17
P.H Accountants ACCURATE EFFICIENT RELIABLE P.H Accountants

PH accountants outsourced financial control

Embed Size (px)

Citation preview

Page 1: PH accountants outsourced financial control

P.H AccountantsACCURATE EFFICIENT RELIABLE

P.H Accountants

Page 2: PH accountants outsourced financial control

Company Overview

Who we areWexford Based firm of accountants with offices and affiliate companies in the United Kingdom, France, Italy, Germany, and the United States providing local and International expertise

Our TeamDiverse Team of Experienced Qualified Accountants from various Industries providing experience in Accounting, Payroll, Taxation and Financial Services

Our MissionTo provide a low cost reliable and efficient service with a value add approach to improve our customers businesses

Page 3: PH accountants outsourced financial control

Industries Served

• Information Technology• Retail• Manufacturing• Education• Food / Beverage• Hospitality / Tourism• Construction• Pharma / Healthcare• Transport / Logistics• Industrial Maintenance• Automotive• Agriculture• Sole Traders• Utilities

Page 4: PH accountants outsourced financial control

Virtual Financial ControllerOUTSOURCING YOUR FINANCE FUNCTION

Regardless of your company size, PH Accountants provide a complete outsourced Financial Function for your business.

We enable our clients to focus on strategic business issues while our expert team of professionals provide them the necessary Finance & Accounting support in a safe, secure environment in a highly cost and time efficient manner.

Page 5: PH accountants outsourced financial control

Virtual Financial ControllerOUTSOURCING YOUR FINANCE FUNCTION

Our Virtual Financial Controller package might be just what you need. It offers the services a Financial Controller can provide for your business without the staff costs, plus online access to your accounts when you need it.

Standard Package Includes:

Access to a cost effective and efficient Financial Controller serviceInstant access to monthly accountsMobile access for staff on the moveMonthly Management Accounts – including tailored reports for the businessMonthly Update Meeting – in person, or by telephone/skype callsUnlimited telephone/email supportAnnual Financial StatementsAnnual Corporation Tax ReturnsAnnual CRO Returns

Page 6: PH accountants outsourced financial control

Virtual Financial ControllerFEATURES & BENEFITS OF OUTSOURCING

Cost Saving• Cost and overhead savings along with our collaborative approach• Enables substantial savings in cost of Finance & Accounting Operations. Removal of Fixed Overhead

Increased Process Efficiency• Significantly Improved Turn Around Time with Finance & Admin functions

Enhanced Productivity levels• Outsourced Finance & Admin operations brings enhanced efficiencies in house

Process Standardization• Standardization of process enables growth

Vastly improved Customer Satisfaction levels• Focus on Customer facing activities leads to higher levels of customer satisfaction

Focus on core business issues• Relieved of operational pains in F & A, managerial bandwidth is freed up to focus on core business issues

Sales Growth & Increased Performance• Growth & Increased Productivity through the combined effect of the above factors

Page 7: PH accountants outsourced financial control

Outsourced Products & Services

Page 8: PH accountants outsourced financial control

Accounting ServicesOUTSOURCED FINANCE & ADMINISTRATION

FINANCE & ACCOUNTING

SERVICES

ORDER TO RECEIPT(Accounts

Receivable)

PROCURE TO PAY

(Accounts Payable)

FINANCIAL STATEMENTS

MANAGEMENT ACCOUNTING

& ANALYSIS

Invoice Processing Collections & Cash Allocation Credit and Order Management Reporting and Reconciliation Shortened Month End Closure

Invoice Processing Payment Process Vendor Master Maintenance 3 Way Matching & Reconciliation MIS & Reporting

Periodic General Ledger closing Line Item Reconciliation Finalization of Accounts Preparation & Reporting of Final Accounts

Cost Analysis Customer Profitability Analysis Activity Based Costing Variance Analysis Performance Reporting

Page 9: PH accountants outsourced financial control

Payroll ServicesOUTSOURCED PAYROLL & HR SERVICES

PAYROLLSERVICES

Permanent Information

Variable Elements

Salary Calculation

Report Generation

• New employee creation• Tax Card update• Address modifications• Bank code & Cost Centre update

Periodic• Lunch Vouchers, Car Allowance & Pension• Overtime hours updateNon Periodic13th month & Outstanding holiday pay

• Validation• Payslip Generation• Payroll Salary Analysis

• Bank Transfer• Tax Declaration• Company specific reporting

Page 10: PH accountants outsourced financial control

Specialised Corporate Services

PH Accountants team work closely with large firms – Financial Institutions, Banks etc – in markets such as UK, US, and Europe

We help our Clients consolidate various statements, reconcile different types of accounts and review their Contracts. We also support them in large volume Back Office Processing.

Out team of experts can support large organizations in Banking & Financial services Sector in various specialized services resulting in substantial savings.

Page 11: PH accountants outsourced financial control

Specialised ServicesGROUP & INTER COMPANY SERVICES

SPECIALISEDSERVICES

Financial Statements &

Reporting

Contract Review &

Reconciliations

Large volume Back office Transaction processing

Consolidation of Financial statements Business Intelligence & Reporting Analysis & reporting

Financial and other large volume Reconciliation Contract Review & Vendor Account Reconciliations Inter-company Reconciliations

Large volume Business Transactions Large volume Financial Transactions

Page 12: PH accountants outsourced financial control

Taxation Services

PH Accountants Tax team works closely with professional firms in markets such as US, UK, & Europe.

We help our clients in preparation of various kinds of Tax statements and returns to comply with the Tax regulations of the country.

PH Accountants team of Taxation experts can support the professionals and complete the Tax return process, considerably saving infrastructure and operational costs

Page 13: PH accountants outsourced financial control

Multi-Site Global SupportGLOBALISATION OF OUR PRODUCTS & SERVICES

With increasing levels of globalization, business Organizations are eager to make the best of the opportunities that are available away from their home markets. However, the challenges, such as country specific legal frameworks, tax structures etc. that comes along with these global opportunities, can take away precious management time and bandwidth of the Organizations.

PH Accountants offers Overseas Entity Formation and Support Services to International corporates in countries/ regions such as Untied States, United Kingdom, and mainland Europe.

Page 14: PH accountants outsourced financial control

Overseas Entity Formation & Support Services

Launch Phase Support

Post Launch Support

OVERSEAS ENTRY

SERVICES

Pre-Entry Support

• Market, Business intelligence

• Entity structure advice

• Set up services

• Taxation and Transfer Pricing assistance

• Business Plans

Initial HR assistance • Accounting, Bookkeeping & Business Reporting

Page 15: PH accountants outsourced financial control

Process FlowEXAMPLE OF HOW IT COULD WORK FOR YOU

ERP DATA FILES

• Our Staff digitally authorized to access Secured Client Folder through an Internet connection• No transfer of documents required to our Local Directory• Data Files accessed from Client FTP/ Secured Access Folder • Data Entry & Accounting completed on the Client ERP• Reports saved on the Client’s Secured Access Shared Folder• The process designed to ensure strict control from the Client’s perspective

CLIENT SECURED ACCESS FOLDER

Scanning the Documents

Scanned Documents bundled as batches in Client’s local directory

Documents Uploaded to SECURED ACCESS FOLDER ONLINE

DELIVERY CENTER

Page 16: PH accountants outsourced financial control

Quality Commitment

Our Quality Policy:

“We are committed to provide world-class service to our customers. We shall continuously improve the processes and apply quality practices to meet or exceed clients requirements. ”

Page 17: PH accountants outsourced financial control

Thank You

www.phaccountants.com

[email protected]

Tel: +353 53 9100618