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IBSN Corporate Services provide comprehensive bookkeeping accounting services for companies and organizations of all types and individuals as well. Our bookkeeping services are a unique combination of bookkeeping and accounting software skills, people competencies and efficient processes that conform to corporate standards.
We work on the philosophy of quality, accuracy, and timeliness. We combine proven operational methods and error-free quality control system with state-of-the-art technology to deliver unmatched solutions for your accounting and bookkeeping requirements. A unique quality assurance methodology that conforms to international standards is followed to ensure that your projects are completed on time and without any scope for errors.
We have proficiency across all the major accounting software used in the industry for book-keeping services, such as Quick Books. We have a dedicated team of well-trained accountants and professionals who can quickly adapt to customers' specified software and processes, and at the same time ensure quick turn-around time and quality standards.
Client Services
With our knowledge and experience, we provide services for all your Bookkeeping, Accounting, whether it is creation of your books from scratch, updating your books periodically, or maintaining them full-time, we provide you personalized and professional services while saving your time and money and helping you to concentrate on your core business activity. Having industry experience helps us to know and understand the issues which you face on a daily basis. Our organization stands on the grounds of the core values of honesty, transparency and integrity that have helped us to serve our clients better and build lasting relationships with them
Our Services covers all aspects of accounting and bookkeeping, including: -
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Quick book Training and Setup |
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The main objective of any accounting software program is to be able to provide you with accurate financial information (reports on the fly) to help you determine the health of your business.
IBSN Corporate Services Accounting Services can set up, and customize your QuickBooks accounting software to insure that you can easily and accurately manage your QuickBooks accounts. Not only can we correctly set up your QuickBooks, we can personally train you on how to use it.
We provide training and consultancy services to businesses surrounding area. These services may include: |
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An understanding of your business requirements and an analysis of your software needs |
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Installation and set-up of appropriate Quicken software |
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Tailoring of Quick books software to suit your unique business needs - this includes customizing your chart of accounts, taxation preferences and reports, etc |
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Training in the use and application of the software, including ongoing assistance in the use of the software features. |
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Ongoing support and reviews of your Quick books software, including sales of new and update versions. |
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Other individual ongoing bookkeeping and support services such as monthly Bank Reconciliation, related transactions and all other preparation, designed to provide the business owner with confidence in the integrity of his recorded financial transactions. |
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We offer hands-on training programs that show users how to enter past or current information and establish QuickBooks transactions. |
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QuickBooks is the ideal business accounting software for small to mid-sized business owners. Following are the reasons why you should be using QuickBooks. |
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You save time on bookkeeping and paperwork. |
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You can easily generate the reports with the information you need. |
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You save money because QuickBooks is so affordable. |
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Your business can grow with QuickBooks. QuickBooks will help you design a business plan to use when trying to secure a small business loan or line of credit or to plan for the future. |
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You can customize QuickBooks to work the way you want. QuickBooks is specifically designed to be flexible and adaptable to a wide range of small businesses. |
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You can rest assured knowing that QuickBooks is a stable, reliable and proven product. |
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You save typing time and errors by sharing data between QuickBooks and over 100 business applications. |
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You will get paid faster with QuickBooks online payments. |
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You can easily accept Credit Cards. |
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You can pay your bills and bank online. |
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Accounts Receivables |
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Account receivable services managing working capital and maintaining cash flow are vital for any businesses for meeting liquidity needs. Technological advancements have expanded account receivables services the options for processing these day-to-day transactions quickly and accurately. IBSN CORPORATE SERVICES utilizes innovative processes and unique methodologies combined with the latest accounting software systems for processing day-to-day transactions in a quick turnaround time.
Account receivable process checks, post payments, transfer funds, and even provide digital images. Entering invoices into accounting system, matching invoices with receipts and purchase orders, let your tasks be simple or complex; we have every resource to assist any business in increasing their control on every account.
IBSN Corporate Services Accounts Receivable Services enable our customers to effortlessly deal with this key finance function that impacts cash flow and is so essential for maintaining a strong and vibrant business. Enabling our customers to increase their control on every account with consistent follow-up on outstanding invoices, and extensive reporting on account activity, our Accounts Receivable Services facilitate quicker payments and improved cash flow.
