Maintenance of Records

Maintenance of accounting records

Every business entity needs to maintain its books of accounts of either of his business or profession.  The need and importance of the book keeping is gaining importance due to the change in the business process, implementation of various fiscal laws.  Now a days a business man needs to attend to various statutory requirement under Income Tax Act, VAT Act, GST Act, labor laws, Customs, Central Excise and Service Tax Act. Apart from all the statutory law, needs of banking requirement to the business is essential. All these laws and statutes are making the business man to maintain books of accounts. We come and play a major role as accountants to support the entity in providing the accounting and assurance services. Accounting services includes

 

  • Data entry of banking transactions, cash transaction, and Journal vouchers in the system using an approved and efficient soft ware tools.
  • Providing online access to the clients to view, review and understand his business accounts.
  • Providing on line MIS Data as per the client requirements.
  • Preparation of quarterly, half yearly and yearly financial statements.
  • Preparation of analysis of comparative financial figures to provide cost control.

Supporting in preparation of Periodical Returns

Every business entity needs to submit monthly, quarterly, half yearly and yearly returns and statements under various statutes and laws. This job definitely needs to be attended by professionals only as the data should accurate and to be submitted within stipulated time lines. For this we follow a professional due date calendar.

 

Design,  implementation and review of accounting manual

Medium scale and large scale business houses need internal controls and measures. The  control mechanism should be useful to the management in monitoring the day to  day operations, support the employees in improving their efficiency and transparent to  the stake holders. This can be achieved by implementing professionally designed accounting systems which are transparent to the users and beneficiaries by way of accounting manual. We have very vast and professional experience in designing such accounting manuals.

Payroll processing

  • Bank reconciliation statement