Outsourcing of accounting

/Outsourcing of accounting
Outsourcing of accounting 2018-02-27T07:51:50+00:00

 

Outsourcing of accounting

Outsourcing of accounting has ceased to be a mysterious term in Bangladesh. More and more companies in our country are focusing on their business, and accounting is passed on to specialized companies.

Full package of accounting services

Outsourcing of accounting has ceased to be a mysterious term in Bangladesh. More and more companies in our country are focusing on their business, and accounting is passed on to specialized companies.

Transfer of accounting for outsourcing is a common practice, especially in small organizations that can not afford their own specialist in the state. Sometimes in such cases, accounting duties are placed on the director, but it takes a huge amount of time and prevents focusing on the core activities of the company.

Weprosys Ltd. is ready to assume all areas of accounting: preparation and submission of reports, communication with tax authorities, and accounting of all transactions and collection of documents. Our specialists have extensive experience in conducting similar procedures, so you can be sure that all operations will be carried out without errors and in a short time.

Since accounting is one of the main activities of our company, we carefully monitor all changes in legislation. The specialists of our company will ensure the implementation of all necessary operations, as well as take control over the provision of the necessary documents by the suppliers.

What do accounting services include?

Maintenance of cash and banking operations, their accounting;

Accounting of funds and closing of accounting periods;

Processing of advance reports;

Reflection of all transactions in the accounts of tax and accounting;

Preparation of all reports and declarations, their submission to the relevant state bodies;

Preparation of international and management reporting.

The list is a standard set of services provided by the Weprosys Ltd.. However, you can always expand this list – just let us know about it and we will gladly discuss the details.

Cost of accounting services

Number of monthly operations per month          * Cost (per month), in Taka.

Up to 20               15,000

21 – 50   25 000

51 – 80   35,000

81 – 100 40,000

101 – 150              45,000

From 500             an additional assessment is required. The table shows the estimated cost of services, excluding VAT. Calculation of the cost of accounting services in the presence of foreign trade activities. Number of monthly operations per month* Cost (per month), in Taka.

Up to 20               18,000

21 – 50   30 000

51 – 80   42 000

81 – 100 48 000

101 – 150              54 000

From 500 an additional assessment is required. The table shows the estimated cost of services, excluding VAT. Why it is necessary to apply for accounting services in Weprosys Ltd.?

Ignorance of laws does not absolve from responsibility. Therefore, all the requirements of legislation, including accounting, should be treated very carefully. We are ready to take full responsibility for the conduct of business and protect you from both unnecessary work and possible troubles.

In the market of outsourcing services in Bangladesh, Weprosys Ltd. has been successfully operating for more than twenty years. During this time we have helped a lot of clients who choose us for the following reasons:

We have vast experience in accounting, provided in the format of outsourcing, since at one time they were pioneers of this direction in Bangladesh;

For many years of cooperation with a variety of companies, we have learned to find the right approach in work, both with small organizations and large companies;

When you call the Weprosys Ltd., you communicate directly with the specialist you need – we have call centers, which allows you to more quickly solve any problems.

How to order a full package of accounting services?

To learn more about the services provided or to leave an application, call us at +008801788377901 or write to mail info@Weprosys.com . You can also order a callback on the site, and we will contact you promptly.

Performing the function of Chief Accountant

If your company is lost for some reason during the time of the chief accountant, but you want to keep the entire financial department, you can use the service from the Weprosys Ltd. – a remote or incoming chief accountant. In addition, this service is suitable in case you have already outsourced some of the accounting functions and decided to transfer also the tasks of control and planning of accounting activities to this specialist.

We can guarantee the professional execution of any accounting activity, and also assume the authority of the chief accountant together with the corresponding responsibility. These services can be provided both on the territory of your enterprise and remotely.

What functions does the chief accountant do?

Gives advice on optimization of tax accounting

Prepares and provides all types of reporting to public authorities

Controls the documentary reflection of operations in the sphere of economic activity

Controls the correctness of filling out various forms of documentation by the customer’s suppliers

Analyzes all accounts of accounting, including the reflection in them of the wages of employees

Accompany you during inspections of tax, off-budget funds, banks and other organizations

Supervises the accrual of reserves for financial investments and receivables

Controls the correct closing of the reporting period

These functions are a standard set of services provided by our specialists. However, you can always expand this list – just let us know about it and we will gladly discuss the details.

