Business Outsourcing Services

To help you create an effective strategy for gaining and maintaining competitive advantages

  • Our outsourcing practice provides companies with a range of accounting, advisory and compliance services to support growth and cater to the changing needs.
  • Our dedicated team offers operational efficiencies through streamlined working processes resulting in cost optimisations in management expenses.
  • We offer an entire gamut of financial services, from employee payroll processing, accounting bookkeeping services to business processes, and auditing and assurance services.

Payroll Processing Check and Implementation Services

  • Calculating Paychecks and Tax Obligations
  • based on Employee Time Sheets
  • Providing Management Reports
  • Employee Self-service Features
  • Time off Tracking, Pay Master
  • Tax Liability
  • Labour Allocation
  • Accrual Balances
  • Payroll Tax Reporting
  • Pay Register
  • Department Summary
  • Job Costing
  • Workers Comp
  • Year-end Processes

  • Monthly Compliance Services

  • Responsible for Statutory compliance under all applicable laws including Companies Act, Income Tax Act, GST etc.
  • Responsible for periodic (as required) E-TDS returns, GST returns, Indian Pension fund filing, and any other filings/reporting’s as may be required for effective operations of the companies as and when required
  • Audit assistance including assisting the management in coordinating with the auditors for statutory audit process for both the units including addressing audit queries/observations under the guidance of Head office management team
  • Support and undertake as necessary direct and indirect tax audit requirements for both entities.

  • MIS Reports

    Doing things not just right, but also at the right time is very essential in adhering to tax compliances. Our gamut of services under GST & tax compliances include:

  • Daily/Weekly reports covering
       
    • Sales
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    • Purchase
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    • Inventory
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    • Resource
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    • Receivables
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    • Payables
    •  
    • Fund status
  • Monthly performance reports, including analysis as per agreed KPIs
  • Budget Vs Actual performance reports
  • Assistance in automation of dashboards and reports
  • Reporting for the board

  • Audit Assistance

  • Liaison with the audit team for requirement understanding and query resolution
  • Compliance with applicable accounting standards – US GAAP, Ind-AS, IFRS
  • Preparation of books, balance sheet, profit and loss, schedules and notes
  • Internal controls checks and compliance
  • Tax computation, ESOP computation, Compliance checks

  • Accounting and Bookkeeping Services

    Our accounting and bookkeeping services for small and big businesses in India have helped organizations solve business issues and assist with core bookkeeping functions. Additionally, if you opt for our outsourced bookkeeping services, we will help in areas including but not limited to accounts payable, accounts receivable, and payroll.

    With Busyness365, you will receive thorough and detailed accounting reports that best suit your organization. Our highly driven and dedicated accountants provide accurate monthly financial reports.

    As a part of finance and accounting services, we offer dependable account reconciliation services that clearly and accurately reflect financial statements. As a benefit to your organization, our timely reports ensure balances are accurate.

    Our team has the knowledge, experience, and dedication to provide precise and timely financial statement preparation services. We offer tailored services to your organization, ensuring your organization’s unique accounting and reporting needs are met.

    We provide nothing less than accurate, detailed, and timely year-end reporting services.

    We deliver organized audit preparation services with all up-to-date practices in order to deliver proper and satisfactory results. Our team will manage your financial audit process with the accuracy, detail, and meticulousness our firm is known for.


    Quality Control Operations Review and Assessment

  • Ensuring operational quality
  • Visual inspections
  • Functional tests
  • Incoming resource inspections and supplier evaluation
  • Production-accompanying tests
  • Goods issue checks
  • Sampling
  • Documentation, analysis and evaluation

  • Reconciliation Services

    • Periodic reconciliation of your bank statements with your internal financial records
    • Reconciliation of your General Ledger with vendor invoices
    • Full and Partial reconciliation
    • Reconciliation of internal accounting records with bank statements
    • Reconciliation of vendor account statements against bank statements
    • Full & Partial Reconcilement
    • Ledger reconciliation with vendor invoices
    • Paid checks matched against the issued check list
    • Other tailored reconciliation processes as relevant in your case

    Business Process Outsourcing Services

    This service helps clients to ensure that we can respond efficiently and appropriately, to customer queries/sales calls, feedback, surveys, and other activities, which would lead to success in their sales and acquisition strategies, thus leading to revenue generation

    Customer care offerings include customized customer service, after-sales support, revenue management and order processing services, among others. With our comprehensive inbound and outbound customer care support, email management, live chat and mobile SMS/text support, we address all the needs of your customers and enhance your brand value by implementing your Customer Relationship Management strategy, by functioning as a seamless extension of your business.

    The entire order process from quote to fulfilment requires optimization from the organization's perspective. Efficient order management results in cost efficiency, speedy and on-time fulfillment, increased customer satisfaction, reduced errors, generation of actionable insights, and educated decision-making.

    Our experienced and skilled staff can provide email support pertaining to various domains such as product queries, After sales queries, Information queries, Shipment information etc.


    Business Makeover

    Our Business makeover Services help our clients transform into a performance-driven, self-sustained organization by identifying their strengths, weaknesses, opportunities and threats (SWOT analysis) and building guiding principles adapting to the same.

