Framing bookkeeping policies for clients
Includes preparation of SOPs on various bookkeeping activities
Framing the Chart of Accounts for each client
Includes preparation of various masters like customer master, vendor masters, inventory masters etc and adequate groupings of ledgers
Preparation of invoices on real time basis and share the same with the clients/customers.
Generating E-Way bill wherever applicable on real time basis.
Includes entire receivable related accounting from order to collection in books and preparation of ageing of receivables.
Includes entire payables related accounting from procure to payment which includes goods, services and capex related payable.
Cash flow management
Includes recording of inflows and outflows of cash relating to various activities
Complete recording all the banking transactions and reconcile the same with the books along with the review of charges
Fixed Asset Register Management
Recording of capex procurements and discard along with the working of depreciation as per various statutes as applicable.
Finalization of books
finalize the books on year end as per GAAPs, providing tax planning to minimize tax liability, making an adjustment to the year end accounts, preparing report for audits and Tax returns