Why Weprosys Ltd.?

In 2012, Weprosys Ltd. became the first company to provide outsourcing accounting services. For a long time we managed to form a staff of really qualified employees. All of them have work experience both with small companies and with large organizations. This guarantees you an individual approach and a high level of professionalism.

Our clients are international companies, as well as Bangladesh medium and large business.

Other advantages of Weprosys Ltd. include:

Great experience in accounting and a large number of satisfied customers;

Individual approach taking into account all the nuances of your company;

Absence of call centers – when you call Weprosys Ltd., you communicate directly with accounting specialists;

Strict requirements to the quality of the work performed.

To learn more about the function of the chief accountant, call us at +008801788377901 or write to mail info@Weprosys.com – and we will be happy to answer any questions.

Maintaining separate sections of accounting

Depending on your needs, we are ready to offer you a full set of accounting, as well as maintenance of individual sites. We are flexible enough in our work, and you can always choose exactly what you need.

Accounting for settlements with suppliers and buyers.

Have you ever thought of getting rid of work related to the processing and processing of primary documents for buyers and suppliers? Time spent on communicating with counterparties and receiving from them closing documents could be used by you much more efficiently?

Expense reports

Processing advance reports takes a lot of time and effort from your accountants? Are you tired of correcting errors in employee reports? We are ready to take this work on ourselves.

Bank and cash desk

If you have a lot of payments and cash transactions, and the process of processing information related to these sites takes an unreasonably long time, call or email us – we help to resolve these issues.

Preparation of management reports IFRS, GAAP

International Financial Reporting Standards (IFRS, GAAP) – an international system of generally accepted accounting principles, which are becoming increasingly common in Bangladesh.

Accounting for settlements with suppliers and buyers

Practically every company constantly deals with different calculations. It can be settlements with suppliers and buyers in the case of wholesale or retail trade, as well as the provision of various services – they include even utility payments or the purchase of any equipment not for personal use or sale, but for the enterprise itself.

Accounting for settlements with customers is carried out using account 62 (“Settlements with buyers and customers”). With its help, analytical accounting is maintained for each account or for each customer (in the presence of planned payments).

Weprosys Ltd. is ready to provide the following functions when accounting for mutual settlements with suppliers:

Interaction with suppliers;

Entering all households. Transactions in the accounting system;

Settlements with suppliers, collection and verification of all documents;

Preparation of tax declarations, calculation of taxes.

When working with customers, we deal with:

Documentary support of the sale of goods and services;

Entering all the results of operations in the accounting system;

Collection and verification of primary documents;

Check of receipt of money resources.

To learn more about the services of Weprosys Ltd., call us at +008801788377901 or write to info@Weprosys.com . By calling us, you will be able to communicate directly with a specialist who will answer any questions regarding the accounting of payments with suppliers and buyers.

The company Weprosys Ltd. has been outsourcing services for twenty years already. For a long time, we managed to find an approach to both small and large enterprises. This means that you can be assured of the quality of the services provided and the speed of the work.

Expense reports

In any company, especially in the one where there are a lot of trips and there are remote offices, processing of advance reports can be a challenge. There may be a large number of problems with mailing, compliance with deadlines, proper registration, and the procedure for negotiating and signing documents.

Specialists of Weprosys Ltd. will help you to establish the process of checking and processing advance reports, as well as avoid unnecessary costs and save considerable time and effort.

What services do we offer?

Interaction with your employees and training them in the correct execution of documents

Verification of ready advance reports and all accompanying documentation

Organization of courier delivery, hotline for employees

Entering data into the accounting system, transferring information for the calculation of wages

Full report on the results of the work done and provision of necessary explanations and consultations

In addition to the standard set of services, Weprosys Ltd. also offers additional training services:

Advance reports;

Documentation on business trips and hospitality.

To find out the details of the services, call us at +7 (495) 225-87-39. In our company there is no call center, it means that the call to you will be answered directly by a specialist in the field of accounting services, which will tell in detail about the benefits of working with us.

Weprosys Ltd. is one of the first companies in Bangladesh to provide outsourcing accounting services. Turning to us, you can be sure that you are cooperating with real professionals.

