Accounting

Ours is well established full-service accounting firm that also offers business process outsourcing specializing in the finance and accounting outsourcing space. Many of our clients are either outsourcing entire finance and accounting functions or certain functions such as:. 

BOOK KEEPING

Bookkeeping is the process of recording your company’s financial transactions into organized accounts on a daily basis. It can also refer to the different recording techniques businesses can use. Bookkeeping is an essential part of your accounting process for a few reasons. 
Before you begin bookkeeping, your business must decide what method you are going to follow. When choosing, consider the volume of daily transactions your business has and the amount of revenue you earn. If you are a small business, a complex bookkeeping method designed for enterprises may cause unnecessary complications. Conversely, less robust methods of bookkeeping will not suffice for large corporations
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Accounts Payable

Accounts payable (AP) is an accounting term used to describe the money owed to vendors or suppliers for goods or services purchased on credit. The sum of any and all outstanding payments owed by one organization to its suppliers is recorded as the balance of accounts payable on the company’s balance sheet, whereas the increase or decrease in total AP from the period prior will appear on the cash flow statement.
.Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of the company’s management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.

Financial Reporting

Financial reporting is the financial results of an organization that are released to its stakeholders and the public. This reporting is a key function of the controller, who may be assisted by the investor relations officer if an organization is publicly held.. 

Stock Option Accounting

Stock options are a popular investment tool in the financial market. Some organizations may offer stock options to their employees in the form of bonuses or as part of their compensation. Knowing how stock options work and the benefits of employee stock options can help you choose the right compensation package and exercise your options judiciously.

Documentary Compliance

Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable the completion of the international trade for the product and partner pair assumed in the case study. A document is defined as any piece of information that is required by a government agency. The time and cost for documentary compliance include the time and cost of obtaining, preparing, processing, presenting and submitting documents.
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Inventory Accounting

We Inventory accounting is the body of accounting that deals with valuing and accounting for changes in inventoried assets. A company's inventory typically involves goods in three stages of production: raw goods, in-progress goods, and finished goods that are ready for sale.

Budgeting

Budgeting in business is a process of looking at a business' estimated income (the money that comes into the business from selling products and services) and expenditures (the money that goes out from paying expenses and bills) over a specific period in the future. It allows a business to see if it will be able to continue operating at their expected level with these projected incomes and expenditures.
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Accounts Receivable

Businesses usually have to invest money in selling a product or delivering a service. After selling the goods, the inventories reduce and in turn businesses need an asset to balance the financial statements. Either those assets are cash-in-hand or receivables in case of credit sales or that’s why accounts receivable appear on the assets side of the balance sheet. As accounts receivables form a major part of the organization’s assets, it leads to the generation of cash in-flow in the books of the organization.

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Billings

Billing is a process that plays a crucial role in ensuring that payments are received on time. Billing enables the business to function with ease.  In simple terms, billing refers to the process of raising and sending invoices to customers and requesting them to settle the dues. Invoices are documents that serve as a source of record-keeping for businesses and as a means of requesting payment from customers.
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Regulatory Reporting

Regulatory reporting is the submission of data to a relevant authority in order to demonstrate compliance with the necessary regulatory provisions. In simpler terms, it is the process businesses and individuals must continually go through to show they are following all the rules

General Accounting

A vital thing for any small business owner is to know what general accounting is. General accounting essentially refers to general ledger collection and accounting activities that include account charges in credits and debits and documenting financial statements for a quarter, calendar or fiscal year. Such a general process is widely done by non-profits, governments, organizations, firms to small businesses. It's worth noting that general accounts hardly provide extra information on sub-categories related to management. 

Account Ledger Reconciliation & Clean Up

Account ledger reconciliation is an activity performed by accountants to verify the integrity of account balances on the company’s ledger. It involves comparing the account ledger balances with other independent systems, third-party data, or other supporting documentation such as statements or reports, to verify that the balances are complete and accurate. It also includes thoroughly investigating any discrepancies that are identified and taking the proper corrective actions to resolve them.     Account ledger reconciliation is a key part of the financial close process that is used to verify a company’s financial information before releasing it to the public on financial reports.
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Remote Book Keeping

If you are like most small business owners, you are probably spreading yourself pretty thin. On top of managing your business, you may also be playing the role of marketing specialist, receptionist, salesperson, and bookkeeper. Businesses always look for ways to reduce time spent on tasks, minimize their expenses, and increase their profitability.
So, how does remote bookkeeping work? Well, a company will grant a virtual bookkeeper with remote access to its financial documents and online bookkeeping software, such as QuickBooks or Xero. Online accounting software and mobile apps that come with them make it easier for business owners to scan or take a snapshot of receipts and invoices and immediately upload them to secure and shareable online folders. A virtual bookkeeper takes this data along with data that online software receives from bank accounts and credit cards and uses it to make daily entries and monthly reconciliations and reports. Reports are shared between the virtual bookkeeper and clients through the same secure and shared online folders. Remote bookkeepers can also pay your employees and pay recurring bills and invoices, among other tasks.
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Preparation of Financial Statements

The preparation of financial statements involves the process of aggregating accounting information into a standardized set of financials. The completed financial statements are then distributed to management, lenders, creditors, and investors, who use them to evaluate the performance, liquidity, and cash flows of a business. The preparation of financial statements includes the following steps.
a)Verify Receipt of Supplier Invoices
b)Verify Issuance of Customer Invoices
c)Accrue Unpaid Wages
d)Calculate Depreciation
e)Value Inventory
f)Reconcile Bank Accounts
g)Post Account Balances
h)Review Accounts
i)Review Financials
j)Accrue Income Taxes

Preparation of Cash Flow Statements

A cash flow statement of a company lays down an organization’s total fund inflow in the form of cash and cash equivalents through operational, investment, and financing activities. It also showcases the total cash outflow through the aforesaid activities. In the standard cash flow statement format, there are three subdivisions under which all concerned cash inflow and outflow are classified – operations, investing, and financing.
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Virtual / Online Book keeping

A virtual/Online bookkeeper handles your bookkeeping remotely—they may not be in your town or even your time zone. All communication and financial document storage is handled within bookkeeping software. Your virtual/Online bookkeeper categorizes your transactions and prepares financial statements for your business. Virtual/Online bookkeeping is a full-time job. Your bookkeeper has a portfolio of clients they’re working for, but they’re always available for questions or conversations about your finances. Their flexible schedule gives you the communication of a full-time bookkeeper but on a part-time budget.

• You’ll benefit from the help of a virtual bookkeeper if:
• Doing your own bookkeeping is eating up too much of your time and energy
• Your financial records are out of date, and you need help catching up
• Last tax season was stressful, and you want next year to be easier
• You want to track expenses and deduct eligible ones on your tax return
• You’ve been paying your accountant to go back and sort out your bookkeeping at the end of the year, so they can file your taxes
• You aren’t sure how much profit you’re earning month to month or how much cash your business has on hand