Accounts Outsourcing in Kolkata - Overview

Book-Keeping: Our book keeping services aims at cost effectiveness and cost management for our clients. An expert team of accounting professionals have been designated to cater to the customer's requirements and problems.

Some of the bookkeeping services that we offer include:

• AR/AP service
• Bank account reconciliation
• Invoice Processing
• Manual Journal Entry
• General ledger maintenance
• Expenses ledger maintenance
• Preparation of reports & summaries
• Preparation of Financial Statements (Balance Sheet)
• Trial balance services
• Preparation of income statements (Profit & Loss)

Outsourcing: Tax Seva Kendra provides highly professional and qualified CA, CS for accounts related matters to our clients in order to support them in performing several non-core Financial & Audit activities in a systematic, effective and efficient manner. Some of our critical outsourcing assignments includes manpower recruitment, supplying agency's services for various processes such as accounting processes and much more.

Outsourcing aims at:

• Reducing labour costs
• Reducing regulations and compliances
• Focusing on core competencies
• Reducing overhead costs
• Promoting flexibility of business and activities

Cost Effective:
Outsourcing your accounts is less expensive than hiring someone in-house. It saves you the time and money required to recruit and train, and also saves your money from paying payroll taxes, salary, insurance, benefits, time-off etc.

Drive core business operations:
Hiring an internal accountant won’t necessarily increase your revenue. Outsourcing your accounts enables you to put money into activities that will increase the revenue like creating a website, inventory building, hiring staff in sales departments, improving current products, etc.

Use an Efficient Software:
A standard software can handle your core or basic financials, but a great and efficient software is a solution to more complex functions like revenue recognition, inventory management, and project accounting, as well as connect to business applications you already use.

Expert and Experienced Accountants:
Outsourcing to an accounting firm gives you access to the team of Accountants who are qualified and knowledgeable. They are trained, experienced and can help you understand your finances better, guide you regarding accounting matters. There are several aspects of accounts and finance and these two form the core of your business. Thus, it is very important to take help from an expert in this regard.

Access to Credible Data
Finance is the backbone of your business decisions and in the management as well. The finance department is one of core a company. It is a pivotal part. There are several complexities in accounting and you need everything to be accurate and be available in its true form. It is through the help of financial statements that a company knows about its profit or loss. When you outsource your accounts, you are assured of efficacy and accuracy of reports and data.

Prevent Fraud
If most of the business’ accounting functions are in the hands of many people, the business is at a greater risk of experiencing forgery and fraud. Outsourcing your accounts to a third-party reduces this risk and promotes for greater internal control. The accounting professionals will be able to identify problems – flagging errors and informing you of any inconsistencies and guide you through the same.