The speed and accuracy of invoicing and processing sales transactions dictates how rapidly you will be paid. If there are large volumes of transactions, the accuracy with which the invoice and subsequent payment is processed is often an issue. Suppliers with hold payment to statements that are not accurate and they create cash flow peaks and troughs. Our deep industry experience combined with functional specialization helps us to provide you maximum value for your investment. By providing effective solutions, we serve as an extension of your business.
Benefits from our Accounts Receivables outsourcing:
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Ensuring internal control |
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Effective expense administration |
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Timely reconciliation of accounts receivable |
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Improved cash flow is achieved by reducing delinquencies and minimizing bad debt. Increase in salvaged revenues from primary charge-offs through a highly experienced collections team also adds up. |
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Reduced costs by leveraging global labor pools and reduced expenses through capital avoidance associated with the development, deployment, and maintenance of collections systems and infrastructure. |
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Improved customer loyalty through quality assurance processes and a problem solving approach. |
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Improved speed and flexibility by providing scalable resources, complex collection technologies and reporting standards, intelligence into causes of delinquency available and improved cash flow. |
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Accounts Receivables Work Flow: |
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Receipt of Scanned billing information from the client and making AR entry by viewing the image |
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Quality Control and billing report to client |
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Approval or otherwise by client |
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Printing of sales invoice |
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Cash application to appropriate invoice |
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Quality Control and report to client |
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Accounts Payables |
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Accounts payable is the amount of money that a company owes to its vendors for goods and services purchased on credit. It is a current liability of a company and has to be fulfilled within a year.
Accounts payable reconciliation & management can be a time consuming process and can take a long time to resolve discrepancies. Large organizations therefore use accounting software or take the help of professional accounting firms for managing its accounts payable. A close check should also be made on fraudulent invoices, to prevent embezzlement.
Accounts Payable outsourcing services at IBSN Corporate Services are focused at transforming our customer’s entire payment activity by effectively automating the processes of documents management, transaction management, exception resolution, elimination of duplication and disbursement-related services.
Our Accounts Payable Outsourcing Services offer our global customers the flexibility to outsource all or part of their accounts payable business functions.The Accounts Payable Outsourcing Services provide you with the advantages of cutting edge technology and skilled staff without having to invest in these or buying and maintaining expensive software. We provide industry best practices leading to reduced discrepancies and greater financial control which finally translates into enhanced profitability.
Benefits from our Accounts Payable Services: |
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Improved business intelligence facilitated by the big picture available to the management. |
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Improved financial control made possible by our transparent processes and 24x7 secure web access to customers. |
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Reduced invoice discrepancies and disputes. |
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Strengthened Vendor relations. |
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Online repository for easy access to invoice transaction audit trail and access to supporting documentation required for audits |
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Accounts Payable Work Flow: |
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Receipt of Scanned Invoices and AP related documents from client |
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Indexing the document as per document type by viewing the system |
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AP entry by viewing the image. |
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Quality Control & Exception Management. |
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Approval by the client |
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Authorization for Payment or otherwise by client |
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Bank Reconciliation |
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Businesses make deposits and receive numerous receipts from their clients on a regular basis. Bank Reconciliation is a highly complicated and time consuming process. Reconciling your bank account statement is an absolute necessity even if it is a costly and time consuming task. IBSN Corporate Services Accounting Services helps to resolve discrepancies in your bank statement by performing complicated processes such as sorting various transactions by type or date, deducting errors or by adding deposits in transit.
Additionally bank reconciliation servers are highly secured, firewall protected and well monitored round the clock by experts who prevents unauthorized access to our network and systems. IBSN Corporate Services provide a wide variety of reports reflecting debit and credit activity, and exceptions that have occurred on the account.
