Book Keeping

Bookkeeping is the process of recording your company’s financial transactions into organised accounts on a daily basis. For a number of reasons, bookkeeping is an important aspect of your accounting process. Companies can track all information on their books and make key operating, investment, and financing choices with proper bookkeeping.

Financial Accounting

Plain and simple, our scalable Accounting solution removes the burden of staffing and managing in-house bookkeepers, accountants, and controllers. We deliver a level of reliability, and consistency as well as get more insights on business as we work on a day to day business activities. We are an expert in Tax Accounting.

Importance of Bookkeeping

Proper bookkeeping delivers a reliable measure of a company’s performance
It also serves as a guide for making general strategic decisions and a benchmark for the company’s revenue and profit targets
In short, once a company is up and operating, it is necessary to devote more time and resources to preserving accurate records
Due to the high cost of full-time accountants, many small businesses do not hire them
Small businesses, on the other hand, are more likely to hire a bookkeeper or outsource the task to a professional agency
One thing to keep in mind is that many people who want to start a new business forget the necessity of things like keeping track of every penny spent
It also helps in detecting frauds or bank errors.

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FAS

  • Accounts Receivable
  • Accounts Payable
  • Banks and Credit Card Reconciliation
  • Month on Month Financials statements Preparation and review & reporting
  • Preparations of cash flow Projections, Budget Plans
  • Trial Balance
  • General Ledger
  • Preparation of P&L on a Monthly Basis
  • Preparation of Balance Sheet on a Monthly Basis
  • Preparation of Cash to P&L on a Monthly Basis
  • Preparation of Revenue Report and A/R Aging Detail & summary
  • Preparation of expenditure Report and A/P Aging Detail
  • Projecting Revenue and expenditure in excel on a Monthly Basis
  • Tax Reporting

Biyabani International Solutions

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