Bookkeeping Service - An Overview

Expert Bookkeeping & Accounting Outsourcing Services in Delhi NCR

For businesses in Delhi NCR, including Faridabad, Noida & Gurugram maintaining accurate and up-to-date financial records is crucial for informed decision-making, compliance, and sustainable growth. At Trustra Advisory, we offer comprehensive Bookkeeping and Accounting Outsourcing services designed to streamline your financial operations, reduce costs, and allow you to focus on your core business activities.

Our specialised team of accounting professionals is dedicated to providing tailored solutions that meet your unique requirements and processes. We leverage our expertise and industry-leading software to ensure accuracy, efficiency, and compliance with all applicable Indian rules and regulations.

Our Comprehensive Bookkeeping Services

Our bookkeeping services are designed to alleviate the burden of daily transaction recording and financial administration. We aim at cost reduction and effective cost management for our clients. Some of the key bookkeeping services we offer include:

• Accounts Receivable (AR) and Accounts Payable (AP) management
• Bank account reconciliation
• Processing of invoices
• Recording of manual journal entries
• Maintenance of General Ledger and Expenses Ledger
• Preparation of ageing reports and summaries
• Preparation of financial statements
• Trial balance preparation
• Preparation of Income Statements (Profit & Loss)

Accounting & Bookkeeping Outsourcing: A Strategic Advantage

Outsourcing your accounting and bookkeeping functions to Trustra Advisory provides access to highly professional and qualified human resources without the overheads of an in-house department. This strategic move supports your business by systematically and efficiently handling non-core financial and audit activities.

Outsourcing aims at:

• Lowering labor costs
• Lessening regulatory burdens associated with in-house staff
• Allowing your team to focus on core competencies
• Reducing overhead expenses
• Promoting business flexibility

We offer flexible service arrangements (weekly, bi-weekly, monthly, quarterly, or yearly) to align with your specific needs. Our services cover all aspects of maintaining your books of accounts.

What's Included in Our Package?

Our standard bookkeeping and accounting packages are designed for comprehensive coverage:

• Setting up your book structure
• Reconciling your debtors and creditors
• Reconciling your bank accounts
• Reconciling your related party transactions
• Checking tax compliance and assisting with tax computation

Documents Required for Bookkeeping and Outsourcing

To ensure a seamless process, please provide the following documents:

• All receipts and payment backups
• Relevant tax filing documents
• Bank statements and Credit card statements

The Difference Between Bookkeeping and Accounting

While often used interchangeably, bookkeeping and accounting are distinct yet interconnected processes.

• Bookkeeping: This is the foundational process of recording, in chronological order, the daily financial transactions of a business entity. It forms the basis of the accounting information system.
• Accounting: This is a broader information system that includes the process of recording, classifying, summarizing, reporting, analyzing, and interpreting the financial condition and performance of a business. The goal is to communicate this information to stakeholders for informed business decision-making.

Our professional team, comprising CAs, experienced accountants, and administrative staff, is equipped to handle your entire financial process, from basic data entry to more complex financial reporting and analysis.

Apparent Benefits of Outsourced Bookkeeping Services

Outsourcing your bookkeeping offers numerous advantages:

• Economical: Significant cost savings compared to maintaining an in-house accounting department.
• Simultaneous Tax Compliances: Ensures timely and accurate tax calculations and filings (e.g., GST/TDS).
• Periodical Availability of Reports: Provides regular access to various financial reports for analysis and decision-making.
• Infrastructure Cost Benefit: Eliminates the need for investing in accounting software and infrastructure.
• Great Assistance to Statutory Audit: Provides well-maintained records that simplify the audit process.
• Authenticated Financial Reports: Delivers reliable and accurate financial statements.

Our Software Expertise

We are proficient in using a wide range of commonly used accounting software, including Tally ERP 9, QuickBooks, ProfitBooks, SAP, Oracle, and Quicken, among others. We are also equipped to work with other cloud-based software as per your preference and business requirements.

Why Choose Trustra Advisory for Accounting & Bookkeeping in Delhi NCR?

The financial health of your business relies on meticulous account and book maintenance. Small and medium enterprises often face challenges with in-house accounting due to missed information, compliance complexities, and the cost of hiring and retaining skilled professionals. Outsourcing provides access to experienced and skilled professionals who hold deep knowledge of the subject, ensuring accuracy and compliance.

By choosing Trustra Advisory, you benefit from:

• Highly precise books and accounts.
• Fraud check evaluation processes.
• Cost-effective and feasible service packages.
• Expert handling of tax and compliance regulations.
• Utilization of the latest tools and technology.
• Expert consultation support on financial matters.

We have extensive experience serving various national and multinational organizations, providing us with a competitive advantage in delivering end-to-end financial and accounting support at substantially lower costs. Our emphasis on dedicated services, commitment, and accountability has contributed to our growing list of satisfied clients.

Let Trustra Advisory handle your accounting and bookkeeping needs so you can concentrate on driving your business forward. Contact us today to discuss a customized package tailored to your organization's specific requirements.