We offer bookkeeping and accounting services for all businesses. Our services include setting up charts of accounts, recording of receipts, recording invoices from suppliers, ledger maintenance, cash-flow, bank reconciliations, accounts payable, accounts receivable, payroll processing, GST/VAT Return filing and financial reporting. Our firm having pervasive experience in handling complex books and our professionals are trained in a lot of accounting software i.e. Tally ERP, Busy, Quickbooks, Xero, Zohobooks, Wave, Myob, Sage, Quicken and etc.
Charts of Accounts
The chart of accounts is a classification of all accounts used in the general ledger of a management. It is used by the accounting software to aggregate report into an entity’s financial statements. It is usually categorize in order by account number, to ease the task of locating specific accounts. Accounts are usually listed in order of their arrival in the financial statements, starting with the balance sheet and continuing with the income statement.
Bank Reconciliation
Bank reconciliation is the process when statements prepared at periodical intervals, with a view to indicate the items which cause disagreement between the balances as per the bank columns of the cash book and bank pass book on any given date.
Services we offer:
- Receive bank and credit card statements via scan or email
- Download statement directly from websites
- Reconcile balances against statements
- Highlight entries which makes difference between bank book and bank statement
Accounts Payable (AP)
It states the accounting that shows company liability to pay off an interim debit to its creditors or suppliers. It indicates on balance sheet under ongoing accountability. Accounts payable also describes a business division or administration that is culpable for making payments overdue by company to creditors or suppliers.
We offer these AP services:-
- Credit and debit notes preparation wherever required
- Preservation of records for accounts payable
- Vendor account statements preparation
- Examination of unbilled supplies, open PO commitments
- Summary provision of amounts by vendor bills
Supplier price analysis and purchase history
Accounts Receivable (AR)
Accounts Receivable (AR) is the revenue or payment which the company will receive from its customers/clients who have redeemed its goods & services on credit. Mostly, the credit period is short ranging from few days to months or in some cases maybe a year.
In today’s business world, outsourcing accounts receivable services have become popular, as cash flow is of ultimate priority in every enterprise. Generally, the business’ performance becomes more certain when collections and cash flows are timely. But companies have to assure that they acquire the maximum profit from the amount they invest on managing their receivables. MPA provide accounts receivable outsourcing services that improve compilation, along with the company’s lifecycle from order to cash.
Our accounts receivable exertion is in conformity with the best proceedings and delivers persistent analysis, automation, reporting, improved intelligence and flexibility.
We offer these AR services:-
- Preparation of bills
- Managing receivable transactions into accounting system
- Recording and account for revenue
- Delivering of credit memos and refund checks sanctioned by clients
- Maintaining subsidiary receivables ledgers
- Preparing and conveying periodic statements
- Bringing out process modification approved by client
- AR deductions management services
- Managing AR reports