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Accounting Services
Accounting Services
Accounting Services are from an experienced, committed team offering virtual accounting functions to manage your accounts payable, accounts receivable, projects, general ledger postings, bank reconciliations, preparation of financial statements, and MIS Reporting for Small and Medium Enterprise (SME) Sector.
We’ll manage your accounts payable entries so you have the peace of mind that no invoice goes unnoticed. Our accounting outsourcing team will stay on top of your payments to suppliers and also ensure that any money owed to you continues to flow into your accounts.
Why do I need services of an accountant?
An accountant understands the fundamentals of accounting. The proper classification of expenses as capital in nature(eg. Fixed assets) or revenue in nature(eg. purchases) is important. Incorrect accounting can lead to financial losses. Though various accounting tools have come up over the time but the human intelligence is irreplaceable.
It involves those businesses which have a large and complex transaction on a daily basis. This system posts a single credit transaction in one account and its debit effect is also reflected in a corresponding account which creates a balancing effect. Hence it overcomes the drawbacks of single entry system.
Bookkeeping and accounting are two different sides of a coin but one is incomplete without the other. Bookkeeping is related to identifying, recording & maintaining financial transaction whereas accounting deals with the process of summarizing & interpreting the transactions in the ledger format as specified.
All the standard financial reports that can be generated by the accounting software. These will include at least:
- Trial Balance
- Balance Sheet
- Profit and Loss Account
- Accounts Receivables and Payables
- Income from other sources such as dividend, interest on deposits, royalty income, winning on lottery, etc.
- Day Book
- Monthly Reconciliation Sheet
- Cash Flow Statements
- Financial Budgeting
Documents required
The documents needed shall depend on the service you need at a particular point of time. The same shall be communicated to you by our experts based on your requirements.
Enquiry Person Details
Tax & Registration
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7/115, D & E, Ground Floor, Ashraya Apartment, Swaroop Nagar, Kanpur - 208002
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+91 8604723727
0512-3553102
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