
Payroll Processing and Management
Experience a wholesome support combining employer specific individual employee salary structuring, maintenance of employee master data, execution of monthly payroll process and regulatory payouts, salary disbursement via bank transfers into individual employee accounts, all regulatory formalities including statutory filings and, on-line access to employees for pay slip, TDS estimation slip, loan, leave, reimbursements, annual salary report, investment declaration and posting queries.
Where our clients need assistance with General Ledger, we adopt a collaborative method for maintaining and updating transactions in accounting package being client specific across all leading commonly used ERP’s and stand alone software. Besides this we also provide for updating India accounting transactions online into client head office accounting packages and perform month-end closure to suit requirements of client’s global accounting specifications and Generally Acceptable Accounting Principles (GAAP).
While it is generally preferred that the client retains treasury management function in-house, we bring our expertise by way of advisory support services in helping establish platforms for easy movement and best practice adherence of treasury management and, provide easy access and control over cash flow including multi currency.
This is best retained by the client leadership and management team as part of best practices to integrate in-house expertise and controls with KPK’s systematic processes and procedures.