firm provide varied degree of services ranging from payroll to collecting account receivable to calculating taxes to accounting process. In today’s cut throat competition, Entrepreneurs and small-business owners wear a lot of hats, but hiring an accounting services firm can ease some of the load and allow more time to focus on core business strategies. Main benefit of using an accounting firm is that the cost of services is often less than hiring an employee.
To cut down the business cost, many companies are outsourcing their accounting services requirement to experience firm. There are many firm offering accounting service providing different services based on clients requirement but we are proud to day that we are one of the most valued and trusted accounting services in India.
An outsourcing partner can deliver superior results and minimize costs, while allowing you to focus on strengthening your focus business areas. We offer a wide range of accounting services to ensure that you have tax-ready financial statements when you need them the most. By choosing us as your bookkeeping partner, you avail paper free bookkeeping and accounting solutions professionally delivered with utmost security and confidentiality in the shortest turnaround time. We believes in understanding client’s requirements and developing solutions as per their requirements so as to cut down the cost part.
We cater to the accounting needs of global clients by offering a comprehensive range of services, which includes –
Accounting and Bookkeeping Services
Preparation and maintenance of daily, monthly and quarterly accounts using our expertise software to ensure correctness of data and faster results.
Preparation of Financial Statements
Preparation of annual accounts for annual audit. Our services offer financial reports, financial statement preparation sales order management, order processing, cash forecasting, asset management, budgeting.
Preparing and maintaining salary statements of employees, calculation of bonus payments, and administering of commissions. We offer payroll accounting services to firms of all sizes, and ensure that you never miss a tax compliance deadline once you outsource payroll processing / payroll administration services .
Debt Collection Services
Providing assistant in recovery of debt and taking necessary legal action.
Our expertise in particular area can help you in any of e accounting functions.
Advantages of outsourcing to Vishalkco Consultancy:-
· Setting Up Chart of Accounts
· Billing for goods sold or services
· Recording receipts from customers
· Verifying and recording invoices from suppliers
· Allocating the account entries
· Month-end or year-end closing
· Bank Reconciliation Statement
· Stock Summary Statement
· Balance Sheet Preparation
· Income Statement
· Cash Flow Statement
· Bank Reconciliation Report
· Detail General Ledger Report
· Fixed Asset Management
· Financial Reporting and Analysis
· Forecast Projection
· Accounts Payable/ Receivables
· Accounts Reconciliation
· Month, quarterly and year-end closings
· Balance sheet reconciliation
· Payroll setup
· Monthly MIS Report
Vishalkco Consultancy has established itself as an industry leader.
We are equipped with state of art tools and techniques along with dedicated professionals to evaluate potential opportunities and risks delivering effective auditing & assurance services. We understand a value adding auditing and assurance service focus on scope of business improvement rather than merely preparing financial statements and reporting on figures. We have a very strong assurance system in place, the policies adopted in this respect include involvement of an additional partner as quality control reviewer in every major audit, dedicated team for specified sector, specialized training courses, engagement quality assurance review programs and a formalized consultative framework. We bring, to every aspect of our service, the highest levels of commitment, professionalism, energy and enthusiasm.
Conducting customised audit for clients and highlighting deviations from laid-down procedures and systems.
Enterprise Risk Assessment and Management
Reviewing pan-enterprise functionality and associated risks to evolve mitigation measures.
System for sensitive and defined areas in companies, leading to an independent check and control over each key process, such as purchases, sales, payments, among others.
As well as financial audit services, we provide a range of additional assurance services relating to organizations' financial control, regulatory reporting, shareholder value, and technology needs.
Regulatory compliance and reporting
Corporate reporting improvement
Independent controls & systems process assurance
Internal Control Review
Risk Assessment and Management
Our auditors provide authentic services of audit and assurance through:
1. Helps To Detect And Prevent Errors And Frauds
An examiner’s principle obligation is to recognize blunders and cheats, anticipating such mistakes and fakes and taking consideration to maintain a strategic distance from such fakes. Therefore, despite the fact that all associations don’t have impulse to review, they make review of the considerable number of books of records.
2. Helps To Maintain Account Regularly
An examiner brings up issues if accounts are not looked after legitimately. In this way, review gives moral weight on keeping up accounts consistently.
3. Helps To Get Compensation
On the off chance that there is any misfortune in the property of business, insurance agency gives pay based on evaluated proclamation of valuation made by the inspector. In this way, it gets pay.
4. Helps To Obtain Loan
Uniquely money related organizations give credit based on reviewed proclamations. A business association may get advance considering the examined explanation of most recent five years. In this way, an association should make review necessary to get advance.
5. Review Facilitates The Sale Of Business
Valuation of advantages is made by the reviewer. Based on valuation of advantages and liabilities, specialist can offer his business. It decides the cost of business.
6. Helps To Assess Tax
Duty expert’s survey assesses based on benefit ascertained by the inspector. Similarly deals impose specialist figures deals charge based on deals appeared in the reviewed proclamation.
7. Facilitates To Compare
A reviewer teaches a bookkeeper similarly which thinks about books of records of current year with the bookkeeping of the earlier year. In this way, contrasting the records of present and earlier years recognizes mistakes and cheats.