What is Book Keeping?

Book Keeping is the recording of financial transaction which would encompass all business financial operations be it Sales, Purchases, Income, Expenses/Expenditures, Receipts and Payments made by an Individual or an organisation. Booking Keeping can be done on both single entry and double entry book keeping systems. Book Keeper will assist in bringing the books to the trial stage using which the Accountant will prepare the Balance Sheet and Profit and Loss Account or the Income and Expenditure Account.

 

What is MIS Reporting?

 

Management Information System (MIS) reports are key to effective management of an organization. Key business decisions are made on the basis of these reports. An effective MIS require an accurate book keeping.

 

 

As part of our these Services, we offer assistance in the following areas:

 

1. Book Keeping
2. Consolidation of Accounts
3. Monthly Closing Activities
4. Preparation and Finalization of the Financial Statements
5. Critical MIS Report preparation like -
6. 1. Monthly Profitability Analysis
   2. Monthly Productivity Analysis and Variance Analysis
   3. Cash Management
   4. Receivable and Payable Management and other customised reports

 

What is Payroll Processing Services?

Payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll is an important function for any business and also plays a major role in a company for several reasons. From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and they are subject to laws and regulations.

 

Payroll processing requires specialized knowledge and a clear understanding of the laws applicable in payroll processing. We provide a wide-range of payroll services to our clients. Our approach to payroll services involves appropriate planning for salary structure self serviced online access to employees and support to the organization from start to finish.

 

Whether you're a small business or a mid-sized business owner with payroll processing, tax filing and HR management, we have a comprehensive and affordable solution for you.

 

Services We Offer

1. Structuring of Cost to company in Compliance with Income Tax Act and Labour Laws
2. Collecting Information from HR Department about the existing employees and new joinees / Resigning employees
3. Preparing full and final settlement for the resigning employees
4. Loans, Arrears and Reimbursements will also be handled as per the information from HR
5. Execution of Bank Letter for salary credits
6. Leave Management
7. Preparation of TDS challans
8. Tax computation and Tax deduction at source Professional Tax applicability
9. Form 16 Generation at the year End
10. Generation the following Reports: » Payroll Register » Pay challans » Pay vouchers » Pay Slips (password protected) » Other requisite reports » Emailing of Payslips and other allied reports
11. Automation or execution of all payroll-related processes
12. Assistance in statutory compliances in relation to payroll services
13. Assistance in tax issues related to payroll of individuals
14. Personal employee support services concerning their payroll matters

 

We can customize our services to meet your particular requirements and can address your queries related to payroll matters.

 

Our dedicated team of experienced professionals with extensive knowledge of methods relating to payroll processing can provide you with a full-fledged payroll services for all your employees and your top management.

 

What is US GAAP?

The common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information. Generally Accepted Accounting Principles, USA GAAP or GAAP are the generally accepted accounting principles adopted by the U.S. Securities and Exchange Commission (SEC).

 

We have knowledgable of US GAAP professionals who successfully executed services for several foreign companies to restate their accounts to US GAAP for the purposes of potential IPO / borrowings in the US or for reporting to a US parent in conformity with GAAP. US GAAP Restatements are considered specially because of :

 

1. Transparency
2. Conservatism
3. Precision
4. Strengthens Financially
5. Creates premium in share markets
6. Improves Investor Confidence
7. Prestige Value

 

We offer the following Services to Non-Corporates (Non Resident Indian(NRI)/US Citizen in India):

1. Filing of Income Tax returns
1. Along with filing taxes in India, we also offer services in the USA. We help in streamlining the procedure between both the countries.
2. With the introduction of mutual contracts between India and USA (like the FATCA) it is of great importance to keep a track of this entire procedure.
3. We help in either communicating with your existing CPA or refer with one of our own.

 

2. Minimizing Double taxation between 2 countries
3. Refund process
4. Filing of Income Tax Returns
5. Tax Planning
6. Foreign national working in India Rules/Regulations

 

We offer the following Services to Corporates:

1. Corporate Returns
2. Computing Book / Tax Differences
3. Compliance with US regulations and US GAAP
4. Advising for Minimizing Double Taxation
5. Transfer Pricing

 

What is IFRS?

International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB)

 

Services We Offer

1. Frame accounting policies
2. Fair value accounting
3. Convergence and first time adoption of IFRS
4. Transaction accounting