Case Study

Challenges faced :

  • Delayed Bookkeeping due to voluminous supplier invoices and remittances received weekly by the client
  • Poor Data Retrieval of accounting vouchers
  • Higher Costs for Bookkeeping Department due to eawayout Team turnover
  • Month Ends used to take place 2 to 3 months
 

Solutions :

  • eawayout Team has domain expertise in US Bookkeeping. We initially studied the process of Bookkeeping and prepared a process flow.
  • The client thereafter used to scan everything as a “shoebox” on FTP server
  • eawayout Team first organizes the scanned data into respective folders as per SoP’s
  • Team connects remotely to the clients server and do the bookkeeping on QuickBooks
 

Benefits :

  • Month Ends completes with in 30 days
  • Bank reconciliations with 7 days of Month End
  • The clients has outsourced AR & AP reconciliations process to eawayout as well
  • The F & A team concentrates more on Management reporting and regulatory Compliance Issues
  • Cost Reduction of Accounting Department by 60%

Address

Kolanawa, Sri Lanka.

Phone

+94712305588 (Hotline)
+94712346633 (Hotline)
+94728980523 (Whatsapp)

Email

[email protected]
[email protected]
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Office Hours

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Mon – Fri – 10:00AM to 08:00PM

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