Bank and cash desk

Companies often encountering different payments and cash transactions often have a problem due to lack of time. If you have the document flow associated with such operations, it takes unnecessarily many forces that you would like to direct to the solution of more important tasks, contact the Weprosys Ltd..

What services do we offer?

Arrangement of account and incoming cash orders

Registration of documents in magazines and cash transactions in the cash book

Carrying out of settlements with accountable persons

Preparation of various documents: payment and for the currency control department.

Preparation of daily reports

Separation of bank statements

Carrying out operations in the client-bank program

Calculations with accountable persons

Weprosys Ltd. has been engaged in this type of activity for a long time. Our specialists have gained experience working with a wide variety of companies and will be able to help you in processing information related to cash transactions and payments.

To find out more, call +008801788377901 or write to info@Weprosys.com – and you will be advised as to the list of services provided, and the cost of work.

Preparation of management reports IFRS, GAAP

International Financial Reporting Standards (IFRS) is a set of documents in which the rules for the preparation of financial statements of the organization are prescribed. First of all, these documents are necessary for tracking and comparing different companies and the results of their activities.

To date, IFRS are mandatory for the following types of organizations:

Insurance;

Public joint-stock companies;

Credit institutions.

Weprosys Ltd. provides a full range of services in the preparation of IFRS. Our specialists have often faced similar tasks in the preparation of reports, both for Bangladesh and foreign companies.

What services are included in the preparation of reporting?

Change, preparation and consolidation of financial statements in accordance with IFRS or in accordance with corporate requirements

Formulation of accounting and verification of reporting under IFRS

Development of the enterprise accounts chart and accounting policy taking into account the requirements of IFRS

Consultation on the application of IFRS, as well as complex issues related to the preparation of financial statements

Advantages of cooperation with Weprosys Ltd.

Weprosys Ltd. has been providing outsourcing services for more than twenty years. During this time we managed to solve a huge number of problems related to accounting and personnel records management. Our specialists have sufficient experience both with large enterprises and with small organizations.

To ask a question about the provision of services to Weprosys Ltd. or to order the preparation of management reporting IFRS, please call us at +008801788377901 or write to mail info@Weprosys.com.

Additional services

Restoration of accounting records

Do you suspect that everything is in order in your accounting department? We will carry out the restoration of accounting for previous periods and bring your accounting and tax records in order – in full compliance with the laws of the Bangladesh Federation and the regulatory documents of your company.

Formulation of accounting and tax accounting

The formulation of accounting and tax accounting is the first step in the formation of the company’s commercial activities. The formulation of accounting and tax accounting allows you to prevent the occurrence of systematic errors that can adversely affect the financial results of your business.

Legal support

Do not you have a lawyer in the state and you do not want to hire an employee who needs two times a month? Legal support gives you the opportunity to obtain legal assistance on a wide range of issues requiring qualified lawyers in various branches of law.

Registration of a legal entity

Any company on the territory of the Bangladesh cannot begin an independent commercial activity without going through such a procedure as a company registration.

Preparation and submission of mandatory financial statements

In accordance with the legislation of the Bangladesh, the submission of financial statements is mandatory for all legal entities…

Preparation and delivery of the zero reporting

Zero balance is a special type of accounting and tax reporting for the period of total absence of economic activity of a taxpayer.

Restoration of Accounting

Do you suspect that everything is in order in your accounting department? We will carry out the restoration of accounting for previous periods and bring your accounting and tax records in order – in full compliance with the laws of the Bangladesh Federation and the regulatory documents of your company.

The service of restoring accounting is quite in demand in cases when accounting was not conducted at all or in the work of your accountant any errors were found. The existence of such errors is undesirable because they lead to sanctions from the controlling bodies or may infringe the interests of counterparties.

If you have similar problems with reporting, Weprosys Ltd. specialists will help you to correct errors in accounting. Often, in order to identify the cause of the errors, it is necessary to recheck all the reporting of the past. This takes a significant part of the working time and not every leader is able to cope with this task independently. In this case, they turn to companies that provide outsourcing services. Specialists of such organizations have faced such problems more than once and will be able to sort out your accounting reports in a short time and correct mistakes.

What services are included in the restoration of accounting?

