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Spinebiz Finance and Accounting Services

Finance and Accounting Services

Our global expertise in Finance and Accounting best practices has helped clients:

  • Achieve more with limited in-house resources
  • Leverage evolving technology platforms and solutions
  • Streamline and optimize key processes
  • Implement strong compliance measures
  • To efficiently manage cash-flow
  • Tap into a pool of experts on demand
  • Gain real-time visibility into their businesses
Spinebiz Finance and Accounting Services

What do we offer?

Procurement to payment
Better identification of sourcing opportunities extends efficiency gains through accounts payable process, More Control, Efficiency via Automation, Cost-Efficiency, Transparent Supplier Relationships, Value-Added Services.

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  • PO Processing
  • Master Data Management including Vendor, Item, and Material Master Maintenance

Invoice processing

  • Scanning, Indexing, and Coding
  • Invoice Posting
  • Refund Claims
  • Employee Claims (expense reimbursements)
  • Payment Processing
  • Disbursements
  • Discounting
  • Month-end Accruals and Taxation
  • Withholding Taxes
  • Aging analysis
  • Vendor Reconciliation and control
  • Any other related reports

Order to cash
Optimization of Working Capital, Streamlines Billing Process and cash operations, provides transparent customer relationship, Track and analyze revenue and cash flow, monitoring closely the aging of receivables to enables efficient planning and forecasting.

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Contract & order management

  • Order Entry, Review, Release and Tracking
  • Inventory Management
  • Customer Database Management

Credit control and invoicing

  • Credit Analysis, Appraisal and Credit Limit Management
  • Billing, Discounts & Invoice Adjustments
  • Tax Accounting

Accounts receivable and collections

  • Collection Processing
  • Unallocated Payments and Exceptions Handling
  • Collection Reconciliation
  • Dunning Letters & Payment Follow-up
  • DSO (Daily Sales Outstanding) Management
  • Aging analysis
  • Bad Debts Provisioning
  • Customer Reconciliation and controls
  • Any other related reports

Record to report
Enhance financial controls, standardize and automated end to end process, business information to support better decision making, maintain credibility in the financial community through accurate and timely regulatory submissions.

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General ledger accounting

  • Journal Entries
  • Pre-payment and Adjustments Entries
  • Period End Accrual Entries
  • Inter-company / Inter-Branch Transactions
  • Reconciliations – Bank, inter branch, inter company
  • Payroll Accounting
  • Ledger scrutiny for reports

Fixed assets

  • Recording of Additions, Disposals, Sale, and Transfers
  • Review & Capitalize Work-in-progress
  • Depreciation Run and Posting

Period closing & reporting

  • Reconcile and Close Sub-ledgers
  • Review Accruals
  • Foreign Exchange Revaluation Run
  • Trial Balance Generation
  • Periodic Income Statements and Balance Sheet
  • Consolidation as per IFRS requirement
  • Schedules for month end and year end closures

Financial management
Financial management is one of the most important aspects in business. It helps to make effective and efficient use of resources. Helps management take informed and timely decisions.

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  • Financial reporting
  • Analysis
  • Cashflow & budgeting/forecasting
  • Budget comparison and control
  • Virtual CFO

VAT accounting and book-keeping for SME
Preparation and management of Accounting Records and Commercial Books in relation to your Business as required by Tax and VAT Legislations.

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  • Managing Records of Purchases and Sales
  • Updating Payments and Receipts
  • Calculating Revenues and Expenditures
  • Creating Records of Wages and Salaries
  • Maintaining Records of Fixed Assets
  • Preparing Inventory records and statements
  • Balance sheet and profit and loss accounts

Electronic Document Management
Manage your files and information hassle free through cloud-based document management solution.

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  • Electronic back up of important documents for VAT compliance
  • Simple and secured web-based access
  • Easy scanning and indexing process
  • Cloud based document management solution for easy upload and reference to avoid shipment of documents for data entry
  • Transparent workflow to provide complete visibility of data entry process
  • End to end maintenance of books of accounts and reports in Tally ERP

Finance outsourcing – Value Added Services

Consulting services

Our extended tie ups with competent professional consulting organisations in our focussed countries will help our clients to get one-stop solutions for all financial service’s needs.

Payroll management / coordination

We can take care of both accounting aspects of Payroll as well as internal and external compliance aspects of Payroll Management through effective departmental coordination.

Statutory audit support

We can manage complex activities related to audit, be it consolidation of financial statements, audit schedules or tasks related to audit queries and can depute competent professionals.

Internal audit and compliance process support

Our domain knowledge, ability to conduct activities in a structured manner and Technology solutions can help manage Internal Audit functions in a more transparent and cost-effective manner. Designing and implementing effective internal audits is possible through co-sourcing options also.


We can provide resources for financial services through our near-shore customer service centres. Our extended tie up with professional consulting organisations is utilised by many clients for temporary hire of resources with specialised skills.

Our credentials

Transactions a Month

Why choose Spinebiz

Tailor made solutions

Synergy with different functions to optimize cost and productivity

Exposure to small, medium and large organizations

Global Experience

Technology tools and competence

Effective risk mitigation

One stop solutions

Data security and integrity

Continuous value creation through process improvements

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