Book-keeping for CPAs/SMEs
Our Book-keeping Services are focused at reducing the finance and accounting costs of our clients by helping them with their management, accounting and tax preparation needs. Finadvantage’s personalized and professional online book-keeping services cover the entire scope of book-keeping and customers have the flexibility to choose what they require. We function as our customers' virtual back office for all their book-keeping and accounting work, right from set-up, support, maintenance and consultancy with accounting. By outsourcing bookkeeping services to India, you can benefit from the cost advantages of Finadvantage’s customized finance and accounting services without compromising on the quality of the delivery.
Our end to end services include:
|Record to Report||Inventory accounting|
|Procure to Pay||Fixed asset accounting|
|Accounts Receivable||Cash Flow Statement|
|Treasury and Bank account reconciliation||Reporting Services|
|Manual Journal Entry Services||General Ledger Accounting|
Advantage of end to end book keeping with FinAdvantage Consulting
|Benefits||FinAdvantage||Other CA Firms||In-house|
|In-house expertise on end to end services (Direct Tax, Indirect Tax, Payroll, Secretarial, CFO)||✓||X||✓|
|Minimized overhead cost||✓||✓||✓|
|Ability to scale up and scale down the team at short notice||✓||✓||X|
|Access to multiple software’s without captive investment||✓||✓||✓|
Accounting tools that we work with
Real Estate/Lease Accounting
The real estate market is varied, complex and dynamic. There is always something changing, whether it is local/municipal regulations, the tax code or the shift in development opportunities and challenges. Our real estate team is comprised of seasoned tax and assurance professionals with incomparable industry expertise, business acumen and technical excellence.
- + Consultation with clients and legal counsel in structuring 1031 transactions
- + Internal control reviews and best practices
- + Assistance with forming capitalization polices under the repair regulations
- + Forensic accounting and suspected fraud investigations
- + Governance, risk management and compliance
- + Consideration of cost segregation studies to maximize tax benefits of owning real estate
- + IRC Section 199 analysis for real estate developers to gain additional tax deductions
Procure to Pay (P2P/AP)
Our Procure-to-Pay process starts with requisitioners in plants or offices, and is facilitated by Purchase Orders being approved and delivered to Suppliers. Once a Purchase Order has been fulfilled, FinAdvantage validates receipt and upon receipt of a valid invoice, initiates a timely payment
Major multi-national corporations need to understand how to consolidate financial statements in order to accurately represent financial results for investors and other business purposes. When one creates an empire, a financial statement is a reflection of financial results for all related entities, as well as for the original company assets. When a parent company acquires stock in a company to create a subsidiary, the subsidiary maintains its own separate accounting records. However, the parent company controls the subsidiary – the subsidiary doesn’t operate independently. Because of this, the parent company will consolidate financial statements to present its own financial operations, as well as those of the subsidiary.
At FACPL, we don’t believe in a one-size-fits-all package for our clients. Call us to discuss more on how we can help you to consolidate your accounts and be in compliance with US GAAP./ IFRS/ Indian GAAP/IND-AS
FACPL offers professional account reconciliation services for all type of entities including retail and E-Commerce clients. Our expert services can help reconcile historical and large data in a very short period of time. Our reconciliation services include
- + Vendor Reconciliations
- + Customer reconciliations
- + Bank Reconciliations
- + Reconciliation with Payment gateway
- + Inventory reconciliation
A financial statement is a picture of a company’s financial health for a given period of time. The statements provide a collection of data about a company’s financial performance, its current condition, and its cash flows.
All financial statements prepared by FACPL are in conformity with General Accepted Accounting Principles (GAAP) unless another form of accounting is requested. From a simple business loan application to a complex financial report prior to a sale or merger, FACPL can help put together the necessary statements you need quickly and efficiently.
We provide efficient and pro-active audit support on behalf of the management which helps the management to focus on business and other operational needs. We have worked extensively with the Big4 audit firms and large to mid sized audit firms and have nuanced experience on the audit requirements.