IBSN Corporate Services checks the accuracy of your bank statement details, payments made into your account and withdrawals from your account that helps to identify the problems. Our bank reconciliation services by adding up all the amounts tell you whether your books agree with your bank balance statement. We recognize that no two businesses are the same and follow a client specific approach. Each professional is assigned to only a single client, this helps them in developing specific knowledge required for that particular client
Our bank reconciliation services is most beneficial for organizations that do numerous financial transactions. Bookkeeping services employs unique processes, time proven methods and experienced professionals to provide you with world class bank reconciliation process. We offer you the flexibility to outsource some individual functions or to outsource the entire internal accounting and bookkeeping functions to us.
Bank Reconciliation Benefits: |
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It makes important updates to General Ledger and receives timely entries from the other applications. |
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Provides the ability to eliminate bank statement errors |
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Enables to control cash outflow with the Void Checks and Stop Payments function |
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Verifies the amount of cash in your account |
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It uncover irregularities |
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Bank Reconciliation Workflow: |
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Receipt of scanned or fax Bank Statements, Supporting Documents and Information from client.
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Bank Reconciliation for the received documents as per whatever periodicity. |
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Quality Control and approval from client |
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Reports send to the client. |
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Financial Statements Preparation and Reporting |
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Constant changes in accounting standards make financial statement analysis and footnote disclosure preparation a highly technical and time consuming task. Our bookkeeping service provides well-organized financial statement records to ensure that your business operation is efficient and successful. IBSN Corporate Services bookkeeping financial statement aim to increase the efficiency and profitability of our client's by making their business processes easier.
Financial Reporting System (FRS) includes the preparation and submission of trial balances, financial statements and other reports needed by fiscal and regulatory agencies.
Financial reporting and analysis has become crucial for all businesses today because financial reports are necessary to assess a company’s financial performance. Organizations need to know and understand how their organization has fared during a specific financial year. Financial reports would give the organization an analysis of how the organization performed. An organization can find out if its performance was excellent, good, satisfactory or poor with the help of effective financial reporting services.
Outsourcing financial reporting services to IBSN Corporate Services can give you access to professional and effective financial reporting and analysis services. Our expert financial reporting services can help you take informed business decisions. At IBSN Corporate Services, we can prosvide competent financial reporting services. We can prepare financial statements and reports and give you a detailed analysis of the financial performance of your organization. We can assess the financial reports of your organization and give you a report of the overall profitability of your organization.
At IBSN Corporate Services, we have a skilled and well trained financial services team who can provide efficient financial reporting services. Outsourcing financial reporting services to IBSN Corporate Services can help you benefit from professional services at a cost-effective price. You can also save on time, effort and resources. Our accurate financial reporting services can help you gain a perspective of where your organization stands. Our effective reporting services can help you take informed business decisions about your.
We provide the following professional Financial Statements: |
Income Statement
The income statement summarizes the costs, expenses and revenue acquired over a particular period of time. This financial report provides information about the capability of the organization to make profit by minimizing costs and maximizing revenue.
Balance Sheet
The balance sheet is the most vital financial statement. The balance sheet displays the organization’s net equity, assets and liabilities at a specific date.
Statement of Cash Flow
This statement provides a summary of the organization’s cash flow activities. This includes, the organization’s investing, financing and operating activities. The statement of cash flow also displays the organization’s beginning and ending balances of cash.
Bank Reconciliation Report
The bank reconciliation report presents information about the cash balance shown on an organization’s books at a specific date. This report settles this balance with the amount displayed on the bank statement of the organization.
Financial Analysis Report
This report evaluates the balance sheet of the latest month with the balance sheet of the previous month. The report displays the changes in the equity, assets and liabilities.
Operations Analysis Report
This report presents the expenses, costs and sales by category. For each type of sales, the gross profit and percent of gross profit is displayed. This same is done for the expenses.
The report displays information pertaining to a particular month and compares information between current and previous years.
Benefits of Outsourcing Financial Statements Preparation and Reporting services to IBSN Corporate Services: |
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Save on time, effort and manpower |
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Focus on your core business |
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Take informed business decisions with our professional reports |
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Fast and accurate servicess |
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Cost-effective and high-quality services |
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Incorporate a company |
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