A 12 year old outsourced accounting firm providing skilled and experienced accountants at economical rates. High expertise in QuickBooks, Xero, NetSute, Yardi, Sage, Microsoft Dynamics (formerly Great Plains), AppFolio and Oracle packages. Our outsourcing accounting services are used by 300+ businesses across sectors like CPA firms, real estate, construction, logistics & transportation, retail, restaurants, manufacturing and IT firms.

Accounting Outsourcing Services 

1 (646) 367-8976

Contact us for a customized NO OBLIGATION proposal for outsourcing your accounting activities

EXPERIENCED TEAM | 40+ Staff with average 5+ years of US outsourcing accounting experience

OUR CLIENTS  | Served 300+ Small and Mid Size Businesses in North America

CLIENTS ACROSS USA | California, New York, Texas, Florida, Georgia, Ohio, Colorado, Kansas, Pennsylvania, Oregon, Washington, Illinois, Massachusetts and More

Cost Effective 

Expand your margins and drive up your efficiencies by leveraging the trio of low cost staffing, technology and process improvements

Flexible Staffing

Have flexible staffing levels as per business requirements. Use us as full-time, part-time or on as needed basis  

Specialized Expertise

Access to best practices in outsourcing accounting, processes, business norms and technology 

Focus on Core Business

Focus on revenue generation, closing deals and improving operations while we manage routine accounting activities

Outsource Accounting Services 

Accounts Payable

  • Creation of purchase orders (POs)
  • Entry of invoices including 2/3 way matching with POs and packing slips
  • Disbursements processing- entering checks, ACHs and transfers 
  • Accounts payable reports including aging report
  • Set-up of vendors in accounting system with proper documentation
  • Vendor coordination and query resolution
  • Vendor compliance tracking- insurance certification, lien waivers etc.
  • Vendor reconciliations
  • Miscellaneous accounts payable tasks


Reconciliations

  • Bank account reconciliations
  • Credit card reconciliations
  • Mortgage account reconciliations
  • Escrow account reconciliations
  • Line of credit account reconciliations
  • Merchant account reconciliations
  • Inter-company reconciliations
  • Petty cash reconciliations


Payroll  Processing Services

  • Payroll processing including gross and net pay check calculations based on FUTA, SUTA, SS, medicare, garnishments, and 401(k) deductions 
  • Updated employee records and legal regulation
  • Live time access to view and analyze all payroll
  • Keep record of cash required before payroll processing
  • Timely deposit of all federal, state and other payroll taxes
  • Electronic filing of all state and federal payroll returns


Travel and Expense (T&E) Management

  • Employee list/database management
  • Scrutinizing and validating invoices against existing T&E policies
  • Processing of T&E claims as per documented procedure
  • Travel and expense accounting including entry of travel and expense bills, mileage accounting, employee reimbursements


Financial Modeling and Analysis

  • Simple to complex business plan formulation
  • Preparation of monthly, quarterly and annual forecasts of key financial parameters
  • Financial analysis like ratio analysis, break-even analysis, NPV and IRR analysis
  • Customer profitability analysis
  • Sensitivity analysis
  • Sales product mix analysis
  • Make vs Buy/Buy vs Lease analysis

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Management Dashboards

  • Financial dashboards
  • Sales dashboards
  • Detailed expense trend dashboards
  • Portfolio dashboards
  • Employee/Agent dashboards
  • Operational dashboards customized to industry requirements

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We have strong functional outsourcing expertise in end to end accounting processes covering daily accounting activities, month end and year-end account finalization processes, employee reimbursements, payroll processing, management reporting and financial analysis.

INDUSTRIES SERVED

IT Firms

General Contractors

Manufacturing

Accounts Receivable

  • Creation of sales orders
  • Billing services: creation of sales Invoices including itemized invoices, time-sheet based invoices, construction draw invoices etc.
  • Customer receipts processing/cash application services
  • Aging of receivables and receivables tracking
  • Set-up of customers in accounting system with proper documentation 
  • Email based collection support
  • Miscellaneous accounts receivable tasks


General Accounting

  • General ledger maintenance
  • Monthly accruals of recurring expenses and utilities
  • Prepaid amortizations
  • Maintaining month end closing schedules
  • Monthly review of select balance sheet accounts
  • Preparation and filing of sales tax and franchise tax returns


Inventory

  • Periodic physical inventory to books inventory reconciliation
  • Set-up and maintenance of inventory item list in accounting system 
  • Tracking of inventory losses and inventory control
  • Clean-up of inventory lists by inactivating items, removing duplicate items etc.


Fixed Asset Maintenance

  • Updated fixed asset register with new asset additions, dispositions and write-offs 
  • Reconcile fixed asset and other associated sub-ledgers to general ledger 
  • Calculation of depreciation based on different depreciation rates and methods 
  • Preparation of journal entries such as - expensing of fixed assets, depreciation entries, asset purchase/sale and write-off of old or fully depreciated assets  
  • Accounting for sale/disposal of assets

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Financial Reporting

  • Balance sheet 
  • Income statement
  • Cash flow statement 
  • Inventory reporting 
  • Monthly financial analysis of income statements
  • Expense reports
  • Custom reporting


Budgeting

  • Detailed operating budgets covering projected revenues and budgeted expenses
  • Departmental level budgets/divisional budgets such as marketing budgets, sales budgets
  • Cash-flow budgets at company/ departmental/locational levels using a variety of methodologies

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Other Services

  • Set-up of accounting systems and procedures
  • Clean-up and updating of historical transaction records
  • Year end audit support
  • Accounting software transition including set-up of lists (customer, vendor, employee, inventory etc.), chart of accounts and transactions

Software Expertise

We have high expertise across multiple accounting software used in USA. Our team can get trained in a custom ERP/software or any other software with minimal learning curve due to our experience working in multiple national/international accounting packages.

