Backoffice Accounting

Accounting made simple and stress-free.
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What is backoffice accounting and why companies outsource?

Day-to-day accounting tasks requires expertise and accuracy to run the smooth functioning of any business, such as maintaining financial records, processing invoices, and reconciling bank accounts. By outsourcing these tasks to Nikko, you can actively work on your business goal rather then running behind incomplete books. We are ready to jump in and ensure that your Backoffice accounting is done accurately and efficiently.

What services are outsourced under Backoffice Accounting Services?

Financial Reporting

Organizations need to be aware of and understand their performance throughout a certain fiscal year. We provide timely analysis of your financials to examine and assess the financial performance of the prior fiscal year. Financial reports would give a performance assessment of the company.

Reconciliation of Accounts

Comparing two sets of accounts to ensure that they are consistent and accurate such as bank accounts, credit card accounts, vendor statements, customer statements. It is a crucial accounting function which we understands to the core. We helps to identify any discrepancies and errors in financial records, and ensures that all transactions are properly recorded and accounted for.

Cash Flow reporting

It is essential for businesses to monitor and manage your cash inflows and outflows. It enables you to understand their current cash position, plan for future cash needs and helps you making informed financial decisions. At Nikko, we provide personalized cash flow reporting services that cater to your business’s specific needs.

Sales tax/GE tax filing

As a business owner, you know how important it is to comply with sales tax and GE tax regulations. However, managing sales tax and GE tax filing can be a complex and time-consuming task. That’s where Nikko can help. Our team of experienced professionals can ensure that your sales tax and GE tax filings are completed accurately and on time. We stay up to date with the latest tax regulations to ensure compliance, and our personalized approach means that we can tailor our services to your unique business needs.

Financial Reporting – Customize industries specific

At Nikko, we understand that each industry has unique financial reporting needs, whether it’s manufacturing or service-oriented. Our team of experienced accountants is well-versed in the specific financial reporting requirements of various industries and can customize reports to suit your needs. With our expertise, you can be assured that your financial reports will be accurate and provide the information you need to make informed business decisions.

Month End/Year End Closing

The process of finalizing a company’s financial statements for a particular month or year needs to be error free. It involves various activities such as reconciling accounts, adjusting journal entries, and preparing financial reports such as income statements and balance sheets and there are many chances of leaving an error. Nikko’s objective is to ensure that all financial transactions are recorded accurately and the financial statements are presented in compliance with accounting standards.

Consolidation of Accounts

The process of incorporating the financial performance of several subsidiary firms into the overall financial results of the parent company is headache for many firms. This process is frequently used when a parent entity controls more than 50% of the shares of another firm and that’s what make it expert oriented process. You can rely on us for an error-free consolidation of your accounts.

Fixed Assets Management

Effectively tracking and managing a company’s long-term assets such as buildings, property, and equipment is a critical part. We at Nikko are able to provide you with accurate financial record, optimize asset utilization and depreciation along with reduce administrative expenses.

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