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 Global Infosys is a UK-based accountancy outsourcing company with a fully manned UK Headquarters office in Harrow, Middlesex, offering a wide range of accountancy and management services to its global client base. Established since 1999, we specialise in 'Whole Accounts Department Outsourcing', in addition to a comprehensive range of support services, like; Bookkeeping, VAT, Taxation, Payroll, Year End, Cashflow, MIS etcGlobal Infosys offers solutions that successfully harness all the operating efficiencies of afully functioning accounts department, working almost round the clock... to become your very own, virtual back office!We're serving so many others, let us serve you!+ Read More

Nature of Business

Service Provider

Year of Establishment

1999

Legal Status of Firm

Limited Company (Ltd./Pvt.Ltd.)

Annual Turnover

Rs. 5 - 10 Crore

GST Number

27AAACA5332J1ZU

Accounts Department Outsourcing
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Our Whole Accounts Department Outsourcing service is a rapidly growing feature of our business and is borne out of the many years of effectively servicing clients and has grown into a more 'holistic' way of managing their accounting solutions and financial affairs. The Whole Accounts Department Outsourcing service falls into two categories. We can either supplement our clients' existing in-house capability, or provide a complete and comprehensive service that takes over all their financial management and accounting needs, in a 'virtual back office' environment. We know this service really works, judging by the number of our longstanding clients who have taken advantage of our Whole Accounts Department Outsourcing service and is a timely offering in the financial business environment we are all having to contend with.

Think of it like this, as a small business, you have just employed your very own Finance Director, or In-house Accounts Director and a supporting team of accountants and process staff. From attending management meetings to paying your business bills, from credit control to petty cash, the Whole Accounts Department team will handle it all. In addition, we will provide you with the information you require at the point of need and keep you informed of any accounts or business financial issues and give you sound professional advice when required.

Whilst we are UK based, we have a lot of experience in offering Whole Accounts Department Outsourcing to companies outside the UK and because we're operating in a 'virtual back office' structure, we can 'virtually' be in two places at once. We fully understand the needs of international and multi-national businesses and all the control issues that inevitably go with such businesses.

In addition to everything we do for UK owned companies, we also provide the additional support required by overseas parent companies. We're constantly required to handle UK management reporting, in whatever format and whatever currency base is required. We insist on setting up fixed schedules and deadlines to comply with your corporate reporting timetable. Just as an example, we have been offering Whole Accounts Department Outsourcing to a chain of hotels in UK for many years. The outsourced accounting service we have offered is greatly valued and has now become indispensable to this client (examples on request).

Our Whole Accounts Department Outsourcing service will also provide you with 'flash forecasting' if necessary, giving your Directors and Principals crucial financial information from certified accountants, prior to any finalisation. In addition, we can provide human resource consultancy and senior financial management personnel if required. Naturally, we have all the experiential knowledge about UK regulatory guidance and have UK regulatory compliance down to a fine art.

Whatever your need, we will try to handle it for you and work with you to establish the correct working model that would best suit your business.

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Bookkeeping Service
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Bookkeeping Service

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The provision of accurate and timely accounting information is essential for making good business decisions and collecting quality company data. This begins with an effective bookkeeping system. Global Infosys delivers vital and up to date business information as part of an all-in package to help you make the right decisions for your business.

Global Infosys delivers this service for a wide variety of SMEs, applying our state-of-the-art proprietary technology in conjunction with a solid understanding of the issues faced in today's marketplace.

Two common Bookkeeping systems used by businesses and other organizations are the single and double entry Bookkeeping systems. Single-entry Bookkeeping uses income and expense accounts, recorded primarily in a revenue and expense journal. Single-entry Bookkeeping is adequate for many small businesses. Double-entry Bookkeeping requires posting (recording) each transaction twice, using debits and credits.

As a bookkeeping company, we understand the nature of business transactions involved in a day-to-day business environment and can bring to bear all our combined team experience to ensure that each transaction is recorded accurately and on time.

Our Bookkeeping services comprise all of the following:

  • Sales Ledger

  • Purchase Ledger

  • Cash/Bank reconciliation

  • Customers and Suppliers outstanding list

  • Fixed Asset Register

  • Stock Control

  • Processing VAT returns and reconciliation

  • Finalising Trial Balance

  • Liaising with Accountants during audit or finalisation

Our operating expertise and day to day processing requirements necessitates a full working knowledge and professional competences in various Bookkeeping software including; Sage Line 50, Quickbooks, Quicken, Big Red Book, VT, Viztopia, MYOB, TAS, Caseware and Jobstream.

