BPO Solutions
BPO - Business Process Outsourcing
Sail with NUH & Grow without Overheads
Scale up and down based on your needs
Focus on Core Business
Focus on running the business instead of managing books
Flexible Staffing
Use us as full-time, part-time or on as needed basis
Outsourcing of accounting management
Outsourcing of accounting management typically involves delegating various financial and accounting tasks to external service providers. The specific functions covered can vary depending on the needs of the business, but generally include:
Bookkeeping :
Recording daily financial transactions such as sales, purchases, receipts, and payments.
Accounts Payable and Receivable :
Managing the company’s outstanding bills (payables) and incoming payments (receivables).
Payroll Processing :
Calculating employee wages, managing deductions, and ensuring timely payroll distribution.
Financial Reporting :
Preparing financial statements such as income statements, balance sheets, and cash flow reports.
Tax Compliance and Preparation :
Handling tax filings, ensuring compliance with local, state, and federal regulations, and preparing tax returns.
General Ledger Maintenance :
Organizing and maintaining the general ledger, ensuring all entries are accurate and up to date.
Budgeting and Forecasting :
Assisting with the creation of budgets and financial forecasts to guide business decisions.
Internal Controls and Auditing :
Implementing financial controls and conducting internal audits to ensure accuracy and prevent fraud.
Financial Analysis :
Analyzing financial data to provide insights for decision-making and strategic planning.
Cash Flow Management :
Monitoring cash inflows and outflows to ensure the business has adequate liquidity to meet its obligations.
Cost Accounting :
Analyzing costs associated with production or service delivery to optimize profitability.
CFO Services:
Outsourcing of Chief Financial Officer (CFO)-level functions, which can include financial strategy, planning, reporting, and decision support.
By outsourcing these functions, NUH can streamline operations, reduce overhead costs, and YOU focus on core business activities.