Accounting outsourcing (also called as FPO – Finance Process outsource) services of nhbs offers services such as on site (at client location) & offsite (in our office) shared services.
The function includes:

  • End to End (E2E): From voucher preparation to having your books audited by your auditors and file all the statutory returns
  • Business Processes: Specific processes like Procure to pay (P2P) for vendors , Order to Cash (O2C), Records to Report (R2R), Capex or Reconciliations, etc.
  • Management reporting: We perform the process of monthly reporting to the management (MIS) with analysis and decision support system.
  • Payroll processing: We perform the payroll process for companies looking to outsource their payroll activities.
  • Preparation & Implementing of Standard Operating Process (SOP’s)
  • GST & Income Tax compliances
  • All types of Secretarial compliances (ROC)

Entrepreneurs are grappling with a difficult task of recruiting & retaining the accounting staff. With every change in the team, there is a loss of investment in terms of training the staff & loss of knowledge acquired during the journey with the entity.

To mitigate all the above we provide a simple and seamless solution – Accounts Outsourcing.

At New Haribhakti Business Services LLP (nhbs), we have created services dedicated for SME entrepreneurs based on the review of operations of more than 20000 SME clients spread across the different parts of the country.

We enable business entity to scale and grow, and help them acquire a strong backbone of organised, reliable and industry-standard accounting and financial procedures. Objective is to bring in operational efficiency and a systematic approach to your finance & accounts function and take them to the next level.

Nhbs, Headquartered in Mumbai, employs 350+ professionals and has pan India network in major Metro & Tier II cities providing niche services for SME.  Expertise includes professionals working on all major accounting platforms like Tally, SAP, Oracle, Ramco, Quick books.

Benefits

  • Increased financial transparency and regulatory compliance
  • Immediate financial gains through better cost management
  • Accounting handled by a team of professionals
  • Setting up of SOP’s across various functions to attain uniformity of operations
  • Enhanced cash flow management
  • Improved profitability and productivity
  • Freedom for the management to focus on core competencies
  • Ability to reduce costs gradually
  • Making finances available easily and at lowest possible costs
  • Availability of supervision & monitoring activity
  • Meeting deadlines for statutory compliances
  • Timely and effective management information system

Our Offerings

  • Procure to Pay (P2P): Accounts payable, Vendor Reconciliations.
  • Order to Cash (O2C): Order Management, Invoice preparations, Collections Accounting,
    Customer Reconciliations.
  • Record to Report (R2R): General Ledger Accounting, Fixed Assets, Accounting, Monthly / Yearly Closings, Assistance in statutory audits, MIS preparations.

  • Process documentation, Work documentation
  • Identify Control Gaps
  • Process re-design
  • Process consolidation
  • Design & Implement SOP

  • Extractions of Employee Attendance from Systems
  • Processing & Calculations of Monthly Payroll
  • Calculations of statutory deductions like PF, ESIC, PT, income Tax
  • Calculations of Salary Payable & Reconciliation thereof
  • Generation & issuance of Salary slips

Testimonial

We share a genuine and trusting relationship with nhbs. The entire team assigned to our project worked amicably with our management and staff. Within a short span of time, we have already streamlined the system issues, and the consulting team has supported us in our claims management process to follow up and expedite the receivables from car manufacturers.
Manoj Wanvari Director, , Growmore Global Services