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Management Accounts
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Management Accounts

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Management accounting and management reports was always considered to be the treasured preserve of corporate companies and sizeable organisations, including listed companies, declaring quarterly results and performance on a yearly basis. As a result of the economic slowdown and the growing reticence for banks to lend to small businesses, it has become difficult for SME's to navigate in such turbulent waters. However, the penny has finally dropped and many small firms now see the real benefits of having accurate management reporting and business forecasting on a quarterly or monthly basis. This has given many of these small firms a leading edge on their financial performance and made them a lot more proactive to change.

Management accounting is essential if a business is to survive and fare well against competition. Directors and owners will want to see how much turnover the company has achieved, compared with profit. They will need to negotiate favourable overdraft facilities, bank loans and other lease related facilities. Management accounts are used by accountants to provide those all important tax planning forecasts for their clients.

Often, small businesses and start-up companies find it difficult to recruit an in-house bookkeeper, or to maintain books and prepare management accounts and business information due to the costs involved. Global Infosys offers this service to over 70 of its clients with quality reporting to meet their expectations and at a cost that is affordable.

Management accounts are prepared for clients at various stages in their business. From growing companies, to mature businesses, from large corporates to new start-ups. Our current clients include Branded Hotels, Pubs, Leisure Centres, Garages, High Street Shops, Cafes, Sandwich Shops, Engineering and Construction companies etc.

Management Accounts and Client Profitability Reports can be prepared monthly or quarterly, depending on client need. Custom reports are designed to benefit profit centres. Global Infosys can prepare management accounts to meet client deadlines and we summarise our findings for the owners and directors to take informed and intelligent decisions about their business. We're also happy to meet with our clients and discuss the content of the management accounts.

View Complete Details

Yes, I am interested!

Our Whole Accounts Department Outsourcing service is a rapidly growing feature of our business and is borne out of the many years of effectively servicing clients and has grown into a more 'holistic' way of managing their accounting solutions and financial affairs. The Whole Accounts Department Outsourcing service falls into two categories. We can either supplement our clients' existing in-house capability, or provide a complete and comprehensive service that takes over all their financial management and accounting needs, in a 'virtual back office' environment. We know this service really works, judging by the number of our longstanding clients who have taken advantage of our Whole Accounts Department Outsourcing service and is a timely offering in the financial business environment we are all having to contend with.

Think of it like this, as a small business, you have just employed your very own Finance Director, or In-house Accounts Director and a supporting team of accountants and process staff. From attending management meetings to paying your business bills, from credit control to petty cash, the Whole Accounts Department team will handle it all. In addition, we will provide you with the information you require at the point of need and keep you informed of any accounts or business financial issues and give you sound professional advice when required.

Whilst we are UK based, we have a lot of experience in offering Whole Accounts Department Outsourcing to companies outside the UK and because we're operating in a 'virtual back office' structure, we can 'virtually' be in two places at once. We fully understand the needs of international and multi-national businesses and all the control issues that inevitably go with such businesses.

In addition to everything we do for UK owned companies, we also provide the additional support required by overseas parent companies. We're constantly required to handle UK management reporting, in whatever format and whatever currency base is required. We insist on setting up fixed schedules and deadlines to comply with your corporate reporting timetable. Just as an example, we have been offering Whole Accounts Department Outsourcing to a chain of hotels in UK for many years. The outsourced accounting service we have offered is greatly valued and has now become indispensable to this client (examples on request

View Complete Details

Yes, I am interested!

Bookkeeping Services

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The provision of accurate and timely accounting information is essential for making good business decisions and collecting quality company data. This begins with an effective bookkeeping system. Global Infosys delivers vital and up to date business information as part of an all-in package to help you make the right decisions for your business.

Global Infosys delivers this service for a wide variety of SMEs, applying our state-of-the-art proprietary technology in conjunction with a solid understanding of the issues faced in today's marketplace.

Two common Bookkeeping systems used by businesses and other organizations are the single and double entry Bookkeeping systems. Single-entry Bookkeeping uses income and expense accounts, recorded primarily in a revenue and expense journal. Single-entry Bookkeeping is adequate for many small businesses. Double-entry Bookkeeping requires posting (recording) each transaction twice, using debits and credits.

