Cosmic
QuickBooks Training

Services

Cosmic IT Services, provides complete outsourced bookkeeping, financial information management solutions, taxation and support services to SME's.

We have experts to take care of all your financial management needs including bookkeeping, financial analysis, financial statement for managerial review, budgetary analysis, tax return preparation, business consulting, management advisory, computer consulting and host of other services.

Cosmic is a premium provider of online Accounting services. We specialize in Bookkeeping, Taxation, Accounts Receivable and Payables Management etc.

Headquartered in WY with offices in India, the company delivers reliable services to a host of small and medium enterprises through its onsite and offshore model. Our commitment in helping organizations in managing their Financials irrespective of their size, has resulted in long lasting client relationships and our client base has shown rapid growth.

The Cosmic business approach employs a dual emphasis on "skill", denoting a technical and managerial competency, and "scale", which reflects the ability to create a high volume world class processing capability. We strive hard to provide sound business solutions, simplify processes, and ultimately deliver cost advantages and add value to each of our clients.

We provide meaningful financial information in a cost effective and timely manner to our clients and ensure that their business operation runs efficiently on a daily basis. From a low cost bookkeeper to a high-end financial expert, we have it all. The efficiency of putting a low cost bookkeeper to do the data entry and then the review and planning work by a financial expert allows us to deliver quality management information at a lower cost.

Our Values:

  • Quality, Reliability and Integrity
  • Practical and Professional Outlook
  • Security of your records
  • Excellent Services and Availability
  • Partnership and Teamwork with customers
  • Constant Innovation and Process Improvements
  • Dependability
  • Deep domain knowledge in diverse fields
  • Infrastructure and security

Infrastructure and security

We have state-of-the-art computing and communication technology. Our Internet and telecom technologies in the center provide the perfect platform for customer service and support on par with industry standards. We use some of the latest security technologies to ensure data integrity for our clients.

Cosmic follows well defined multiple physical and software security system to ensure consistent quality results. Utilizing robust Web deployable software, Cosmic provides powerful Workflow Management System (WMS) www.paperlessovernight.net hosted on servers located in US. All the data loaded to Workflow Management System resides on these servers and never leave US shore. Our team connects to these servers via secured VPN tunnel.

Network and Data Security

Cosmic has invested in a state of the art infrastructure which features:
  • Firewalls and IDS monitored around the clock.
  • Antivirus installed on all desktops and servers.
  • Restricted access to Servers and shared areas on the servers to ensure that only authorized personnel are allowed
    to access the relevant data.
  • Restricted Access to the internet.
  • Workstations with disabled Media such a floppy drives, USB drives, & printers.

Employee Security

Cosmic follows a stringent HR policy which features:
  • Non-disclosure Agreements during time of employment
  • Reference checks at the time of recruitment, from past employers
  • Educational qualifications verified directly with educational institutions and a criminal background check from local police stations.

Audits

Cosmic follows an ongoing evaluation and regular Annual Audit Program, as a part of ISO process wherein the following are evaluated:
  • Policies and processes both for ISO and the organization as a whole
  • Local security
  • Network security
  • Vulnerability assessment
  • Confidentiality and privacy

Confidentiality and privacy

We at Cosmic are sensitive to customer concerns and ensure absolute confidentiality and privacy of any information that is given to us. Customers can specify their preferred method of contact with us and we will not disclose their identity without their expressed or written consent.

Cosmic reduces costs and enables your team to focus on functions that are core to your company's growth. Whether you are a business owner, financial professional or individual, Cosmic can provide you with the tools you need to better manage your business and personal financial data, records and information storage needs.

Cosmic provides individualized services customized to meet the unique needs of each of our clients. Our products are geared towards small to medium sized businesses generating between $100,000 and $20 million annually in gross revenues. Cosmic's services allow companies to reduce bookkeeping and financial operating cost but still improve administrative and reporting capabilities.

OUTSOURCING SOLUTIONS:

Why Outsource?

With our 24/7 Bookkeeper starting as low as $99 per month for paperless overnight sign-up, you owe it to yourself and your business to learn how we can help you:
  • Save money by saving on administrative overheads
  • Focus more on your core business
  • Access your documents 24/7
  • Trust on the professionals
  • Paperless office technology with the Internet

What types of small businesses does this work for?

