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Limiting operations to areasof expertise and outsourcing other support services allows you to derive maximum benefits, and concentrate on strategic goals.
Your biggest gain from outsourcing accounting support services will be availability of the best and the brightest accounting talent, at scaled down costs. You thus get to enjoy the expert and experienced services, without investing resources in hiring, training and retention .
GKM provides support on bookkeeping, payroll processing, accounts finalization, bank reconciliations, financial consolidations, tax preparation and follow up.
Here is a list of issues most commonly faced by companies relative to their accounting operations and here’s how GKM helps address them in the most cost effective and quality assured manner:
- Delay in vendor payments – complete scrutiny of agreements and SLAs, and processing of payments on time
- Up-to-date status of pending payments – improving relations between the front-end and accounts teams
- Erroneous deduction of TDS on vendor payments – complete study of available & applicable tax credits, and implementation
- On-time preparation of financial reports ensuring ease of access to management
How GKM can help:
- Comprehensive bookkeeping & accounts processing using Tally, QuickBooks, SAP among others.
- Periodic review and finalization of accounts and financial statements including IFRS statements
- Monthly management accounts and quarterly VAT / GST returns
- Maintenance of accounting records per IGAAP
- Accounts Payable & Accounts Receivable Management
- Compilation of Fixed Assets Register, maintenance, and Fixed Assets accounting
- Purchase payment processing
- Sales invoice processing
- Travel claims management
- Preparation of MIS for local and global reporting as per the agreed formats/templates
- Preparation of annual statutory financial statements as per IGAAP, including tax audit
- Annual statutory and tax audit support
GKM can also support organizations by deputing appropriate personnel based on specific needsto meet some certain immediate requirements.
Reach out to us to discuss on your questions regarding NRI taxation, business setup in India / USA, GST returns filing, transfer pricing or any other questions.
To discuss further,
#141, Alagesan Road, Saibaba Colony,
Coimbatore - 641 011
Have a query? Write to us.
Have an inquiry? Schedule a call with a member of the GKM helpdesk
for a free initial consultation.