Services
If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. Our firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve.
We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.
Accounts Payable Process outsourced to us, you Get Enhanced Business Efficiency
Over years, ASYAFINN has built up a comprehensive and wide-ranging clientele across industry verticals. We have been successfully delivering customized Accounts Payable outsourcing services that are suited for your particular business requirement. When you outsource Accounts Payable to ASYAFINN, you are able to control your expenditure patterns as well as demand for special privileges from vendors in the form of price or volume discounts.
ASYAFINN Accounts Payable process throws light on available free credits, payable days, purchase order mandates, and Accounts Payable cycle efficiency. Accurate Accounts Payable reconciliation plays a vital role in clearing unpaid bills within the stipulated date. Outsourcing your Accounts Payable management requirement to ASYAFINN will help you to avoid paying fines or interest for late bill payments.
The reliable and professionally managed Accounts Payable outsourcing services provided by ASYAFINN gives you the freedom to concentrate on your mission-critical financial issues and strategic goals. ASYAFINN outsourced Accounts Payable services ensure that you obtain a streamlined Accounts Payable process flow leading to optimizing of profit for your organization.
Accounting Software Selection & Implementation
There is no shortage of accounting software solutions for your business. Software as a service (SaaS), cloud computing, and other technological innovations are adding more dimensions to technology decisions. Choosing the right solution that will meet the needs of your business now and in the future while also providing a necessary level of security is crucial. We can analyze the nature of your business and financial transactions, current technology, future business plans and emerging needs to identify and implement a software solution that is flexible enough to grow and change with your business.
Our professional system has an array of powerful capabilities not found in any other cloud-based accounting system. Our Professional Application includes:
- Write-up system with bank feeds
- A customizable trial balance with notes
- Adjusting entries
- Fully customizable financial statements
- Multiple periods, including 13-month periods
- Ability to analyze and review an entry using trial balance, financials, journals or general ledger.
Benefits of choosing ASYAFINN as your Finance and Accounting Outsourcing partner
ASYAFINN possesses broad-based experience across a wide range of industry verticals, with expertise of over 17 years to deliver best-in-class finance and accounting outsourcing services.
Adherence to Regulatory Norms
We strictly adhere to the Generally Accepted Accounting Principles (GAAP)
Venders and contractors can email their invoices directly to a provided email address, an invoice can be scanned and emailed from anywhere to a provided payables inbox, you can even snap a photo of the invoice using your smartphone using our application. Data gets captured using our latest technology, and process the invoices into bills to be paid, the approving manager receives an email with a list of payables to be approved, approving manager is provided with ability to viewing the bill, can approve, modify or even question or reject a certain bill. Once approving manager approves the bills, we can proceed to pay the bills by electronic checks, direct deposit, or cut and mail a paper check. We make certain that:
- Transactions are properly authorized
- Assets are safeguarded against unauthorized or improper use
- Reliable processes are in place
- Transactions are properly and accurately recorded
Assured Cost Reduction
Your business operations will see an assured cost reduction ranging from 30% to 50%.
Emphasis on Data Security and Data Confidentiality
ASYAFINN is an ISO 27001 certified company, and we give utmost importance to data security and confidentiality. Your data will be protected and will not be shared with anyone under any circumstances.
Latest Technology
You can take advantage of the latest technology and procedures, as we stay up-to-date on all best practices.
Regular Communication
Through consistent communication with us, you can be assured of Finance and Accounting BPO Outsourcing Services that are delivered with optimized transparency, flexibility and efficiency.
Customizable Services
Customizable services that are in alignment with your strategic goals.
Audits, Reviews, and Compilations
Our audit, review and compilation capabilities are a core part of our services. We tailor each process to the unique needs of your business. We deliver financial statements and reports that are clear, concise and acceptable to all outside parties and that can provide information and insight to help you run your business more effectively. We will work closely with you and your key employees to develop and execute a plan to complete this work by minimizing employee time spent on the process and without disrupting operations.
Bookkeeping/Write-Up / Client Accounting Services (CAS)
If your business does not currently have accounting staff or if your business is outgrowing its current bookkeeping system, we can provide comprehensive bookkeeping and write-up services to ensure the smooth operation of the financial side of your business. As your business needs grow and change, we can provide input and planning assistance to make sure your accounting and financial systems keep pace with your business needs.
Combining the remarkable capabilities of ASYAFINN’s professional system, streamlined workflow for offering bill payment and receivable services, and comprehensive bookkeeping system, ASYAFINN’s CAS has become a premier solution for offering Client Accounting Services.
With our CAS capabilities, our staff can do what our clients staff currently does, only faster, easier, and more accurately… all without leaving our office. That’s how our CAS capabilities enable us to offer highly-efficient Client Accounting Services.
Business Consulting
As a true business partner, we are available to help you deal with any business problem or opportunity. We stand ready to engage in business consulting projects to help you make the right decisions for the future of your business. Whether you face questions related to expanding, selling or restructuring your business, we have the necessary business acumen and analytical capabilities to help you make the right decisions.
Business Entity Selection
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
Buying or Selling a Business
Few business decisions are more important, complex and potentially business altering than a buy or sell decision. When you are ready to sell your business, we can provide support at every step, including valuing the business, vetting potential buyers, and supporting due diligence. If a buying opportunity presents itself, we can help by providing valuation services, developing negotiation and financing strategies, and managing the due diligence process.
