Every company has to perform functions which are critical for business activities known as core functions, but also deal with non-core or shared services which can take up huge costs in time and company resources. Every entrepreneur wants to focus on their core values and grow their own business resulting in Shared Service activities being ignored. As a company scales from start-up size to mid-level, it gets difficult for the entrepreneur to control and monitor every activity and function of the organisation. Big corporations can afford a group of qualified people to handle the shared service function but for most companies, it is a luxury cost and adds to the recurring costs of recruiting and monitoring qualified persons for the tasks. We at fynapsys provide complete freedom to the proprietor to focus on their core competence and to trust us to handle their shared service activities like accounting.

Accounting entry

We provide a complete solution for the accounting entries of our Clients. We take invoices from our clients and post all the invoices in their ERP system including sales invoices, purchase invoices, expense vouchers, petty cash vouchers, bank entries from bank statements, project expenses statements and all other invoices relating to the business.

Ledger management

After posting the entries we check and finalise all the ledger balances as per the information provided by the client.

Reconciliation

After posting all the entries and ledger scrutiny every account requires a reconciliation process to finalize the balances. Like bank reconciliation, vendor reconciliation, and client balances reconciliation. AR and AP reconciliation. Loan account reconciliation.

Trial balance

After the reconciliation of all the accounts, the data flow to the trial balance. Trail balance is a very important statement for the entire accounting process as most of the accounting errors are getting rectified here and from the trial balance, the next step of accounting like profit and loss, balance sheet etc are prepared from here.

Profit and loss

Preparing profit and loss from the trial balance on a periodical basis and reporting to the stakeholder.

Balance sheet

Preparing balance sheet from the trial balance on a periodical basis and reporting to the stakeholder.

Audit notes

Audit is a very important function for the accounting process. There are different kinds of audits like Internal audits, external audits, tax audits, cost audits etc. Fynapsys helps their client to complete all audit processes with all the audit notes required.

Internal security management

Accounting is a very important function for any company as the data is very sensitive, and needs to be handled and secured properly. Fynapsys provides proper internal security to the client.

Document management

Fynapsys provides the proper cloud base data management system for the entire accounting process.

CMA statement

CMA is a credit management facility. In today's day and age of a very competitive world, arranging cash is a very important function for any business. Banks or financial institutions are the main sources of finances. To avail and renew loans from banks or FIs, a CMA statement is very important, and the periodical submission of this document is very important. Fynapsys helps their client prepare this document to submit to the bank/FIs.

Cash flow/Fund flow

After posting all the entries and ledger scrutiny every account requires a reconciliation process to finalize the balances. Like bank reconciliation, vendor reconciliation, and client balances reconciliation. AR and AP reconciliation. Loan account reconciliation.

Trial balance

Cash flow is the statement which summarises the business using all inflows and outflows which will determine the net inflow of the company, stakeholders like managers, top management, and promoters are required to monitor this statement, on the other hand fund flow is the statement which summarises the sources and allocation of the funds. This statement is mainly required by investors. Fynapsys prepares these data for their client and analyses/explains the same to their stakeholders.

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