Large and medium-scale organizations need to balance operational, accounting, and other cost-related environments in order to create effective and efficient processes needed to succeed. If done within the organization, this employs a lot of internal resources for back office support and can be a huge cost.
The key activities in accounting services includes billing, Account receivables & payables management.
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Billing activities include, providing invoice processing, handling exception, providing customer service and reconciliation of accounts |
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Accounts Receivables management services include, analyzing receivables, outbound A/R follow-up, and reconciliation |
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Accounts Payable management services involve, imaging invoices, matching with other internal documentation (e.g., goods receipt), payment scheduling and funds allocation |
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IFRS are used in many parts of the world, including the European Union, Hong Kong, Australia, Russia, South Africa, Singapore and Pakistan. Nearly 100 countries currently require or permit the use of, or have a policy of convergence with, IFRSs. We can provide you back-office support if you're looking to meet these standards. Not only will we help you achieve these standards within a short span of time, but we also assure you of a price that could be up to 50% lower than standard UK charges for setting up your accounts in accordance with the latest standards.
As reported by the Economist on the 17th of May, 2007, "International Financial Reporting Standards ( IFRS ), which aim to harmonise financial reporting in a world of cross-border trade and investment, have made great strides since they were adopted by 7,000 or so listed companies in the European Union in 2005. To date, over 100 countries, from Canada to China, have adopted the rules, or said that they plan to adopt them. The London-based International Accounting Standards Board ( IASB ) expects that to swell to 150 in the next four years." See Full Article