Accounting & Compliances
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Accounting
Compliance
Bookkeeping
Bookkeeping is the process of recording the financial transactions of your company into an organised account on a daily basis. Bookkeeping is also used to differentiate the recording techniques used by multiple businesses. Bookkeeping is an essential part of your accounting process where the details will be handy for carrying out tax audits.
Accounts - Payable & Receivable
Accounts payable and accounts receivable are two essentially opposite aspects. Accounts payable is the amount of money owned by a company to its vendors. On the other hand, accounts receivable is the sum of money that is owed to the company, typically by the customers. Payables are booked as current liability of a company.
Integrated accounting
Integrated accounting enables you to organise your business systems. This in turn helps in increasing the information flow and to reduce the operational costs. The advantages of integrated accounting can bring in a wholesome transformation to your financial statements.
Cash & Bank accounting
Both Cash & Bank accounting imply ledger accounts. Cash accounting will be used where payment receipts and expenses are recorded during the period of the transaction. Bank accounting is a record maintained by financial institutions for recording all types of ongoing cash flows on behalf of the customer.
Inventory valuation
Inventory valuation is very important for companies that are preparing their financial statements. It is an accounting practice for finding out the value of unsold inventory stock. Inventory stock is considered as an asset for an organisation and in order to record it in the balance sheet, it requires a financial value.
Fixed Asset Management
Fixed assets like servers, transport trucks & elevators require a huge capital investment. Fixed asset management allows organisations to effectively monitor vehicle equipment, assess their condition and keep them in good working condition. A company’s investment values can be increased with effective asset management.
Cost accounting
Cost accounting is the reporting and analysis of a company’s cost structure. It is the process of assigning cost-to-cost objects which generally include a company’s products, service & any other company related activities. Cost accounting helps in reporting, analysing & improving the internal cost control.
Branch accounting & group consolidation
Branch accounting is a simple bookkeeping system in which individual accounts are maintained for each branch or operating location of an organisation. It provides better accountability since it acts as a nominal ledger lasting for a designated accounting period.
Bookkeeping:
Bookkeeping is the process of recording the financial transactions of your company into an organised account on a daily basis. Bookkeeping is also used to differentiate the recording techniques used by multiple businesses. Bookkeeping is an essential part of your accounting process where the details will be handy for carrying out tax audits.
Accounts – Payable & Receivable:
Accounts payable and accounts receivable are two essentially opposite aspects. Accounts payable is the amount of money owned by a company to its vendors. On the other hand, accounts receivable is the sum of money that is owed to the company, typically by the customers. Payables are booked as current liability of a company.
Integrated accounting:
Integrated accounting enables you to organise your business systems. This in turn helps in increasing the information flow and to reduce the operational costs. The advantages of integrated accounting can bring in a wholesome transformation to your financial statements.
Cash & Bank accounting:
Both Cash & Bank accounting imply ledger accounts. Cash accounting will be used where payment receipts and expenses are recorded during the period of the transaction. Bank accounting is a record maintained by financial institutions for recording all types of ongoing cash flows on behalf of the customer.
Inventory valuation:
Inventory valuation is very important for companies that are preparing their financial statements. It is an accounting practice for finding out the value of unsold inventory stock. Inventory stock is considered as an asset for an organisation and in order to record it in the balance sheet, it requires a financial value.
Fixed Asset Management:
Fixed assets like servers, transport trucks & elevators require a huge capital investment. Fixed asset management allows organisations to effectively monitor vehicle equipment, assess their condition and keep them in good working condition. A company’s investment values can be increased with effective asset management.
Cost accounting:
Cost accounting is the reporting and analysis of a company’s cost structure. It is the process of assigning cost-to-cost objects which generally include a company’s products, service & any other company related activities. Cost accounting helps in reporting, analysing & improving the internal cost control.
Branch accounting & group consolidation:
Branch accounting is a simple bookkeeping system in which individual accounts are maintained for each branch or operating location of an organisation. It provides better accountability since it acts as a nominal ledger lasting for a designated accounting period.
