Book Keeping

Our Bookkeeping Services Include:

1. General Bookkeeping

• Recording day-to-day financial transactions such as sales, purchases, receipts, and payments

• Categorization and classification of all business transactions in an organized manner

• Regular updates of the financial ledger to ensure accuracy and reliability of records

• Reconciliation of accounts (bank statements, credit card statements, and vendor accounts)

2. Accounts Receivable & Accounts Payable

• Tracking outstanding invoices and ensuring timely follow-ups for overdue payments

• Generating and sending client invoices, receipts, and credit notes

• Managing accounts payable by ensuring timely payments to vendors and suppliers

• Monitoring aging reports and maintaining records for overdue receivables and payables

3. Financial Statement Preparation

• Preparation of monthly, quarterly, and annual financial statements, including:

  • Profit & Loss Statement

  • Balance Sheet

  • Cash Flow Statement

• Generating reports to provide a clear picture of the financial health of your business

• Regular analysis of the financial statements to identify trends and potential areas of improvement

4. Bank Reconciliation

• Reconciling bank statements with the accounting records to ensure consistency and accuracy

• Identifying discrepancies and ensuring they are promptly resolved

• Monitoring cash flows and ensuring all financial transactions are accounted for

5. Tax Compliance & Filing Support

• Ensuring that all income, expenses, and liabilities are recorded accurately to comply with tax laws

• Assisting in preparing necessary documents for filing GST, TDS, and income tax returns

• Ensuring all financial records are compliant with local, state, and international tax regulations

• Maintaining records of tax-related transactions for audits and reviews

6. Payroll Bookkeeping

• Recording employee payroll and related expenses, including salaries, bonuses, and commissions

• Calculating and recording statutory deductions such as Provident Fund (PF), Employee State Insurance (ESI), and Tax Deducted at Source (TDS)

• Generating payslips and maintaining accurate payroll records

• Preparing and filing statutory returns related to employee taxes and benefits

7. Expense Tracking & Reporting

• Recording all business expenses including operational costs, overheads, and other expenditures

• Tracking recurring and non-recurring expenses to ensure they align with your budget

• Categorizing expenses for easier reporting and tax deductions

• Generating reports to analyze business spending and ensure cost-efficiency

8. Financial Record Maintenance

• Storing and managing all financial records securely in compliance with legal requirements

• Maintaining digital and physical records of receipts, invoices, and other essential documents

• Ensuring your business’s accounting records are organized for easy access and audits

9. Customized Financial Reports

• Generating customized financial reports to suit your business needs

• Providing detailed reports on cash flow, profitability, expenses, and overall financial performance

• Offering real-time insights into the financial health of the business for better decision-making

10. Assistance with Audits

• Ensuring your books are audit-ready and assisting with internal and external audits

• Preparing financial statements and supporting documents required for the audit process

• Ensuring all financial records are accurately documented to meet audit requirements

11. Cloud-Based Bookkeeping Solutions

• Offering cloud-based bookkeeping services for remote and real-time access to financial data

• Using secure and reliable cloud accounting platforms such as QuickBooks, Xero, Tally, and Zoho Books

• Allowing seamless collaboration between the business owner and accounting team from anywhere in the world

• Automating financial processes to save time and reduce errors

12. Financial Forecasting & Planning

• Providing support for forecasting future financial performance based on current records and historical data

• Assisting in budgeting and planning for short-term and long-term financial goals

• Offering insights and recommendations to optimize cash flow and manage expenses