General Accounting and Bookkeeping Services
The service involves preparing and maintaining day-to-day
bookkeeping and monthly or quarterly management accounts. These books are
prepared as per the US GAAP or Indian accounting standards and can also be made
as per specific client instructions. We offer weekly, Bi-weekly, monthly or yearly Accounting and
bookkeeping including reporting services. Our Services covers all aspects of
accounting and bookkeeping, including: -
• Entry of
transactions
• Journal
Entry
• General
Ledger
• Assets
/Equipment Ledgers
• Expenses
Ledger
• Accounts
Receivables
• Accounts
Payables
• Ageing
Report & Summaries
• Bank
Reconciliation
• Financial
Statements Preparation
• Trial
Balance
• Income
Statement (Profit & Loss)
• Balance-sheet
• Cash Flow Statement
• Preparation
of Annual Financial statements
Financial Services
We provide financial services which includes "Financial
Projections," Forecasting and Analysis for your existing business or for
new start ups to help you with your Project reports, Funding applications and
loan applications from various funding Agencies. To enable us to prepare your detailed financial projections
for new start ups , you just need to fill up basic data requirements as per our
template and in turn we will provide you comprehensive financial projections
upto 10 years. Some of Reports of the Projections are :
• Cash flow
Statement
• Cost of
Project and Means of Finance
• Assessment
of Working Capital requirements
• Projected
Profitability statements
• Projected
Balance-sheet
• Capacity
utilization Statement
• Raw
Material and Packing materials Consumption Statement
• Power and
Fuel Cost Statement
• Employees
Costs Statement
• Administrative
Cost Statement
• Selling
and Distribution Cost Statement
• Financial
Charges statement
• Repayment
Schedule for Financial Facilities
• Ratio
Analysis
• Break-even
Analysis
• Internals
Rate Return
• Pack back
Period
For the existing businesses we can provide comparative
statements of the last 3 years financial results with the projected statements
for the subsequent two years to facilitate roll over/ enhancement of the
continuing financial facilities as per the client needs. Some of the Reports
would be as under;
• Comparative
analysis of Balance Sheet
• Comparative
statement of Sources and Uses of Funds
• Comparative
Cost & Profitability Statement
• Comparative
Capacity utilization statement
• Assessment
of net working capital employed
• Ratio
analysis.
Payroll Services
We can take care of your Payroll needs, providing you with a
immediate cost reductions of upto 40-50%, and minimizing your risk of penalties
and also saves a lot of time to focus on your core business more efficiently. We can relieve you of time taking and tedious numerous work
such as keeping track of Time cards/sheets,
leave forms, attendance records, deadlines, reports, Prepare employee earnings
statements complete with current pay period and year-to-date wages, taxes, and
adjustment, Prepares timely and accurate notifications of tax liabilities and
deposits, Complete Year end Salary Certificates , Respond to requests for
employee verification, Prepare, file, and pay all Federal, State, and local
payroll taxes, Reconcile health insurance payments and make payroll deductions
when required etc. We work as your accounting back office, to provide you with
accurate, timely, with minimized risk all your payroll related activities.
These repetitive activities once outsourced to Accounts Nest will deliver cost
savings, from hiring, training and managing the in house staff, and also enable
you to focus on your core business besides always having your employees
satisfied with timely and accurate payments. We also offer customized payroll
processing solutions to fit your requirements, Please feel free to ask us, how
we can assist you.
Benefits of Outsourcing Payroll Services to Accounts Nest
• Cost
benefit to the tune of 40-50%.
• Reprieve
from repetitive, tedious administrative work
• Timely
and Accurate Payments
• No risk
of penalties or fines on accounts of mistakes or delays
• Complete
compliance of regulations
• No
Staffing requirements, no hiring, recruiting or training needed.
• More time
to focus on core competencies
• Present
staff is free in taking more responsibilities.
• Payroll
taken care by experts.
• Quick
Turnaround.
Services Offered in Payroll Outsourcing:-
• Preparation
of employment contracts
• Withholding
tax compliances by the employer
• Fringe
Benefit Tax (FBT) compliances
• Employee
Compensation Structuring
• Provident
Fund, ESI and Gratuity related legal compliances
• Preparation
of Compensation and Benefits Manual
• Advisory
Services in regards with the payroll
Tax planning & Returns
The service involves helping the clients make necessary
periodic income tax, sales tax and other returns. It also includes helping the
client make sound investment decisions and help him avail various rebates and
deductions.
Debt Collection
The service involves assisting the client with the recovery
of debts. Taking necessary legal action in case of defaulters.
Cash Handling and Banking Operations
The service involves assisting the client with treasury
functions including the operation and monitoring of high interest deposit and
current accounts.
Online Accounting Flowchart
• Receiving
client data through scanned images via Internet through a secure FTP account /
getting access to the client server by remote desk connection
• Review of
the client information and understanding his requirements. Instructions are
issued to the staff and a confirmation memo is dispatched to the client
• Data is
entered in the client's computer by using remote desk connection. Work can also
be done by accountants on their computers and then the files can be transmitted
using secured e- fileshare system.
• The
output is reviewed by accountant for QC.
• If the
work is done on the client's server using UPN, the accountants send progress
report on a daily basis, informing the status of job. If the work is done on
local machines, the work is uploaded and a report of the same id sent to client
using a secure FTP account.
• Written
reports are sent at each stage and the accountants have continuous
communication with the client via e-mail, chat, VOIP, telephone video
conferencing.
Why outsource accounting services to us?
• Financial
reporting analysis
• Avoiding
capital expenses
• Cash flow
analysis
• Monthly,
quarterly, and yearly reporting
• High
Quality
• Quick
Turnaround Time
• Concentrate
on other business priorities
• Undertake
projects - full-time or part-time, ongoing or temporary,
