Entrycircle team’s functional expertise enables you to design and implement cost-effective and value addition solutions for managing your various business functions including payroll processing, fixed asset management, accounts receivable, accounts payable and management reporting.
Outsourcing this non-core function to us, enables you to direct time and resources towards the core business while leading to cost efficiencies, better risk management and improved confidential information.
Payroll processing
The process of managing employee payroll is often time-consuming. Payroll outsourcing can lead to big cost savings and provide access to payroll management experts, but doing so also comes with unique challenges and risks.
Entrycircle offer comprehensive payroll services which includes computing employee compensation, making payments and generating tax and other statutory returns.
- Record employee master file data
- Preparation of monthly payroll reports based on attendance/ time records
- Maintenance of withholding tax, deductions, advances schedules
- Uploading approved payroll payments on your bank’s online portal
- Preparation and forwarding of employee payslips
- Manage payroll journal entries
We manage all aspects of payroll, so you can save time and stay on top of reporting and compliance requirements.
Fixed assets register and management
Fixed asset management can be tedious task when you have large number and various assets categories such as manufacturing business, construction business and retail business. This will create equipment issues, lost equipment, additional cost and unreconciled issues at the reporting dates.
Entrycircle team can help you to manage fixed assets efficiently, which help your company to maintain an accurate Fixed Assets Register.
- Physical inspection and verification of fixed assets
- Review and analysis of Fixed Asset Register
- Reconciliation of Fixed Asset Register to the physical assets
- Tagging/grading fixed assets
- Delivery of the updated Fixed Asset Register
Accounts receivable
Management of the company will look into bringing new capital to improve capital base. However, you will not realise how much cash is trapped on your balance sheets within the customers and receivables. Clearing up these cash balances by optimal way help to improve working capital requirements and smooth operation without additional capital injection. This also help to pay creditors, business growth and stakeholders returns.
Entrycircle can help you to manage and implement accounts receivable process which will benefit through operational efficiency, cost reduction, cash flow management, develop customer relationships and recover uncollected bad debts.
- Maintain customer master data
- Discuss with management and implement policies for issuing credit and recovering debt
- Establish a billing process to ensure that accurate invoices are sent on a timely basis
- Preparation and maintenance of receipts and journal vouchers includes verification of sales invoices
- Ensures receivables are collected on time and update accounts
- Debtors ageing and reconciliation on regular basis
Accounts payable
Efficient management of accounts payable processing is important for the company liquidity optimization. This also help to reduce costs, ensure accurate and timely payments reporting and maintain compliances.
Entrycircle specialized team can help you to supplier management, payment term agreements, tracking payments, maintain report and reconcile the documents for operational and streamline work flow of your company.
- Review credit terms, purchase orders, bank payments and expenses to identify payables
- Preparing analyses of accounts payables and maintain regular reports
- Ensure payments are made to vendors to under the credit terms
- Reconcile the payables, verify entries and compare subledger and ledger reports
- Manage employee expense claims including verification and payment assistance
Management reporting
Our services are designed to capture value across organisational boundaries and silos through supporting our customers’ critical business issues such as risk management, operations, strategy, analytics and corporate finance among others. Our unique competitive edge in consulting is based on the multi-industry expertise of our team and the holistic perspectives we bring to deliver the most pragmatic and optimal solutions.
We help to you maintain your performance compares to industry peers, competitors and best practices.
Policies and procedure
Design internal policy and procedure manuals
System review
Review internal systems and align with best practices
Forecast
Assist with the preparation and analysis of forecast and budget
Reporting
Prepare monthly management reports in line with the agreed format
Analysing
Compare forecast with reporting and establish KPIs for long term growth and profitability
Data Analytics
Data analytics is integral to business because it allows management to understand customers’ behavior, target marketing, operational inefficiencies, productivity improvements, new product and service opportunities and develop a growing corporate strategy through data driven strategy.
Many companies do not have proper mechanism to gather and analyse the data for its growing purpose. Due to this they are unable to take advantage of data analytics to reap a competitive advantage because they are unable to make faster changes that increase revenue, lower costs, and innovation.
Entrycircle help our customers create data strategy roadmaps that improve real-time visibility into performance to anticipate business needs, defining KPIs, identify opportunities, and mitigate risks.
