Book Keeping and Financial Reporting
Operating results, financial position and cash flows are crucial indicators of a business organisation that these factors help them to analyse where they stand and what should be their future scale of operations. And for these clear and absolute financial reports, a full-fledged accounting system and accounts department is needed. But for every business mainly small and medium scale it is not always possible to have an accounts department with high end professionals and accounts personnel. There comes the importance of outsourcing accounting and financial reporting job that these business organisations can avail the services of professionals in accounting and finance field in reasonable cost that they can afford. More over the challenges and competition faced by the business firms is increasing day by day and the management need to keep them focused on meeting the challenges and growing their business.
In GAAP we take up all your book keeping and financial reporting job that you are totally relieved from these hectic tasks, and can put your effort wholly on growing your business empire. We have our flexible options in doing the Accounting and Book keeping work as per the requirements of our clients.
We have different approaches to this which ends in benefiting you with extreme flexibility:
- Our accountant works from our office and you can email/mail the documents to us or we will collect the documents physically from your office
- Our accountant visits you at your office for the accounting work, and the frequency will be based on the work volume.
- A mixed approach combining the above two is also possible as per the requirements of the client
- Initial setup and preparing Chart of Accounts
- Data entry and voucher arrangement
- Sorting and matching receipts & payments with credit card or bank statements
- Allocation of payments & receipts to match invoices
- Review of Bank statements and reconciliation
- General Ledger Reconciliations
- Accounts payables reconciliations
- Accounts receivables reconciliations
- Aged Payables and Receivables Management
- Fixed assets schedule and computation of depreciation
- Extraction of monthly Management Reports with relevant comments
- Extraction of monthly expenses report
- Monthly closing of books with all adjustment entries
- Extraction of monthly income statement and balance sheet
- Monthly presentation of accounts to help you understand better about your business
- Comprehensive Financial Reports (operational & financial ratios and many others)
- Preparation of year end working papers, reconciling balance sheet items
- Reconciliation of any end of year amendments required by external auditor
- Preparation of year end audit schedules and reports
- Co-ordination with Auditor
- Data file backup and storage
- Fantastic customer support