FMIT have built a process where trained accountants understand that finance and accounting outsourcing typically involves managing procedure-driven functions such as-

• accounts payable,
• accounts receivable,
• benefits administration
• billing,
• fixed assets,
• general ledger,
• payroll, and

Our accounting team has the versatility to study, assimilate and use any accounting software or ERP that may be required / used by a client. Reporting is tailor made to the clients’ requirement.
Our accounting services include the following:

• Accounts Payable
• Accounts Receivable
• Bank A/c reconciliation
• Budgeting
• Costing (Process, Product & Project)
• Credit card reconciliation
• Depreciation & Fixed Assets accounting
• Financial Statements (Trial Balance, Profit & Loss Account and Balance Sheet)
• General Ledger
• Generating of Costing Reports
• Generating other MIS reports
• Inventory accounting
• Mapping performance trends across various parameters
• Monitoring Budgets with Actual figures
• Purchases
• Sales
• Transaction Processing

We have the capability of putting in a team having excellent skills and hands on working experience in various accounting software including:

• ADP
• Great Plains
• Oracle
• Peachtree
• PeopleSoft
• QuickBooks
• Sage
• Simply Accounting
• Tally

Our team offers a range of services under Transaction Processing. Our efficient domain and process oriented staff consistently ensure high accuracy levels and on-schedule delivery. Some of the key services we offer include:

Claims Management:

• Claim reports by cost center and other MIS as required by the client
• Collection of claims / bills from the Client
• Communication with employees / finance department for clarifications
• Ensuring the expenses incurred adhere to the corporate policy of client
• Preparation of employee-wise payable statement for transfer to bank
• Verification of bills, documents produced with the claim form submitted
• Web enabled access for claims processed

Billing –

• Back Office Accounting/Finance
• Collection of cheques & reporting
• Maintenance, control & bills follow up
• Reconciliation - Client Vs Vendor
• Reimbursement

Outsourcing back-office finance and accounting (F&A) enables the client to focus on their core business while cutting costs.

Benefits to clients-

• Greater accuracy and faster processing.
• Leverage our domain expertise in finance.
• Lower finance & accounting overheads.
• One stop-shop for all finance & accounting services.
• Optimized collections, tax management, risk management, financial reporting etc.