Accounts Outsourcing Services:
As a small or medium business owner you have more important things to do than to keep your own books and hiring a full time accountant may be very costly to you. We take care of your books for you, so you can get back to the job of running your business and generating profits!
- We offer our outsourcing services for all or any of the following functions:
- Maintain your books of Accounts
- Reconcile your bank account
- Prepare Monthly / Quarterly/ Annual Financial Statements
- Provide unlimited consultations
These tasks form the solid foundation of your business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
Maintaining Books of Accounts:
We offer bookkeeping service by getting basic data from our client and maintaining the book s of accounts in our PCs at our premises or depute the staff at client’s premises to maintain the book at their premises considering the need of business requirement and client’s consent. By outsourcing bookkeeping services you may achieve following benefits:
- Save Cost of hiring full time accountants.
- Mitigate the risk of wrong accounting records in case of untrained / unprofessional accountants.
- Able to maintain accounting records under the supervision of highly qualified and experienced professional accountants at a very reasonable cost.
- All accounts will be prepared considering all taxation and other regulatory requirements.
- Books of accounts will be up to date and ready for reporting / decision making at every time.
- Minimize the administrative cost of hiring & training of accountants and running account dept.
Bank Reconciliation:
- Reconciling your bank accounts each month allows the accounts up-to-date and achieve below mentioned benefits:
- Identify lost checks, lost deposits and unauthorized wire transactions.
- Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
- Detect and prevent embezzlement of funds from within your company.
- Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
- Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
Financial Statement:
Financial Statements comprises Income Statement, Balance Sheet, Cash Flow statements and Owners Equity statements that shows the profitability, financial position and cash flow position for the period of your business.
- We offer our service to prepare the monthly, quarterly or annually Financial Statements It allows you to:
- Track revenues and expenses so that you can determine the operating performance of your business.
- Determine what areas of your business are over-budget or under-budget.
- Identify specific items that are causing unexpected expenditures. Like entertainment, phone, office maintenance or other administrative or selling expenses.
- Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
- Determine your income tax liability.
- Quickly get a hand on the financial strength and capabilities of your business.
- Identify and analyze trends, particularly in the area of receivables and payables.
- Determine if your business is in a position to expand.
- Determine if your business can easily handle the normal financial needs and flows of revenues and expenses?
- Determine if you need to take immediate steps to take any financial decision.
Financial Statements are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.
Unlimited Consultations:
We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide.