About OACO Cloud Accounting
Our accounting solution is driven by cloud accounting software which allows client a remote access to financial information from wherever, thereby allowing clients to make business decisions on the go. Our solution is simple, flexible and provides clients with robust management information system.
We have also developed simple workflow that guarantees optimal benefits from the outsourcing engagement. Our relationship management executives discuss and document your business objectives, set up workflow for obtaining financial records and documents from your office as agreed, updates your records from our office, review the report for completeness, accuracy and validity of transactions, clarify your concerns and ensure your objectives are met.
Our Services
Book Keeping
Our book-keeping services assist client with maintaining and updating important accounting records, online real-time, thereby providing timely and accurate financial information to support business decisions.
Accounting Services
Beyond maintaining books and records, we also leverage on our professional resources to provide clients with accounting services ranging from Financial Performance Review, Management Accounting and Advisory services.
Personnel Outsourcing
We have a pool of talented finance and accounting professionals that works directly with clients and supervised by experienced and professional accountants in our head office. This enables client to benefit from our wealth of professional experience in that assist them to develop strong business structure supported by strong processes.
How We work
Our accounting solution is driven by a cloud accounting software. We opted for the use of cloud accounting because of its simplicity, flexibility and its robust management information system. The remote access advantage allows us to provide you with login details to access own database, view report, review schedules and generate queries at anytime.
Our Processes
We have developed simple processes for managing the outsourcing engagement that is depicted below.
Cost to Client (Outsourcing Fee)
The cost of the outsourcing engagement depends on the volume of activities generated by your business and the necessary skills required in generating the financial reports. The relationship executive reviews your business activities, agreed the required report and its frequencies with you and come up with a proposal that would be mutually agreed.
Duration
The proposed minimum contract period is 12 months (i.e. 1 Year). Client benefits from reduce rate if the contract is for more than one Year.
What Next?
The necessary steps towards the commencement of the project is stated below.
- Submission of Proposal after the initial meeting with Client
- Signing of Contract of Service (Agreement)
- Payment of Commitment Fee (i.e. equivalent of 3-months fee as advance payment)
- Agreeing the Opening Balances with Clients
- Engagement Commences.
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