Accounting / Payroll Functions

Hinditron’s Accounting and Payroll functions provide solutions to manage important, non-core business processes within an organization.

Working from prime records and information, such as invoices, cheque book counterfoils, paying-in book counterfoils and bank statements, we maintain records, both manual and computerized, which constitute the formal books of account of the business.

The accounting software that we use then enables us to provide comprehensive reports and management information. All normal accounting routines are undertaken, such as bank reconciliations and tax Returns and at the end of each financial year, all relevant workings are supplied to clients’ accountants, so that the audit and preparation of accounts can be undertaken by them.

Our facilities include accurate and timely payments to suppliers for goods or services rendered and thereby ensuring Maximum Discount Capture.
 

Hinditron process of Account payables are:

• Database Management, Vendor & Payments setup and maintenance

• Imaging process using Automated Document workflow software

• Invoice Scanning, Data Entry, and Dispute Resolution

• Matching of Invoices with purchase orders and goods received at 3 levels

• Duplication eliminating (corrective measures)

• Appending up invoices for payments enhancing discount capture and timely payments

• Manual and electronic payment of the invoice

• Debit note issues, Adjustments/Collections

• Clients General Ledger forwarding

• Value added tax data and reports providing

• Response to queries from suppliers or vendors over mail or phone

• Supplier Account Reconciliation

The moment Hinditron receives the client accounts our team analyze the timely filing limits, payer wise breakups, coding issues, and billing errors. Our main focus is on the cash transactions, watching on the aging reports and cash posting. We coordinate with the clients seeking clarification or additional documentation. We then review all accounts of normal reimbursement and check against carrier's fee structure.

We have our calling department equipped for claim status follow up and appeal interacting with case workers, employers, attorneys, patients, doctors' office and insurance companies.

We offer Billing and collections services ranging from early arrears and prime placements to tertiary placements and purchased debts, for various collection agencies and debt buyers.

Analytical and statistical modeling tools are utilized with the customer information model, demographic information, credit scores, ageing analysis and transactional behavior patterns exhibited by the defaulter to invent the correct action(s) to be taken for an overdue payment.

Customizable workflows commits that events in the collections lifecycle are planned and tracked across functions activated by our collection officers offshore, so that resulted actions can be taken as the risk profile degrades. Our functions would vide mass communications such as letters, emails and faxes, to point communications, such as telephone calls to defaulters.

Hinditron provides a wide range of financial management and reporting services. These include

For Retail and Merchant Banks

• Money market operations

• mortgage and transaction processing outsourcing

• document management

For Investment Banking

• High-end research and analysis to creation of pitch books

• financial management services including clearing settlement support

• reconciliation & credit and equity research

For Financial Services

• Data collation and analysis research

• periodic reporting and analysis

• public/private placements

• general reconciliation

• sector report economy/thematic reports

• company report

• financial planning and analysis

• variance analysis

• budgeting financial reporting

• fixed asset accounting

• billing and cash management general account and financial management

• financial reporting and risk management treasury and investment management

The accounting process of paying employees for services rendered is called payroll processing.

Hinditron understands that the payroll involves the calculation of amounts due the employee, such as hourly wages, a salary consisting of a certain amount per calendar period, or pay to salespersons on commission, as well as reimbursement for employee-paid expenses such as travel (calculated either based on actual amount paid by the employee or utilizing a per diem rate).