Mayday Accounting – immediate assistance for the accounting function
- Rapid and efficient solution to capacity problems
- Rapid and easy access to KPMG's expert knowledge: experience in process design and implementation alongside execution competence
- Work control using own IT workflow solution
- Flexibility through the deployment of KPMG staff to balance peak workloads: scalable model from taking on subtasks to outsourcing entire processes
- Finance as a Service: outsourcing tasks of your finance function on an ongoing basis
- VAT check of incoming invoices (Section 14 (4) of the German Value Added Tax Act, UStG)
- Tax compliance management system: the appropriateness and effectiveness of adopted measures can be validated and optimised as part of our Mayday Accounting activities
Who is the target group?
All businesses with bottlenecks in accounting, especially businesses with more than 1,000 unprocessed transactions, master data creation tasks, etc.
What does the workflow look like?
We usually work on the IT systems of your business. Tried and tested collaboration with our Shared Delivery Centers (SDC) in Leipzig and Essen forms the basis for the Mayday Accounting Service. The prerequisite for an efficient SDC deployment is detailed process mapping in the form of work shadowing. This involves us simulating and mirroring the work in your finance department.
Which specific activities does KPMG undertake as part of Mayday Accounting?
Mayday Accounting is scalable. You can outsource subtasks or entire processes. Depending on the individual requirements of your business, we cover the following activities:
- asset accounting
- receivables accounting
- operational procurement
- processing subledgers of all types
- payables accounting
- inventory recording and analysis
- approval workflow (purchase requisition)
- travel expense and credit card accounting
