Finance and Accounting
Every business is accounted in numbers for its revenue and profit or loss health. Finance and accounting helps keep a close tab on the pulse and health of the business.
- Oversight and maintenance of the general ledger
- Bank reconciliations
- Journal entries and non-salary transfers
- Monthly and year-end closings
- Time Keeping
- Salary Preparation
- Leave Encashment
- F&F Calculation
- Maintain Payroll records
- Client Assessment
- Establish business terms
- Consistent & timely invoicing
- Create clear & detailed invoices
- Keep a paper trail
- Timely payments for strong credit & business relationship
- Avoid overdue charges, penalty or late fees to be paid for the dues
- Effective invoice management by due tracking & payments
- Timely payments from customers to avoid bad debts
- Identifying reasons and solutions for delayed payments
- Review the credit rating of the customers
- Financial reports are shared in specified formats
- Generate monthly internal financial statements
- Maintain proof documents with specific checklists