Estate & Trust Tax Preparation
Estate matters affect everyone. By taking proactive steps today, you can ease the way for your heirs during a very difficult time. We can work with your legal counsel to help you to structure your estate and trusts to minimize taxes and ensure the smooth transition to your heirs. We are available to handle all estate and trust tax-related matters.
Financial Analysis
When a business is able to undertake strong financial analysis, it opens up new opportunities to improve management, planning and decision making. Financial analysis provides the numbers to support, reject or contemplate a course of action. Prospective analysis can show how situations may evolve under various scenarios, providing a new dimension to decision making. We are ready to provide this type of financial analysis to support the continued prosperity of your business.
Financial Statements
Financial statements are an important tool for management decision making. Financial statements also represent your business to lenders, partners, potential buyers and other interested parties. We will work closely with your key personnel to develop and finalize accurate and timely financial statements.
IRS Representation
An IRS audit can be an intimidating and complex process. If you or your business face an IRS audit, we can bring to bear years of experience in dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
Management Advisory Services
Our Management Advisory Services focus on improving the efficiency and effectiveness of your business and its operations. We can provide support in business planning, mergers, acquisitions, and other advisory support. Contact our office to learn about the full range of services we provide.
Notary Public
A notary public can help you to handle various business matters, including witnessing and authenticating document execution and signatures. We offer Notary Public services and are available when you need us.
Payroll Services
Constantly changing federal, state and local laws and tax regulations make payroll management an ongoing challenge for business owners. Our payroll services professionals are well versed on these laws and regulations. We can proactively alert you to material changes that will affect your business and your employees while also keeping payroll running smoothly no matter how large your business and your employee population become.
Highly comprehensive
ASYAFINN Payroll’s extensive capabilities let you quickly and easily process payrolls of varying complexities, for companies with 1 to over 1,000 employees.
Calculations:
- Calculations for all 50 states and localities, DC, and Puerto Rico.
- Multiple pay schedules; multiple checks for an employee per pay period; multiple withholding states per employee; multiple unemployment states per employer.
- Override system calculations or enter wage adjustments.
- Contractor (1099-MISC) payrolls.
Multiple Pay Types:
- Unlimited customizable pay types.
- Multiple allowances and reimbursements.
- Cash & Paycheck Tips and Tip Wage Allowance.
- Third-party sick pay, dependent care benefits, health insurance for 2% shareholders, and manual checks.
- Non-Employee Compensation, Hourly rate, and reimbursements.
Deductions:
- Unlimited customizable deductions, including precise allocation of multiple garnishments and electronic payment of child support.
- Third-party payments for deductions and garnishments.
- Track goal amounts for deductions like loan repayments and charitable contributions.
- Direct entry deductions.
Flexible Payroll Settings:
- Adjust pay dates or skip a payroll period.
- Set tax and deductions methods for second checks.
- Disable direct deposit and/or child support per payroll or employee.
- Set holiday hours for the entire payroll.
Allocations:
- Allocate payroll expenses by department, worker’s comp classification, and/or job.
Multiple Locations:
- Print checks at each location using their own bank or at a central location.
Retirement Plans:
- Employer match contributions for 401(k), 403(b), 457(b), Roth 401(k), and SIMPLE IRA, with multi-tiered employer match where applicable.
- Flexible options for inclusion of pay types in compensation when computing the employer match.
- Fully customizable Retirement Transmittal Report for plan administrators.
- Include employer contributions in third-party checks.
Direct Deposit:
- Full support for direct deposit, including multiple accounts for each employee and direct deposit for employee contributions to an HSA account.
Paid Time Off:
- Setup of PTO policy at Company level (default to all new employees).
- Employee paid time off accruals and tracking.
Employee Portal:
- Let employees view their personal profile, maintain address information, upload documents, and view/print pay statements and W-2’s/1099’s.
Check Printing:
- Print paychecks at our office or employer’s office on pre-printed stock or blank checks using MICR printing and pressure-sealed checks.
- Email paychecks or archive them to Cloud Cabinet.
- Supports digital signatures and company logos.
Comprehensive Reporting:
- Numerous reports for analyzing all aspects of the payroll process:
- Customizable Report Sets let you easily define collections of reports for repeated use and run them as a single request. This way, you can generate all the reports you need to analyze individual payrolls or payroll compliance periods, and help establish uniform record-keeping procedures within the company.
- Output to PDF, Excel, or Word.
- Email reports to the company’s primary contact person, both during the payroll process and at any selected time.
Archive reports to Cloud Cabinet, our state-of-the-art system for electronic document storage and retrieval
Retirement Planning
Retirement planning is critical in these uncertain times. Whether you are developing a retirement plan for yourself or choosing a retirement plan to offer to your employees, we can help you evaluate the available options. Our focus is on helping you to make the choice that is most appropriate for your own financial situation. If you are choosing a retirement plan for your business, we will base our recommendations on the unique characteristics of your business and your employee population, as well as the legal and compliance issues related to each type of plan.
Sales Tax Services
State and local tax authorities are looking to maximize sales tax collections. We can help you understand and manage your sales tax obligations and prepare sales tax returns in an efficient and timely manner.
Tax Preparation & Planning
Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest federal, state and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state or local tax liabilities.