We update the daily transactions of the company in to the accounting software and generate monthly/periodic reports for the management for decision making.
- Weekly Visit
Our representative will be visiting your office on a weekly basis and update transactions. This will cover entry of all purchases, sales, receipts, payments and other business transactions including recognition of transactions on accrual basis. The system generated Management Information System (MIS) reports will be generated and discussed then and there with the management. Monthly reports will be prepared and issued to the management at the end of every month
Such reports include:
- balance sheet (statement of financial position),
- profit and loss account (statement of comprehensive income),
- cash flow statements,
- receivables ageing list,
- payables ageing list,
- comparative report on sales performance,
- comparative report on expenses etc.
- variance/ratio analysis
- Monthly Visit
If the number of business transactions in the company is comparatively less, monthly one or two visits will be sufficient to complete updating of books of account. Our representative will be visiting the clients’ office at the end of every month/beginning of the next month and update the transactions. This will cover entry of all purchases, sales, receipts, payments and other business transactions including recognition of transactions on accrual basis. The system generated Management Information System (MIS) reports will be prepared and discussed with the management by our executive. Further quarterly reports (in-house financial statements) will be prepared and issued to the management at the end of every quarter.
Such reports include:
- balance sheet (statement of financial position),
- profit and loss account (statement of comprehensive income),
- cash flow statements,
- receivables ageing list,
- payables ageing list,
- inventory analysis,
- comparative report on sales performance,
- comparative report on expenses,
- financial ratio analysis,
- working capital analysis,
- BEP/Margin of safety analysis etc.
In order to do the regular accounting services weekly or monthly, the administrator or the secretary in the office of the client has to maintain the basic information of the transactions happened during that period and those should be made available to verify and update.
Such documents include:
- sales invoices,
- purchase invoices,
- payment vouchers,
- receipt vouchers,
- petty cash expenses,
- bank statements,
- cheque counter foils,
- bank transfer copies,
- debit notes
- credit notes etc.
- Updating of Daily Accounts from our overseas office
Our accounting office located in India can support the client to update the transactions on a daily basis. It includes updating of transaction like sales, purchases, payments, receipts or reconciliation with bank statements /customers’ accounts/ suppliers accounts etc. or any other requirements from the clients’ side on a full-time/part-time basis. The data has to be provided by the client through email or online portal to our executive. The periodic reports will be given to the management for such assignments we undertake.