Services for Accounting Firms

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Services we offer

Our global expertise in accounting & bookkeeping services provides us the competitive advantage to provide a cost-effective solutions.Combining years of experience, highly qualified professionals, cross-domain expertise and leveraging technology, we deliver cutting edge solutions to clients across the industries.

Through our qualified team of professionals at our delivery center in India, we offer following services :

1 Bookkeeping services

We offer online bookkeeping services with considerable experience in bookkeeping and accounting. We add value to outsourced bookkeeping by attaining customer’s satisfaction.

  • Double entry bookkeeping
  • Trial balance finalization
  • Setting up charts of accounts
  • Customized bookkeeping solution available
  • Perform year-end closings

2 Accounts Receivable Outsourcing

We offer following services which shall enable to focus you on core activities thereby increasing your profitability and productivity.

  • Record and account for revenue
  • Maintain client Bill and statements
  • Reduce daily sales outstanding
  • Prepare collection and cash flow management
  • Customer creation and updates
  • Booking of receipts

3 Accounts Payable Outsourcing

Accounts payable outsourcing services integrate and manage supplier facing process. By this, we minimize the burden of investments on infrastructure, administration, human resource and IT setup. We offer following services :

  • Customized reporting
  • Integrate and manage supplier facing processes
  • Supplier network management
  • Multi-level invoice validation

4 Bank/Credit Card Reconciliation

We offer following services :

  • Reconciliation helps us to update the cash position of the company at regular interval of time.
  • Clear outstanding payments
  • Clear deposit taxes
  • Quick and precise matching of company’s book and bank balances
  • Prepare details of variances
  • Verify consistency of balances
  • Reconcile receivable accounts
  • Reconcile payable accounts

5 Fixed assets accounting and management

We offer following services :

  • Real time report updating
  • Reporting solutions available
  • Management reporting within the budget
  • Expense and overhead analysis

6 Management Reporting

Financial reporting and analysis enable the management to evaluate the company progress in various business activities. We offer following services :

  • Revenue and profit forecasting
  • Monthly Accrual Postings
  • Real time report updating
  • Profit and loss statement
  • Cash flow statement

7 Payroll Services

We offer a complete package in terms of payroll solutions.Our dedicated team of trained professionals takes the complete responsibility of the payroll management including responding to queries raised as well as adhering to all the compliances. We offer following services :

  • Processing of Weekly, Bi-Monthly, Monthly Payroll from timesheet
  • Calculation of net paychecks
  • Calculation of Federal, State taxes for Employer & Employees
  • Preparing Quarterly and Annual Payroll Returns
  • End of the Year W-2’s, W-3& W-4 Preparation
  • Year-End Form 1099-Misc Processing
  • Filling of the State Payroll Form online
  • Making Federal & State Estimates Taxes payment online
  • Employee insurance deductions

8 Tax return preparation services

Tax preparation outsourcing has become imperative with growing accounting firms. Tax return preparation outsourcing has dramatically changed and expanded beyond the client to tax prepare. This provides flexibility to Accounting firm there; they can concentrate more on growing practice. Accounting firms can concentrate more on high value clients and high value services than tax return process.

Our tax team ensures a smooth tax return preparation services for individuals as well as businesses.We take care of:

  • Preparation of Individual Return (Form 1040)
  • Preparation of Corporate Returns (Form 1120, 1120S)
  • Preparation of Partnership Return (Form 1065)
  • Preparation of Income Tax Returns of Fiduciaries (1041)
  • Preparation of Income Tax Returns of Non-profit Organizations (990)
  • Preparation of Estate & Gift Tax Returns (706)
  • Preparation of IRS Forms including 433-A, 433-B, Form 433-F
  • Preparation of Payroll Returns
  • Preparation of Sales and Use Tax Returns for States
  • Preparation of Year End Reporting (1099s)

Few of the softwares that our team uses are Lacerte, ProSeries, TaxAct, DrakeCWU, Turbotax, GoSystem Tax besides working on softwares housed in your server.