Outsourcing accounting services
At Accro, we can create your accounts from whatever bookkeeping records you have, whether electronic, spreadsheets, even a bag of receipts
Our services include.
- Setting Up Chart of Accounts
- Double-entry bookkeeping
- Payment to suppliers
- Recording depreciation and other adjusting entries
- Entering Bank Transactions
- Customized bookkeeping solutions
- Month-end or Year-end closings entries
Payroll Outsourcing Services
As you may be aware, Ecuadorian laws are in constant change making it challenging to keep up with Decrees or Regulations. At Accro we enroll in continued education training to offer you the best service, always in compliance with the law.
Our payroll processing services help businesses with better payroll management as there are many challenges in providing well-defined salarys as well as complying with all legally required benefits, such as: thirteenth and fourteenth salary, and reserve provision funds.
Record maintenance includes:
- Master details: Employee ID, employee personal details, educational qualifications, increments, perquisites and entitlements.
- Transactional details: Employee’s attendance, advances, and statutory deductions.
- Payroll calculation for each employee includes the computation of Gross Pay, Net Pay, Social Security Deductions, law benefits and other statutory deductions.
- Online submissions of employee related compliance statements to various authorities such as revenue authorities, social security authorities, and Ministry of Labor.
- Processing net salary transfers to bank accounts.
- Preparation of a pay slip for each employee having a detailed breakdown of legal benefits and deductions as required by the law.
At ACCRO we offer personalized, cost-effective inventory management outsourcing services. Maintaining an inventory is a huge responsibility; therefore, we keep track of goods on a timely basis and update the entire system accordingly.
Our work is based on the different business requirements, incorporating several stages for the final dispatch such as purchase, stocking, issuing the production line, stocking for sales, production, and the final sales to the customers.
Having a team of experts ensures you have the best advice in production models and subtypes of inventory services such as raw materials, finished goods, transit inventory, cycle inventory, decoupling, anticipating needs.
Our services include but are not limited to:
- Inventory forecasting tools
- Inventory coding system
- Multiple warehouse management
- Inventory tracking system
- Inventory alerts
- Reporting tools
Bank and Credit Card Reconciliation
The bank reconciliation accounting process is not as simple as it looks and most importantly it’s a time-consuming thing. Reconciliation items can include receipt of uncleared checks checks, issued checks that have not been presented yet, and sometimes the payment of interest too.
Credit card reconciliation and bank account reconciliation services play a vital role in maintaining your financial status, helping us to update the cash position of the company at regular intervals of time.
- Bank book reconciliation with your bank statement
- Credit card reconciliation with your statement records
- Sequencing of checks
- Balance sheet reconciliation
Budgeting & Forecasting
Budgeting and Forecasting are usually related but in accounting or in the financial environment, are not the same. Our aim is to consider your business model and the impact unforeseen changes will have in you.
While budgeting contains information of the company’s income, expenses, and financial position; a forecast is a high-level prediction of what will occur. We focus on main revenue categories and overall expenses, such as payroll – yes, we are in Ecuador and an untimely dismissal could be a headache!
Budgeting & Forecasting will help you
- Analyze your company’s budget with real-time data that improve budget intelligence and protect profitability.
- Use pre-configured worksheets and reports designed for businesses to cut installation time by up to 50%.
- Increase productivity and accuracy with a finance-specific automated solution
We will not only assist you in creating budgets and projections but will also go over them and provide advice on
- Profitability: Will you be able to earn a profit?
- Financing: Do you require outside funding? If so, how much, and what kind of financing are you looking for?
Are you looking to make a change in your accounting software? We currently use:
We will assist you in getting the one that works best with your company.