Learn more about our accounting outsourcing services for small medium businesses.

Watch it in action!

Pricing

Note

  • The listed set of services are indicative. Custom activities can be added upon request depending on complexity and skill level required

Our indicative standard charges for accounting services are listed below. Custom packages of 25, 50 and 80 hours per month are available.

Entry of invoices, bills

HOURLY CHARGES

$11

Bank and credit card reconciliation

Simple management reports

Onwards

Turnaround time: 3-5 business days

JUNIOR ACCOUNTANT

$1500-1700

160 hours dedicated monthly staffing

Accounts payable processing

Bank and credit card reconciliation

General ledger maintenance

Turnaround time: 1 business day

SENIOR ACCOUNTANT

$2100-2400

160 hours dedicated monthly staffing

All junior accountant activities plus 

Month end closing

Financial reporting and analysis

Turnaround time: 1 business day

Ready to Outsource. What Next?

Identify the accounting activities you would like to outsource

Begin with a pilot phase to test and check the services

LIST OF POPULAR OUTSOURCING ACCOUNTING ROLES

IDENTIFY

SELECT

PILOT 

PHASE

ONGOING

PROCESS

Identify and select the right accounting outsourcing service provider

Post completion of pilot phase, expand the process to a full ongoing scale

Outsourcing Roadmap

Typical Outsourcing Scale-Up Roadmap for a Mid-Size Company 

The first month of service is used to initially explore mutual working and test the effectiveness of our services, fine-tune the process, establish a working relationship, determine service level parameters and gradually scale up the activities done from India.

Pilot Phase (1st Month)

Accounts payable- entry of invoices and utilities, check/ACH processing, debit card/CC transactions and miscellaneous activities such as vendor set-up, funding petty cash etc.

2-3 Months

Accounts receivable and cash application services- accounting in AR, aging of receivables, email based collection support, receipting/cash application services and miscellaneous accounts receivable tasks.

4-6 Months

General accounting- bank, credit card, mortgage and insurance escrow reconciliations, general ledger maintenance, month end closing, monthly and quarterly financial reporting for management.

7-9 Months

Dashboard reporting- user friendly and easily readable management dashboards tracking key operating and financial parameters.

10-12 Months

OHI Advantages

Small medium businesses with an annual revenue from USD 1m to 500m

CLIENTS

Experienced accountants at every level specialized in handling multiple type of accounting activities

STAFF

Our ability to transition accounting outsourcing processes with low documentation

PROCESS

* Mid-Size Companies are defined as companies with accounting departments of size 8-10 staff members

About Us

  • 300+  served since 2006 across North America in all major states 
  • High client satisfaction - Most of our clients have been with us since 8+ years
  • Senior management team with rich outsourcing and management experience since 2003 in global companies
  • Staff with at-least six years of accounting outsourcing experience
  • High expertise in QuickBooks (Pro, Premier, Enterprise and QB Online), Xero, NetSuite, Yardi, AppFolio, OneSite, MRI and Sage
  • Spacious office set-up with modern facilities and uninterrupted power supply
  • 15 MBPS high speed dedicated internet leased line
  • Custom packages of 25, 50 and 80 hours per month available

Our Clients

A vertically integrated, full service real estate company based out of Bellevue, WA. They specialize in commercial properties. The firm has developed and built in excess of 81 properties and have more than 10,000 units under management.

Industry | Real Estate

A midsized real estate property management firm based out of Beverly Hills, CA. The firm manages over 50 properties, across 9 states, encompassing over 1200 tenants and nearly 1.5 million square feet. 

Industry | Real Estate

A well-known construction and development company in Canada specializing in construction and development of high rise concretes. It is a mid-sized firm and one of British Columbia’s most experienced and respected developers.

Industry | Construction

A construction company in Aspen, Colorado providing general contracting, plumbing and property management services.  

Industry | Construction

A 100 year old moving and storage company headquartered in Colorado with multi-state operations. The firms’ revenues are about 50-75 mn and has about 250 employees.

Industry | Transportation

A mid-size data warehouse consulting and engineering firm based in OH. They build new data warehouse solutions, optimize existing environments, and offer an outsourced service for point of sale data analysis.

Industry | Information Technology 

A large CPA firm based in Northville, MI. The firm has clients from virtually every business sector from around the US.

Industry | Accounting

A mid-sized full service tax firm based in Chicago, IL. The company has a successful track record and is a leading national provider of tax resolution, tax preparation, bookkeeping and accounting services.

Industry | Accounting

Testimonials

“I was very impressed with the work your firm did, I am very pleased. Your accountants that worked on this account were very good.”

Partner, mid-sized CPA Firm in Miami, FL

“Thank you for your work this looks great! I appreciate that I can have confidence in the quality of product I will receive back when I assign special tasks.”

Construction Manager, large Real Estate Firm in Bellevue, WA

“I am very happy that I have decided to outsource to you guys. I sing the praises of outsourcing to India to many people I meet in the Montreal business community. Most people are very surprised, they have never heard of this. I truly believe that this will be the future.”

President, Children’s Therapy Center in Westmount, Quebec

“I wanted to let you know that we are happy with how the accounting process is working. Amit, Deepak, and Naresh are doing a great job on our account.”

CFO, Real Estate Firm based in Tampa, FL

Copyright ©  OHI 2018. All rights reserved.

Contact us  for a NO OBLIGATION customized cost benefit analysis of outsourcing opportunities in your organization

Interested in Learning More?