Services for US Accounting Firms and Corporations.

BOOKKEEPING AND GENERAL ACCOUNTING

• Maintain Chart of Accounts
• Posting Nominal Ledgers 
• Post data into Day Books
• Trial Balance Reports Generation
• Establish Closing Schedule
• Perform Monthly, Quarterly and Year-end closings
• Maintaining Account receivables and Payables

FIXED ASSETS ACCOUNTING / MANAGEMENT

• Classify, capitalize and record fixed assets items and capital expenditure.
• Depreciation Calculations

ACCOUNTS RECEIVABLE

• Record and Account for Revenue
• Prepare client's Bills and Statements
• Credit and Collections
• Input Receivable Transactions
• Journal Entries Verification
• Send out client-approved End-customer Bills and Statements
• Maintain Standard Pricing Information
• Maintain End-customer Receivables
• Client-approved Adjustments Processing
• Apply cash received to customer accounts and resolve "Short Pays"

ACCOUNTS PAYABLE

• Invoice Processing
• Client-approved Vendor Invoices Processing
• Client's input based Negotiated Price Items verification
• Client's input based Price and Quantity Discrepancies resolution
• Client-approved Vouchers posting
• Other client-approved Charges Processing
• Maintain files to support Invoice Processing

RECONCILIATION

• Provide reconciliation of Inter-company and Intra-company Transactions
• Reconcile Fixed Assets and associated Ledger Entries
• Reconcile Accounts Receivables
• Reconcile Accounts Payables
• Reconcile Bank Accounts

Management Reports & Financial Analyses

• Preparation of Projected Revenue, Expenses and Cash Flow
• Preparation of Financial Budgets, guidelines and assumptions
• Variance and Ratio analysis' reports comparing actual results to budget
• Provide monthly, quarterly and annual Income Statement, Balance Sheet, Cash Flow Statement compared to budget and/or previous period
• Provide monthly analysis of business' performance by unit
• Provide any other financial report required by the Client's for Banks and Financial Institutions

Tax Preparation Services

Form 1040, 1041, 1065, 1120 & 1120S           

By eliminating the need to staff for the increased workload of tax season, Bookkeeping.co.in enables you to improve realization rates for year-round employees. Our capability to provide additional capacities "On-Demand" to process individual tax returns, allows you to providing more timely customer service, lowering the stress level of your accountants and existing staff.

Services for UK Accounting Firms and Corporations.

BOOKKEEPING

• Setting up Chart of Accounts
• Maintenance of Nominal Ledgers to Trial Balance
• Maintenance of Purchase Ledger -  A/P
• Maintenance of Sales Ledger – A/R
• Maintenance of Cash Books
• Maintenance of Fixed Asset Register
• Drawing cheques on a weekly basis in accordance with normal payment terms, or instructions of the client
• Monthly Payroll and Preparation of Employer's Annual Returns
• Completion and submission of VAT returns

MANAGEMENT INFORMATION

• Monthly Cash Projections
• Monthly report showing actual figures to date
• Quarterly Projected v Budget income and expense comparisons (if Budget figures are available)

FINAL ACCOUNTS AND YEAR-END REPORTING

• Preparation of final Trial Balance and associated accounts information •  Liaising with Company's Auditors
• Preparation of the financial section of the draft Financial Statements

 RECONCILIATION

• Provide reconciliation of Inter-company and Intra-company Transactions
• Reconcile Fixed Assets and associated Ledger Entries
• Reconcile Accounts Receivables
• Reconcile Accounts Payables
• Reconcile Bank Accounts

PAYROLL   SERVICES

• Complete preparation of Weekly and Monthly payrolls
• Inland Revenue P60, P45, P30, P35, P14
• End of Year Processing

Services for Australian & NZ CA Firms & Corporations.

• Bookkeeping Services(Write Ups).
• Preparing BAS & GST returns .
• Account Receivable Reconciliation.
• Account Payables Reconciliation.