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Accounting and Auditing Firms – CPAs / ACCAs / CAs
Are you a CPA – ACCA – CA firm looking to get certain accounting & bookkeeping roles outsourced?
At Bookkeeping Monster(India), we perform value added bookkeeping and accounting outsourcing India for CPA firms, ACCA firms and other accounting & bookkeeping services auditing firms across the globe.
Accounting Outsourcing India and bookkeeping roles to an offshore accounting team at low cost destination will not only helps in saving on cost but would also enable you utilize the time saved and resources bandwidth in planning & performing core accounting and bookkeeping service more effectively.
We can work as your virtual back office and are confident to perform accounting and bookkeeping service that would assist you with:
- Bringing in increased focus on business development and enhancing your market reach.
- Utilizing time to try and develop more efficient accounting outsourcing India services and products to win clients in an ever changing and dynamic business environment.
- Decreased turnaround time in reverting back to clients due to time difference advantages and getting the job done from bookkeeping professionals with experience of working on similar assignments across the globe.
- Increasing your bandwidth to build business relations with additional clients and getting the non-core accounting functions like accounting and bookkeeping services, taxation preparations, reconciliations, invoicing etc done from us.
- Substantial Saving of costs as the rates of providing such professional services are lower enough to save 40-50% of costs if compared to the rates of the same being done in-house or from local contractors.
Indicative Range of accounting outsourcing India function roles that we can do for a Practicing CPA – ACCA – CA are as under:
- General Bookkeeping Services
We can provide a range of bookkeeping and accounting services for your clients or can also take up any specific area of the job such as – Account receivables, Account payables, Reconciliations, Payroll, Invoicing and other related bookkeeping roles. We can assign you with a dedicated team or professionals with experience of working in similar industry and market.
- Accounting services
We are proficient and have experience in setting up and maintaining accounting for small – mid sized business enterprises. We can also offer customized accounting outsourcing solutions based on the varied needs of different clients you would be servicing.
We have hands on experience and are working on the latest and most reliable accounting packages used globally for processing accounting for small – mid sized firms like – Quickbooks (various versions), Peachtree, Quicken, MYOB, XERO, Clearbooks and other similar accounting packages.
You can specify your requirements of the accounting softwares to be used for different clients and we can accordingly deploy resources with requisite accounting experience.
- Income Tax Preparation services
We are involved in computing income taxes for individuals, partnerships and limited companies for US – UK – Australia and India based clients. We can prepare income tax returns and do the necessary calculations for your review so that the job can be executed at a fairly lower cost maintaining the quality of service at the same time.
You can outsource us the income tax preparation jobs of your clients and we shall work to get the same executed in minimum turnaround time and in the most cost efficient way.
- Preparation & analysis of Financial Statements
We can provide you with regular reporting on the financial statements of different clients as and when required. Once the bookkeeping process and accounting services are being done, care is taken to make sure that the financials are tied up to account for all income and expenses and that they meet up the required accounting standards. This helps preparation and depiction of a fair financial position of an enterprise from time to time.
We are also doing financial analysis of past profitability and financial position of a business enterprise. We can provide you with comparative key trend analysis, ratio & variance analysis for the various account balances which are increasingly been used by business owners to understand the brand positioning, product acceptability, market reach and customer satisfaction. This again helps take business decisions and to plan for the future.
- Sales & use Tax , VAT and GST computation & filing services
We have been also providing services relating to necessary calculations, workings and documentation work for filing of monthly / quarterly and annual sales tax, VAT and GST returns as applicable to a business enterprises.
You can outsource the computation and preparation of such returns as computing & preparing relevant taxes for an enterprise primarily involves interpreting the income statements and doing relevant computations based on the prevalent statutory requirements. The job done by us can undergo your review and this way you can reconfirm the quality and leverage on getting the job done from subject matter professionals from a low cost destination.
- Financial Modeling and preparing Business Plans
With experience in preparing Business Plans and doing financial modeling for enterprises gives us a chance to utilize our skills and offer you with financial modeling and business plan preparation assistance for your clients – startups and growing business enterprises.
With team having experience of working with leading Investment Banks and Big4 Accounting firms in India, we can assist you with preparing iterative financial models for projecting business cash flows for next 5-7 years and doing a sensitivity analysis. Preparation of financial models can be used by business houses to do an informed budgeting for next 2-3 years and to raise funding – equity or debt.