Accounting and remote bookkeeping services from inception for business owners and accounting firms:

E Mark Technologies is currently engaged in the provision of accounting and accountancy services to an extensive client. E Mark Technologies ensures that the quality of our services is consistently maintained and that each work order is held to the highest standards of quality. Our proficient group of experts assists our clients in diminishing operational expenditures while delivering optimal support and consulting, in addition to expanding our core services. Why should Outsource Bookkeeping and Accounting Process?

Focus on Business:

Always focus on client’s business activity efficiently

Reduce Costs:

It helps to reduce costs on overhead expenses like salary and other benefits

Accounting Experts:

The experts will provide you the better access and view of financial position of the company and serving you without high-cost implications

Efficiency:

The outsourcing partner helps increase companies’ overall business efficiency

Capital Saving:

Save capital expenditure on infrastructure like computer system, workspace and other benefits.

Reduce Overhead Costs:

It helps to reduce costs on overhead expenses like salary and other benefits

Accounting Experts:

You get access to a pool of experts serving you without high-cost implications.

Focus on Core Services:

Outsource partner allows you to focus on your core business activity better when you opt for outsource services for Finance and Accounting

Our Services

1) Bookkeeping
2) Accounts Receivable
3) Accounts Payable
4) Payroll Process
5) Financial Planning & Analysis
6) Month close Financials
7) Balance sheet reconciliation process
8) Reporting (MIS)

Bookkeeping:

A well keeps bookkeeping record can help businesses have better insight into the business functioning while also providing a better base for strategic financial planning. Bookkeeping is pivotal for every business and must be conducted accurately and efficiently.

Our outsourced accounting and bookkeeping services in Bangalore in India are customized according to the need of Business. We also specialize in bookkeeping and accounting services for small businesses and use the best bookkeeping. Once you outsource with us like dozens of different clients and we will make sure that your books of account are updated, organized, and neat round the year.

Our outsourced back-office bookkeeping services cover everything from AP/AR processing, employee expenses, month-end close, monthly financial statements, management & statutory reporting, and audit support. We take care of it all activities.

Highlights of Bookkeeping:

1) Manage entries
2) Expense tracking
3) Credit card expenses tracking
4) Post entries into the books
5) Generate statements
6) Keep track of payments
7) Account receivables & payables
8) Invoicing
9) Record maintenance
10) Customer support like; Payment follows ups.

Accounting Workflow:

Account Setup: Creating Chart of Accounts

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Integration (Bank Account, Credit Card and Expenses reimbursement process)

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Processing (General Ledger Accounting, Accounts Payable (Procure to Pay), Accounts Receivable (Order to Cash) and Balance sheet reconciliations.

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Reporting (Balance sheet, Profit & Loss, Variance analysis, Aging reports and others)

Accounts Receivable:

1) One of the most considerable assets on a balance sheet is Account Receivable. Even though most businesses are aware of its significance, it fails to perform this task efficiently.

2) Businesses are not able to allocate their time and resource efficiently for accounts receivable. Most of the businesses are focused so much on acquiring new customers and then delivering the product and services to the customer that they end up spending a significant chunk of time and effort on the same. They end up neglecting to collect the receivables, which might cause an obstruction in the cash flow and can result in causing debts for the company.

3) Long due accounts receivables can turn into bad debts, which is not desirable for businesses. While it is good to receive payments immediately, this is not possible for every industry due to the credit period existing in every industry. So, appropriate accounts receivable management is crucial, which will let you managed accounts receivable in a continuous and timely manner. One easy way to deal with these issues is to outsource accounts receivable.

Accounts Receivable Management Services:

1) Maintaining a record of the Invoices
2) Regular billing and delivery to customers
3) Creation of invoice
4) Record of received payments
5) Applying the payments with invoices
6) Linking Payment Gateways and the Accounting software (Offline payment process)
7) Constant follow-ups with customers for pending invoices
8) In-depth analysis of accounts receivable reports
9) Perform customer account reconciliations

Benefits of Outsourcing Accounts Receivable Services:

1) Increase efficiency
2) Cost effective
3) Customer relationships
4) Continues payment follow up’s with customers

Accounts Payable:

1) Accounts Payable is a form of credit that your business can avail from your suppliers. It allows delayed payment for products or services your business avail.

2) Accounts payables should not be ignored at any cost as this will only disrupt cash flow and ruin relations with your suppliers. It also affects your working capital, which will lead to the reduction of the overall profit.

3) A credit period is allowed by the creditors and suppliers, and in a few cases, you might avail discount when it is paid before the due date. But not paying on time might have a more significant issue like breach payment terms with your suppliers, which might land your business in legal matters. Accounts payable outsourcing services can be the perfect solution for managing all your payable's needs.

4) We understands that accounts payable is essential to keep up with smooth cash flow. Hence, we provide outsourced accounts payable services that help you process accounts payable efficiently. Our accounts payable outsourcing services can help you to manage your accounts payables efficiently.

Accounts Payable Services:

1) Vendor management
2) Regular bills process and share with Vendors
3) Expense reporting
4) Vendor communication
5) Monitoring payment terms and discounts
6) Constant follow-ups with vendors for pending invoices
7) In-depth analysis of accounts payable reports
8) Perform vendor account reconciliations

The benefits of outsourcing accounts payable:

Potentially reduced costs:

It is possible that outsourcing your AP duties will be more cost-effective than hiring and training your own team. Outsourcing may save you money.

Administrative, tracking & reporting:

Managed AP services can offer reporting on cost per invoice and time to payment among others, and routines such as analysis, month and year-end close, reconciliation, and AP document management.

Uptime and accountability:

This means that will have systems in place to handle both a PO-backed or non-PO process, discrepancy resolution, vendor management and sometimes administrative support.

Payroll Process:

1) Payroll generally is an operating expense for businesses provided the human resource employed contributes to the manufacturing or service process of your product and service.

2) A business cannot neglect the payroll function as it is a function that helps to calculate the total amount the company needs to pay to its employees for a certain period. Paying the employees on time and accurately can be a tedious task for small and medium businesses, but that being said, it cannot be avoided as doing so will lead to employee dissatisfaction and penalties from the government.

3) Payroll management can be a time-consuming activity with a task like mapping timesheets, preparing employee and employer workings. The best way to take care of your payroll management is to outsource this function.

Benefits of Outsourcing Accounting Payable Services:

1) Reduce Personnel Cost
2) Increase Efficiency
3) Continuous Tracking
4) Review the activity thoroughly
5) Checking of timely payment of invoices
6) Monthly, quarterly and annual reports sharing
7) Checking for 1099 eligibility
8) Safe and secure access to your data

Payroll Management Services We Offer:

1) Payroll data entry, payroll data processing including tax calculation
2) Calculating the exact amount due to employees after deduction of taxes
3) Recordkeeping & administration
4) Monthly, Annually Employer or Statutory compliance

Roadblocks in Payroll Management:

1) Time-consuming
2) Compliance
3) Accuracy
4) Dedicated Team

Month close Financials and Balance sheet reconciliations:

1) Each month, we will provide detailed reports like Profit & Loss, Balance sheet, Cash flow and Budget vs Actual information.
2) Schedules will be provided along with the balance sheet reconciliations.
3) Customized reports will be provided as per the business requirement.
4) Detailed variance analysis will be provided for better visibility and understanding.
5) MIS reports will be published based on the requirements.
6) One click can allow you to view the full financial package information.
7) Budget vs Actual information will be shared.
8) Detailed balance schedules will be shared for each account.
9) General Ledger information will be published.
10) The monthly financial package will be shared in consolidation reports.