Vikash Kabra & Co. | Bookkeeping | Chartered Accountants Firm In Kolkata, WEST BENGAL, INDIA, UAE, DUBAI

Bookkeeping

Bookkeeping is an important process in any organization and part of financial data management system.

We help you by providing the following services:

General ledger maintenance.
Assets / equipment ledger maintenance.
Expenses ledger maintenance.
Accounts Receivable Services.
Preparing accounts receivable reports.
Accounts Payable Services.
Preparing accounts payable reports.
Preparing ageing reports & summaries.
Bank Account Reconciliation Services.
Credit card reconciliation services.
Preparing financial statements.
Trial balance services.
Preparing income statements. (Profit & Loss)
Balance sheet services.
Invoicing processing services.
Preparing sales reports.
Preparing purchase reports.
Cash flow statement.
Entry of transactions.
Manual Journal Entry Services.
Inventory services.
Accounting setup services.

Our services are rendered to the clients in the following manner:

Daily

Record Sales Invoices.
Record Customer Payments.
Record Vendor Invoices.
Record Vendor, Debit Card Transactions, Pay Pal & EFT Payments.

Weekly

Weekly Accounts Receivable/Payable Aging Report.
Record Payroll / Payroll Taxes / Payroll Fees.
Track Employee Advances.

Monthly

Record Bank Deposits.
Record Checks Disbursed.
Record Credit Card Transactions.
Record Bank Charges.
Prepare Bank Reconciliation.
Prepare Credit Card Reconciliation.

Financial Reports

Balance Sheet.
Profit and Loss Statement – Month.
Profit and Loss Statement – Year-to-Date.
Cash Flow Statement.
Accounts Receivable Aging.
Accounts Payable Aging.
General Ledger.
Bank Reconciliation Report.
Credit Card Reconciliation Report.

Apart from all the standard bookkeeping services, we also offer the following services:

Each month or quarter we will do the following things for you.

Reconcile your bank account.
Generate an income statement.
Generate a balance sheet.
Clean up your general ledger.

a) Bank Reconciliation :
Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.

Having us reconcile your account each month allows you to.
Identify lost checks, lost deposits and unauthorized wire transactions.
Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
Detect and prevent embezzlement of funds from within your company.
Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

b) Income Statement :
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period. An income statement allows you to.
Track revenues and expenses so that you can determine the operating performance of your business.
Determine what areas of your business are over-budget or under-budget.
Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
Track dramatic increases in product returns or cost of goods sold as a percentage of sales.

c) Balance Sheet :
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time. A balance sheet helps you.
Quickly get a handle on the financial strength and capabilities of your business.
Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
Determine if your business is in a position to expand.
Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?
Determine if your business has been slowing down payables to forestall an inevitable cash shortage?
Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

d) Maintaining a Clean General Ledger :
The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.
Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Bookkeeping

Bookkeeping

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