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Hyderabad, Telangana - 500034

Virtual Accounting Services

We understand that the small and medium size enterprises and start-ups are focused on using their funds for expansion of business and does not have band width to hire a full time financial controller ('FC') / CFO to handle their accounting, compliances, and other regulatory requirements

We intend to fill this gap with our services as FC/CFO to the clients, where in we assign a single point of contact to client, who will co-ordinate with respective teams and ensure timely compliances

1. Account Receivables Management (Invoice Process)
  • Review of contracts/agreements with the Customers/Vendors
  • Review of inputs for preparation of Invoices
  • Reconciliation of accounts receivables with Customers
  • Debtor’s aging analysis and apprising to management
  • Periodical reports to Management on collection status.
2. Account Payable Management (Payment Process)
  • Review of Purchase Orders (‘POs’) from vendors.
  • Creation of vendors in the accounting system;
  • Accounting of invoices for processing payments;
  • Computation of withholding taxes (if any);
  • Computation of taxes payable under Reverse Charge Mechanism (if any);
  • Reconciliation of vendor credit notes and vendor payables.
3. Payroll Maintenance
  • Maintain the payroll register of employees
  • Obtaining monthly Attendance
  • Computation of Paysheet and Provision for monthly payable salary
  • Calculation of Full & Final settlement
  • Review of tax deductible items like HRA documents, investments etc;
  • Calculation of annual tax liability of the employees for withholding taxes
  • Timely Remittance of Taxes which includes PF/ESI/IT.
4. MIS & Monitoring Services
  • Monthly Closure of Books of Accounts
  • Ensuring accruals for all the variable and fixed expenses and revenues
  • Monthly reconciliations of Banks
  • Preparation of Monthly P&L / Balance Sheet.
  • Comparison of Monthly Budget vs Actuals.
  • Preparation of Monthly MIS and reporting the same to Management
5. Book Keeping Services
  • Defining primary accounting processes that would enable transaction handling and recording in the books
  • Preparation and Maintenance of chart of accounts
  • Preparation and Maintenance of chart of accounts
  • Record Keeping of financial transactions;
  • Monthly accounting activities involving preparation of statements of profit and loss and balance sheet
  • Weekly / Monthly Bank Statement Reconciliations
  • Maintenance of Fixed Asset Register.

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SERVICES WE OFFER


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