Book keeping is an art of identifying, approving, sorting and recording company’s financial transactions in a custom that they can be retrieved and presented higher management reporting.
At ABS our bookkeeping services aims at cost reduction and cost management for our clients. A specialized team of accounting professionals have been designated to cater customer’s requirements and processes.
Accounts Payable
- Frontend invoice receiving
- verification
- single point of contact for vendor queries
- invoice scanning , accounting of invoice
- TDS and WCT Deduction and analyze creditor ageing.
Accounts Receivable
- Credit Control policy setup
- Invoice dispatch and submission services.
- Collection enablement services i.e
(i) Customer reconciliation
(ii) Default and collection focused services
(iii) Call to collect services(iv)Field recovery services
(iv) Collection accounting/ cash application services .
Fixed Asset Verification and Valuation
- Valuation of Fixed Asset and life of fixed assets. Depreciation on Fixed Assets as per Company ‘s ACT 2013. Physical Verification of Fixed Assets.
Business Entity Incorporation and Setup
- Company Incorporation
- Registrations: Service tax Registration
- VAT Registration, Excise Registration, Import export Code, PF, ESIC, Shops and Establishment and Property Tax.
Statutory Filing and Compliance
Preparation of computation of tax liability and filing of service tax return, VAT Return, Income Tax return, TDS return, TDS Certificates and Issue of various forms under various ACT
- Attending to Tax Department queries/notices & handling of assessment/audit- Representing” or “consultancy for representing” before the assessing authorities for expeditious and timely completion of Scrutiny Assessments
- 15CA and 15CB Compliances
- More Importantly GST Registration and its Compliances
- Reconciliations:
(i) Vendor Reconciliation
(ii) Customer Reconciliation
(iii) Inter-Company Reconciliation
(iv) Inventory Reconciliation
(v) Data Matching.
Advance Tax Computation
Book Keeping
- Bookkeeping and Accounting
- Finalization of financial statement
- Cash flow statement reporting
- Documentation
- Budgeting
- Audit support
