VR BOOKKEEPERSWHAT WE DO? DESCRIPTION OF OUR SERVICES: PREPARATION OF BOOK-KEEPING/MANAGEMENT ACCOUNTS : a.
Enter purchase & sales Invoices in client software i.e. Quickbooks , Sage Line50, excel whichever was maintained by client. b. Enter Bank payments, Bank receipts from Bank statement and enter Cashpayments & Cash Receipts from details provided by client. c. Do bank reconcilication, Cash reconciliation, Creditors reconcilication, Debtors Reconcilication, Paye Reconcilication, VAT Reconcilication,CIS Reconcilication whichever required for the job. d. Prepare notes & queries to client for any client confirmation to avoid mispostings. PREPARATION OF FINAL ACCOUNTS : 1. We will check all the data send by client for any missing information.We will plan the job i.e how to proceed the job based on previous year working papers provided by client. 2. Fixed Assets : We will provide depreciation & amortisation for existing assets i.e., Tangible & Intangible fixed assets. 3. We will provide depreciation for additions of fixed assets during the year as per client requirement i.e depreciation for whole year or proportionately from date of additions. 4. Trade Debtors : We will match the sales Invoices with Receipts in bank/cash book. If there are any differences between sales invoices & receipts or any old invoices outstanding , we will send a query to client for the same. 5. Prepayments : We will check for all purchase invoices for any prepayments. 6. Accured Income : We will check for future sales invoice for accrued income or will account based on client information provided to us.
7. Trade Creditors : We will match the purchase invoices with bank payments/cash payments /card payments. If there are any differences between purchase invoices & payments or any old invoices outstanding we will send a query to client to written off the difference or old invoices paid personally. 8. Accrued Expenses : Usually we will account accruals same as last year if they are accounted estimately. Otherwise we will check the future dated invoice for any current year expenses. 9. Deffered Income : We will check for current year sales invoices for deferred income i.e., future income accounted in current year dated invoices. 10.Corporation Tax : We will calculate the corporation tax due to HMRC and show the same as liability for current year, if there are profits during the year. 11.Deferred Tax : If client maintained deferred tax in previous year, we will calculate the same for current year. 12. Credit Card Control : If there was any business credit cards used during the year, we will provide a reconciliation for the same. 13. VAT : We will provide VAT reconciliation. We will match the VAT return i.e., Filed with HMRC with Client Cash book.If we do all entries, we will analyse all input & output which relates to business. Then we will match the same with VAT return, If we are provided with detailed working papers. If there are any differences appears we will show the in reconciliation. 14. PAYE : We will provide PAYE Reconciliation based on Payroll details provided to us.We will match the PAYE due with payments. 15. CIS : We will provide a reconcilication at year end. If there are any difference between CIS monthly statement & CIS tax on purchase Invoices & Sales Invoices we will shown the same in reconcilication.
16. Directors Current Account Or Capital Account : Here we will show all the transactions which affect the Directors Current a/c or Capital a/c i.e., we will show 1.Business expenses paid personally. 2.Business Income received personally. 3.Cash withdrawn from business for personal use. 4.Dividend payments i.e., IF the reserve account in financial statement shows a negative balance we will transfer the excess dividend towards this head. 5.If any creditors paid by personal card or cash. 6.Any money's received from debtors personally. 7.All other transacions which affect this accounts. 17. Comparison : Here we will compare the last year profit & loss with current year.We will provide a note on account heads which are having more deviations. 18. Profit & Loss Accounts : We will provide a detailed schedules for huge deviations account heads. Usually we will provide excel files and software backup i.e., final accounts preparation software. After all works finished in excel we will update the same in final accounts software. SOFTWARES : 1.QB 2.SAPA[Sage Accounts Production Advanced] 3.Sage Line 50 4.IRIS PREPARATION OF US INDIVIDUAL TAX RETURNS : 1.Softwares : a.Ultratax b.ProFx c.Lacerte d.Proseries e.GoSystem 2.Experience in JDE in AP
CONTACT US:
Phone: 91 9976344001 Email: vrbookkeepers@gmail.com Skype: vrbookkeepers FB: http://www.facebook.com/pages/Bookkeeping-FreeLance/340112179373827
Linkedin: http://in.linkedin.com/pub/rose-jack/4a/8b/832
