Our Services include:

Accounting and Audit
Management of Offshore Accounts and Offshore Businesses
Headhunting for Financial Analysts and Accounting Professionals
Global Deployment of Auditors, Analysts and Accounting Professionals
The OSI Service

• Accounts Payable Management
• Accounts Receivable Management
• General Accounting / Bookeeping & GL Maintenance
• Inventory Monitoring
• Payroll Processing
• The OSI Team
• The OSI Solution
• The Service Flow
• The Recording Process
• The OSI Review Process

THE OSI SERVICE

Accounts Payable Management

Purchasing
Accounts Payable Reconciliation
Receiving End for Follow-up Payment (optional)

Experienced OSI accountants will aid your company in handling your obligations to supplier, service provider, creditor, and even the simplest utility payment. Will make sure you will maintain your credibility as a company in meeting your obligations. This means – no angry supplier, no backlogs, no payment interests but only good credit standing that will open more doors for business opportunities. Our service starts in purchase order processing, counter-checking of receipt of goods or performance of services, tracking of due dates and aging of payables, receiving end for payment follow-ups, facilitation of payment, and reconciliation of payables. An efficient AP Team reflects a trustworthy and credible company that all business owners desire their company to be at all cost.

Accounts Receivable Management
• Sales Order Processing
• Customer Invoicing / Billing
• Accounts Receivable Management
• Collection Follow-up

OSI provides services that help your company keep track of its revenue cycle from sales order processing, invoicing, receivable monitoring and collection follow-ups. We will provide you with a systematic approach in managing your receivables to make sure all monies owed to you by your clients are recorded properly. Not only will your records be in order but we will also help you turn your receivable into money. Allow us to be your “collection agency” and be freed from the pains of having to chase problematic accounts. A well recorded transaction plus a paid (aging) receivable is worth the investment for an AR Team .

General Accounting / Bookkeeping and GL Maintenance
• General Ledger
• Consolidations
• Inter-company/Inter-branch Reconciliations
• Preparation of Financial Statement (optional)


Our competent staff will enter the daily transactions in your books and ensure that it is updated in order for you to make a timely business decision. We will help you manage your growth by maintaining your General Ledger Accounts that would give you easy access to your client’s accounts payable and receivable and reconciled book and bank balances.

Our company can handle all bookkeeping services, including Fixed Asset Management, Project Job Accounting, Accounts Analysis and Reconciliation and Financial Statement Preparation. All these are necessary to keep you well informed about your business and well-run for any tax-related reviews, audits and other legal purposes.

We are knowledgeable in US GAAP and have experience in accounting software such as MAS90, MAS200, Quickbooks, PeachTree, MYOB, and Solomon. But even if accounting is all boxed-up, we recognized that each of our clients have different corporate image and ways of doing their business. Having this in mind, we listen to their special needs and customize our services accordingly.

Inventory Monitoring
• Inventory tracking and reconciliation
• Shipments monitoring (receipts and sales)

OSI believes that the fastest way to steal from a company is through an unmonitored inventory. Documents and records must tally with the actual goods purchased or produced. All incoming and outgoing items must be accounted. When inventory are regularly monitored, they are being guarded from any unexplained losses. But with our business growing, we cannot afford the management of inventory left to a warehouseman.
Integrity of records is essential to determine that every inventory physically taken out contributed to the profit of the company. OSI offers this service to ensure this end. A well monitored and reconciled inventory will increase your bottomline even after considering the cost associated with having a team to do this for you.

Payroll Processing
• Time and Attendance
• Payroll preparation
• Pay slip preparation
• Bank Advise


THE OSI TEAM
Our team of accountants is knowledgeable in US GAAP and has experience in accounting software such as MAS90, MAS200, Quickbooks, PeachTree, MYOB, and Solomon. We will assign to you DEDICATED ACCOUNTING TEAM that will maintain and serve your specific accounting needs.

THE OSI SOLUTION

This is how BPO for Accounting would work for you. It is actually as easy as 1-2-3 .

1. YOU SEND??
After you have gathered all relevant documents, you can send it over to us through any method MOST CONVENIENT to you – Scan & Upload or Email. ?

2. WE RECORD
Your offshore team will review and process each and every document sent. We will take appropriate action for each specific document and ensure to keep your records up-to-date. You can RELAX because we will securely organize, store and protect all documents and financial information you provided. ??

3. WE MANAGE & REPORT ??
On a schedule you set, senior and CPA-level staff distribute corresponding transactional and management reports with promptness and accuracy you can DEPEND on. We understand that different companies have different needs, and we customize reports accordingly. Whether you are a franchisee that requires strict reporting to the master franchiser or a family business that just needs to stay on top of your business trends, we will make the report work for you.


THE OSI SERVICE FLOW
All services are done using the internet as a medium of contact and transactions. Communications are all through the internet, both data and voice. International voice communications are made through VOIP and data through Broadband DSL internet connections using E1 class type of internet bandwidth. Transmission of data uses VPN. We have connected all Client Server, wherever they are located, with Philippine Server using a Virtual Private Network (VPN) using VPN hardware.

This service is the typical accounting services being provided by accountants locally. It encompasses most accounting functions and the difference would only be in the location and the manner of the transmission and recording of transactions. OSI and our clients are always connected via the web using the VPN. Currently, most of our clients use Quickbooks, PeachTree, MAS90 and MAS200, SOLOMON as their accounting software.


THE RECORDING PROCESS

1. Gathering of Documents: Client
You will gather all daily documents and submit the same to your IT department for imaging and transmission. ??

2. Imaging and Transmission Process : Client
Your IT staff then tags the documents and assign bar codes as reference and process the documents using their imaging software. These imaged documents are then filed in your databases and separate imaged copies are then transmitted to your OSI Accounting Team in the Philippines for processing and recording. ??

3. Encoding and Recording of Transactions: OSI ( Philippines )
Your Philippine Team then received the encrypted documents and also tags the same document before encoding the transactions into your accounting software. Selected Offshore team member can also be given access to your database for stored imaged invoices for processing, instead of transmitting it via email or downloading. ??

4. Reconciliation and Verification of Accounts: OSI ( Philippines )
All recorded transactions are verified by the Phil. team leader or supervisor as to the correctness and completeness. For transactions relating to Accounts Payable and Accounts Receivable, a separate accountant can do outbound calling for verification of invoices for any customer or vendor documents.

5. Analysis and Report Generation: OSI ( Philippines )
Your team in the Philippines will produce reports, you require, with comments and recommendations on the analysis made on certain accounts and financial statements. ??

THE OSI REVIEW PROCESS

Structured Review Process
As part of the process, there is a formal weekly, monthly and quarterly communications and review structure that will be implemented to ensure that the correct information is provided to the correct people in a timely manner. Over time, the frequency of these meetings can be reviewed to minimize the time required from you whilst maintaining an effective ongoing relationship.

Strategic Business Reviews
We recommend that your senior management and OSI meet on a regular basis to discuss areas in which OSI may be able to add additional benefit. This will provide an opportunity for sharing of best practices, industry trends and brainstorming of ideas to improve your business from a holistic viewpoint.