In today's scenario of globalization and technology convergence, 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 and Regulatory Compliances for better management of their time and finances.
These services are structured to suit an individual client's needs and requirements. The 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 accepted accounting standards and can also be made as per specific client instructions.
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 etc.
Preparing form 16 for the employees and file quarterly e-TDS returns with Tax authorities
Deposit TDS & provide proof of deposit
Ensure reprisal of any issues.
Reconciliation of payments/statutory deductions etc. with books of accounts on regular frequency.
Tax planning & Returns
Our objective here is to arrange the financial affairs of our clients in such a manner so as to optimize their taxes to the maximum possible extent. We structure investment decisions to meet dual objectives of capital appreciation as well as optimization of tax liability.
Cash Forecasting
We analyze the funds requirements of our client’s business and by doing a cash forecasting and make sure that adequate funds are available when required to ensure business cycle continuity.
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