The ITES Division of Topsys Solutions Pvt Ltd. was created to take-up transaction based BPO work. Today we provide affordable Payroll outsourcing and Business Accounting Services, using state of the art technology, through our highly experienced team of professionals.

We undertake all the tasks in payroll processing & financial accounting, including some of the more labour intensive activities enabling companies to focus on their core activities.

We aim to:

• Reduce the cost of accounting & payroll processing in small, medium and large sized companies significantly.
• Improve the quality and timeliness of payroll processing and financial accounting strictly conforming to the statutory requirements.
• Ease the pressure on HR & accounting departments of  organizations by improving the timeliness of their reporting.

We achieve this by providing professional expertise at affordable cost. We aim to deliver quality, reliability, security and cost efficiency. Topsys Solutions is about giving value for money.

Our diverse experience, gives us real insight into the HR and accounting needs of companies. We had been there, experienced the pressures and the pitfalls. We know the difficulties of small businesses, understands the intense and unceasing pressure on large company HR & accounting departments.

When you outsource your payroll and accounts to Topsys Solutions, you can have peace of mind, secure in the knowledge that you are free of most of the difficulties and frustrations of running these departments. You can focus on the really important things: the activities which actually grow your business

We take up Payroll outsourcing work from small to large companies. We handle the following as part of Payroll outsourcing work:

-  Payroll processing based on  data collected from the customer (attendance,

   salary structure etc)

-  Generation of different reports (pay slip, salary register, bank letter etc)

-  Generation of statutory reports related to IT, PF, PT, ESIC

-  Sending pay slip and IT computation sheet to employees through email

-  Calculating IT based on income and tax related savings

-  Optional web based Employee Self Service (ESS) facility that provides:

• Salary slip, consolidated salary details and IT Computation sheet

• Employee information and facility for employees to edit information (subject to approval)

• Facility to enter proposed tax related saving details and view actual details considered for salary processing

• Facility to Make reimbursement claims and view reimbursement report

• Leave management

• Loan information

We can take on most of your accounting processes or, simply, some of the more labour intensive and time consuming ones. It is not just that we can save you money, the relationship has to be built on trust and confidence and that is not achieved easily and overnight. We understand that it is a series of small steps, we can start with a single activity and progress to other activities, as required by you.

Some of the activities we can do on Daily/Weekly/Monthly basis are:.

• Transaction processing, Sales and Purchase Invoices

• Bank Reconciliations and Other reconciliations and analysis

• Maintenance of nominal ledgers, sales and purchase ledgers

• Ensure all appropriate accounts are analyzed and reconciled

• Maintenance of fixed asset register

• Preparation of VAT returns

• Management Accounts, by Cost centre if required, comparison with budget, if required

• Preparation of Profit & Loss Account, Trial Balance and Balance Sheet

• Receivables & Payable Report with ageing analysis

• Other Reports as Required, e.g. Analysis of Sales

We have technical expertise to do Accounting/Book Keeping work on Tally, Sage Line-50, QuickBooks, Iris, Peachtree and VT-Accounts. We can also take-up similar work using other Accounting packages as required by customers.

• You will have more time to focus on your core aspects of your business, reduce headcount and related expenses and improve your bottom line.

• It is far easier to manage a supplier contract than to manage employees.

• Outsourcing accounting functions will reduce the risk of fraud within the company.

• Labour intensive activities, which are costly and prone to errors, can be given to us, the professionals.

• You will have access to higher level of professional expertise in accounting at reduced cost.

• You will have scalability of accounting workforce as business conditions or seasonal cycles change without the trauma of hiring or reducing staff. When you outsource to Topsys Solutions , you can scale up or down at short notice "on call"

• You will have more timely and accurate financial information to manage your business and improve your bottom line.

• You will have stability in your accounting as you will eliminate issues and costs associated with recruiting and retaining accounting staff.

• Outsourcing some major accounting activities to Topsys Solutions will impact favorably on other departments, e.g. less personnel support, reduced IT support and costs, etc

• Accounting records and files are backed up, using advanced technology, which ensures complete restoration of data, if required.

Your actual cost for using Topsys solutions is dependent on what you want us to do for you. While we can undertake all the accounting activities, our services are on a menu basis, we offer flexibility to suit your requirement. However, the more we do for you, the lower the cost. What we can guarantee is a professional service at a cost which will be 40%-50% less than what it is currently costing you. You will realize further savings in recruitment costs and associated employer costs, holiday, pension etc.

Contact us for a no-obligation price quote. We'll analyze your business' accounting needs, learn about your business transactions and volumes, and provide you with the most cost-effective quote. Once you become our client we'll revisit your requirements and transaction volumes frequently, to make sure you're not paying too much for services you do not need, as well as increasing your service offerings, as your business needs change due to growth and success.