KPO

Account Receivables & Payable
When a business extends credit to its customers, it records a revenue transaction at the time it provides its customer with goods or services. The transaction results in a revenue account increase and an increase in an asset account. Since no cash is received, the asset account that is increased is Accounts Receivable. Just as a business extends credit to its customers, other firms may extend credit to it. When a business receives goods or services but does not pay immediately, it incurs a liability called accounts payable. Using an accrual basis of accounting, a business records the purchase of goods or services in the period when they are used, not necessarily when cash is paid.

JATA Group expertise’s in how to tap benefits of quality output in a timely fashion without compromising on costs. Companies preferred to retain their financial strategy and key financial processes (namely capital budgeting, auditing, risk and treasury management, and forecasting) in house.

However this trend is changing and business owners are beginning to realize the benefits of back-office Global services for financial and accounting processes, health of their business and the key leverage points that make business successful. JATA Group has kept pace with evolving buyer needs from what most providers have been focused on Account Payable, General Accounting, Analytics and Reporting. However the sophisticated customers need end-to-end process capability in areas such as Order-to-Cash and Procure-to-Pay and key F&A processes (i.e., audits compliance, budgeting/forecasting, treasury and risk management).

JATA Group helps clients in their financial planning and back-office accounting through innovative cost-efficient and quality advisory, consulting and back-office delivery. We also help interpreting the financial state of business as reflected by client’s financial barometers such as profit and loss account, balance sheet, Bank Reconciliation and other appropriate financial statements.