Profit & Loss Accounts
Making payments efficiently, cost-effectively and surely are pivotal to every well-managed finance function. For this purpose we need to control the corporate spending. Manual purchasing processes are slow, time consuming and often lead to supplier account problems, over budget spending and an ever growing number of suppliers.
BM CompTax Purchase management automation delivers a single, seamless and paperless automated workflow process from:
- The creation of a request to buy (requisition)
- A formal purchase approval process with configurable workflow
- Real time budget checking at requisition generation and purchase order approval
- Optional receipting of goods and services
- Purchase invoice capture with automated matching to PO and receipting
- Automatic purchase order generation
- Electronic approval plus automatic posting to the ledgers
Purchase automation ensures that every purchasing transaction's current status is instantly visible to all involved removing the endless paper chase, which is particularly beneficial for multi-location businesses.
The benefits of BM Comptax Consultants Purchase management automation are :
- A hosted system which can be accessed from any site
- Accounting Systems & Control Mannual
- Design and Set-up Business Process and Internal Control Systems.
- Accounting system set up ,review, improvement and implementation.
- Accounting & bookkeeping outsourcing of US,UK,Canada,Australia,Germany clients.
- Accounting system design and set up for US,UK,Canada,Australia,German clients in India.
- Accounting advisory services.
- Accountings security systems review and management of foreign corporate.
- Information Systems review / audit.
- Information Security review / assessment.
- Systems and Process manuals preparation.