Accounting and Financial Industry

Accounting and Financial Industry

Achieve scalable growth in accounting and financial sector with our outsourced back-office services.
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    How It Works

    The global accounting services market is expected to reach $1,009.51 billion in 2026, and then expected to grow at a CAGR of 11.5% from 2026 and reach $1,738.70 billion in 2031 (Source: Research and Markets), underscores the increasing demand for efficient accounting as firms seek to enhance their operational capabilities.

    How it works

    The global accounting services market is expected to reach US$ 1,009 billion in 2026, and then expected to grow at a CAGR of 11.5% from 2026 and reach US$ 1,739 billion in 2031 (Source: Research and Markets), underscoring the increasing demand for efficient accounting as firms seek to enhance their operational capabilities.
    In the accounting and financial sector, managing complex regulations and vast amounts of data presents opportunities for businesses to optimise accuracy and compliance. By implementing efficient solutions, businesses can confidently navigate these areas, harness data insights, and drive sustainable growth and financial success.

    How IMS Decimal supports accounting and finance firms

    Streamlining processes with bespoke outsourced accounting solutions and advanced technology, reducing the burden of managing complex accounting tasks.

    Ensuring regulatory compliance and high accuracy through our accounting services, addressing the challenges of evolving regulations.

    Enabling businesses to focus on core activities by managing essential tasks through finance and accounting outsourcing for scalable growth.

    By integrating our specialised outsourced services, we help accounting and finance firms transform their financial operations, ensuring they not only meet current demands, but also position themselves for future success.
    Accounting and Financial Industry how it works

    Our services in a print-friendly PDF

    How It Works

    In the accounting and financial sector, navigating complex regulations and managing vast amounts of data can present significant challenges. Firms often struggle to maintain accuracy and compliance without efficient solutions, which can hinder their decision-making processes. However, when these challenges are effectively addressed, companies can operate seamlessly, leveraging data insights to drive growth and achieve financial success.

    How IMS Decimal Supports Accounting and Finance Firms

    Outsourced Accounting Services:

    We offer bespoke services and advanced technology tailored to streamline processes.

    Enhanced Accuracy and Compliance:

    Our accounting services ensure that your financial operations meet regulatory standards and maintain high accuracy.

    Operational Efficiency and Growth Opportunities:

    By utilising finance and accounting outsourcing, businesses can focus on core activities while we manage essential financial tasks, allowing for scalable growth.

    By integrating our specialised outsourced services, we help accounting and finance firms transform their financial operations, ensuring they not only meet current demands, but also position themselves for future success. 
    By integrating our specialised outsourced services, we help accounting and finance firms transform their financial operations, ensuring they not only meet current demands, but also position themselves for future success. 

    Services for Accounting and Finance Firms

    1. Transaction Recording:

    • Daily entry of financial transactions.
    • Categorisation of income and expenses.

    2. Bank Reconciliation:

    • Matching transactions with bank statements.
    • Resolving discrepancies in records.

    3. Financial Statement Preparation:

    • Income statements.
    • Balance sheets.
    • Cash flow statements.
    • Year End Finalization

    4. Financial Analysis:

    • Reviewing financial performance.
    • Identifying trends and insights.

    5. Adjusting Entries:

    • Correcting entries for accuracy.
    • Ensuring compliance with accounting standards.

    6. Closing Entries:

    • Finalising revenue and expense accounts.
    • Preparing for the next accounting cycle.

    1. Audit:

    • Evaluating internal controls.
    • Identifying areas for improvement.

    2. External Audit Support:

    • Assisting in the audit process.
    • Providing necessary documentation.

    3. Compliance Checks:

    • Ensuring adherence to legal requirements.
    • Minimising risk of penalties.

    4. Payroll:

    • Salary Processing.
    • Calculating employee salaries.
    • Managing deductions and bonuses.

    5. Tax Withholding:

    • Ensuring compliance with tax regulations.
    • Facilitating tax withholding processes.
    • Employee Record Management.
    • Maintaining accurate employee information.
    • Updating personnel records.

    6. Credit Control:

    • Credit Policy Development
    • Creating policies for credit extension.
    • Establishing credit limits.

    7. Debt Collection:

    • Pursuing overdue payments.
    • Implementing effective collection strategies.

    8. Credit Risk Assessment:

    • Evaluating potential risks.
    • Recommending risk mitigation measures.

    1. Invoice Processing:

    • Timely issuance of invoices.
    • Verification of received invoices.
    • Supplier Relationship Management.
    • Negotiating payment terms.
    • Resolving payment discrepancies.

    2. Credit Terms Negotiation:

    • Negotiating favourable terms with suppliers.
    • Ensuring optimal cash flow.
    • Ledger Review & Financial Reporting

    3. General Ledger Maintenance:

    • Updating ledger accounts.
    • Reconciling ledger balances.
    • Customised Financial Reports.
    • Generating reports tailored to client needs.
    • Providing insights for strategic decision-making.

    1. Budgeting and Forecasting:

    • Creating budgets for future periods.
    • Forecasting financial outcomes.

    2. Cost Accounting:

    • Analysing and managing costs.
    • Identifying cost-saving opportunities.
    • Self-Assessment Tax Returns.

    3. Income Tax Calculation:

    • Accurate calculation of taxable income.
    • Determining applicable deductions.

    4. Filing Assistance:

    • Preparing and submitting tax returns.
    • Ensuring timely compliance.

    1. VAT Registration:

    • Assisting in the registration process.
    • Ensuring compliance with VAT regulations.

    2. Periodic VAT Filings:

    • Submitting VAT returns on schedule.
    • Verifying the accuracy of VAT calculations.

    Why IMS Decimal?

    Robust Processes

    Robust Processes

    Quick Turnaround Time

    Quick Turnaround Time

    Scalability

    Scalability

    Cost Efficiency

    Cost Efficiency

    Software deck 

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    See the impact of our accounting and bookkeeping services through real-world success stories.