Invoices are received from clients are checked for accuracy & completeness and sent for approval. Once approved, invoices are imported to accounts payable system in order to process for payments. The payments are processed using maker checker facility.
Professional work methodology for accounting services
As an accounting service provider we engage in
Preparation and maintenance of day-to-day bookkeeping and monthly or quarterly accounts, where we act as your accounting bookkeeper. Our experts use popular bookkeeping and accounting software platforms to ensure data correctness and faster results.
This involves forecasting all cash inflows & outflows for clients’ business based upon existing accounting data and inputs received from clients. Our team prepares exhaustive monthly cash flow projections, which help clients in business planning, budgeting and fund raising.
The information from the accounting system has to be shared with all the stake holders including bankers, shareholders, directors, lawyers, tax departments, auditors, regulatory authorities, etc. Our team ensures that consistent data is shared across all the stakeholders with complete accuracy and transparency.
Our reconciliation services include bank reconciliation, inter-company balance reconciliation, accounts payable, accounts receivable, etc.
Our accurate & effective management reports can help you take informed business decisions about your organization’s future. Financial reports include monthly income statements, balance sheet, sales reports, receivable & payable reports, cash flow statement, day books, etc.
Based on all the financial transactions records in the accounting system, our team prepares financial statements with total compliance to statutory compliances applicable in India. Apart from above, completed accounts and financial reports are sent to clients in customized formats as requested by them.