Accounting and Payroll

Accounting Service

We are a reputed name in the field of offering Accounting Consultancy Services. We provide tailor made book keeping services to clients from all business fields with various solutions to free themselves from accounting routine and supervision works.

The range of services includes:

• Designing and setting up appropriate accounting system.
• Designing financial reports with customized format.
• Application and compliance of IAS/BAS/IFRS and regulatory laws.
• Analyzing the cash requirements of the business and making cash forecasts for planning the future.
• Classification of accounting transactions as per codes.
• Preparation of vouchers and documents wherever necessary.
• Making entry of the transactions in the books of accounts such as ledgers, registers, bank book, cash book etc.
• Preparation of schedule of fixed assets and making records thereof in the fixed assets register.
• Collecting statements from concerned banks and preparing bank reconciliation statements.
• Balancing of accounts and preparation of Trial Balance.
• Preparation of financial statements and notes of the accounts (monthly, quarterly and yearly).Financial statements will include the following:

  – Balance Sheet.
  – Profit & Loss Account / Income Statement/ Receipt & Payment Account.
  – Cash flow statements.
  – Statement of changes of equity and value added statements.
  – Notes to financial statements including significant accounting policies.

• Regularization of inventory posting, recording and reporting.
• Conduct time to time physical verification of fixed assets.
• Conduct internal audit (monthly, quarterly & yearly).
• Communicating with the auditors with regard to accounting issues, if any.
• Getting the annual accounts audited by the external auditors.

Payroll Processing

We conduct payroll processing and in some cases we carry out the payroll audit before payroll processing by the clients.

The range of services includes:

• Salary compositions/ break up.
• Preparation of monthly payroll sheets.
• Making deduction of source tax, preparing necessary statement and depositing the same to the Government Treasury.
• Preparing secure pay slips.
• Arranging the payment of salaries by preparing Bank transfer advice in bank specific formats.
• Designing and setting up appropriate accounting system.