Accounting Services
Charting of Accounts
The chart of accounts for any business is a plan. It is a guide of all the accounts where the company documents its financial information. The chart of accounts is a listing of all the company’s account names and numbers where it records all of its financial transactions.
Setting up the Chart of Accounts
When you start a new business, you set up your chart of accounts as a first step in establishing your company’s accounting system.
When you set up your chart of accounts, think of the future. Don’t just think about the accounts you need for your business now. Think of the accounts you may need 5 or 10 years down the line and include those in your chart.
Outsource this task to us and benefit from accurate services.
PROCURE TO PAY (P2P)
Our P2P solution covers the entire set of finance & accounting P2P process right from vendor master sheet creation to month-end closing and reporting. For each process set, we have best-in-class solutions integrated with technology drivers such as scanning, customized document management systems and workflows.
TADWEEN’s procure-to-pay improves the business outcomes delivered to clients by reducing the life-cycle costs, better supplier management, shorter settlement cycles, and greater contract compliance.
ORDER TO CASH (02C)
O2C is one of the most important functions of finance & accounting as it deals with the revenue stream of an organization.
TADWEEN’s Order to Cash solution deploys standardization, centralization and automation to improve the performance of the O2C process leading to improved order fulfillment, reduced days outstanding and improve collections.
As part of our periodic reporting, we present O2C specific analysis and insights in the areas of order-taking, invoicing and collections that the management can use to better manage the O2C process, improve cash flow, and customer relationship.
Our O2C offering covers:
Receivable management
Master data management
Order processing
Invoice processing
Recognize cost of goods sold
Processing cash receipts
Collections and Credit Management