One of the busiest and much needed in any company be it small or big is the Accounting and Finance department. I know its ins and outs because I once had a job where I was assigned as Accounting and Billing Supervisor. I was designated to oversee all the activities of accounting and to handle personally the billing and collection. Works in the mentioned department is not that hard as with other department that requires vigorous training but accounting department needs efficient staff to look into volumes of work in payables, receivables, company taxes and licenses, payroll, billing and collection.
The works rendered in accounting needs continuous monitoring, auditing and recording as they have deadlines not only with payments to suppliers but to government entities as well. The company for which I’m working at present is only starting out which is the reason why we hired one officer only to do everything. The officer handles all work pertaining to accounting, collection and finance which is quite tasking at times. She told me about her friend’s call center company which hired payroll outsourcing services to do all transactions concerning payroll and compensation of all their employees. They thought that the number of their employees is too big to be handled by their own accounting staff.
I’ve known how to make payroll transactions myself and you have to deal with specifics including attendance, overtime, incentives, allowances, deductions for government and private entities, leave credits, loan deductions and all compensations for employees. You have to be extra careful or you’ll end being audited for erroneous entry in Payroll. All these can be done easily with the help of companies servicing specific work for payroll only like payroll services uk which provides payroll solutions to companies that spends high budget for in-house accounting staff.
Eagle Consulting offers modern complete solutions for accounting services and can serve as the account department for small or big companies. They provide cost savings for companies and improve the quality of work that maintains accounting department. It’s an option that companies should consider especially if they don’t have expert professionals to do the job with efficiency and good control. Accounting and Finance plays a major role in the company’s success and it should be handled by the experts.
Read more...
