WORK O LOGY
Using Cloud Software's
We have designed a checklist of documents which would be required from the client's end for Bookkeeping.
*Client needs to follow the checklist and give the required document like Purchase Bills, Expense-Bills, Bank statements, etc
Processing Documents in Accounting Software
The documents would be entered into Accounting software of your choice (Xero, Quickbooks, MYOB, Saasu, Wave apps, etc ) or any such Accounting Platform.
We can store the scanned copy of the source document along with the transaction to make it easily accessible in Accounting software or related addons.
All the entries would be cross-checked and reviewed with the source documents
(I.e. Purchase Invoice/Scanned Bills etc against the Purchase/Expense transaction respectively)
Benefit: This will leave an audit trail for every transaction to be used in future.
Management reporting: We will provide Monthly Management reports in order to help them appreciate where their business is performing. We can have a standard Service Level Agreement with client in order to understand exactly what their reporting needs are.
Payables/Receivable Reporting: We can report on daily basis for the entites who wish to have their books updated regularly.
Indirect Tax returns: We are staying committed to send two weeks before the deadline for you to review. We can help you with your VAT, BAS, GST/HST, Sales Tax based upon whichever country you are in.
Year-end Financials would be reviewed and finalized for return Preparation.
Will take care of all communications with your CPA if the Tax returns are done with your local CPA.
Below is our work Methodology for Bank reconciliation FYI
Understanding the business of the client
Drafting the Chart of accounts as per the Business requirement
Finalizing the Chart of Accounts with client
Understanding the nature of Expense
Coding of Transaction
We can work on any of the AccountingSoftware of your Choice!