What kind of services is provided under bookkeeping?

Bookkeeping provides expense management, money-in/revenue reconciliation, bill payments, and payroll services.

What should be included in my profit/loss sheet?

It includes items namely revenue, cost of goods sold, cost of labour and operating expenses.

Do I need a bookkeeper if I have an accountant?

Yes, you will need separate bookkeeper because both perform different tasks of the business. Bookkeepers plays role for on-going maintenance of their clients’ general ledgers. Accountants use the accurate and up-to-date general ledger maintained by the bookkeeper to provide advisory services, such as: • Analysing the company’s financial data • Preparing income tax returns

Onfiling - Start a business, GST Services, Income Tax, Company Registration & Trademarks (2020)

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Cloud-Based Accounting

At Onfiling, you will experience a cloud-based feature at reasonable pricing and remote access facilities. This feature will create a paperless document environment, minimal technological cost, and remote access.

Accounting Supervision and Review

Our team of professionals will supervise day-to-day books of accounts and review all details maintained by the client and give opinions and suggestions to improve the internal control process of an organization.

Data Entry

Through our latest technology, we can easily manage a high volume of data entry with accuracy at affordable pricing. we help our clients with data entry in their customized accounting software through remote or online access.

Budgeting and Forecasting

It is the normal course for any business, that they face unexpected challenges due to changing environment. Hence it becomes important to regularly analyze variance and to provide support in fund management for the improvement of the business.

System Migration and Training

Is your accounting system properly planned and managed? We help to accounts setup in a systematic way to improve day-to-day business process. Also, we help in ERP migration and train your team members for better utilization of accounting software.

Management Information System

Structured MIS reports helps in management & operational control, transaction processing, and strategic planning. When organizations check in the data they can easily get the answers to queries pertaining to the transaction, details of documents, the status of a particular record.

Receivables Management

Receivables and payables management is important for all businesses as you need to maintain a record of what you owe a supplier, what you have sold, and what your customer owes you. So to manage the same we help in the following:

End to end accounting

We handle end-to-end accounting starting from day-to-day transactions handling, banking transactions management to the closing of books. We follow strict SOPs to give timely, accurately & complete management of accounts with improved internal control.

Reconciliation

Reconciliation will help you in identifying the odd-one-out transactions which may come into the picture due to some fraud or accounting errors. In this process, your internal financial records are compared with banking transactions so that discrepancies in data can be discovered.

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