Financial Outsourcing Services provides professional accounting services to businesses that appreciate the importance of an accurate set of books and want to keep their finances on target. Recognition of revenue and monitoring operation cost are some of the critical components that can make or break the success of your business. FOS will assist you in managing your accounting affairs and provide you with reports and accounting solutions to help your business operate more effectively and profitably.

Services available are:

• General Ledger Management
• Asset & Liability Account Analysis
• Profit & Loss Account Analysis
• Management of Accounts Receivable
• Management of Accounts Payable
• Fixed Asset Analysis
• Multi Currency Conversions & Consolidations
• Management Financial Reports

Our commitment is to provide you with timely accurate financial data, affording you an opportunity to make sound and cost effective decisions regarding your business’ current activity and future planning.

A Business Plan is vital to both new and established businesses. Planning ahead, identifying resources, focusing on crucial points, preparing to resolve problems and seizing opportunities will assist any business. Business plans capture many components vital to accessing the feasibility of the business, optimizing growth and development, measuring the projected financial impact and determining the potential return on your investment. Whether it is accessing viability of new ventures, re-examining the direction of an established business or submitting an application for funding, FOS can assist you with producing a comprehensive Business Plan.

Inclusive in a Business Plan are:

• Nature of the business
• Description of the products / services offered
• Narrative of the market and competition
• Commentary on the business location
• Profile of the management team and employees
• Application of the loan proceeds
• Collateral Statement
• Cash flow by month for 1 year

Our commitment is to provide you with timely accurate financial data, affording you an opportunity to make sound and cost effective decisions regarding your business’ current activity and future planning.

FOS can contribute superior quality service to many aspects of your accounting requirements. FOS values their client’s objectives and goals, and share a common desire to achieve continued growth and development of their business. Our Specialized Services are designed to accommodate those important elements, tasks and assignments that are considered uniquely important to you, your business and your ability to maintain a competitive edge.

Examples of assignments that fall under “Specialized Services” are:

• General Ledger Setups & Implementation
• Originate Internal Applications and Forms
• Policy and Procedure Manuals
• Travel & Expense Reimbursements & Reports
• Accounting Reviews
• History Input
• Budgeting, Forecasting & Cash Flow Projections

Our client’s specialty is their edge

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Financial Outsourcing Services Ltd. can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Financial Outsourcing Services Ltd. can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

Financial Outsourcing Services Ltd. offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Installation

We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Review

Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Employees, a vital component of a successful business, consider compensation and benefits as the most pertinent factor in their decision to remain with a company. We extend our professionalism to this sensitive and important task. Detail is directed to accuracy and timely processing of payroll processing. FOS’s flexibility offers the client a choice of pay periods, accommodating hourly, weekly, bi-weekly, bi-monthly and monthly payroll processing.

Services available are:

• Calculation of Payroll
• Preparation of Employee Pay Advices & Settlement Documentation
• Payment of Employee Advances
• Execution & Coordination with Bank Transfers
• Reconciliation of Payroll Bank Accounts
• Additions, Deletions & Modifications to Benefit Programs
• Analysis & Settlement of Benefits Payable
• Payroll Forecasting & Budgeting

In all aspects, the client maintains full control of authorizing transactions processed and paid on their behalf.

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Financial Outsourcing Services Ltd. can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

Choosing and administering benefit plans for your employees is often a complex process. Financial Outsourcing Services Ltd. can help you develop, implement, and administer your benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.

No one can predict the future perfectly, but we can all benefit from planning for it. Financial Outsourcing Services Ltd. combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.

The range of needs for valuing businesses continues to widen, and Financial Outsourcing Services Ltd. can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.

Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Financial Outsourcing Services Ltd. can provide professional know-how to help you successfully structure and negotiate the deal. Financial Outsourcing Services Ltd. employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.