01
Accounting & Auditing Services
Bookkeeping is the primary source for analysing the financial statements. We provide an end-to-end accounting service such as Accounts Payable, Accounts Receivable, Credit card and Bank postings, aging analysis, architecting Chart of Accounts along with reconciliations of General Ledger. An ad-hoc services include Ledger scrutiny, account clean-up, fixed asset management, transition services. The team at AcServ is agile in handling accounting tools and has a rich experience in top accounting softwares such as Oracle NetSuite, OpenAir, QuickBooks, Xero, Tally. Audit provides an examination of Financial Statements to express an opinion on the state of affairs of the company.
We provide the following auditing services-
* Tax audit
* Concurrent audit
* Internal audit.
All the audit services are designed as per the Generally Accepted Auditing Standards (GAAS).
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P2P Management
1. Bill Booking
P2P also known as Accounts Payable is a vendor management activity whereby all the records are meticulously maintained.
2. Debit Memos
The Document archival team is responsible for the receipt of documents and assigning it to the appropriate department. Be it vendor bills, tax notices, return filing acknowledgements.
3. Payments / Aging
Accountants at AcServ ensure no bills are missed for processing which results in timely payments. This helps clients avoid late fees Hazzle-free approach
O2C Management
One of the important aspects in the financal world is revenue. Businesses thrive on revenue figures for decision making and analysis. Reporting the correct numbers is the aim at AcServ. As generating the revenue is crucial for any oragnization, in the same way maintaining its records too is of utmost importance. AcServ deploys accountants who are experts in revenue recognition (ASC 606). Recording revenue accruals, posting deferred revenue as per ASC 606 helps our clients to have a fair and accurate picture of the revenue. A two stage invoice approval process is established so that correct amount is billed to the clients with minimal change. The invoice gets checked thoroughly before it is sent to the client. This ensure the errors are timely detected.Read More...
There are situations where there is a need to provide Credit to the clients. After a careful study a memo is raised, shared and applied to the client's records.
We understand that our client's clients can have different payment policies, hence we ensure the invoices are sent out on time so as to receive the payments on or before the due date Per client's request, our team undertakes the AR Aging analysis and conducts a follow-up with the clients. Our trained collections department contacts the clients with the standard set procedures and provides a detailed report of Aging.Read More...
Monthly Financial Statements
For decision making, financial statements is a must. AcServ provides a monthly financial package that includes Balance Sheet, Income statement, Cashflow statement, Trial Balance, General Ledger and Notes to accounts. This helps the company to facilitate the next developmental plans for the business. Having a monthly statements provides an insight in how each department functions.
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Reconciliations
Reconciliations play a very important role after the month-end activities. They act as a check to identify and prevent frauds or errors. All the Balance sheet ledgers should be reconciled in order to keep a tap on the movement of balances. Based on the volume of transactions, the frequency of account reconciliations is determined.
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General Ledger Accounting
At AcServ, we offer a wide variety of general ledger accounting services in conjunction with bookkeeping services. Our general ledger accounting services are tailored towards initial setup and maintenance, giving your business the tools needed to have an operational accounting system. Furthermore, once the initial general ledger is setup, we can work with you to complete monthly procedures, ensuring optimal functionality.
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02
Accounting System Setup
The backbone of every accounting is the way the Chart of Accounts are setup. Managing the accounting system is no easy task as there are rules and tasks that need to be completed precisely to produce accurate data. Architecting your chart of accounts and financial statements properly minimizes the risk of errors and mistakes down the road.
03
Taxation
Tax is one of the most fundamental, dynamic and complex part of any business. Frequent amendments to the existing tax laws make it imperative for the organizations to keep pace with the changing environment. To counter these challenges, AcServ provides a specialized and experienced team of professionals who provide corporate tax advices along with the tax return filings and handling litigations. This include Direct as well as Indirect taxation e.g. Income tax, GST, Profession tax.
04
Indian XBRL - Tagging
XBRL stands for eXtensible Business Reporting Language. In XBRL, a unique electronically readable tag is attached to each individual financial term to the elements within a taxonomy. It is a tool used for reporting the audited financial statements of all public companies without any changes by the third-party data providers. AcServ helps its clients to file the e-form AOC-4.
05
Financial Modelling
A numerical presentation of the aspects of company's operations are used for business valuation and to measure an edge over the industry competitors. At AcServ, this decision tool is supported by a systematic approach to provide an insight to the Investors and C-level executives. Our approach at AcServ -
- Understanding the business structure
- Finding out the KPIs
- Performing SWOT analysis
- Assessing the capital requirements
- Risk-taking capacity
- Analysing the inputs
- Preparing the model
- Deriving the end results
06
Set up a company in India
If you are willing to register a new company in India then you need to record it in the Indian official records i.e., Ministry of Corporate Affairs (MCA). One does not need to visit the corporate office for registration as it can be done while sitting at home. The registration includes Digital Signature Certificate (DSC), Director Identity Number (DIN), TAN, PAN and filing for an e-form.
Other Services
Outsourced CFO
Helping you solve all the financial challenges. AcServ brings you a flexible model that includes an option to raise or reduce the level of involvement.
There are a plenty of compliances even after the company is established which include Trademarking a logo, Copyright, Start-up registration, Shop-act, MSME, PTEC, PTRC, industry specific licensing. The list doesn't end here. We bring you some additional services such as Transfer pricing, Financial due diligence, Forensic and Risk advisory services. A complete guidance is available at your disposal.