Accounting Outsourcing Services

Khandhar Mehta and Shah

Accounting Outsourcing Services

Accounting is a key and critical process for any business.

Accounting and financing, if done well, leads to a strong foundation for the business that can further the growth. However, sometimes, businesses find it difficult to give the same attention to the accounting function as the other core business functions. This is where you can hire accounting outsourcing service providers such as KMS to take care of the accounting services for your business.

What is outsourced accounting?

Outsourced accounting services mean the provision of all the services handled by a full accounting department. The outsourced accounting services include dad-to-day entries, payroll management, accounts payable, accounts receivable, bank reconciliation, tax preparation and related services, financial reporting, and audits.

Khandhar Mehta and Shah
for a journey beyond excellence.
knowledge. Experience.  Teamwork.

Being one of the top CA firms in Ahmedabad, we always focus on giving our clients the best in class services that reflect our values and vision of transparency, flawless, and professional work. Visit our CA website to understand and know more about our services and our company. Choose us for your business as the best deserves the best.

Benefits of outsourced accounting

The main aim behind outsourcing any non-core business process is to reduce costs, achieve more efficiency, and save time. Businesses outsource accounting services for the same reasons. The key benefits that businesses achieve with accounts outsourcing are:

Outsourced business accounting services

Our range of accounting services includes:

01

Bookkeeping services

We have a team of accounting professionals who have the expertise to handle the day-to-day accounting tasks for your business. Our bookkeeping services include setting up accounts, billing for sales, recording receipts of money from customers, making entries for bank details, making payments to suppliers, recording invoices from vendors, and month-end and year-end closing of accounts.

02

Payroll processing

We make sure that your employees are paid accurately every month-end at the right time. Our payroll processing services include administering pays and salaries, check processing and delivery, preparing payroll reports, managing the timesheets and attendance system, checking the applicable deductions, filing and preparing payroll tax returns, preparing annual payroll tax reports, assessing insurance benefits for employees, and ensuring payroll compliance.

02

Payroll processing

We make sure that your employees are paid accurately every month-end at the right time. Our payroll processing services include administering pays and salaries, check processing and delivery, preparing payroll reports, managing the timesheets and attendance system, checking the applicable deductions, filing and preparing payroll tax returns, preparing annual payroll tax reports, assessing insurance benefits for employees, and ensuring payroll compliance.

03

Accounts payable

It is important to keep track of accounts payable since any issue in this may affect your relationships with vendors. Therefore, we support our clients in various accounts payable services such as processing the purchase orders, matching them with invoices, and handling everything related to pricing information, debit memos, monthly accounts payable ledger, and disbursement.

Accounts receivable-8
04

Accounts receivable

Customers are the most critical aspect of any business since they generate revenues and lead to profits for businesses. Our accounts receivable services include managing the sales orders, converting sales orders to invoices, matching invoices with the payments made by customers, verifying the invoice receipt, processing credit memos, monitoring the credits, monthly accounts receivable ledger reconciliation, and many others.

Accounts receivable-8
04

Accounts receivable

Customers are the most critical aspect of any business since they generate revenues and lead to profits for businesses. Our accounts receivable services include managing the sales orders, converting sales orders to invoices, matching invoices with the payments made by customers, verifying the invoice receipt, processing credit memos, monitoring the credits, monthly accounts receivable ledger reconciliation, and many others.

05

Tax preparation and filing

We also have a separate tax team that is adept at handling all tax-related activities of businesses. We help your prepare your tax returns, file them, and also conduct tax planning meetings. We also conduct quarterly and annual tax planning meetings with the senior management of our clients to contribute to planning for the next year.

06

Bank reconciliation

It is essential to have a clear view and knowledge of your business’s cash position because, based on that, you make key decisions. We carry out bank reconciliation to check if the balance as per books of accounts tallies with the balance as per the bank statement.

06

Bank reconciliation

It is essential to have a clear view and knowledge of your business’s cash position because, based on that, you make key decisions. We carry out bank reconciliation to check if the balance as per books of accounts tallies with the balance as per the bank statement.

07

Financial reporting and analysis

Our outsourced accounting services are just not limited to accounting activities; we also help you strategically. Specifically, we help you in the preparation of financial statements such as balance sheets, income statements, cash flow statements, bank reconciliation reports, and detailed reports on general ledgers. All these reports and an additional insightful analysis with it from our esteemed financial advisors enhance your decision-making that can take your business productivity a step higher.

Key Differentiators:

We are a trustworthy business accounting services provider who becomes your internal accounting department while operating externally so that we can monitor and manage all your accounting activities and transactions that can lead to business results.
We make it easier for you to understand your numbers and draw insights because we believe in extending our outsourcing accounting services to include frequent consultations with your management on strategic and financial plans for the future, train your employees on a better understanding of numbers, and help you measure your goals.
Our in-house team of expert accountants and bookkeepers have deep knowledge of the accounting concepts and have experience in handling accounting of multiple industries, which they use to study your business, develop an accounting methodology, and integrate the processes and practices with your operations.
We bring you all the benefits of outsourced accounting services such as reduced costs, skilled expertise, higher efficiency, better management of finances, staffing flexibility, and seasonal requirements management.
We employ a customized, results-driven methodology for our outsourced accounting services to deliver flexible, up-to-date, accurate, and timely services that can create a positive impact on your cash flow and a rise in your productivity.
The combination of our technical competence, business domain knowledge, results-oriented methodology, and committed accountants and business advisors ensures accounting services beyond your expectations that can deliver the best results for you.
If you intend to shift from your existing accounting solution to our outsourced accounting services, we make your transition smoother with a dedicated manager to handle the transition, implementation of our services, end-user training, preparation of related documentation, and other support services.

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frequently asked questions(faqs)

The cost of outsourced accounting services depends on the company’s industry vertical, the number of activities required, and the complexity of operations. We discuss our rates in our first meeting after understanding your requirements.
Depending on the size of your business, your list of requirements in terms of accounting services, and the complexity of operations, we put up a dedicated individual or team to handle all the required tasks of accounting for your business.
Yes, we have the experience to handle the accounting, audit, and taxation operations for small businesses and large enterprises from any industry vertical. Our CAs, CPAs, accountants, financial advisors, taxation experts, and consultants have the necessary experience and knowledge in every task under accounting services.