Outsource Accounting and Bookkeeping Services in India

Trusted Accounting And Bookkeeping Outsourcing Company

The term ‘bookkeeping’ refers to the process of maintaining records of a company’s finances. It may include all kinds of sales, purchases, expenses, etc. The process also involves recording all the financial transactions of a company in an organized accounting manner over a fixed period of time.

At N4, we cater to small and medium-sized firms and offer 360-degree service in bookkeeping. As professionals serving the industry for many years, we have seen SME’s fretting over regular account keeping and updating books. It takes manpower, space in the office, and effort, and is time-consuming. These SME’s are eager to skip paperwork and assign it to professional accounting firms. These firms are experienced and equipped to do it efficiently, faster, and at a fraction of the cost.

At N4, we offer a wide array of accounting and bookkeeping services for clients around the world. Our primary aim is to help clients focus on higher-value and more profitable work for their businesses, such as consulting, providing tax support, and acquiring new clients.

We are supported by a team of highly trained professionals who can easily manage daily transactions, handle AR and AP, and prepare crucial financial statements for businesses.

Advantages for Business Owners

Access to Expertise

The best and most reputed accounting companies in India will help you execute your accounting work with a team of trained professionals well-versed in industry operations and equipped with years of experience handling complex accounting situations similar to yours.

Detailed Recording

The major advantage of this process is the ease of account supervision for businesses.

Planning Made Easy

Accurate figures or transactions can help predict and plan the future of your business.

Stress-Free Audit

For rechecking purposes, organized books make auditing easier and faster because every single transaction with an entity is formally and accurately recorded.

Saves Time

Error-freely maintaining books of financial accounts is a time-consuming process. Staying updated as per the latest schedules will help.

Reduce Tax Liabilities in Business

Bookkeeping services are important for creating a profit-and-loss account for the business, which will help the client’s expenses and income for the same.

Use of the latest technologies

We use the best accounting automation software in India, which is common on the commercial front and is an efficient tool against human errors.

Budget Monitoring

All types of expenses (advertisement, employee benefits, or any other) will have a budget. Maintaining accounting records appropriately through a bookkeeping service will help you easily compare your budget and monitor expenses to avoid unnecessary expenses.

Accounting and Bookkeeping Outsourcing Services offered by N Four

We provide bookkeeping and accounting services to ensure significant cost reduction and cost effectiveness for our clients by a dedicated team of professionals wholeheartedly geared to fulfill customers's specific needs. Apart from that, we provide auditing services for organizations, which are very beneficial for startups and small businesses.

What’s Included in Accounting Services:-

• Handling of accounts on a regular basis
• Managing statutory dues
• Accounts management
• Preparation of annual audit reports
• Solving queries raised by auditors
• Management of fixed assets and related accounting tasks
• Performing bank reconciliation
• Timely payment of invoices and employee expenses
• Recording and analyzing the cash inflow and outflow of the business
• Guaranteed legal compliance and handling of TDS
• Creating crucial reports such as balance sheets, MIS reports, receivables and payables of the account, and profit-loss statements

What’s Included in Bookkeeping Services:-

• Regular monitoring of cash flow to guarantee 100% accuracy
• Working on accounting statements
• Recording account receivables and payables
• Recording and evaluating the cash inflow and outflow of the business
• Assessment of account receivables and payables
• Efficient and professional management of different ledgers, including the general ledger, expenses ledger, and asset ledger

Our Process

1. Collection of Receipts

Our team of professionals will gather invoices and receipts related to varied expenses and purchases made by your business.

2. Classify Transactions

We will sort and classify receipts into specific expense categories. The process facilitates tracking and organization.

3. Update Ledgers

We record the financial transactions in the respective accounts. A special, advanced accounting software system is used for the process.

4. Reconcile Bank Statements

We will compare and match the records with the bank statements, which is important to ensure accuracy and detect discrepancies.

5. Generate Financial Statements

Our team of professionals will also prepare essential financial reports. These include profit-and-loss statements and balance sheets, which play a vital role in a detailed assessment of a business's financial health.

6. Review Accounts

A thorough analysis of the financial data will be conducted to identify potential errors or irregularities in the bookkeeping records.

7. Close Books

Trust us to finalize the bookkeeping process for the accounting period. This is to ensure all records stay up-to-date and organized for future reference.

Our Featured Bookkeeping Services

Day-to-Day Bookkeeping

We handle your daily record-keeping needs, whether it's hourly, quarterly, or based on what suits you best. Our expert team ensures precise and speedy bookkeeping, and we're accustomed to making frequent adjustments according to your preferences.

Balance Sheet Maintenance

We take care of your financial needs by handling statements and balance sheets through our accounting and bookkeeping services. Our team consists of committed accountants and skilled data entry operators working hard to maintain profit and loss statements.

Remote Bookkeeping Services

With N Four's professional remote bookkeeping services, you would be able to handle your daily bookkeeping needs without taking on internal support from your own company. Our team will do the following for you:

• Securely log in to your server or systems
• Performing bookkeeping tasks from a remote location

This guarantees trustworthy and profitable bookkeeping services with the assistance of our skilled experts. Consider outsourcing your bookkeeping today to enjoy the advantages of our services.

Why Prefer N4?

We at N4 are renowned as India's best and most reliable bookkeeping service. Supported by a team of expert bookkeepers, we ensure 100% accuracy in your book of accounts. Our aim is to free you from the burden of managing your in-house bookkeeper which will leave you with ample time to focus on what matters most to your business.

Accountability

At N Four, we are proud of our knowledgeable staff committed to responding to any accounting-related eventuality by executing suitable and timely measures.

Delivering World Class Services

We strive hard to achieve customer satisfaction through timely and effective assistance.

Wide Connectivity

Touch base with our regulatory and compliance specialists, who are well versed in the rules and regulations in your country.

Backed by Experience

We have many years of experience in our respective areas and are supported by a skilled and experienced workforce that helps us stay ahead of the competition.

Flexible Services

We provide personalized services tailored to the specific requirements of your business and the industry you belong to.

Transparency

As trusted professionals, we believe in maintaining absolute transparency in our accounting operations across the length and breadth of the company, and while doing the same, we observe high standards of ethics and professionalism.

FAQs

Q. Is it compulsory to maintain the books of accounts?

Yes. Maintaining the books of accounts is a legal and mandatory requirement for all types of businesses or entities, such as private limited companies, proprietorship firms, etc.

Q. What is the Audit of Books of Accounts?

It is a legal statutory prerequisite for a private limited company, LLP, or OPC. In the case of a proprietorship firm, it is applicable under certain exceptional conditions, such as a tax audit.

Q. What is virtual accounting or bookkeeping?

Virtual accounting, or bookkeeping, is a service offered by a professional bookkeeper who works remotely for a client or organization. Here, the bookkeeper uses advanced technology, such as cloud-based accounting software and video conferencing, for interacting with the client. These professionals offer support for financial record-keeping and accounting tasks.

Q. Is outsourced bookkeeping services common?

Outsourced bookkeeping is a term used to describe a process involving the use of an outside firm or team of professionals to handle financial record-keeping and accounting tasks for a company. It has become very common due to reliability, convenience, and affordability for an organization.

Q. What do you charge for bookkeeping services?

The exact rates for bookkeeping services may vary. It depends on the following factors:

• Business size
• Industry
• Number of transactions
• Financial services
• Complexity of the business

We have a team of trained and experienced professionals who will guide you through the payment procedure.

Q. What is the duration of the accounting or bookkeeping period?

The exact duration for accounting or bookkeeping is a month or a quarter. Externally, it is for twelve months, starting from the month of April 1 until the 31st of March each year.