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Outsource Financial Statement Preparation Services

Financial Statement Preparation Services

Whether it is a small-scale business or a large multinational company, financial statements are important and can never be underestimated. These financial reports and statements are usually prepared on a monthly, quarterly, or annual basis and allow the related stakeholders to quickly gauge how well the business is doing and how it compares to the previous year. Based on the business or the type of organization, financial statements are often called by different names while serving the same purpose. This includes income statements, balance sheets, cash flow statement, statement of stockholders’ equity, fund flow statements, etc. Numbers revealed through these financial statements play an important role in decision making and help the leadership group to adjust to market demands swiftly.

At Outsource2india, we have more than a decade of experience in working with businesses and investment funds and offering them with the highest quality financial statement preparation services. We possess the requisite technical skills, and the knowledge required to prepare financial reports in a timely manner.

Our Financial Statement Preparation Services

At O2I, we have a select team of individuals who are experts in preparing financial business statements and have a strong asset management background. They are also experienced in both US IFRS and GAAP reporting and have worked with a variety of different fund structures. Our services include -

  • Compiled Financial Statements

    We can prepare thorough complied financial statements as necessitated by your company’s management. In this case, we do not verify the accuracy of the numbers and therefore do not hold ourselves responsible for the numbers, but at the same time ensure no accounting errors are present in the financial report. We make corrections and then present the same in a standardized format, complete with a balance sheet or income statement, but without any disclosures or footnotes.

  • Reviewed Financial Statements

    Reviewed financial statements require a higher level of service and is more detailed and thorough than a normal compiled statement preparation. We check the integrity of your data and perform additional inquiries to identify items that require further analysis. We take extreme effort to understand the nature of your business and your goals, which help us to prepare financial reports that look beyond the numbers and tell the whole story.

  • Other Accounting Services

    When you outsource financial statement preparation services to us, we also provide expert accounting services which can help you develop your own systems to generate financial reports. Our teams are trained in handling various accounting software such as QuickBooks® Pro, and can assist you in the initial setup, training, or development of the accounting system. We also help you introduce cloud-based financial accounting to help you gear up for the future, while ensuring your financial statements are always prepared before time and with 100% accuracy.

Apart from the above, we also offer the following services -

  • Account keeping (monthly / quarterly / annual)
  • Accounting system setup for new businesses
  • Adjusting and closing of entries
  • Financial statement analysis and projections
  • Balance sheet preparation
  • Cash flow statements
  • EOY, monthly and, quarterly reports
  • Bookkeeping process review
  • Fund flow statements
  • Bank reconciliation statements
  • Statement of retained earnings
  • Income statements
  • Trial balance for journal and adjustment entries
  • Ledger preparation

Preparing Financial Statements - The Outsource2india Approach

From a simple business loan to complex income statements preparation, at O2I, we specialize in putting together high-quality financial reports within short turnaround times. Accounting standards are different worldwide, and changing regulations means you need a partner who is always on the top of his game when it comes to preparing your financials. Some of our key differentiators include -

  • Day-to-day maintenance and upkeep of records which help you draw financial statements at any point in time
  • Accurate and error free statement preparation ensuring smooth and hassle free corporate audits
  • Compliance with country specific statutory regulations and relevant accounting/auditing standards
  • We use the latest bookkeeping and accounting software such as Quicken, MYOB, QuickBooks, Intuit ProSeries, NetSuite, Peachtree, MAS 90, MAS 200, MAS 500, SAGE, and Lacerte
  • Generation of financial reports coupled with expert analysis of financial statements
  • Error free preparation of statements ensured by stringent quality measures. We can guarantee an accuracy level of 98%

Why Outsource Financial Statement Preparation to O2I?

At Outsource2india, we understand how time-consuming is it to prepare a financial statement, and given today’s cutthroat business nature, financial statements are prepared monthly to take swift decisions. Our financial statement preparation services are therefore extremely well-suited to both small and large businesses, and can provide you with the following benefits -

  • Better Financial Transparency - When it comes to your balance sheet, even the smallest number can have a significant impact on your overall business. Assets change in values after purchase, and a percentage must be deducted from their value due to depreciation. Our financial reports allow you to achieve complete transparency, as you will now always know how much liquid cash you have and how much is in accounts receivable. Your shareholders and management will also benefit from this transparency, allowing you to take stronger decisions without worrying about the numbers.
  • Calculate Your Tax Liability - Corporate tax rates are never going to diminish, and as your company makes more profit, you end up having to pay more taxes. Once these taxes have been cut, you are often left with an amount you never expected. Efficiently created tax statements can vastly reduce this tax burden, as we have the know-how and the experience in legally helping clients reduce tax liability.
  • Remove Errors - When it comes to financial statements, accuracy is of the utmost importance to catch any misdoings or mistakes and nip them right in the bud. Sometimes numbers are lost or not recorded properly, while other times it could be because someone is trying to defraud you. We spend a lot of time in reconciling your books so you don’t have to, and make sure all the numbers add up to ensure complete reliability. This is especially true when it comes to investment banking, as it is very easy to perform misappropriation of funds when dealing with large, moving quantitates.
  • Improved Trust - Accurate financial statements and the transparency associated with the same allow you to build both customer and employee trust. When a company is doing well and is fully transparent, their finance statements show it. We believe in helping you achieve this level of trust by helping generate accurate and dependable financial statements.
  • Better Payment Cycles - Businesses need to optimize their accounts payable and accounts receivable so that a steady cash flow is always maintained. Salaries and daily wages always need to be paid, and shareholders need to be provided their dividends on times. All this becomes much simpler when your numbers are in order. If a loan is overdue, then you need to know how much interest must be paid so that you can follow it up later. All this is possible because of accurate financial reports and statements.

Choose Outsource2india for Accurate and Reliable Financial Statements

At O2I, we believe in providing top-notch finance and accounting services to clients across the globe which are not only affordable but also suits your regulatory requirements. We have 18+ years of experience in serving over 11190 customers globally. Outsourcing financial statement preparation services to India can help you save almost 60% on your operating costs.

So, if you have decided on outsourcing financial statement preparation services to India, look no further. Get in touch with us and experience the O2I advantage!

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    Financial Planning Association of Australia
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