General Accounting & Book Keeping

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General Accounting & Book Keeping

A business entity and its promoters/managers are under tremendous pressure to increase the EBDITA or net profits, either by generating additional revenue streams or by cutting the costs, operational, employee costs or any other type of recurring expense. A small business having 10 -50 employees need to have a book keeper, an accountant and CA services along with the associated resource costs like seat cost, employee benefits, employee compliances etc. This is where the outsourcing of non-core business activities come into picture as the outsourcing of a non-core activity provide a chance for this particular activity to be handled by the industry experts and domain experts having extensive knowledge of that outsourced business function. The first business function that can be outsourced is general accounting book keeping. By doing this, an entrepreneur or a businessman can free his vital work force to devote its entire energy towards more important activities like sales, operations, service delivery, customer care and new product or service research and innovations.

Corpseed offers a wide array of services that are often customized as per the needs of the customers. Various business entities turn to Corpseed for the following services which we provide to our esteemed customers. These are:

  • Routine accounting

  • Ad hoc accounting

  • Payroll processing

Routine accounting

We offer routine book-keeping services for SMEs and start-ups. For SMEs, we offer assistance on compliance issues like monthly and annual GST filing, for Startups, we offer our expertise in setting up accounting systems, procedures and policies according to unique business environment in which that entity is operating.

Corpseed Procedure:

  • Detailed understanding of our customers’ document process flow, information & database systems and reporting requirements.
  • Customize reporting formats according to customers’ requirements.
  • Draw out a detailed task  schedule to meet submission deadline/s
  • Adopt an elaborate, systematic and cost-effective process that begins with entry of data and ends with the completion of accounting requirements. 

Our services include:

  • Setting up of proper accounting systems, accounting procedures and policies
  • Accounting-related administrative services like preparation of payment vouchers, provision of cheque signatory, bank in and filing of cheques

Preparation of financial reports and schedules as follows:

  • Monthly financial statement inclusive of:
  • Profit and loss statement
  • Balance sheet
  • Trial balance
  • Fixed assets schedule
  • Bank reconciliation
  • Sales and cost of sales matching analysis
  • Cash flow forecast
  • Profit and loss statements by project
  • Departmental reports
  • Variance reports
  • GST returns submission
  • Highlights on key performance indicators

Ad hoc accounting

Corpseed has the resources to respond at short notice to attend to ad-hoc assignment as well as urgent accounting work. Some services we offer include:

  • Clear ‘messy’ accounts and backlog
  • Take over the accounting function on a short-term and temporary basis, normally when the company is in the process of restructuring or when the accounts department is under-staffed due to unforeseen circumstances
  • Prepare financial statements to meet deadlines imposed by ROC, MCA or financial institutions
  • Reconstruct accounts from incomplete records

Payroll processing

  • Our dedicated and experienced team will ensure accurate and efficient processing of the following services:
  • Monthly salary calculation, salary credit and generation of pay slips
  • Payroll Statutory Contribution (PF/ESI etc)
  • Payroll Reporting

 

Frequently asked questions (FAQs)

At Corpseed, we are committed to offer our services to the entrepreneurs and businesses as a very cost-effective proposition. We believe that a customer is always right and the focus of any business activity should be to serve the customer with utmost loyalty. All our services come with SLAs (Service Level Agreements) for on-time service delivery and money back guarantee to ensure high level of customer satisfaction.

At Corpseed, our valued customers are always kept in the loop as far as service delivery timeline is concerned and we inform our customers every time a milestone is achieved during each stage of service request processing. But we also believe that we may come across a customer who is not satisfied with our efforts. For that we have a very responsive Customer Care Department which work 24x7 to attend to and solve customer complaints. We also have a money back guarantee for those, who want their service charges to be refunded.

At Corpseed, We believe it is our responsibility to protect our customer information from unauthorized access. We have put systems and processes in place to make sure that the customer information is safe with us during its storage and transfer between in house and third party servers. We continuously test our systems and processes for security breach and vulnerabilities are identified and fixed at a regular basis..

If a customer is not satisfied with the service we provided and if he contacts our customer care helpline and files a formal complaint within 15 days of service delivery date, Corpseed would refund the entire or partial amount of Professional Fee charged for that particular service.

If a customer is having issues with our service delivery process, he has various alternatives available at his disposal to register his grievance with us. He can either email his complaint at complaints@corpseed.com or he can call our 24x7 Customer Care Helpline. Also, any customer is always welcome to visit our office to lodge a complaint with the senior management.

A customer can buy our services directly from our online platform, for which he need to make online payment. Once he clicks on "Apply Now", a new window will open, a customer is required to submit the information in the respective fields and click "Make Payment". A unique ticket number will be auto generated, the customer need to quote this number as reference for any enquiry regarding his service request.

All the monetary transactions performed on Corpseed online platform are secured with SSL System Protocol. We encrypt the customer information such as credit card and bank account details, before these are transmitted anywhere. We adhere to PCI DSS for data security standards for payment processing.

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