Contractor accounting services

Actuit India provides a wide range of customer service, supply chain, analytics and finance and accounting support services to the contractor industries. We manage our clients' end-to-end accounting processes to maximize efficiencies and derive a competitive advantage.

Bookkeeping Process

1. Bill Processing: Processing all types bills , viz., expense bills, purchases, inventory, general supplies etc.

2. Invoice Processing : Proper recording of sales invoice to ensure correct receivables at all times.

3. Bank Transactions : Bank payment and receipt transactions recording to proper accounts.

4. Cash Management : Processing of Cash transactions and monitoring cash

Internal Control Based Quality Process

1. Commercial Validation: Perform purchase/sales order, contract and credit terms validation; support contract administration.

2. Bank Reconciliations : Timely performing of Bank reconciliations

3. Inventory Management: Inventory Management towards purchases, sales and inventory reconciliation.

4. Accounts Payable: Reconciliation of supplier bills, fund requirement forecast payments based on Orders/ Bills processed

5. Accounts Receivables : Reconciliation of customer accounts and aging report to speed up collections.

Financial Reporting

1. Balance Sheet
2. Profit and Loss Accounts
3. Cash Flow Statements
4. Fund Flow Statements
5. Bank Reconciliation Report