With the ever emerging demands of operational and financial reporting becoming more complex, we take a step ahead to assist you with the most accurate and precise financial information presented to third party users. Thus, you can rely on upon this accurate information enabling you to make major investment decisions and other decisions relating to clients. Nowadays several companies outsource their work to other companies to save both time and money. Accounting services are time consuming and require perfection. We at Suvidha Seva Kendra offer accounting and tax services for our clients located in India. We have a business process outsourcing division that has professionals to serve the clients' requirements.

These services are structured to suit an individual client's needs and requirements. Some of the accounting services being outsourced are:

General Accounting and Bookkeeping Services - The service involves preparing and maintaining day-to-day bookkeeping and monthly or quarterly management accounts. These books are prepared as per the Indian accounting standards and can also be made as per specific client instructions.

Preparation of Financial Statements - The service involves preparing a company's annual accounts and schedules ready for the statutory annual audit.

Payroll Services - The service involves preparing monthly salaries of employees, administering commissions, calculating incentive and bonus payments, and monitoring and reimbursing staff expense accounts. Calculation of pensions and insurance is also done.

Tax planning & Returns - The service involves helping the clients make necessary periodic income tax, sales tax and other returns. It also includes helping the client make sound investment decisions and help him avail various rebates and deductions.

Creditor Payment - The service involves paying off the creditors at a chosen time and leaving the ultimate control with the management.

Debt Collection - The service involves assisting the client with the recovery of debts. Taking necessary legal action in case of defaulters.

Cash Handling and Banking Operations - The service involves assisting the client with treasury functions including the operation and monitoring of high interest deposit and current accounts.

Cash Forecasting - The service involves analyzing the cash requirements of the business and making cash forecasts for planning the future.

Advantages - Companies are outsourcing accounting services to avail the following benefits:

  • Collection, summarization, and accurate analysis of financial data
  • Correct interpretation of the company's financial position
  • Analyzing the potential risks in advance
  • Optimization of business resources and processes
  • Informed and better managerial decision making
  • Cost effectiveness
  • Time saving