Bookkeeping Services - Accounting and Finance
Business Care India: Get the Best of Professional Bookkeeping Services
Business Care India is a leading financial solution provider. It offers professional financial advisory services to businesses for maintaining their financial and operational data. These include Bookkeeping Services where we design proper books of accounts for our clients; entailing of taxation, management, regulation and investments. Through our outsourced bookkeeping services, we help businesses in recording and preserving their finances.
Accordingly, we offer the following financial solutions for business bookkeeping: -
We know how crucial it is for businesses to have an efficient invoice processing system in place. Hence, we implement our best invoice processing procedure for the management of supplier invoices; from their receipt to payment. Every time, a proper invoice processing flowchart is created, consisting of proactive and error-free invoice processing steps, to match invoices with purchase orders and pass them for authorization.
Accounting Policies and Procedures
A company’s accounting policies and procedures are integral in preparing and presenting its financial statements. For this, our professionals use suitable types of accounting policies, such as descriptive methods, systematic procedures and accurate measurement systems, along with clear-cut disclosure of accounting policies. We also execute significant accounting policies for proper comprehension of the information provided in financial reports.
Business Care India, also provides all types of bookkeeping services like Real-time Accounting, where businesses get flexible and secure access to their respective financial data, on any device, via Internet. We provide this service so that users are always caught up with their profits, account balances and revenues. This cloud accounting system is safe, faster, better, proactive and lucrative.
Payment Processing is one of the most important bookkeeping services for small business, especially when it comes to handling financial transactions from various channels. Our system adeptly manages and verifies all transactions so that there are no fraud or wrong payments. We ensure that the whole billing and payment cycle is covered and completed with efficiency.
Reconciliations and Ageing
Many-a-times, the unpaid client billings don’t match with the accounts receivable total sum of a business ledger. This, in turn, results in inaccuracies, errors and losses. We understand this and hence, also provide professional bookkeeping Services of Reconciliations and Ageing like rectification of incorrect journal entries, wrong receivable dates and accidentally posted bills.
Reconciliation of Intercompany/ Interbranch Transactions
Today, various businesses have multiple branches and due to interbranch transactions, intercompany reconciliation is a stipulation for them. Here, we offer our services for intercompany accounts reconciliation, like automated finance tracking and reporting, cash management, observation of payments, vendors and inventories, etc. We also ensure absolute and correct documentation of intercompany accounts reconciliation journal entries.
Monthly Accounts Closing
We know how much important it is for businesses to keep their Monthly Accounts Closing Data organized and up-to-date. That’s why, we provide expert assistance for timely recording of cashflow, updation of accounts payable, account reconciliation, inventory tally, revenue and expense assessment, review of finances, etc.
Monthly Balance Sheet
Balance sheets are the backbone of any business’s finances. They are usually prepared monthly, quarterly or annually. However, we believe in representing financial positions “as of a moment in time”. Hence, our services include Monthly Balance Sheet Preparation for recording company’s assets, liabilities and shareholders’ equity.
Profit and loss
We also do profit and loss statement analysis and create comprehensive profit and loss statement for small business. Here, we create a comparative statement of profit and loss by calculating a company’s gains, expenses, losses, net income and revenue for a specified time period. We also carry out extra reviews and compare balance sheets with profit and loss account statement for assuring the authenticity of net income appearing in the statement.
Cash Flow Statements
A business’s finance is incomplete without the provision of Cash Flow Statements as it is a requirement for understanding how the “cash has changed” during the course of time. We evaluate all the operational, financial and investment activities of the business and calculate its disclosures like non-monetary exchanges, interests and taxes.
Analysis of Major Expenses
Analysis of Major Expenses is also a part of our accounting and bookkeeping services. We analyze all the expenses that affect the financial statements of a business, esp. income statement. These involve Costs of Sold Goods, operating and non-operational expenses, financial and non-cash expenses, extraordinary expenses, etc.
Financial Year Closing
The last provision of our Bookkeeping Services is calculation of Financial Year Closing. We carry out revaluation, analyze year end data and specify P&L accounts, balance sheet, ledger and journal entries. Our experts ensure accurate information, prevention of frauds and errors, precise transfer of ledger balances and accrual documentation of income and expenses.