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Accounts Payable and Receivable Services in India

Worry-free accounts payable and accounts receivable outsourcing in India.

Finsmart Accounting’s Accounts Payable (AP) and Accounts Receivable (AR) services help reduce your cash flow burdens. We take away your load of managing AP and AR on a day-to-day basis. With our time-tested process, we bring efficiency and control, thereby reducing the processing costs and improving your working capital cycle.

We work with leading global accounting platforms, including in-house software. Partner with Finsmart Accounting for offshore AR and AP services in India.

Why Accounts Payable & Receivable Services?

Finsmart Accounting’s offshore Accounts Payable (AP) and Accounts Receivable (AR) services in India can help reduce your cash flow burdens to a great extent. We also help reduce your AP and AR processing costs, which will further improve your working capital. Finsmart Accounting operates from three locations – Pune, Mumbai, and New York, and has expertise in working with global accounting platforms including in-house software for AP/AR management.

 The best thing is that we speak your language – both English and the language of your accounting software. Our trained offshore accounting professionals can effectively communicate with your teams and make sure that your accounts payables and accounts receivables outsourcing to India are a success.

Scope of work

Accounts Payable Services in India

We help our clients function at their very best, giving them full visibility into working capital with invoice processing and disbursements, vendor management and accounts payable aging reports. Here is the scope of work for our offshore accounts payable outsourcing services:

  • Receiving/downloading vendor invoices on behalf of clients
  • Validating the invoices against Purchase Order
  • Sharing mismatched/ disputed invoices with vendors for correction
  • Issuing matching invoices for approval as per Approval Matrix
  • Following up for approvals
  • Booking duly approved invoices in the AP System / Books of accounts
  • Issuing AP payment list as per vendor credit period
  • Liaising with vendors and attending to vendor queries if any

Accounts Receivable Services in India

At Finsmart Accounting, we work with clients to optimize operational performance with effective financial management, through services like order management, cash management, and debt analysis. The scope of work for accounts receivable services includes:

  • Preparation of sales invoices on behalf of clients
  • Follow up with clients for invoice payments
  • Issue of invoices to clients
  • Follow up with clients for invoice payments
  • Updating books of accounts for inward receipts
  • Resolving invoice related issues with clients if any
  • Flagging long outstanding or stuck-up cases with management
  • Sharing AR report and dashboard at agreed time intervals

AR AP Services Pricing

Dedicated AR and AP Seat

STARTS FROM

$1500 /month

SPEND ALL YOUR TIME ON ADDING CLIENTS AND GROWING YOUR BUSINESS

Sign up process

Agreement Sign-Off

Agreement Sign-Off

Direction Arrows
Step 01
Resource Onboarding

Resource Onboarding

Direction Arrows
Step 02
Client Training

Client Training

Direction Arrows
Step 03
Test Run

Test Run

Direction Arrows
Step 04
Test Review

Test Review

Direction Arrows
Step 05
Go Live

Go Live

Featured Case Studies

Accounting and Finance Outsourcing

CLIENT OVERVIEW MediaMagic Technologies Pvt. Ltd. is a product engineering company in the Home Entertainment and Smart Home.

Payroll Management Services For India Based MNC

Facts The company is a renowned Automotive Parts manufacturing and having its Group Headquarters in Germany and operations

Accounting, MIS and Taxation Services For a Newly Incorporated Company in India

Facts The company is a fast growing Automotive Parts manufacturer and having its Headquarters in USA and operations.

Accounts Payable Service For a MNC Having Global Presence

Facts The company is a fast growing Automotive Parts manufacturer and having its Headquarters in USA and operations.

TESTIMONIALS

What Our Clients Say About Us

Accounting Firm from South Florida, USA Reviews Finsmart Accounting

Finding the right bookkeeping talent was a big challenge for Rebecca Santiago & Veronica, Founders of Advanced Professional Accounting Services. Watch how we addressed this challenge for the leading bookkeeping firm in South Florida, USA.

