Create More Revenue by Outsourcing Bookkeeping Services

Any organization whether big or small spends a huge amount of time, energy and resources on day to day bookkeeping, tax preparation and accounting services. This often adds little or no value to the organization's core development or requirement. By outsourcing bookkeeping services to India, businesses increase their profitability, improve company focus and enhance their flexibility to respond to key business issues. Businesses, CPA's and Accounting Firms who outsource their bookkeeping services and accounting work to Indian companies find that they have a virtual back-office right from set-up, support and maintenance to consultancy.

A few of the services offered are

•· Entry of transactions

•· Journal entry

•· General Ledger entry

•· Assets /Equipment Ledgers

•· Expenses Ledger

•· Accounts Receivable

•· Accounts Payable

•· Bank Account Reconciliation

•· Financial Statements preparation

•· Trial Balance

•· Income Statement (Profit and Loss)

•· Balance-sheet

•· Cash Flow Statement

• Computerized processing of all checks and bookkeeping information
• Bank statement reconciliation
• Preparation and review of monthly financial statements
• Maintenance of employee and sub-contractor earnings records
• Preparation of all tax processing
• Preparation of year-end W-2 and 1099 forms
• Day-to-day bookkeeping and accounting
• Quarterly balancing of books
• Quarterly production of Management accounts
• Quarterly production of Vat returns
• Annual accounts and tax returns preparation
• Submission to Inland Revenue
• Expert tax advice to minimize tax liability
• Adjustments to year-end accounts

With the use of up-to-date accounting software such as MYOB and SAGE, QuickBooks (all versions), Quicken, Peachtree, Intuit ProSeries, Intuit Lacerte, Net Suite, Creative Solutions Accounting, Master Builder, Business Works etc., Indian outsourcing companies offer their clients the choice of various accounting services at a much lower rate with the benefit of a highly productive work force.

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