accounts outsourcing

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Bookkeeping Services:

• Daily Transactions Recording: Accurate recording of all financial transactions.
• Ledger Maintenance: Managing general ledger and subsidiary ledgers.
• Bank Reconciliation: Reconciling bank statements with accounting records.

Financial Reporting:

• Monthly, Quarterly, and Annual Reports: Preparation of financial statements including balance sheet, income statement, and cash flow statement.
• Management Reports: Customized reports for internal decision-making and performance analysis.
• Financial Analysis: Ratio analysis, trend analysis, and other financial metrics.

Payroll Processing:

• Salary Calculation: Accurate computation of employee salaries, bonuses, and deductions.
• Compliance Management: Ensuring compliance with payroll-related statutory requirements such as PF, ESI, and TDS.
• Payslip Generation: Issuance of detailed payslips to employees.

Tax Compliance:

• Direct Tax Compliance: Filing income tax returns, advance tax computations, and handling TDS/TCS.
• Indirect Tax Compliance: GST return filing, reconciliation, and advisory.
• Tax Planning and Advisory: Strategies to optimize tax liabilities and ensure compliance.

Accounts Payable and Receivable Management:

• Invoice Processing: Handling vendor invoices, payment processing, and maintaining payables ledger.
• Customer Invoicing: Preparing and sending invoices to customers, managing receivables.
• Aging Reports: Monitoring and reporting on outstanding payables and receivables.

Audit Support:

• Internal Audits: Conducting internal audits to ensure accuracy and compliance.
• External Audit Coordination: Assisting with statutory audits and providing necessary documentation and support.
• Audit Preparation: Preparing audit schedules and reconciliations.

Financial Planning and Analysis (FP&A):

• Budgeting: Assisting in the preparation of annual budgets and forecasts.
• Variance Analysis: Analyzing deviations from budgets and forecasts and providing insights.
• Strategic Planning: Supporting long-term financial planning and strategy formulation.

Regulatory Compliance:

• Statutory Filings: Ensuring timely and accurate filing of statutory returns and forms.
• Compliance Monitoring: Regularly reviewing compliance status and implementing corrective actions.
• Advisory on Regulatory Changes: Keeping businesses informed about changes in accounting and tax regulations.

Virtual CFO Services:

• Strategic Financial Management: Providing strategic financial guidance and leadership.
• Cash Flow Management: Monitoring and optimizing cash flow.
• Investment Analysis: Evaluating investment opportunities and financial risks.

Technology and Automation:

• Accounting Software Implementation: Assistance in selecting and implementing accounting software.
• Process Automation: Streamlining accounting processes through automation and digital tools.
• Data Security: Ensuring the security and confidentiality of financial data.

Cost Reduction and Efficiency:

• Operational Efficiency: Streamlining accounting processes to improve efficiency.
• Cost Savings: Reducing costs associated with maintaining an in-house accounting team.
• Scalability: Flexibility to scale accounting services as the business grows.