Complete Financial Outsourcing
Complete Financial Outsourcing (CFO) is a core competence of managing enterprise risk and successfully executing business strategies. Since functions such as Tax Compliance, Payroll Processing, Consolidation and Financial Accounting demand dedicated time, resources and a high level of competence, our CFO services can help you to address such demands while staying focused on your core business functions and go-to-market strategies.
At IBA, we combine subject matter competencies, globally integrated experience and standard processes to deliver seamless, high-quality, transparent services. Our team comprises a group of dedicated professionals who provide tax compliance, accounting, consolidation, payroll management and other finance and accounting-related services to domestic and foreign companies.
We can offer you either a full suite of globally integrated and coordinated services, or customized services, depending on your requirements. Further, our CFO services are given either at a client’s location or from our location depending upon the requirement.
- Accounting in accordance with the GAAP including Revenue, Expense & Fixed Assets
- Inventory and Supply Chain Accounting
- Documentation and maintenance of complete and accurate supporting information
- Account Reconciliations (bank, cash, sub-ledger);
- Intercompany Accounting
- Group Consolidation
- Financial statement preparations and audit support
- Reconciliation, intercompany and fixed assets policies that drive effectiveness and efficiencies
- Customized reporting on various financial parameters
- High-level summaries and detailed data breakdowns for further investigation
- Decision support and control
- Budgeting and Forecasting
- Group consolidation activities for simplified reporting
- Support for group audit
- Payroll Processing
- Assistance in statutory compliances in relation to payroll services
- Assistance in tax issues related to payroll of individuals
- Personal employee support services concerning their payroll matters
- Employee payroll Help Desk
- Registration, calculation, submission, payments and return filling of
- withholding tax
- GST
- Provident Fund/ESI
- Professional Tax
- Assistance in opening corporate bank accounts to be used for operating and investment purposes at leading banks
- Establishing relationships with banks to facilitate client applications, depending on their specific needs
- Bank account signatory services for client bank accounts to facilitate payments, transfers and other transactions
- Remittance monitoring
- Maintenance of bank account records
- Liaisoning with banks when required
- Facilitation of Bank Guarantee facility