Outsourcing: Accounts, Payroll, TDS, Taxation
Why should you outsource?
You are probably here because you are considering outsourcing some of your core or non-core finance functions. With rising employee turnovers, many organizations are struggling to streamline their finance function in order to be more consistent and dependable. We are firm believers that businesses should be system-driven instead of person-driven to achieve this goal. Our professional expertise coupled with extensive industry experience will help you attain and sustain this goal.
If you are facing any of these problems, then outsourcing is for you-
- Frequently changing key employees. As a result, new staff is not fully aware of what his predecessor has done.
- Seasonal work that needs to be done only during certain weeks or months. It is not practical to hire new employees as they will remain idle rest of the time.
- Files are scattered among multiple folders and unorganized.
- It is not cost effective to hire new employees.
- Statutory deadlines are not met because existing staff is overburdened.
What we offer
We offer customized solutions depending on management needs. To give an idea, our qualified team can render the following services to your business:
- Accounting-
- Traditional accounting using Tally
- Cloud accounting using Zoho Books or Intuit Quickbooks
- Bank reconciliation
- Posting sales and purchase transactions
- Monthly/Quarterly GST returns
- Reconciliation of Input Tax Credit claimed with data uploaded by vendors
- GST follow up services for mismatched credits
- Quarterly TDS returns
- Reconciliation of sales and purchases with books of accounts
- Payroll
- Finalizing books of accounts
- Responding to auditor’s requirements and queries
Get in touch using the link below to know how outsourcing can help you get the most from your business…
Onsite or Offsite – which should I choose?
Onsite accounting costs more than offsite accounting because your accountant spends more time and money traveling and less time writing your accounts. However, at the initial stage, it is recommended that you opt for an onsite service, since the beginning weeks are crucial for your accountant to get acquainted with your business. Few weeks later, once a routine has been established, you can always opt for offsite accounting which will be more cost efficient for both.
How frequently will you visit?
It is recommended to do your accounting at least weekly, so that your accounts represent a true and fair view of the actual position of the business as on date. Even so, we offer our clients complete freedom to choose how frequently they want to update their accounts and depending on the volume of work our person will visit accordingly.
How long does it take?
Depending upon the nature of work, it can take anywhere between 1 days to 3 weeks. Although most govt registration procedures are now online, there is almost always a human review before you are granted the registration. Shop act licenses are completely online and granted within 24 hrs, but others like PAN, TAN, GST, etc. are subject to review by the jurisdictional officer before your application is finally approved. The most we can do from our end is not to make any delays or errors in submission of your documents. We have a checklist prepared for every aspect of the registration process so that precious time is not wasted because of incomplete paperwork.
How much will it cost me?
The Chartered Accountants’ Code of Ethics does not permit us to publish our fees. However, we would be happy to revert to you if you leave us your email address and phone number on this link.
Is my data safe?
Your data is stored with utmost confidentiality and can be accessed only by the accountant assigned to you. The cloud platform is also secured with an encrypted connection. You can be assured that your data is adequately safeguarded.