What We Offer
Cosmic is a remote offshore accounting outsourcing service provider in the vertical of Finance and Accounts. We provide Bookkeeping and Accounting Services to CPA/CAs’ and small & mid sized enterprises in USA and Canada. Cosmic provides comprehensive accounting and finance outsource services to small and mid-size companies allowing owners and/or senior management more time to focus on the growth of their business.
By providing access to high-level accounting services at low cost, clients achieve savings in hard dollars but also in soft costs, such as spending less time on accounting and finance tasks.
Our Basic Accounting Management Services package is designed to complete your daily financial record-keeping tasks as well as your month-end closing tasks, followed by preparation of monthly financial reports and analysis of your business.
We provides Just-In-Time-Accounting, you pay for what you need, when you need it. No need to incur high fixed overhead for services you can get at a fraction of the cost. Please call us for a free initial consultation.
We are a new age business process outsourcing organization, which is highly focused on utilizing the potential of human intelligence and technology to provide powerful employee leasing and recruitment solutions to enterprises. We make it our highest priority to understand our customer's enterprise and its resource needs.
Bookkeeping Services - QuickBooks
- Maintain Chart of Accounts
- Posting Nominal Ledgers
- Post data into Day Books
- Trial Balance Reports Generation
- Establish Closing Schedules
- Perform Monthly, Quarterly and Year-end closings
- Maintaining Account receivables and Payables
- Classify, capitalize and record fixed assets items and capital expenditure.
- Depreciation Calculations
- Invoice Processing
- Client-approved Vendor Invoices Processing
- Client's input based Negotiated Price Items verification
- Client's input based Price and Quantity Discrepancies resolution
- Client-approved Vouchers posting
- Other client-approved Charges Processing
- Other client-approved Charges Processing
- Centralized customer invoice control
- Prompt customer invoice generation
- Customer account reconciliation
- Automated customer statement generation
- Banking of customer receiptsImproved cash flow with quicker customer settlement
- Record and Account for Revenue
- Prepare client's Bills and Statements
- Credit and Collections
- Input Receivable Transactions
- Journal Entries Verification
- Send out client-approved End-customer Bills and Statements
- Maintain Standard Pricing Information
- Maintain End-customer Receivables
- Client-approved Adjustments Processing
- Apply cash received to customer accounts and resolve "Short Pays"
- Preparation of Projected Revenue, Expenses and Cash Flow
- Preparation of Financial Budgets, guidelines and assumptions
- Variance and Ratio analysis' reports comparing actual results to budget
- Provide monthly, quarterly and annual Income Statement, Balance Sheet, Cash Flow Statement compared to budget and/or previous period
- Provide monthly analysis of business' performance by unit
- Provide any other financial report required by the Client's for Banks and Financial Institutions
- Provide reconciliation of Inter-company and Intra-company Transactions
- Reconcile Fixed Assets and associated Ledger Entries
- Reconcile Accounts Receivables
- Reconcile Accounts Payables
- Reconcile Bank AccountsReconcile Credit card
- We have experience and expertise in processing 1040, 1120, 1120 S, 1065 & 1041 tax returns.
- We expertise in most of the popular Tax softwares including Lacerete, Ultra Tax, ProSeries, Drake Software, Prosystem FX, CCH, TaxWorks, TaxWise, Turbo Tax, ATX, Go-system.
- We do the entire Tax Processing work remotely from India.
- We have developed an in-house proprietary Document Management System (DMS) which is very user friendly. The DMS allows easy transfer of the source documents (Digitally) unlike conventional FTP & Email methodology. You get to move your documents as easy as moving it to your next cabin!
- We have a comprehensive 5 stage process for the Tax compliance works that gives total quality control.
- The tax preparer is not a data entry operator he / she is well qualified and experienced tax preparer.
- The turn around time is between 24 to 48 hours.
- Constant contact with your India staff for support and problems.
provides profiled Offshore Programming, IT Consulting, Technology Research Teams for development of Custom Business Applications and Software Products.
- Design, Development and Support of Business Software Applications.
- Ecommerce and Web based Application Development and Maintenance.
- Legacy Software Re-Engineering, Re-Development and Support.
Success of a Software Project greatly depends on the project team expertise in the Customer Business Domain.
- Wealth Management Portal - USA
- eCommerce Shopping - UK.
