Reconciliation Outsourcing

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24/5 Service Delivery

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Free Audit Support

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Zero Implementation Fees

Out-sourcing is the bottom line

Xero Accounting

If you want your business to perform better and smarter, a cloud-based accounting program is an investment worth making. Managing accounting in the cloud provides you with a comprehensive view of your finances that helps you make good decisions.

Xero, a cloud-based accounting software program, is revolutionizing the way people keep their accounting records and books. The system is available to users on any device, making it easy to access your accounting information wherever you are. Xero offers a comprehensive set of tools that make it easy for small business owners to keep track of their finances and make smart business decisions.

This is where we, at Fundtec, can help! Our Xero accounting services help you manage your finances more effectively so that you can focus on being productive rather than stressed out. We can help you complete your migration to Xero and set it up, as well as continue to manage your accounts after the fact.

 

Xero Setup-

  • Xero setup and installation

  • Creation of new Xero company file or conversion of existing files to Xero

  • Data migration from other accounting software systems.

  • Migrations of journals at a sub-ledger level

  • Reconciling the opening balances

 

-Xero accounting process and procedures.

  • Updating the books

  • Maintaining the ledgers

  • Closing books of accounts

  • Accounts payable and accounts receivable

  • Financial statement preparation and analysis including Profit and Loss Account, Balance Sheet, and Cash Flow Statement

  • Payroll Preparation & Processing

  • Cash Management including bank and Credit Card Reconciliation

  • Flux analysis and Trial Balance scrutiny
     

-Xero Accounts Payable

  • Accounts Payable lifecycle management

  • Processing the bills

  • Making the payments

  • Expense allocation processing

  • Processing the miscellaneous expenses

  • Preparations of Accounts Payable Aging Reports

  • Reconciling Bank Ledgers with Bank statements
     

-Xero Accounts Receivable

  • Accounts receivable lifecycle management

  • Preparing the calculations and required documents for raising the invoice.

  • Processing and raising the invoices to Clients

  • Preparation of Accounts Receivable Aging report

  • Following up with clients for Payments

  • Recording the receipts and matching them in the system

  • Reconciling Bank Ledgers with Bank statements


 

Why Fundtec for Xero Accounting:

 

The following are some factors that should be considered for outsourcing

Xero accounting Services to Fundtec:

 

  • 24/5 Availability- Our "follow the sun" model ensures that Asset Managers, irrespective of time zone, will get reconciliation services when they need them.

  • Solid Documentation- When someone is expected to perform a task, the most beneficial thing to do is create process documentation. That is what we do in our reconciliation outsourcing services. Our SOPs are updated regularly, and our team delivers reconciliation with certainty and confidence. Resources may come and go, they get migrated to different roles within the organization, or they're out sick or on vacation, whatever the case may be, when another team member steps in, you need good documentation with training in place to ensure continuity. 

  • Customized Offerings- One shoe size doesn't fit all, so Fundtec customizes and tailors its Reconciliation outsourcing solutions to fit the unique needs of every client.

  • Industry Expertise- Fundtec's team comprises professionals coming with a wealth of experience from investment banks, fund admin firms, and technology giants. For Reconciliation Services, we have expertise in handling all types of asset classes (from listed securities to OTC products), and reports from different fund admins, brokers, and custodians.

  • Scalability- Fundtec empowers clients with better scalability via plug and play model which is always customized to the client's needs.

  • Cost-Effective- Fundtec's expertise, innovation, experience, and result-oriented approach to operational aspects enable us to drive greater process efficiency, and we pass the benefits and savings to our clients.

  • Transition and Change Management experts: With years of experience in handling transitions, we always consider all stakeholders for changes and transitions. Our client-centric approach enables a smoother reconciliation transition for all types of clients. 

  • ISO Certified: We at Fundtec understand that every piece of information is crucial for our clients, so we follow the highest standards for maintaining quality and data security. Fundtec is ISO:27001 and ISO:9001 certified for providing Reconciliation Outsourcing.

Reconciliation Services

XERO ACCOUNTING