Global-Accounting

We provide online bookkeeping services to various big and small business houses. We have an expert team of accounting and finance professional to manage your financial books and accounts efficiently and effectively. You can now focus more on the work you are the best at and we will take care of the online bookkeeping services end-to-end. We provide the entire gamut of accounting and bookkeeping outsourcing solutions which includes from quote to order,order to cash, procure to pay,and record to report.

General Accounting and bookkeeping processes (using cloud based applications)

* Creating and updating Chart of Accounts
* Updating transactions/ inserting sales invoice/ purchase bills/ inserting bank entries
* Maintain ledger accounts
* Generating trial balance and closing accounts
* Bank and account reconciliation
* Preparation of financial statements
* Expertise in the following applications: QuickBooks, Xero, Sage, Zoho, Waveapps, KashFlow, Tally, FreshBooks

Fixed Asset and capital accounting processes

* Compute depreciation tables and schedules and record depreciation
* Account for write-offs and valuation adjustments
* Maintain work in progress accounts
* Reconcile fixed asset accounts and ledger entries

Cost and Inventory Accounting processes

* Maintain inventory records
* Develop and update costs
* Perform variance analysis

Creating and maintaining Employee Profiles on the Payroll system.

* Managing time and attendance.
* Processing of Weekly/Bi-monthly/Monthly Payroll from time sheet.
* Calculation of Net Pay Checks.
* Calculation of Federal/ State taxes for Employer and Employee.
* Payroll Journal and Payroll Summary sheet.
* Monthly/ Quarterly/ Yearly Returns.

Financial Reporting and Data processing

* Prepare Monthly, Quarterly and Annual Management reports
* Performance tracking of key business initiatives
* Business and Financial News abstraction services