Book Keeping & Accountancy

Business related accounting requires an experienced team of accountants who keeps updated knowledge about changing tax laws, Accounting Standards, etc. KRS, a team of experienced accountants supervised by Chartered Accountants can manage your complete day-to-day accounting matters,On-site or Off-site, under an Outsourcing model for:

  • Day to day Accounting data entry in software Tally ERP
  • Reconciliation of Bank Accounts
  • Preparation of payment vouchers
  • Preparation of Invoices
  • Preparing ageing reports AP and AR with summary
  • Maintenance of Books and Records in soft copy and hard copy
  • Scrutiny of invoices from vendors
  • Audit co-ordination for books of accounts
  • Suggestions for internal financial controls and systems
  • MIS to Management for Budget variance
  • Annual Budget actions in co-ordination with Finance Team
  • Adjustments to year-end accounts

What Is Accounting / Book Keeping Outsourcing

Every organization requires to maintain day-to-day accounting to help them track the financial status of the business for revenues, expenses and surplus / deficit. It is also important to maintain books of accounts updated on a daily basis to get a status ‘as accurate as possible’, or else there could be an error which maylatercost dear for misjudgment.

Book-keeping related to banking is crucial for all organizations to keep a track of cash flow, and for planning business expenses on or before due dates, whether it’s tax calculation for compliances, tax payments , billing, salaries, vendor payments, debtors recovery, bank credit facility, bank EMI’s, timely investing surplus i.e. treasury, annual finalization, annual tax filings etc.

KRS Associates Accounting Team takeon your load and responsibility to keep all your accounting updated for smooth accounting, banking, tax payments, billing, recovery of dues, payroll, audits, overall tax compliance load etc.

Advantages

  • What Is Accounting / Book Keeping Outsourcing
  • Centralized Connection of Complete Data
  • Improve Accounts Payable/Accounts Receivable cycle
  • Get expert and professional tax services
  • Get Expertise Professional Skills at Low Cost
  • Save space and reduce infrastructure load in office
  • Get Chartered Accountant’s supervision time to time.
  • Get relive from managing team in-house.
  • Better controls over systems.
  • Reduce hances of internal-fraud or leakages
  • Save your precious time to focus Business Growth
  • Get rid of tax losses / penalties for accurate and timely compliances

Process Of Accounting

Offsite

Our team of experienced accountants, under the supervision of Chartered Accountants, will manage complete accounting, taxation, bookkeeping and payroll functions as if they are your ‘in-house’ team. The deliverables are via emailand internet use. Our team will get all details from your operating teams like Sales team for billing, Purchase / Procurement team for vendor payments, HR team for payroll process, Leadership team for banking / payment process, Admin team for other payments, statutory auditor for annual / periodical audits of accounting, sending Monthly MIS, Financial Statements etc. All petty cash accounting is done in close co-ordination with the local admin team. All accounting data will be on the client server or at our server, with a monthly data transfer facility. We will have dedicated an Account Manager for each client for all co-ordinations with the client and it’s team.

Offsite with Onsite

In addition to Off-site accounting process, our Expert will visit your office once a month for local co-ordination for petty cash expenses, payroll related details, and scrutiny of vendor payments with approvals of authorized officials.