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Chartered Accountants in Bangalore

Why Outsource Accounting & Payroll Services?

For Small businesses, hiring a full-time accountant could be a costly affair. Also, having a junior inexperienced accountant comes with a risk of not being compliant with all statutory requirement, finding a replacement in case of resignation of an accountant is a troublesome task. Junior accountant will find it difficult to support on higher end tasks like tax planning, structuring employee pay package, meeting investor requirements, Meeting bank document requirements, input on taxation and other laws etc. A smaller business also may not have enough work to keep an accountant engaged full time.

ADCA provides Accounting and Compliance Services, which includes the following:

Accounting/ Bookkeeping:

We do Daily, Monthly, Quarterly Bookkeeping Services depending on the size, volume, and nature of company’s business activity and as per the client requirements. We provide both on-site and off-site accounting services. We support the cloud as well as desktop-based accounting software.

Accounting Services include:

  • Raising of Invoices and Accounting for Invoices raised and receipts from Customers.
  • Verification of Vendor Bills and its payment after obtaining approvals after making necessary deductions.
  • Accounting for all the expenses, Purchase of assets, Monthly Payments, etc.
  • Bank reconciliations
  • Preparation of Monthly Management Information System Report.
  • Budgeting and Cost vs Budget analysis and reporting.
  • Preparing Financial Statements as per Indian GAAP.

Tax compliance

Compliance with Tax law is a very important aspect of the Finance Department. We keep ourselves constantly updated with the changes in tax laws and give the highest priority to comply with all the filing requirements within the relevant due dates and provide expert advice on tax matters.

Services include:

Income Tax

  • Computation of Monthly TDS and remittance.
  • Preparation and filing of Quarterly e-TDS returns of the Company and sharing TDS Certificates with vendors.
  • Estimation of Advance Tax of the Company and remittance of the same.
  • Consultancy services on matters concerning Income Tax of the Company.

GST :

  • Computation of Monthly GST liability and remittance.
  • Filing of Monthly & Quarterly, Annual GST Returns of the Company.
  • Application for GST Refund and Co-ordination with Department
  • Consultancy services on matters concerning the GST Tax of the Company.

Professional Tax

  • Payment of Monthly PT and filing of Monthly return
  • Preparation and filing of Annual return
  • Payment and filing of Annual PT for the Company

Payroll processing

Processing of payroll has a very important finance function due to the tax compliance involved in the processing of payroll.

Payroll processing includes:

  • Obtaining Income Tax Declaration Forms from employees.
  • Advising on the Structuring CTC.
  • Preparation of Monthly Pay Roll register and advice to the Company for the amount to be paid, and execution of payment, Payslip generation.
  • Advising employees on uploading / Collection of Investment proofs on Annual basis and verification of investment proofs.
  • Clarifying employee on the tax matters.
  • Preparation and filing of Quarterly e-TDS returns for the employees of the Company.
  • Generation of Form 16 of the employees of the Company on an annual basis.

Company law & Labour law compliance

There are various registers to be maintained and various filings that are required to be done under the company law. Also companies need to do various compliance under the Labour Laws.

Services includes:

Company Law

  • Preparation of minutes of Board Meeting and General Meetings
  • Preparation and filing of ROC Annual Returns.

Labour Law

  • Preparation and Filing of PF & ESI returns and other forms with PF Department on any queries.
  • Preparation and filing of returns and forms under other applicable labour laws
  • Maintenance of various registers under the various labour laws

Finalization of statutory accounts

We have well defined process to systematically move your bookkeeping records into accounting software to proceed with finalization of statutory year end accounts, needless to worry about what software you use for book-keeping or whether cash book is maintained in spreadsheet or in physical books.

Finalization of Accounts includes:

  • The balance in accounts matches with the supporting documents and duly reconciled
  • Rectification of error in expense and other incorrect postings by your book-keeper or in cashbook
  • Reports – Trial Balance, General ledger, Transaction list, Finalizing entries, Journal entries, Financial statement, Corporation tax
  • Co-ordination with Auditor towards completion of Audit under companies Act, Income Tax Audit & Transfer Pricing Audit.

SOFTWARE WE USE

Accounting softwares:

Tally, SAP, Quickbooks, Sage, Zoho Books,

Paryoll Softwares:

GreytHR, Saral, Sagpayroll.

Have Any Question ? We Can Help You..

Email us at - info@adca.in