Checking the correctness of registration of primary accounting documents, their restoration

Checking the correctness of cash transactions and having a complete set of documents

Formation of registers (tax and accounting), verification of compliance with their legislation requirements

Drawing up and submission of declarations and reports to relevant organizations

Correcting errors in accounting, checking all reports made earlier

Preparation of reports for early periods

Calculation and verification of taxes and their payment

Why should I contact the Weprosys Ltd.?

Weprosys Ltd. is a pioneer in the outsourcing services market in Bangladesh. For twenty years of successful work we managed to create a staff of real experts in accounting and personnel management. This means that by contacting the Weprosys Ltd., you get really high-quality work done in the shortest possible time. To communicate with experts in accounting and ask questions, call us at 01788377901 – and we will tell you about the nuances of our work and consult about the cost of services and the stages of their provision.

Formulation of accounting and tax accounting

Services for the formulation of accounting and tax accounting:

Study the specifics of your company’s activities;

Development of accounting policy for accounting and tax purposes;

Development of the personnel policy of the enterprise;

Working out and drawing up of labor contracts;

Development and drafting of contracts on the main activity of the enterprise;

Development and drafting of contracts on liability;

Automation of accounting;

Drawing up an individual tax calendar;

Legal support avoids making rash decisions, reduces financial and legal risks.

You can get both a short consultation and purchase a monthly package of services – and get consultations exactly in the amount that you need.

Legal support services include:

Oral and written advice on the business of the Client

Preparation of conclusions on the application of the current legislation in order to protect the rights and legitimate interests of the Client;

Development and legal analysis of all types of contracts, contracts, agreements and other legal documents;

Information support of the client’s activity (provision of normative acts, background information on legal topics);

Assistance in the preparation of drafts of local regulatory legal acts of the Customer’s enterprise;

Participation in negotiations when concluding contracts, when resolving disagreements in connection with non-fulfillment or improper execution of contracts;

Representation of the Client’s interests in relations with state bodies, departments and organizations, officials, legal entities and individuals;

Legal support of business transactions;

Preparation of changes to the constituent documents;

Legal support of labor relations;

Preparation of conclusions on legal issues related to the company’s activities.

Registration of a legal entity

Weprosys Ltd. provides a full range of services for the registration of legal entities. Our experts will help you in developing the constituent documents, passing the registration procedure and interacting with the registration authorities.

At the same time, if you use our outsourcing services, you receive registration services at no additional cost.

Services for registration of legal entities:

Selection of the optimal organizational and legal form of the legal entity, taking into account the specifics of the planned scope of activities, the number of business participants and other factors;

Consultations on the issues of opening, registration of registration and the start of activities of Bangladesh companies;

Opening of Bangladesh companies (pvt. PLC), as well as branches and representative offices of Bangladesh companies;

Registration and registration of changes in the constituent documents;

Development of constituent, corporate documents and other local regulatory documents;

Preparation of decisions (protocols) of the General Meeting of Participants and the Board of Directors;

Maintaining the process of creating a legal entity:

Opening of bank accounts;

Manufacturing of seals and stamps;

The registration for the Pension Fund (PF), Social Insurance Fund (FSS), Health Insurance Fund (MFF);

Legal support and execution of purchase and sale of shares (shares);

Registration of the securities issue upon the opening of Bangladesh companies.

Preparation and submission of mandatory financial statements

Organizations must prepare accounting statements for the month, quarter and year with an accruing total from the beginning of the reporting year, unless otherwise stipulated by the legislation of the Bangladesh NBR.

The company Weprosys Ltd. provides a full range of services for the preparation and delivery of all types of accounting and tax reporting, regardless of the form of ownership of your company and the applicable taxation system.

If you are interested in helping us prepare and submit mandatory financial statements, we are ready to help you in this.

Preparation and delivery of the zero reporting

The enterprise is obliged to hand over a zero balance to the Tax Inspectorate and extra-budgetary funds in a situation where no financial transactions were made at the enterprise for a certain period of time, no monetary operation were conducted.

Zero reporting preparation and reporting services:

Preparation of the full regulated reporting package:

Profit and loss account

Balance sheet;

Income tax and property tax declaration

VAT;

If you are interested in assistance in preparing and submitting zero reporting, we are ready to help you in this.