As a bookkeeping company, we understand the nature of business transactions involved in a day-to-day business environment and can bring to bear all our combined team experience to ensure that each transaction is recorded accurately and on time.

View Complete Details

Yes, I am interested!

Management accounting and management reports was always considered to be the treasured preserve of corporate companies and sizeable organisations, including listed companies, declaring quarterly results and performance on a yearly basis. As a result of the economic slowdown and the growing reticence for banks to lend to small businesses, it has become difficult for SME's to navigate in such turbulent waters. However, the penny has finally dropped and many small firms now see the real benefits of having accurate management reporting and business forecasting on a quarterly or monthly basis. This has given many of these small firms a leading edge on their financial performance and made them a lot more proactive to change.

Management accounting is essential if a business is to survive and fare well against competition. Directors and owners will want to see how much turnover the company has achieved, compared with profit. They will need to negotiate favourable overdraft facilities, bank loans and other lease related facilities. Management accounts are used by accountants to provide those all important tax planning forecasts for their clients.

Often, small businesses and start-up companies find it difficult to recruit an in-house bookkeeper, or to maintain books and prepare management accounts and business information due to the costs involved. Global Infosys offers this service to over 70 of its clients with quality reporting to meet their expectations and at a cost that is affordable.

Management accounts are prepared for clients at various stages in their business. From growing companies, to mature businesses, from large corporates to new start-ups. Our current clients include Branded Hotels, Pubs, Leisure Centres, Garages, High Street Shops, Cafes, Sandwich Shops, Engineering and Construction companies etc.

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Payroll Services

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Payroll is probably the biggest cost factor in any business, apart from COS (Cost of Sales). Depending upon the size and number of employees, the demand for keeping up with PAYE and the NI Scheme is quite a challenge. Companies need to be aware of their legal obligations such as holiday pay, sick pay, minimum wage, agency work, maternity and paternity pay, redundancy, student loans, healthcare and pension schemes.

With HM Revenue &amo; Customs introducing the mandatory year end P35 reports to be filed online, we are now awaiting implementation of RTI (Real Time Information), which makes it mandatory for companies to declare PAYE/NI deductions on a monthly basis before payments are made to employees.

Payroll solutions can take many forms. Nowadays, a lot of companies are happy outsourcing payroll to outside agencies to ensure confidentiality of information about salaries is not shared with employees.

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Statutory Accounts

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The preparation of statutory reports and accounts is a legal obligation for any UK registered business, whether you're a PLC, a Limited Liability Company or a Partnership. Each year, the submission has to be filed with accuracy and within set deadlines, to avoid late filing penalties. A copy of the full accounts also needs to be filed at HM Revenue & Customs with corporation tax returns. Current technology allows this filing process to be online and Companies House and HM Revenue & Custom are now accepting online filing compared to the traditional paper returns. Reports need to be prepared in a prescribed format with IXBRL tagging to ensure returns are submitted and acknowledged.

Disclosure requirements varies with the size and type of a business. In the UK most companies follow FRSSE (Financial Reporting Standard for Small Entities), which greatly reduces the amount of disclosure required. Companies that are too large to use the FRSSE, currently have a choice of either preparing their accounts in accordance with the Companies Act 2006 or work in conjunction with UK GAAP.

The audit exemption threshold for a company currently stands at £6.5 million for turnover and £3.26 million for the balance sheet total.

Global Infosys has been preparing statutory accounts for well over a decade, with over 11,000 accounts submitted to more than 50 Accountancy practices including several top 50 firms in the UK and a few top 20 firms in Ireland.

Our process is structured and defined to prepare statutory accounts from Trial Balance and migrate to any accounting software being used and from various cash books. Files prepared are as per the client's preferred format and financial checklist. Each account is critically analysed and the key points are summarised in the notes.

Costing and deadlines are pre-agreed before commencement of work and a dedicated accounts manager is assigned to facilitate the work. Files are reviewed by qualified staff with strict quality checks in place. The completed files are delivered digitally and by courier (if requested) as per the initial agreement with the client.

Due to our expertise in working with all the current accounting software, like Sage Accounts Production, Viztopia, Caseware, Iris Accounts Production, VT, Job Stream, Mercia Pack and Pro Audit, we're able to add an ever growing list of new clients to our portfolio of businesses and accountancy practices.

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