Accounting Services
Bookkeeping
Bookkeeping is the process of recording, classifying, and summarizing financial transactions to provide an accurate record of a business’s financial activity. It involves the systematic recording of all financial transactions of a business, including sales, purchases, receipts, and payments. Bookkeeping is essential for keeping track of a company’s financial health and is the foundation for financial reporting and tax preparation.
Financial Statement Preparation
Financial statement preparation is the process of preparing a company’s financial statements, which are used to communicate its financial position, performance, and cash flows. Financial statements are typically prepared at the end of each fiscal year and include the balance sheet, income statement, statement of cash flows, and statement of stockholders’ equity. These statements provide important information to investors, creditors, and other stakeholders about a company’s financial health.
Financial Reporting Statement
A financial reporting statement is a document that presents a company’s financial results to its stakeholders. It includes information on revenue, expenses, assets, liabilities, and cash flows. Financial reporting statements are used to communicate a company’s financial performance and are typically prepared on a periodic basis, such as quarterly or annually. They are important tools for investors, creditors, and other stakeholders in evaluating a company’s financial health.
Financial Assessment Report
A financial assessment report is a document that provides a detailed analysis of a company’s financial health. It includes information on a company’s financial position, performance, and future prospects. Financial assessment reports are used by lenders, investors, and other stakeholders to make informed decisions about the company. The report may include a review of the company’s financial statements, cash flow analysis, and other relevant financial information.
Ledger Review
A ledger review is a process of reviewing a company’s financial records, including its ledger, to ensure that all transactions are recorded accurately and in compliance with accounting standards. The review may include an examination of a company’s general ledger, accounts payable and receivable, and other financial records. A ledger review is an important step in the financial reporting process and is typically performed by an independent accountant.
Business Consulting
Business consulting is a service that helps companies improve their operations, financial performance, and overall competitiveness. Business consultants work with companies to identify areas of improvement, develop and implement solutions, and provide guidance and support. Business consulting services may include financial analysis, market research, organizational development, and strategy development.
Employee Benefits Consulting
Employee benefits consulting is a service that helps companies design and administer employee benefits programs. Employee benefits consultants work with companies to develop benefits packages that are cost-effective, meet the needs of employees, and are in compliance with all applicable laws and regulations. Employee benefits consulting services may include plan design, vendor selection, administration, and compliance support.
Income Tax Preparation & Consulting
Income tax preparation and consulting is a service that helps individuals and companies prepare and file their income tax returns. Tax consultants work with clients to ensure that their tax returns are accurate and complete, and that they take advantage of all available tax benefits. Tax preparation and consulting services may include tax planning, return preparation, and representation before tax authorities.
Vendor Payment Service
Vendor payment service is a service that helps companies manage the payment of their bills and invoices. Vendor payment services may include invoice processing, payment reconciliation, and vendor communication. The goal of vendor payment services is to streamline the payment process and reduce the administrative burden on a company’s accounting and finance staff.
Payroll and GST Activities
Payroll and GST activities are essential functions in a company’s accounting and finance department. Payroll activities include the calculation and payment of employee salaries, bonuses, and other compensation. GST activities include.