Shipping & Logistics Accounting Outsourcing Services

Our accounts payable and disbursement management services are equally comprehensive. We match invoices with purchase orders and rate agreements based on approved approval and budgetary control methods. Our experts process invoices, handle approvals, route and exception management and adhere to invoice and purchase order posting/purchase order, invoice, along with goods receipt note posting protocols. 

• Detailed vendor reconciliations
• Producing vendor reports and speeding up vendor bill approvals
• Making the most of early payment discounts
• Managing cash flows and raising electronic fund transfer (EFT) requests for vendor payments.

Another main element of our services are reconciliation services. We do bank reconciliations for credit cards, lock box deposits, checks and electric fund transfers (EFTs). Our team performs clearing and inter-company (bridge) account reconciliations, agent reconciliations and merchant account reconciliations to ensure funds gathered by merchant accounts match bank funds. We also perform credit card and driver log reconciliations.

• Reconciling and balancing all financial records
• Efficient reconciliation procedures
• Identifying and resolving discrepancies promptly
• Better business decisions based on reliable data.

Our accounts receivable services offer effective financial management. We post payments from credit cards, checks (including lock boxes) and money deposits against open customer invoices. We produce accounts receivable aging reports, perform AR analyses and review unpaid and partially paid invoices.

• Analyzing receivables & ledgers
• Reconciling agents' cash deposit statements and merchant account payments with bank deposits.
• Reviewing reasons for unpaid balances, group receivables
• Preparation of simple management reports.

Management reporting solutions complete our core services. Our team prepares key performance indicator (KPI) reports, which includes financial parameters and operating metrics like on time delivery, freight volumes and order fulfillment rates. We produce profit & loss reports, financial statements, cash flow statements, age reports & customized reports as per client requirements.

• Analyzing financial data and generating reports
• Presenting key performance indicators (KPIs) and metrics
• Expert analysis and actionable information
• Optimizing operations.

We also keep general ledgers, offer monthly accruals and post closing entries, manage inter-company adjustment entries, travel and entertainment expense accounting, and fixed asset registers for depreciation, asset improvements, purchases and disposals.

• Payroll processing, tax compliance, financial planning and analysis
• Budgeting and forecasting
• Reducing costs
• Handling accounting and financial management needs.