Accountants
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Why Outsource Accounting Services to India?
Outsourcing accounting services to India can provide several benefits to businesses. India has a large pool of skilled and qualified accounting professionals who can offer cost-effective and high-quality services. The cost of labor in India is relatively lower compared to many other countries, which can result in significant cost savings for businesses.
Additionally, India's time zone is favorable for businesses in the US and Europe, as work can be completed during their non-business hours. Outsourcing accounting services to India also enables businesses to focus on their core competencies and achieve greater efficiency, as they do not have to spend time and resources on managing their accounting processes in-house. India also has a favorable business environment with a robust legal framework and strong intellectual property protection laws.
Accounting Services
Accounts Payable
Our accountant has specialized skills in tasks such as approving invoices, reconciling vendor records, issuing checks, and maintaining a comprehensive record of all payments.
Accounts Receivable
Your online accountant can handle a range of tasks related to managing customer payments, such as recording cash, checks, and credit card transactions, and verifying and entering transactions from local deposits.
Bookkeeping
Our team of bookkeeping experts excels in offering tailored reports, employee reports, expense breakdowns, general bookkeeping, cleanup of existing bookkeeping, trial balance services, and other related services.
Payroll
Our Payroll processing specialists excel in various services including Payroll general ledger reporting, Payroll tax service, Payroll administration, Paymaster payroll, Job costing analysis, Payment Processing, and many others.
Financial Reporting
Obtain various financial reports, such as balance sheets, income statements, cash flow statements, bank reconciliation reports, detailed general ledger reports, and fixed asset account management, that can give you a competitive edge by enhancing your financial reporting efficiency.
Consulting
Our team of accountants provides a comprehensive range of consulting services that include evaluating businesses, helping with retirement planning, providing financial advice to clients, identifying areas that may hinder growth and profitability, and developing strategies to overcome them.
Tax Planning
Our team of accountants provides a comprehensive range of consulting services that include evaluating businesses, helping with retirement planning, providing financial advice to clients, identifying areas that may hinder growth and profitability, and developing strategies to overcome them.
Company Formation
Obtain professional accounting advice and assistance with tasks such as registering an office address or incorporating a limited company from our team. Our experts can offer valuable insights that can save you time and effort in gathering and analyzing information.
Bank Reconciliation
Here, you can avail a comprehensive suite of bank reconciliation services, which includes reconciling bank statements, credit card statements, matching invoices with your ledger, and reconciling balance sheets.
Benefits of Outsourcing your Accounts Department
Data Security
We store your data on secure cloud servers to safeguard against physical data loss and ensure business continuity.
Your Own Offshore Office
When partnering with us, you won't just be outsourcing your tasks, instead, you'll receive the benefits of a fully managed offshore team that serves as an extension of your local office in India.
Multiple Skills
You can hire Accounting experts with varying levels of experience, such as junior, mid-level, or senior, and benefit from the diverse skills and experience of our team.
Easy Communication
You can easily communicate with your remote employee through our various communication channels, including Skype, email, telephone, Zoom, Google Meet, and more.
Zero Overheads
We handle all aspects of your business, including office space, infrastructure, human resources, accounting, and administration, among others.
Accounting Process
Transactions
The process of accounting begins with financial transactions, including but not limited to debt payments, buying and selling assets, sales revenue, and other expenses.
Journal Entries
After financial transactions are made, the next step in the accounting cycle is to record them in the company's journal in the order in which they occurred.
Trial Balance
At the conclusion of the accounting period (which may vary depending on the company), the accounts are summed up to determine the total balance.
General Ledger Posting
After recording the transactions in the journal, they are then posted to the general ledger, which provides a comprehensive summary of all the transactions.
Worksheet
Paying close attention to details is crucial when preparing a trial balance. The worksheet can be used to identify errors or omissions if the debits and credits on the trial balance do not balance.
Adjusting Entries
Adjusting entries must be recorded at the end of the company's accounting period to account for accruals and deferrals.
Financial Statements
The next step is preparing the financial statements, including the balance sheet, income statement, and cash flow statement, after the completion of the adjusting entries at the end of the company's accounting period.
Closing
The final step in the accounting cycle is to close the revenue and expense accounts and reset them for the next accounting period.
Accounting Services Tailored to Multiple Industry
FMCG (Fast Moving Consumer Goods)
Automobile
Insurance
Education
E-commerce
Information Technology
Telecommunication
Power & Energy
Healthcare
Manufacturing
Media & Advertising
Entertainment
Fitness
Real Estate
Human Resources
Select From Our Three Uncomplicated Hiring Models
Dedicated Model
You will be provided with a dedicated accountant who will work exclusively for you. You will have complete control over the developer and the project.
Team Model
You can avail the advantages of an entire team with diverse skill sets in various domains while paying for a single resource
Full Time/Part Time or Ad-hoc
You have the flexibility to select the accountant hiring option that suits your workload, including 8-hour/day, 4-hour/day, or ad-hoc.
FAQ's
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Contact us for fast support.
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