  • Accounting, Tax, and Billing Service Firms
  • Real Estate Sales
  • Financial Services Offices
  • Insurance Offices.
  • Legal Offices
  • Collection Firms
  • Large Ticket Sales Firms - of almost any type
  • Internet Website Development Companies
  • Computer Service and Installation Firms
  • Advertising Firms
  • Employment & Human Services
  • Travel Agencies
  • Construction Companies
  • Consumer Service Companies

How it works?

Simple!

We upload the information we receive from you (via fax, mails or emails) to our highly secure servers using the 128-bit encryption technology.( www.paperlessovernight.net ) The information is then accessed by a dedicated staff assigned to you from our pool of experts. The staff works in a time zone that is different from ours in the US so is able to work overnight on the information that you had provided to us before you left for the day. The staff is supervised for quality assurance and reports to managers who then review the works before the final output is uploaded back to our secured servers. By the time you come in the morning your work is completed and is delivered to you in the manner you choose


The Cosmic Advantage

Provide timely and accurate data processing and reporting.
  • Cost a fraction of in-house staff costs.
  • Provide professionals access and organize financial information for business owners and professionals.
  • Virtual storage and retrieval of business and other documents.
  • Data remains secure and accessed only by authorized staff
  • We are available to serve you, with offices both in USA and India

Cosmic Bookkeeper:

Cosmic Bookkeeper service is suitable for small or mid size businesses wanting to outsource part or all of their bookkeeping function to us to improve their efficiency and reduce their costs. Our customer's gain 24/7 secure access to their accounts and financial records from the internet. Our clients either fax, scan-and-upload or email invoices, statements, and other information to Cosmic for processing the information.

The Bookkeeper offers the following features:

  • Bank reconciliation
  • Payroll solutions
  • Transactional processing and financial record-keeping
  • Monthly, quarterly or annual reporting (balance sheet, income statement, cash flow, accounts payable and receivable aging reports)
  • Online 24/7 secure web access via our proprietary Cosmic 24/7 workflow management system (paperless overnight) digital web portal

So simply fax, scan or email invoices, statements, and other information to Cosmic for data entry.

Bank reconciliation and data entry:

  • Our skilled staff is trained to enter data from on line read-only banking access on a daily basis. Therefore our clients have their bank accounts updated and reconciled daily when there are numerous transactions every day, without having to employ a full time bookkeeper.
  • Monthly reconciliation is done when our staff does not have access to read-only banking access. In such cases bank is reconciled immediately upon receipt of bank statement.

Payroll accounting:

  • We work with the company's payroll service provider like ADP and others. We gather all the payroll information including computation of commissions and provide it to the payroll service provider every pay period for timely processing of the payrolls.
  • Once the payroll has been processed by the payroll service provider our skilled staff will enter the payroll information in the accounting records in a timely manner.
  • Our staff will then review the payroll records and checks to make sure that the information processed by the payroll service provider matches with the information that was provided to them.

Accounts receivable management:

Our staff provides the following support functions in the accounts receivable management:
  • Daily Invoice data entry to reflect updated accounts receivable accurately
  • Mail/email customer invoices if required
  • Account receivable collection service by contacting the customers with overdue accounts over phone or by writing to them.
  • Payment posting for customer payments received.
  • Review the accounts receivable for ageing and identify long outstanding receivables and recommend reserves for doubtful accounts.

Accounts payable management:

Our analyst provides the following support functions in the accounts payable management:
  • Receive all bills for data entry and organize those in proper order
  • Enter all bills in the accounting system to reflect updated accounts payable daily
  • Credit card statement access and data entry of expenses daily to provide updated information on expenses.
    If access is not provided data entry done on monthly basis.
  • Maintaining copies of the bills in digital format for ready access
  • Review and analysis of accounts payable ageing and cash flow planning for expenses

Talented Financial Team

The Cosmic team is comprised of the finest trained financial professionals. Our experienced financial specialists have the support of a group of financial professionals with years of experience.

After a detailed interview and testing process our people are hired and trained to carry out their duties under strict supervision. Our team of highly trained accountants has considerable hands-on experience and are supervised by managers who are conversant with the latest guidelines and pronouncements on like the US GAAP, IAS and SEC regulations.

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