Accounting Outsourcing

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In today's scenario of globalization and technology convergance, the process of doing business has been redefined. Outsourcing various processes makes a lot of business sense. Most businesses and large companies are outsourcing their accounting processes for better management of their finances and time.

These services are structured to suit an individual client's needs and requirements. Some of the accounts outsourcing services offered by us are as under:

Book keeping and General Accounting Service:

The service involves preparing and maintaining day to day bookkeeping and monthly or quarterly management accounts.These books are prepared as per the required accounting standards and can also be made as per specific client instructions.

Preparation of Financial Statements:

The service involves preparing a company's annual accounts and schedules ready for the statutory annual audit.

Payroll:

Preparation of the monthly payroll based on the inputs received from organization. The same would include all statutory and other relevant deductions as required.

Ensure deductions of all relevant amounts and as per applicable statutory laws like Income Tax, provident Fund and Professional Tax etc.

Checking Form 16 for the Employees and file Qtly. returns for e-TDS with Income Tax authorities.

Deposit TDS & provide proof of deposit.

Ensure redressal of any issues.

Reconciliation of payments/statutory deductions etc. with books of accounts on quarterly basis.

Cash Forecasting and Cash Budgeting:

The service involves analyzing the cash requirements of the business and making cash forecasts for planning the future.

Advantages:

Time saving

Analyzing the potential risks in advance

Correct interpretation of the company's financial position

Informed and better managerial decision making

Collection, summarization, and accurate analysis of financial data

Optimization of business resources and processes

Continuity of Work, i.e employee turnover will not affect the work as immediate replacement with existing team

Cost Saving.