Vadera & Co.

• Outsourcing is no longer just about cost saving; it is a strategic tool that may powers the business in the twenty-first century global economy.

• Outsourcing can increase productivity and competitiveness 10- to 100-fold.

• Leaders can no longer afford to view outsourcing as a mere business tactic; it is now essential to remaining competitive on the world stage

• Companies are beginning to devote a portion of their outsourcing savings to helping employees make job transitions.

We follow Customer centric system. We perform a thorough need assessment of the internal control environment and design a accounting system to suit both the internal control environment and the management philosophy. A system which operates in cost effective manner. Chart of Accounts designed as per laws of the country with specified accounting code for accounting either for cash or accrual system. The information stored is aggregated into system of reports that are either used to present the financial results and position of business. Procedures are specified for employees to make accounting system operational. The more common of these procedures are usually documented in some detail and imparted to employees through formal training sessions. Accounting controls are needed to ensure that an accounting system operates in the manner intended

Order processing can be called as heart of the company. We process order directly in your system. The process is as follows:

Check the order mail inbox / fax/ dropbox etc.
Send order confirmation to customers
Processing different types of orders according to process mentioned in process document
Identify correct product code and process the order with freight
Process any urgent orders on priority basis
Handle and Manage Query Sheet for orders
Update new product codes on demand
Get the order released to the warehouse for further delivery
Preparing Orders reports on daily/ weekly / monthly basis
Manage relevant KPI’s of Order processing

Accounts Receivable includes collecting debts on your behalf, prevention of fraudulent invoices, cash & credit collection to improve cash flow of company.

With least paper work and higher accuracy, our Accounts payable and Payroll service includes:

Invoice Processing
Reviewing payment terms from time to time
Statement reconciliation of vendors
Adding invoices in AP approval file
Prepare payment file for EFT, Checks and International Vendors
Payment Run weekly & monthly
Uploading approved payment file in bank
Update status in approval file as ‘Paid’
Send remittance advice to vendors whose payment is processed
Processing salary file on approval and uploading to bank
Prepare Vendor Aging Report on daily, weekly or monthly basis
Supplier Statement Reconciliation
Manage relevant KPI’s for AP

Asset accounting includes asset acquisition analysis, maintenance and implementation. It includes :

Identify difference between revenue and capital expenditure based on nature of company
Check capital expenditure and computation of ROI
Providing for Depreciation on tangible assets and amortization of intangible assets as per straight line/ declining balance / units of production / sum of year’s digit method
Accounting for acquisition as well as for depreciation / amortization
Computation of capital gain / capital loss on disposal of Fixed Asset
Accounting for disposal

Cash Disbursement includes payment in cash, cheques, drafts or any other payable instrument. It’s a kind of control system exercised to attain and ensure proper authorization by the management, disbursement for genuine organizational causes only and proper recording of each cash outflow transaction. Cash disbursements can be made for the following:

Payment of an invoice
Loan payment
Advance on salary
Salary & wages payment
Discharge of a debt
Draw on a construction loan

Financial accounting is important for reducing the principal-agent problem by measuring and analyzing the company's financial performance and reporting it to the interested parties. We collect the information while accounting, strategically analyze the record of Cash Flow and Fund Flow Statements, Profit & Loss account and Balance Sheet.