Services
What We do
1. Outsourced Bookkeeping Services
We will record & organize your financial data & give you various custom summary reports that will help you in making informed business decisions & compliance’s.
what we will do for you in this service?
- Make entries to record all your purchase Invoices
- Make entries to record all your Sales Invoices
- Make entries to record all your Receipts
- Make entries to record all your Payments
- Reconcile Bank Accounts & Credit Cards.
What you will get from this service?
- Updated Accounts in your PC or Cloud account of accounting software.
- Trial Balance: summary statement for your business overall accounts
- Periodical Purchase Report
- Periodical Sales Report
- Periodical Receipts Report
- Periodical Payments Report
- Periodical Accounts Payable Report
- Periodical Accounts Receivable Report
- Periodical Inventory Report
- Bank reconciled as per Bank statement
- Custom Reports: Such other reports as per your requirements. Say for an example: Ageing reports of Debtors in Dubai.
- Live video conference for Interpretation of these reports as you needed.
Why you should get Bookkeeping service?
- To avoid hefty penalty for not maintaining proper books of accounts: In most of the countries maintaining proper books of accounts is mandatory and non maintenance causes levy of penalty and fines.
- To get assured with Business Decisions by having supportive information for decisions making.
- To get insights of Business financial performance and position.
- To provide Books of Accounts to Accountant to further finalize financial statements.
- To get unqualified audit report: Auditors will get properly maintained, accurate reports and books of accounts to examine the financial statements.
- To give clarity to Government and Tax Officers that how your business is transacting in market and ensure there is no tax evasion on same.
2. Outsourced Financial Accounting Services
we will record, classify and organize your financial data & prepare financial statement for your economic entity following GAAP and IFRS. We will serve you with various reports to help you out in decision making and properly finalized financial statement for compliance.
what we will do for you in this service?
- Make entries to record all your purchase Invoices
- Make entries to record all your sales Invoices
- Make entries to record all your Receipts
- Make entries to record all your Payments
- Reconcile Bank Accounts & Credit Cards
- Finalize Financial Statement of your business
What you will get from this service?
- Updated Accounts in your PC or Cloud account of accounting software.
- Finalized Financial statement i.e. Balance sheet, Profit and loss account and Cash flow statement (If required).
- Trial Balance: summary statement for your business overall accounts
- Periodical Purchases Report
- Periodical Sales Report
- Periodical Receipts Report
- Periodical Payments Report
- Periodical Accounts Payable Report
- Periodical Accounts Receivable Report
- Periodical Inventory Report
- Your Bank Reconciled as per Bank statement.
- Custom reports: Such other reports as per your requirements. Say for example: Ageing reports of Debtors in Dubai.
- Live video conference for Interpretation of these reports as you required.
- Full Support throughout the process of Audit and dealing with auditors to get accounts audited.
Why you should maintain Financial Accounts?
- To avoid hefty penalty for not maintaining proper books of accounts: In most of the countries maintaining proper books of accounts is mandatory and non maintenance causes levy of penalty and fines.
- To get assured with Business Decisions by having supportive information for decisions making.
- To get insights of Business financial performance and position: Financial accounting let you know where your business stands and what is the impact on business of decision made during the year?
- To avail bank loan most of the lending institutions requires financial statements to check out the position and performance of your business.
- To Get Investment: Final accounts prepared like Balance sheet, Profit and loss account etc. help you convey your business to your investor and also after getting investment you need to report to investors that how your business is utilizing their money.
- Government and Tax Officers will get clarity how business is transacting in market and can ensure there is no tax evasion on same.
3. Outsourced Cost and Management Accounting Services
Ascertain,Control and Reduce your cost by getting periodical cost statements and various costing reports. Your Profit is the difference of price you charge and cost you incurred so keeping cost within line is very important to be in profit.
Our Services helps you in doing this as it includes cost accounting, costing, cost analysis, cost comparison and much more…
what we will do for you in this service?
- Make entries to record all your Expenses (Cost)
- Make entries to record all your Revenue
- Allocate and Apportion Cost and Revenue on the basis of suitable costing method as per your business.
- Material Costing
- Labour Costing
- Overhead Costing
- Cost Analysis and Cost comparison
- Prepare various Cost Reports and help out management in understanding same
- Perform such other functions related to cost and management accounting as required by your business
- Prepare Budgets
- Sales Budget
- Cash Budget
- Production Budget
- Purchase Budget
- And such Other Budgets require for business.
What you will get from this service?
- Updated Cost Accounts in your PC or Cloud account of accounting software.
- Calculated Economic Order Quantity or Economic Batch Quantity
- Defined Various Levels related to Material such as re-order level, minimum level, danger level etc.
- Stock summary
- Calculated Wage sheet of Labour including Bonus with Efficiency marking
- Cost Sheet
- Calculated Variances
- Overheads allocation and apportionment statement
- All kinds of Budgets to plan your resources
- Cost comparison statements to make best choice
- Custom Costing reports as required to make decisions
- Live video conference for Interpretation of these reports as you required.
Why you should maintain Cost and Management Accounts?
In this world everything hold some cost and nothing is offered for free we business buddies know it very well but things become significant for us on the basis of how much it costs?
So Cost and Management Accounting helps you out in answering all your cost related questions such as what, why, how etc and help you out in following ways:
- To avoid hefty penalty for not maintaining proper cost records:For some business it is mandatory to keep cost records and non maintenance causes levy of penalty and fines.
- To get assured with Business Decisions by having supportive information for decisions making.
- To get insights of what cost to your business and how much: Cost Accounting let you know what is the cost of having any asset, making purchase with vendor, making sales with customer, making desired production, dealing in particular product, business segment etc.
- To make decisions related to cost reduction and cost control: By maintaining cost records you can trace cost and make necessary actions as and when needed.
- To achieve cost leadership: cost leadership means offering high quality product at lowest price in the market for such quality.
- To plan your resources: Cost & management accounting let you know that how well you are utilizing your resources whether it’s material, labor or any other asset. You can keep going with efficient ones and make some corrective action for non-efficient resources.
- Plan Business’s Future: You read it correct. You can’t predict future but you can plan for future by way of budgets related to production, purchase, expenditures, sales, inventory, cash and much more.
4. Reconciliation Services
Getting Differences in account don’t worry we help you out through this service in reconciling your bank accounts as per your cash book and pass book.
what we will do for you in this service?
- Prepare Bank reconciliation statement to reconcile the Bank account for the given period.
- Pass necessary entries if access given to books of accounts or provide entries documented in PDF form required to make bank reconciled which can be easily used by your accounts department for reconciliation.
What you will get from this service?
- Reconciled Bank Account.
- Bank Reconciliation Statement.
- Accounting treatment required to reconcile the bank balance documented in PDF form.
Why you should get balances reconciled?
- To Get Actual Reports: By reconciliation you can eliminate all the possible differences between what you have recorded and what shall be recorded.
- To Get Unqualified/Clean Audit Reports: By making reconciliation between bank statement balance and your books of accounts you can avoid qualification in audit report by auditor.
- To avoid wrong decisions: If you don’t make reconciliation you may end up with wrong decisions because of faulty reports.
- To ensure that financial Statements give true and fair view of Business.
Free Estimation
Request A Quote
Cost and time required to render service are quoted on custom basis on the basis of volume of transactions in a business.
