Tax and accounts outsourcing for US businesses

Drive business growth by outsourcing your tax and accounting functions.

Good financial health is at the core of any successful business operation. Regardless of the size of the operation – from large corporate houses to single owner businesses – a tremendous amount of resources and effort is invested to maintain control over accounting processes. However, this frequently creates pressures for the company in terms of hiring and retaining qualified staff to execute the entire finance and accounting functions as well as ensuring they are updated on compliance matters in a constantly changing regulatory environment. This can get particularly worrisome when businesses experience rapid growth, placing extra stress on their backend operations.

Maintaining an in-house accounting department has several dependencies: You need a team of trained accounting professionals, infrastructure to house them, and technology and software programs to run your numbers. Small business owners are often ill-equipped to fit this into their operations while bigger companies may seek to increase internal efficiencies and reduce operational costs through optimal resource and space utilization.

Outsourcing the entire accounting function to MNCO Business Suite, therefore, can help companies of all sizes to get access to a well-trained accounting team, the latest technologies and tools, customized processes, on-time deliveries and reports, flexible pricing models, informed industry-specific guidance and the assurance of compliance. Very importantly, they can also retain control over their accounting functions while achieving significant savings on manpower and infrastructure.

Have your tax and accounting work fulfilled by a team of trained professionals with deep domain knowledge and diverse customer engagement experience, so that you can focus on growing your business.

Online Accounting Department

Monthly Reporting Package

MNCO Business Suite is specifically created for businesses that seek to increase their profitability and efficiencies by outsourcing their finance and accounting functions. With our broad-ranging experience in multiple domains, we can address the specific dynamics of your industry or business. Depending on your requirements, you can choose from a range of engagement models, scale up or down based on seasonal fluctuations, and pay only for the services you use. By customizing the processes to your internal requirements, we will virtually function as your in-house accounting department where you retain maximum control.

Why should businesses outsource their accounting functions?

Up to 75% cost savings from lower overheads: Eliminate the high costs of payroll, benefits, vacation, insurance, taxes, office space, technologies, training and equipment required for fulltime staff
Assign your staff to more business and revenue-building functions
Flexible engagement models to suit your changing requirements
Ensure compliance with the latest regulations impacting your business
Deep domain expertise across multiple industries
Accurate, error-free accounting and reports
Financial insights unique to your business domain from experts
Get a clear picture of your business’ financial health through analytical reports
Clean and compliant financial records to support future valuation
Ensure continuity of service – eliminate worries of absent employees or staff turnover
Leverage advanced accounting, tax and auditing tools and modernize your accounting framework without investment

Our Scope

Procure-to-Pay

Audit Services	Reconciliation	Period-end Support
Master Data Management	Disbursement of Accounts Payable	Accounts Payable Inquiries and Helpdesk
Document Imaging, Indexing and Management	Invoice Processing and Exception Handling	Allied Services (1099 Processing, VAT Reporting, P-card and T&E Management)

Order-to-Cash

Cash Processing	Credit Management	Period-end Support
Billing and Invoicing	Reporting and Analysis	Customer Reconciliation
Quote and Order Management	Accounts Receivable Management	Customer Master Data Management
Collections and Dispute Management

Record-to Report

Cost Accounting	Revenue Accounting	Inventory Accounting
Fixed Assets Accounting	Automation and Transformation	Financial Planning and Analysis
Month-end Closing and Reconciliation	Reporting (Regulatory, Internal, and External)	Profit and Loss A/C and Balance Sheet Preparation
General Accounting (Journal Entries, Reconciliation, General Ledger Closure, Variance Analysis)

Payroll Processing

Payroll setup	Payday calculations and direct deposits	Payroll processing
Payroll tax accounting	Payroll tax reporting	Payroll data maintenance
Payroll advisory	941, 1099, 940 and quarterly state tax returns

Tax Preparation

Individual Tax Returns	Business Tax Returns	Partnership Tax Returns
Trust Tax Returns	Corporation Tax Returns	Estate & Gift Tax Returns
Payroll Returns	Sales and Use Tax Returns	State & Local Tax Compliance
Multi-State Tax Compliance	Tax Planning