It is common for Chartered Accountancy firms of any size to find bookkeeping tasks highly time consuming and tedious. In fact undertaking such non-core financial services usually lead to low profitability and frustration. The ideal model to accelerate growth is by focussing completely on key business areas like consultancy services and business expansion. Services like bookkeeping must be offered as an additional service to the end customers. The next question that arises is how this can be done?
Initor has the perfect solution for you. With more than a decade of experience in this domain, we have structured easy and convenient accounting and bookkeeping services which are suitable for firms of any size. We are completely aware of the needs of accounting firms. Our bookkeeping services will surely relieve you from the hassles of bookkeeping. We have a team of experts who can handle bookkeeping tasks of any magnitude or complexity.
With our premium bookkeeping services we can be your end to end outsourcing partner to upscale your business to the next level. Our proficient bookkeeping services include:
We keep a track of all the financial transactions like banking, cash or credit card regularly. This is to ensure that your books are updated on a daily/weekly basis.
Bank and credit card reconciliation includes recording all financial transactions and offering bank statement reconciliation of all entries. We match vendor invoice with your ledger, journal entries and sequencing of checks. We also review the checks deposited, issued, cleared and cancelled.
We assist you to effectively organize and manage supplier bills. We also supervise aspects like invoice imaging and storing, approval, expense allocation, online payment approval and more.
We help in allocation of payments to suppliers in accordance with your credit terms..
We assist in managing the payments which are pending from the customers. We also offer order management, customer billing, customer aging and more.
We prepare detailed aged debtors report which not only denotes the total payments that are due but also has structure of receiving payments.
We create aged creditors report which includes details of payments due to suppliers and by what period they need to be done. It also includes the refunds that are due from the suppliers.
We believe that you must go beyond analysing just Profit & Loss Account or Balance Sheets. What we offer is the ability to take strategic business decisions by analysing real time Financial Operational Reports and Management Accounts Reports.
We will also be providing you with various managerial reports on monthly basis which will help you in critical financial decisions.