Book Keeping and Outsourcing

Bookkeeping is the process of recording financial transactions of a business in an accounting system and the creation of reports consolidating the accounting data entered into the system. Bookkeeping services are must for all businesses to ensure timely and accurate operational/financial information is provided to the Management, Regulators,and Investors. In addition, it is a legal requirement for any business to maintain a proper book of accounts to ensure that all relevant taxes are paid and tax filings are made on time. Hence, bookkeeping is an important function in any business or not-for-profit organization in India.

Outsourcing is an arrangement in which a company retains another business to perform some of its work activities that could also be or usually would have been provided in-house to concentrate on what they do best and thus reducing the costs.

Generally, bookkeeping is a function of the accounting department in a business. However, many small businesses do not have fully fledged accounting departments and require external bookkeeping services.At LT &Associates, our bookkeeping and outsourcing services aim at cost reduction and cost management for our clients. A specialized team of accounting professionals has been designated to cater customer’s requirements and processes.

Some of the bookkeeping and outsourcing services that we offer are:

• Account Receivable /Account Payable Services
• Bank account reconciliation
• Invoicing Processing Services
• Manual Journal Entry Services
• General ledger maintenance
• Expenses ledger maintenance
• Preparing ageing reports & summaries
• Preparing financial statements
• Trial balance services
• Preparing income statements (Profit & Loss)
• Payroll Management Services