Leading Accounting Firm of Chicago, USA Reviews Finsmart Accounting

Accounting Seat from Finsmart has been doing wonders for accounting firms across the globe. Here’s what Mariko Hayashi-Hall, Founder and CEO of Brilliant Solutions Group, has to say about partnering with Finsmart Accounting.

Featured Case Studies

Accounts Payable Service For a MNC Having Global Presence

Facts The company is a fast growing Automotive Parts manufacturer and having its Headquarters in USA and operations.

Featured Case Studies

Featured Blogs

5 Questions that Accounting Firms and CPAs Ask Us Before Outsourcing

5 Questions that Accounting Firms and CPAs Ask Us Before Outsourcing

Being a leading accounting outsourcing firm in the USA and India, Finsmart Accounting answers hundreds of questions about outsourced bookkeeping, accounting, accounting technologies, and finance on a regular basis.  Though we are always pleased to answer queries, there are some questions that pop up in every other engagement with potential clients. That’s why we thought […]

Ensuring Data Confidentiality & Security for Offshore Accounting Clients: The Finsmart Way

Ensuring Data Confidentiality & Security for Offshore Accounting Clients: The Finsmart Way

Cybercrime Magazine put the cost of global ransomware damages at 20 billion dollars in 2021. And a lot of it can be accredited to the international accounting industry as well. While financial damages are indeed worrisome, the damage caused to an accounting firm’s reputation after a cybersecurity breach is lethal.  That’s because accounting firms and […]

Tips for Accounting Businesses to Scale Up During Peak Tax Submission Periods

Tips for Accounting Businesses to Scale Up During Peak Tax Submission Periods

“How to scale up business during the tax submission period” has become a popular query among CPAs and accounting firms in the United States. And we can clearly see why.   Scaling makes it easy to cope with the mounting workload and meet business requirements without overstretching resources or undertaking unplanned hiring. The same is true […]

6 Accounting and Tax Software Widely Used By CPAs in the USA

6 Accounting and Tax Software Widely Used By CPAs in the USA

There was a time when CPAs spent hundreds of hours manually managing books to keep company finances in good shape and calculating taxes the traditional way. Thanks to modern accounting and tax software, tasks like accounts receivable & payable management, bookkeeping, and tax filing are no longer herculean in nature.  Modern accounting and tax preparation […]

Strategies to Expand Accounting Business: Practical Tips for CPAs

Strategies to Expand Accounting Business: Practical Tips for CPAs

There was a time when opportunities to scale accounting business were substantially limited, especially for CPAs who invested little in team and business expansion. But thanks to modern technologies, even small accounting firms in the United States are acquiring more clients and growing market reputations. Still, a lot of young CPAs are finding it hard […]

6 Accounting and Tax Software Widely Used By CPAs in the USA

6 Accounting and Tax Software Widely Used By CPAs in the USA

There was a time when CPAs spent hundreds of hours manually managing books to keep company finances in good shape and calculating taxes the traditional way. Thanks to modern accounting and tax software, tasks like accounts receivable & payable management, bookkeeping, and tax filing are no longer herculean in nature.  Modern accounting and tax preparation […]

Improving Accounts Receivable Process: Best Practices from Finsmart

Improving Accounts Receivable Process: Best Practices from Finsmart

Having an efficient accounts collection process means you can maintain good relationships with clients, improve the business’ cash flow, and manage tasks that take precious time. Young business owners however have little idea of how to improve their AR collection. As a result, they are exposed to the risk of not having enough cash on […]

7 Invoice Management Tips and Solutions for Modern Businesses

7 Invoice Management Tips and Solutions for Modern Businesses

R&D, operations, production, sales, and customer support – there are many tasks that leaders have to deal with while running a business. While invoice management doesn’t seem as challenging as other functions, it’s critical for a smooth AR process. If managed accurately and in a timely manner, invoice management aid regular cash flow, check accounting […]

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