RSM India

Financial process outsourcing

Supporting and empowering you every step of the way   

We possess the necessary expertise and relevant resources required to provide cost effective and high quality accounting and business process outsourcing services. Such outsourcing of non-critical functions can help your organisation to concentrate and invest resources in your core businesses, by freeing up valuable management time.

We provide assistance on a wide variety of accounting processes ranging from bookkeeping to accounts, payroll processing, finalisation and tax work. We manage your finance and accounts with high level of confidentiality, integrity, professionalism, accuracy and timeliness. We have also developed specialized teams to provide services for new emerging areas, vis-à-vis:


How we can help:

Onsite and offsite financial process outsourcing including the following:

  • Comprehensive bookkeeping & accounts processing
  • Periodic review and finalisation of accounts and financial statements including IFRS financial statements
  • Monthly management accounts and quarterly VAT / GST returns
  • Payroll processing
  • Compliance assurance (direct and indirect taxes)
  • Transaction processing services:
    • Purchase payment processing
    • Sales invoice processing
    • Accounts receivable / payable
    • Compilation of fixed assets register
    • Travel claims management
    • Reconciliation jobs (bank, payables, receivables, etc.)

We also help organisations to meet some of their immediate requirements by deputing appropriate personnel based on their specific needs.

Financial process outsourcing - Advantage RSM

Our following strengths help you reap the advantages of outsourcing your accounting and other business processing needs to us:

People:

  • Well experienced and highly skilled professional staff with proven project management skills
  • International orientation
  • Dedicated teams for specific clients
  • Exposure to varied sectors such as finance, manufacturing, entertainment, service, retail, hospitality, healthcare, etc.
  • Comprehensive knowledge and vast experience of various accounting practices

Process:

  • Internal quality assurance processes: We ensure that for all our key engagements, there is a quality assurance review and monitoring by an independent team
  • Process orientation: We ensure that all the processes are appropriately captured and shared with our operating and supervisory teams to ensure smooth functioning and proper controls. These processes are captured in engagement specific accounting manuals, compliance manuals and area specific checklists which we prepare as Assignment Controlling and Monitoring tools
  • Independent Quality Monitoring cell: We have a separate Quality Monitoring cell which is entrusted with the task of ensuring that all the specified quality assurance activities for each engagement are effectively followed
  • Effective and elaborate transition / migration process: For each of our engagements, we have a detailed transition/migration process agreed upon with our clients
  • Commitment to timely delivery
  • Training: All our accounting outsourcing personnel across India undergo a monthly training on various relevant matters and updates
  • Providing periodical updates on key changes happening in the accounting and compliance areas to our delivery teams through monthly news letters / flash reports

Technology:

  • Well conversant with emerging technologies: RSM focuses on leveraging the latest available technologies to enable cost-effective accounting outsourcing solutions
  • Our team is well conversant with the various ERP as well as standalone accounting softwares

Our credentials:

  • RSM in India is consistently ranked amongst India’s top six accounting and consulting groups and is the world’s seventh largest network of audit, tax and consulting firms
  • Indian personnel strength of over 1,200 people having expertise in diverse fields and nation wide presence
  • Extensive experience in advisory, taxation and accounting matters across various industries and service verticals
  • Dedicated team of outsourcing professionals comprising of Chartered Accountants, Management Graduates, Cost Accountants, Secretarial and Legal professionals, with wide exposure to various sectors

 

Ind AS advisory

25 July 2017
Bringing expert global and local knowledge to your accounting environment

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Kindly find herewith our newsflash on the amendment to the Rule 5 of the Companies (Audit and Auditors) Rules, 2014 which specifies the companies to which provisions of section 139(2) of the Companies Act, 2013 (Rotation of Auditors) apply.

Are You GST Ready?

1 June 2017
Help Desk: For any query or assistance related to GST, reach out to us at  GSThelpdesk@rsmindia.in .

IND AS NOTES: Revenue / Income Recognition in the Software Sector - Key Changes in IND AS

6 January 2016
This article deals with changes under Ind AS that significantly affect the accounting of revenue by Indian software/technology (IT/ITeS) companies. In addition to revenue recognition, it also deals with recognition of investment income.

How can we help you?

Contact us by phone +91 22 6108 5555 or submit your questions, comments, or proposal requests.

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