Our Services

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BOOKKEEPING

We make sure you never get lost in your books again. Let us absorb the entire record to report the process so you can make time for what you love.

  • Set up chart of accounts, tax codes, invoice templates, banking feed setup, vendor, create database of customer and employee details.
  • Migration of data from one accounting software to another
  • Accrual accounting, performed daily, weekly, oronce a month;
  • Real-time reporting of revenue, cost of goods sold, inventory and expenses
  • Account Reconciliation – Reconciliation of bank, credit card, Paypal and financial accounts. Daily/weekly transaction coding and monthly reconciliation of multiple bank and credit card accounts, with synced banking feed or otherwise.
  • Deferred revenue/expense tracking
  • Class and location tracking; project reporting
  • Accurate Stripe, PayPal, Amazon, Shopify and WooCommerce reporting, segregating the gross revenue, shipping, taxes, and fees
  • Accounts Payable -
    • Purchase order and invoice matching, supplier statement reconciliations
    • Payments to suppliers, employees and governmentagencies (if made authorized signatory to bank account)
    • Creditors ageing analysis
  • Accounts receivable processes –
    • Invoicing your wholesale customers, payment collection and refunding excess payment, following-up with debtors for invoice payment
    • Debtor ageing analysis
    • Credit control through automated invoice chasers
  • Monthly close and management reports –
    • Customized report tailored to your business requirements, different for businesses tracking classes, location.
    • Up to date P&L and Balance Sheets on a monthly and annual basis
    • Business performance emphasized via visual, digestible reports. ‘Look Beyond Numbers’ reports that help you understand your business better
  • CPA/ Auditor liaising– Full support on year-end close processes: directly working with the hired CPA to ensure smooth filing of tax returns. Managing communication with the CPA/ auditor, including resolution of findings, recommendations and reviews.
  • A dedicated manager available via phone, email or video conference.
  • Custom training on Xero, QBO and other awesome apps for you and your team
BOOKKEEPING

Payroll

Why take chances on one of your biggest expenses? Let us keep your payroll processes and compliances in perfect sync, assuring confidentiality of our service

  • Inducting new employees
  • Process regular and irregular pay run
  • Pay As You Earn (PAYE) registration in UK, Pay As You Go (PAYG) registration in Australia. This is for companies employing staff for the first time and other respective registrations for other countries
  • Calculation of payroll taxes and contributions
    • US: Social Security contribution, Medicare, Federal Tax, State Unemployment insurance, Federal Unemployment Tax, Federal Income Tax
    • UK: PAYE, National Insurance, Statutory maternity pay, statutory sick pay, pension contributions,
    • Australia: PAYG, Superannuation fund contribution calculation
    • Canada: Income Tax, Employment Insurance, and pension plan calculation
  • Posting payroll journals in the books and filing payroll returns and depositing payroll taxes
  • Issue pay slips
  • Import /export payroll data into Excel and/or CSV formats.
  • Summary reports of payroll
Payroll

Taxes

Prepare and file VAT, GST, Sales and Use tax returns and Corporate tax returns:

  • Computation and preparation of Corporate tax returns for the US, UK, Canada and Australia.
  • Computation and Preparation of Sales and use tax, VAT,and GST Returns
Taxes

Virtual CFO

Senior level strategic insights to drive key management and business decisions.

  • Visual reporting including revenue comparisons, cost breakups and cash flow forecasting
  • Tracking industry specific Key performance indicators (KPIs): such as shipping cost and cost of goods sold for e-commerce and drop-shipping companies, cash burn for early start-ups, receivables and inventory levels for retail businesses, or cost of customer acquisitions for SaaS companies
  • Develop internal controls, optimize processes, manage cost structures and shift risks
  • Budgeting and comparison of actual performance against budgets
  • Strategic advisory including fundraising support, deal advisory and modeling, consolidation, and other bespoke analyses
Virtual CFO
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