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Process Associate in a Financial KPO. Job profile of a Process Associate
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You are from accounts background and keen to learn about international accounting and auditing practices. You are eager to learn about the latest accounting packages; all this is possible if you join a Finance and Accounts Outsourcing company. The article below has all the information on this role for you to read.

While big companies have a separate department to manage their financial transactions, for small companies outsourcing their financial transactions will not only be cost effective but also free them from hassles like filing tax returns and complying with financial tax regulations, the care of which will be taken by the outsourced party. By outsourcing they can get quick and profession help to manage their financial accounts and assets and people who do outsourced financial work are usually called Financial Process Associates.

Some of the services provided by BPO companies in India in this category are making payment for the client’s supplier (Account Payable), resolving outstanding payments to be made to the vendor by the client (Reconciliations), Preparing invoices, to recover the money owed by the customer of the client for the service or product delivered by the latter (Account Receivable,) and recording all the financial transactions of the client’s company (Bookkeeping). Filing of tax returns, preparing Balance sheet and undertaking bank reconciliation that is to compare the company’s accounts with that of the company’s bank account for any discrepancies are the other tasks processed under this service.

 


   

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