  • Buy / Lease
  • In house production/ Outsource
  • Procurement models
  • Make/ buy
  • Hire / Out
  • Source

  • Business Process Redesigning Services

    A peek at the frauds occurring in businesses reveals that they occur primarily due to absence of good controls in the business processes that govern operations. Conversely, a very tightly controlled process runs the risk of inefficiency due to bottlenecks. It is, hence, very critical to define business process that maintains a good balance between controls and efficiency. We help you design & implement business processes that are scalable to growth in operations and has a good balance of internal controls and smoothness of operations – helping reduce inefficiencies


    Finance And Accounting Services

    Sourcing
  • Vendor Management
  • Negotiations & Contracting
  • Day-to-day Purchasing
  • Catalogue Management
  • Requisition Management
  • PO Processing & Helpdesk
  • P Card Administration
  • Master Data Management including Vendor, Item, and Material Master Maintenance

  • Invoice Processing & Helpdesk
  • Scanning, Indexing, and Coding
  • E-invoicing
  • Invoice Posting
  • Refund Claims reporting
  • Employee Claims (expense reimbursements)
  • Vendor Helpdesk
  • Payment Run
  • Disbursements
  • Discounting
  • Month-end Accruals and Taxation
  • Withholding Taxes

  • Reporting & Compliances
  • Cost Savings Tracking
  • Contract and Regulatory Compliance
  • Month-end Accruals and Reporting
  • Spend Analytics and MIS
  • GST and TDS, Tax filings
  • PF, ESI and social security filings
  • Payroll and salary processing, employee taxation
  • Incentives, refunds filings
  • Management audit and compliance advisory
  • Contract & Order Management and Customer Master
  • Contract Preparation & Compliance
  • Catalogue Management
  • Order Entry, Review and Release
  • Order Tracking & Validation
  • Distribution Coordination
  • Inventory Management
  • Customer Database Management

  • Credit Control and Invoicing
  • Credit Analysis and Review
  • Credit Appraisal and Credit Limit Management
  • Billing & Invoice Adjustments
  • Discounts & Allowances
  • Tax Accounting

  • Accounts Receivable and Collections
  • Collection Processing
  • Collection Applications
  • Unallocated Payments and Exceptions Handling
  • Collection Reconciliation
  • Bank Liaison
  • Discounts
  • Loyalty Program Management
  • Dunning Letters & Payment Follow-up
  • DSO Management
  • Bad Debts Provisioning
  • Legal Coordination for Recovery Proceedings
  • Collection Reporting & Analysis

  • Reporting / Analysis
  • Sales Trend Analysis
  • Revenue Forecasts
  • Cash Management
  • Budgeting and Planning
  • Month-end Reporting
  • General Ledger Accounting
  • Journal Entries
  • Reclassifications
  • Pre-payment and Adjustments Entries
  • Period End Accrual Entries
  • Inter-company Transactions Accounting
  • Reconciliations

  • Fixed Assets
  • Recording of Additions, Disposals, Sale, and Transfers
  • Review & Capitalize Work-in-progress
  • Depreciation Run and Posting

  • Period Closing & Reporting
  • Reconcile and Close Sub-ledgers
  • Review Accruals
  • Foreign Exchange Revaluation Run
  • Tally Inter-company
  • Post Final Adjustment Journal Entries
  • Trial Balance Generation
  • Release Periodic Income Statements and Balance Sheet
  • Statutory Reporting
  • On demand / One-off Reports
  • Income Tax Filings, Handling Compliances, and Accounting

  • Treasury
  • Cash Management & Forecasting
  • Bank Reconciliations
  • Analysis and Reporting for Hedging
  • Debt Management and Reporting

  • Other Services
  • Financial Planning and Analysis
  • Management Reporting
  • Budgeting and Analysis
  • XBRL Tagging & Filing
  • Setup the accounting policies and procedures
  • Tax preparation & Advisory
  • Project management
  • Budgeting
  • Compliance
  • Secretarial
  • Ind-AS, US GAAP & IFRS Reporting
  • Reconciliation of intercompany transactions
  • US Tax Return Preparation Services

    We have a staff of CPAs ready to serve you. We will reduce your costs drastically by giving us your business. We can ensure reduced payroll expenses, maximum return on capital, accelerated workflow. We guarantee the workload we take on will allow you to focus on expanding your client base.

  • Federal Return Filing
  • State Tax Return Filing
  • City Tax Return Filing
  • Consultancy on 401K & Retirement Plan
  • E-filing the FBAR (Foreign Bank & Financial Account Report)
  • ITIN (Form W-7) Applications
  • SFOC Procedure (Streamlined Foreign Offshore Compliance procedures)
  • FATCA Reporting Compliance
  • Get the right advice for efficient tax planning
  • 4868/2350 Extension Filing
  • Amendment Tax Return with IRS compliance

  • Financials Preparations Under Us GAAP

    Preparation of financial statements that give a true and fair view in accordance with the applicable Financial Reporting Standards and other generally accepted accounting principles in India, including US GAAP standards.


    Legal Services

    Our Offerings

    Document review and analysis for regulatory and internal investigations, litigations, and compliance reviews.

    Review, analysis, abstraction, negotiation, and consulting across multiple agreement types and industries.

    Due diligence and related support for mergers and acquisitions, spin- offs, divestitures, and corporate restructurings.

    Customized program design and support to help comply with regulatory requirements or internal policies.

    Strategic planning and execution for companies’ intent on running their legal departments like a business.

    Invoice review programs to monitor compliance with billing guidelines and develop meaningful legal spend analytics.




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    Get In Touch

    Contact Info

    Phone number

    +91 8686862467

    Email address

    info@busyness365.com





    Address info

    Flat No : 202, Lakshmi Kalyan Apartments, Bhagya Nagar Colony Kukatpally, Hyderabad, Telangana - 500072