- News Letter Reporting System - France
- Order Management System - USA
- Content Management System - NZ
- Tourism Websites Chain - USA
- Document Management Software - USA
- Health Accessment Tool - NZ
Cosmic has vast experience in developing and supporting Software Applications in the following Business Verticals:
- Banking, Insurance & Financial Services
- Healthcare, Pharma & Life Sciences.
- Media & Entertainment.
- Real Estate & Construction.
- Travel & Transportation.
Engineering solution - Civil and Architectural works
We provide the Complete Engineering solution for the Civil and Architectural works which includes:
- Developing 3D models from the architectural sketches.
- Generation of General Arrangement drawings and Isometric views.
- Extracting the BOQ of Walls, Roofs, Windows, Doors, Fittings, MEP details, Building management system etc.
- Cost Estimation.
- Developing the component drawings for Roofing, walls, windows, MEP services, Fittings, Piping etc.
- Providing the Fabrication and installation details.
- Providing the Installation manual.
Paperless Overnight Workflow Management System
Cosmic document management system is designed to help individuals, workgroups and large enterprises to manage their documents stored in electronic form. Document management systems provide a means to store, easily locate and retrieve, and exercise control over document-based information through the document's life cycle within the context of a group or large organization. It often includes a workflow component that routes documents to the appropriate users.
The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. The documents may be physically moved over the network or maintained in a single database with the appropriate users given access to the data at the required times. Triggers can be implemented in the system to alert managers when operations are overdue.
The manual flow of documents in an organization is prone to errors. Documents can get lost or be constantly shuffled to the bottom of the in-basket. Automating workflow sets timers that ensure that documents move along at a prescribed pace and that the appropriate person processes them in the correct order.
Cosmic WFMS (Workflow management System) can help firms to reap benefits by improving productivity, becoming more responsive to clients and lowering operating costs.
- Quick and easy access to documents and data in a single view.
- Control multiple document types.
- Full document / Saved / Page search facility.
- Document check-in, check out facility.
- Complete reporting and analysis facility: Numerous reports are provided on process performance, work flow information, time taken for completing the task e.t.c.
- Easy to use.
- Error-free data capturing.
- Upload files existing files to the database.
- Import and Export documents along with indexing data.
- E-mail documents with a single click.
Cosmic is also a local partner of 8020 Accounting Systems LLC, USA and provides QuickBooks training in India.
After the techies, it is now the turn of the finance professionals to strike it big in KPO. Also for those who are migrating to US. Our training program equips them best.
We offer a comprehensive industry-oriented training (with hands-on sessions) on
- Latest versions of QuickBooks 2018 (widely used accounting software in USA).
- Leading US Taxation software (including US tax Concepts).
- You would not want to miss if you are a Commerce Graduate / CA / Accounting Professional planning to pursue global opportunities.
- Aims to comprehensively impart current best practices, standards and processes in US accounting and provides hands-on experience on QuickBooks / US Taxation software's.
- Equips you with the expertise to explore the emerging outsourcing opportunities in financial accounting.
- Conducted by Cosmic team trained by 8020 Accounting Systems LLC, America's Largest QuickBooks Trainer
- Payroll Set-up.
- Set up Payroll Items like, Hourly rate, Salary and Wages.
- Set up Payroll Withholdings like, Federal Withholding, Social Security and Medical Insurance.
- Create Employees and designate them whether the pay check is issued on a weekly, biweekly or monthly basis.
- Track Employee Time Sheets.
- Create Paychecks directly or Through Time Sheets.
- Generate Payroll liabilities (Taxes) due to the IRS.
- Prepare 941 Tax returns/ Forms.
- Generate Payroll reports on weekly, biweekly and monthly basis.
Data Processing Services
Cosmic provides a wide range of data processing services to our clients from different business sector. You choose the platform, the software and the way in which the information will be used. We do the rest.
- Transform your deluge of legal documents and data into an efficient user-friendly electronic database.
- We have skilled staff who are dedicated to legal coding, have a thorough understanding of legal terminology and documentation and are able to review documents and locate specification requirements both efficiently and accurately.
- Our data conversion technique is compatible to all major legal proprietary software formats. By offering flexible service options, we work in partnership with you to find the level of support that most closely matches your business needs.
Cosmic can provide in-depth customer service support 24 hours per day. we offer flexible resources and operational process implementation to clients
- Order taking.
- Insurance care services.
- Credit card orders.
- Database Management.
We have an effective list of service offering specializing in Outbound solutions including:
- Up selling / Cross selling.
- Appointment Setting.
- Mail Follow Up.
- Service & Market research.
- Save time & money.