Central Accounting / Bookkeeping Outsourcing.

A new employee joining your team is a special occasion. It would be very encouraging for the new employee to know that their payroll database is immediately set-up and ready for their first pay.

At PineTree, our ethos rests in providing valuable information to businesses.  As a business owner, you are required to make business decisions every day.  Having your financial data on your fingertips helps you evaluate your decisions pragmatically. We ensure that we understand your business and structure your MiS (Management Information System) reporting is relevant for you.  This is complied with right from the implementation of the process and periodically reviewed.

Be it a limited scope such as accounts payable outsourcing or widely extended scope including accounting outsourcing, accounts receivable outsourcing, accounts payable outsourcing, reporting, audit support and compliance, we can define the scope to suit your needs.

In accounts receivable outsourcing, we raise invoices to the client customers based on defined processes and set up automatic reminders that are send to the customers for collection follow-up.

In accounts payable outsourcing, we maintain bills payables, obtain payment approvals based on the bills due date and execute payments, which may either be cheques or online transfers.  The process differs from one client to another.

Whilst engaging us, you are not engaging just an accountant.  You have in us, your business partner and soundboard.  With more than 50 collective years of consulting experience, we can provide you insights into your business at both micro and macro levels.  Our clients consult us while taking various decisions such as: expanding divisions, entering new markets, raising funds, hiring, make or buy decisions etc.  While you may have the business insights, we can provide you the financial insights.  

We assist our clients in their financial modelling exercise, annual budgeting and monthly MIS analysis.

In short, we function as your outsourced CFO, not just your accountant.

As business owners, focussing on your business is of paramount importance.  Product development, marketing, sales and sourcing are some of the core functions you need to focus on.  Leave the routine accounting to us and take comfort in the fact that your accounts are being handled by a team of professionals who understand your business needs.

Businesses are required by law to maintain their books of accounts and retain the information for seven years.  They have to get their books audited and tax returns filed.  Our services ensures that you are always compliant with the laws of Central – such as taxation laws, regulatory requirements of SFC, IA etc., to the extent they relate to accounting and financial reporting.  Avoid penalties by letting us take care of your compliance.

Right from client on-boarding process to data collection and capturing to reporting we have very clear standard operating procedures.  Our team is fully trained on our procedures.  Be it migration from a different platform or transition from another service provider, we have the domain knowledge to ensure smooth delivery.  We have our team trained on multiple software platforms and we are the Silver Partner of www.xero.com. 

Our process commences with understanding your business, market, processes and the way your accounting is currently processed. Data capturing could be either through online data submission or just the conventional way of dropping the voucher files to our office.

The data is then digitised and captured into the accounting software. All reconciliations are completed and a trial balance review done by the process manager. Thereafter, monthly reports are provided to the management.