Accountancy Basic Level Services For Your Business:

It is a fact that the accounting services considered as the crucial for the SME’s, especially when operating in a competitive environment. These accounting services help to keep all the financial matters in a check, which is absolutely beneficial for your business.

Whether you have a big or small business, you must have to pay very special focus to the accounting and finance department. If the accounting department of the company gives an accurate performance, then it significantly helps the businesses to thrive. Without the proper accounting and financial services, your business is at the peril of destruction.

There are several credible IT companies, such as Vital Aims, that are offering professional accountancy services to the large and small business across the globe. These companies offered different accountancy services to its customers everything from payroll to tax.

One of the most basic accounting service that such IT companies offered is bookkeeping. Bookkeeping is usually proceeds by the junior level accountants, including the receivable, bank reconciliations, ledger entries, monthly taxes and financial statements. Bookkeeping can easily serve the purpose of small, medium and large businesses.

The next thing the companies seek from such accounting services is auditing. Auditing is basically an accounting service that involves the overall check of the financial structure of any company or business. This services helps to find discrepancies in fraud, missing funds, tax evasion and embezzlement.

Accountancy Basic Level Services For Your Business:

1. Auditing
2. Bookkeeping
3. Break-even Analysis
4. Cash-flow Forecasting
5. Budget-to-Actual Reporting
6. Debt Planning and Reduction
7. Labor Cost Management
8. Fixed vs Variable Expense Reporting
9. Ledger entries
10. Bank reconciliations
11. Monthly taxes and financial statements
12. Accounts Payable
13. General ledger maintenance
14. Inventory Reconciliation
15. Deferred Tax Computation & Working
16. Financial statement preparation
17. Budgeting
18. Payroll processing
19. Trial Balance Sheet preparation
20. Custom reports