Accounts Payable (AP)

In most organizations accounts payable procedures are frequently not managed to world-class standards owing to the time and expense necessary to implement best practices. Accounts payable automation ledger ensures that official invoices are booked and paid accurately.

Our low cost accounting services and solutions integrate and manage supplier-facing processes including supplier maintenance, supplier network management, invoice receipt, pre-process validation, invoice processing, exception resolution, query responses, reporting and payment processing. By taking control of these customer-facing functions, Heka Support Services A/P ensures integrated process execution that is steered by a closed-loop management process backed by strong consulting and implementation expertise.

Outsourcing your accounts payable automation tasks can bring better profits including:

• High Accuracy
• Superior Quality
• Real-time Tracking and Reporting
• Reduced Annual Accounts Payable Ledger Costs
• Centralized Control over Payables across the Enterprise

Accounts Receivable (AR)

A well organized accounts receivable financing management function is significant to the cash flow of any business. To have an effective accounts receivable financing function it requires an investment of time, talent, reliance and business resources.

By low cost outsourcing services,accounts receivable processing, business managers are able to focus on core business tasks while simultaneously trimming costs of finance and accounting, and boosting the company’s productivity and profitability.

Outsourcing your accounts receivable financing management tasks and get benefits:

• Increased Cash Flow
• Fewer Delinquencies
• Reduced Operating Costs
• Improved Customer Services
• Improved Management Control
• Reduced Outstanding Daily Sales

Bank Reconciliation (BR)

Bank reconciliation is an integral part of your business bookkeeping as it helps you keep track of your current financial position. The day to day preparation of it however, can be a time consuming process that is prone to a myriad of errors which could cost you and your business valuable time and money.

Depending on the complexity of your business, most likely, you may not have the requisite time or resources to allot solely to ensuring accuracy of your reconciliations, while running your business. With the help of our competent finance and accounting analysts however, you can rest easy knowing that experienced people making sure that all your information are accurate.

By our low cost bank reconciliation services, we can assist you with partial or full reconciliation including Reconciliation of bank records with internal records and Reconciliation of credit billings with internal records

Special features of Credit Card and Bank Reconciliation Services :

• Competitive pricing
• High data security
• Responsive customer support
• Efficiently documented, mature programs with on-line knowledge base
• A wide variety of reports reflecting debit and credit activity and exceptions that have occurred on the account

General Ledger (GL)

The General Ledger is the most important component of any business accounting set of books. It contains a summary of every transaction and adjustment needed to prepare financial statements and tax returns
Special features of General Ledger Reconciliation Services

• Enable adjusting for Ledger Reconciliation Prepayments and Accruals
• Review all General Ledger accounts and correct all posting errors.
• Report of all ledger entries made with a detailed narrative of the adjustments made.
• Year-end closing of the General Ledger
• Systematic error checks to ensure that accuracy of posting is maintained and ledgers are balanced.
• Investigation into suspense accounts and closure of suspense account by detecting missing entries.
• Ensuring legal compliance by maintaining the correct format of accounts.

It acts as a base for making important financial statements including income statement and balance sheet. It also helps to make a trial balance, which further ensures that total debit and credit amounts are equal.

Project Accounting (PA)

Every project has a limited budget to work on. Project accounting can help you track the progress of all your projects from a financial perspective. Heka Support Services’ project accounting group is adept at developing processes and tasks that will help you create proficient financial reports that can help monitor various details of your projects like estimates, timesheets, change orders, purchase, and billing. We can help you get unbelievable savings on your project by our low cost accounting outsourcing services.

Project accounting services will help you to:

• Maintain a proper control over the project flow
• Effectively utilize resources
• Ensure proper and accurate billing processes
• Streamline processes
• Save on cost and time

There are various benefits that you can avail of by outsourcing your project accounting services to Heka Support Services.

• Lesser TAT – Heka Support Services always delivers services within a fast TAT. We utilize state-of-the-art technology to ensure that you get quality work within a short span of time
• Security and confidentiality – When you outsource to Heka Support Services, you need not have worries about the security of your valuable data, as we take security issues very seriously. We have taken stringent security measures to ensure security at every step of the process
• Experienced staff – Heka Support Services has extremely competent project accounting professionals who possess the inherent capability of connecting project activities with company financials. They also help you to streamline your processes in order to save on time and cost
• Extensive reporting – Heka Support Services can analyze your work in progress, purchase orders, sales orders, accruals, prepayments and other details of your project. We can also provide extensive reports on all the aspects of the projects

Financial Reporting (MIS)

Analysis of financial reports is as much crucial as the strategy and computation. We analyze and present accurate picture to empower our clients make right decisions every time. We leave nothing to chance whether it is a detailed analysis with guided forecasts, provision of scope, or highlighting true potential and corrections.

Our array of closing and reporting services includes:

• Period ending adjustments.
• Trial balance scrutiny.
• Ledger closing.
• Allocations.
• Analysis of financial statements.
• Balance sheet accounts reconciliations.
• MIS and reporting

Treasury Management

Heka Support Services undertakes the outsourced treasury operation’s activities for corporates which are short staffed or need help in managing the treasury in a better manner. As a part of this activity Heka Support Services

• Helps corporate treasuries in defining and/or re-engineering their risk management / treasury policies
• Evaluate / enhance the hedging strategies
• Manage exposure and covers
• Manage the day to day operations of the treasury

As a part of this, Heka Support Services helps clients implement Risk Management Framework which eliminate the uncertainty of Cash flows due to fluctuations in foreign currencies. If the client already has a risk management framework, Heka Support Services reviews the framework and suggest any enhancements if required. Heka Support Services helps client understand the risk and manage the risk through hedging program and measure the performance of the treasury.