Global Capability Center

In today’s rapidly evolving business landscape, organizations including CPA firms and companies across diverse industries face increasingly complex requirements in accounting, taxation, auditing, HR management, and legal compliance. At KrayMan, we offer a holistic suite of specialized outsourcing solutions designed to address these critical functions, enabling your business to thrive with confidence and efficiency.

Bookkeeping & Accounting Services

Our people are trained with multiple accounting software including, QuickBooks Online, QuickBooks Pro, Xero, Zohobooks and so on. We provide end-to-end bookkeeping solutions to our clients which includes but not limited to:

• Gathering all the necessary information such as bank statements, credit card statements, sales invoices, purchase invoices and so on
• Recording transactions and coding them into a general ledger
• Bank Account Reconciliation
• Credit Card Reconciliation
• Inventory Reconciliation

Accounts Payable Management

• Purchase Order (PO) management
• Invoice Processing and three-way check
• Vendor Helpdesk
• Vendor payments and reconciliations
• AP ageing reporting and analysis
• Customized processes based on the business requirements

Accounts Receivable Management

• Customer master data management
• Invoicing, credits and adjustments
• AR ageing analysis

• Prepare and record adjustments to finalize the books periodically
• Financial Planning & Analysis (FP&A)
• Proactively sending reminders for various due dates of compliances like estimated federal tax payments, sales tax payments, payroll tax payments & so on.

Audit & Assurance

We have a team of qualified Chartered Accountants (US CPA equivalent) who are experienced auditors and well understand the risks involved in audits. We can help and support the US CPA firms in performing most of the audit procedures (planning till reporting) while the final review and sign-off responsibilities lies with the CPA firms:

Financial Statement Audit, Review and Compilation

• Preparation of Standardized Workpapers
• Flux Analysis
• Journal Entry (JE) testing
• Audit Documentation
• Analytical and Substantive Procedures
• Key Ratio Analysis
• Preparation of Financial Statements

Employee Benefit Plan (EBP) Audits

• Defined Contribution Plans
• Defined Benefits Plans

Not For Profit (NFP) Audits

• Internal controls walkthroughs and testing
• Flux analysis and JE testing
• Analytical and Substantive Procedures
• Preparation of functional expenses schedule and net assets roll-forward
• Budget Vs Actuals analysis

Preparation of Tax Returns:

Filing taxes, especially during the peak season, can be a daunting task for individuals and businesses alike. KrayMan ensures a smooth tax filing process for both individuals and businesses. Our expertise in the field guarantees hassle-free documentation and on-time delivery, resulting in significant cost and time savings.

• Individual Return (Form 1040)
• Partnership Returns (Form 1065)
• Corporate Returns (Form 1120, 1120S)

Other Services

Payroll Management: Our experienced professionals, proficient in payroll outsourcing services, streamline payroll processes, eliminating the burden of paperwork and freeing up valuable time for you to focus on your core business objectives. Our payroll services include:

• Calculation of net pay checks
• Payroll Tax Compliance
• Time & Attendance Systems
• Query Management & Helpdesk
• Year-end form 1099-Misc processing

Legal Support Services

• Drafting, reviewing and finalizing Non-Disclosure Agreements to protect confidential information and sensitive business information
• Assisting with KYC and Due Diligence exercise for charterers, counterparties, banks, and escrow agents
• Preparing Committee Reports and Internal Memos to support effective decision-making and communication within your organization
• Reviewing Procurement Contracts, Vendor Agreements and general commercial contracts to safeguard business interests and mitigate legal risks
• Preparing Supplementary Documents for facility agreements, including corporate documents, powers of attorney, certificates of incumbency and drawdown requests
• Reviewing and negotiating Facility Agreement and other transaction documents for term loans, accordion facility and revolving facility among others

• Billing and collection
• Executive Assistants (EAs)
• Recruitment related services
• Other Customized Solutions