ISO/IEC 27001:2022
We strive to follow the international regulations of ISO /IEC 27001:2022 for handling and processing ledger documents.
10+
Years Of Experience
Simplifying Data. Empowering Business.
Manage Your Ledger Administration More Efficiently
Are increasing ledger data volume, journal entries, month-end closing operations, and related activities keeping your in-house experts in trouble? If so, OIDE, the provider of ledger administration & bookkeeping services in India, is here to support your in-house experts with our services. Our team, which can be an extension of your in-house team, can not only manage the tasks but also let your team focus on the core operations of your business.
Whether you want us to support your business in the USA, UK, or Australia, we can deliver 99.5% accurate solutions that address your requirements effectively.
Outsourcing vs. In-House Ledger Administration
Choosing between in-house ledger administration and outsourcing depends on your particular requirements.
Benefits
Cost Efficiency
Outsourcing
Minimizes the need to invest in staff recruitment and resources
Inhouse
Need to invest in hiring and training specialized professionals and other resources
Benefits
Access to Expertise
Outsourcing
Access to professionals who possess in-depth knowledge of ledger administration
Inhouse
Need to hire skilled professionals and provide them training frequently to keep them updated on the latest trends and standards
Benefits
Scalability and Flexibility
Outsourcing
Increase or decrease in ledger administration requirements can be managed efficiently
Inhouse
Increasing or decreasing ledger administration capacity is a time-consuming process
Benefits
Faster Processing
Outsourcing
Ledger document processing is comparatively quick with experienced professionals and cutting-edge tools
Inhouse
The processing time of ledger documents depends on available resources
Benefits
Advanced Technology
Outsourcing
Will get access to top-notch technology and tools based on service arrangement
Inhouse
You need to purchase cutting-edge tools and software
| Benefits | Outsourcing | Inhouse |
|---|---|---|
Cost Efficiency | Minimizes the need to invest in staff recruitment and resources | Need to invest in hiring and training specialized professionals and other resources |
Access to Expertise | Access to professionals who possess in-depth knowledge of ledger administration | Need to hire skilled professionals and provide them training frequently to keep them updated on the latest trends and standards |
Scalability and Flexibility | Increase or decrease in ledger administration requirements can be managed efficiently | Increasing or decreasing ledger administration capacity is a time-consuming process |
Faster Processing | Ledger document processing is comparatively quick with experienced professionals and cutting-edge tools | The processing time of ledger documents depends on available resources |
Advanced Technology | Will get access to top-notch technology and tools based on service arrangement | You need to purchase cutting-edge tools and software |
How OIDE Helps Overcome Ledger Administration Challenges
Businesses can face challenges in ledger administration when the data volume increases, records become outdated, and when there are various accounts to maintain. Understanding these challenges, OIDE, the trusted ledger administration outsourcing company in India, offers customized ledger administration services that will help businesses manage ledger operations efficiently. Partner with OIDE, the provider of ledger administration & bookkeeping service in India, to maintain accurate ledger records and reduce ledger accounting workload.
- We post financial transactions to the general ledger at the agreed frequency.
- Our experts verify the accuracy of recorded entries.
- Through our general ledger maintenance services, businesses can maintain accurate, organized, and up-to-date financial records.
- We code all your transactions by following the coding rules approved by the client.
- Our experts review the coding data, identify hidden errors, and fix them instantly.
- By choosing our service, businesses can make their record analysis process easier and more efficient.
- Our experts at OIDE, support businesses to prepare recurring journals and accruals.
- Once everything is created, we share them with clients for final approval.
- Through our service, businesses can create and maintain clear financial records effortlessly.
- We compare your control accounts, suspense accounts and intercompany balances on a regular basis.
- If any discrepancies are found, we document them and inform the client.
- With our control account reconciliation service, businesses can identify errors and can maintain accurate ledger balances.
- Our experts carry out the month-end closing activities as per the agreed checklist.
- Generate trial balances and structure financial records for your financial team.
- Through our service, businesses can manage month-end closing activities efficiently.
Why Choose Our Ledger Administration Support Service?
HIPAA and SOC 2 Type 2
Our processes are designed to support key practices of HIPAA and SOC 2 Type 2 to ensure the security and integrity of your ledger data.
100+ Projects Delivered
We have supported 100+ projects in ledger administration.
Case Studies on Ledger Administration Services
Case study 1
A logistics company in the USA approached OIDE when their team needed support to create and maintain accurate ledger accounts. Our team of experienced professionals managed the project by offering support in transaction posting, purchase and ledger posting, and control account reconciliation. With our general ledger maintenance services, the company could gain 99.5% accuracy in the ledger process and reduce the workload of their in-house team.
Case Study 2
A manufacturing company in Australia that was managing 4000 transactions every month, need support to manage month-end activities. Understanding the requirement, we deployed a team of 4 financial experts to manage the project. Our team supported in general ledger posting, control account reconciliation, and month-end closing operations. Through our service, the company achieved a 40% reduction in the ledger workload and gained structured data, which supported them in month-end closure reporting.
Ledger Administration Services Frequently Asked Questions
01
Ledger administration outsourcing refers to the process of assigning routine ledger administration tasks to an external service provider.
Whether you need support in ledger posting, handling sales & purchase ledgers, or month-end close support, we deliver them by considering your accounting process and volume. By choosing our general ledger maintenance services, businesses can reduce workloads and bring efficiency to ledger management.
02
Ledger administration and bookkeeping are closely related but not exactly the same. While ledger administration deals with operations like general ledger posting, reconciliations, updating balances, etc., bookkeeping is all about recording daily transactions of businesses.
03
We can manage both ledger creation and posting. Whatever the requirement, we support businesses by understanding your procedures and ledger data.
04
We conduct strict audits to identify errors or discrepancies in the ledger data. If we find any issues, we fix them without delay.
05
The cost of ledger administration services depends on factors like
- Transaction volume
- Complexity
- Requirements
- Reporting frequency