Accounting outsourcing refers to hiring of external accounting professionals firm to handle accounting functions on behalf of a business.
Being outsourced accountants we handle all the finance functions of the business including; bookkeeping, payroll, financial reports, management accounting, tax, accounts payable, accounts receivable, following up debtors, and other accounts-related services.
Outsourcing accounting services allows businesses to avoid the costs associated with hiring and training in-house accountants. This includes salaries, benefits, and office space.
Following services are included in our accounting and bookkeeping;
| Service | Sub- Services |
| Internal Review of Accounting Records | · We understand and access the needs & reporting requirements of clients & accordingly suggest software solutions. |
| Accounting System Implementation | · We research & deploy accounting software. · We design the chart of accounts. · Report customization as per management requirement. |
| Accounting & Bookkeeping | · We keep record of all expenses · Our experts do posting of accounting transactions through accounting module · We do voucher preparation · We record Accounts Payable, Accounts Receivable, and cash account ledgers · Provision of the data for the filing of tax compliances is also done here · We post accruals and end of year processes |
| Reconciliations | · We reconcile invoices with margin sheet · We prepare reconciliation of bank, vendors etc. |
| Financial Statement Management | · We keep statement of financial position · We give you profit or loss statement · We give cash flow statement · We keep changes in equity statement and fund statement · Our company keep notes to the financial statements |
| Fixed Assets Registers Up-Gradation |