Financial Accounting | Implicit Service

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Financial Accounting:

Implicit Services is a remote offshore accounting outsourcing service provider in the vertical of Finance and Accounts. We provide Bookkeeping and Accounting Services to CPA/CAs' and small & mid sized enterprises in USA and Canada. Implicit Services provides comprehensive accounting and finance outsource services to small and mid-size companies allowing owners and/or senior management more time to focus on the growth of their business.

By providing access to high-level accounting services at low cost, clients achieve savings in hard dollars but also in soft costs, such as spending less time on accounting and finance tasks.

Our Basic Accounting Management Services package is designed to complete your daily financial record-keeping tasks as well as your month-end closing tasks, followed by preparation of monthly financial reports and analysis of your business.

We provides Just-In-Time-Accounting, you pay for what you need, when you need it. No need to incur high fixed overhead for services you can get at a fraction of the cost. Please call us for a free initial consultation.

We are a new age business process outsourcing organization, which is highly focused on utilizing the potential of human intelligence and technology to provide powerful employee leasing and recruitment solutions to enterprises. We make it our highest priority to understand our customer's enterprise and its resource needs.

Bookkeeping Services -QuickBooks

General Accounting - QuickBooks:

Maintain Chart of Accounts
Posting Nominal Ledgers
Post data into Day Books
Trial Balance Reports Generation
Establish Closing Schedule
Perform Monthly, Quarterly and Year-end closings
Maintaining Account receivables and Payables

Fixed Asset Accounting - QuickBooks

Classify, capitalize and record fixed assets items and capital expenditure.
Depreciation Calculations

Accounts Payables - QuickBooks

Invoice Processing
Client-approved Vendor Invoices Processing
Client's input based Negotiated Price Items verification
Client's input based Price and Quantity Discrepancies resolution
Client-approved Vouchers posting
Other client-approved Charges Processing
Maintain files to support Invoice Processing
Centralized customer invoice control
Prompt customer invoice generation
Customer account reconciliation
Automated customer statement generation
Banking of customer receiptsImproved cash flow with quicker customer settlement

Accounts Receivables - QuickBooks

Record and Account for Revenue
Prepare Client's Bills and Statements
Credit and Collections
Input Receivable Transactions
Journal Entries Verification
Send out client-approved End-customer Bills and Statements
Maintain Standard Pricing Information
Maintain End-customer Receivables
Client-approved Adjustments Processing
Apply cash received to customer accounts and resolve "Short Pays"

Management Reports and Financial Analyses- QuickBooks

Preparation of Projected Revenue, Expenses and Cash Flow
Preparation of Financial Budgets, guidelines and assumptions
Variance and Ratio analysis' reports comparing actual results to budget
Provide monthly, quarterly and annual Income Statement, Balance Sheet, Cash Flow Statement compared to budget and/or previous period
Provide monthly analysis of business' performance by unit
Provide any other financial report required by the Client's for Banks and Financial Institutions