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Bookkeeping Services
- Accounts Payable Management
- Accounts Receivables Management
- Recording Payroll Transactions
- Reconciling Payroll Transactions
- Bank & Credit Card Reconciliations
- Merchant Account Reconciliation
- Inventory Management
Accounting Services
- Month-end / Quarter-end / Year-end adjustments entries like, Prepayments, Accruals,Deferred Revenue, Depreciation etc.
- Cost or Project Accounting
- General Ledger review & clean-up
- Fixed Assets Management
- Compliance with US GAAPs
- Accounting set-up services
Financial Reporting
- Accounts payable aging analysis
- Accounts receivable aging analysis
- Job or Project costing & analysis
- Working Capital control
- Cash Forecasting
- Key Performance Indicators reporting
- Monthly / Quarterly Financial Analysis and Feedback
- Profit improvement analysis and monitoring
Tax Filing Services
Individual Tax Return (Form 1040)*
- W-2, 1099-Misc, Int, Div, 1098-B, Itemized Deductions
- All of above + Business Income i.e. Schedule C
- We file Federal and State tax returns
Business Tax Returns
(Form 1065,1120,11205)
- Federal and State tax return
- Multi-state tax return
Introduction
SB Accounting is a premier India based boutique outsourced financial and accounting services provider. Our firm, comprising of Quickbooks and XERO certified CPAs offers businesses globally comprehensive financial and back office services that include full cycle bookkeeping, accounting, financial reporting, tax filing and medical coding and billing. We leverage our team’s cumulative knowledge to steer our clients to their financial goals. Our firm is recognized globally, as a standard “Best-practices” firm acknowledged by regulators and global standards-setting bodies. At SBAccounting, our purpose is to make a better working world, financially. The insights and quality services we render help business owners focus more on their core operations and relieve them of accounting and bookkeeping overheads.
Outsource Bookkeeping Services
It is crucial for any business to keep a healthy record book that includes precise entries of all ongoing and completed transactions, concerning business operations of the company. For small or medium businesses having an up-to-date bookkeeping is inevitably the most essential part of everyday routine. For such companies, establishing accounting division, hiring and training bookkeeping personnel and acquiring bookkeeping software can be expensive. This is where the Outsourcing Bookkeeping to SBAccounting can help.
Outsourcing Bookkeeping Services to SB Accounting will eliminate the need to have an accounting division while providing access to top notch professional bookkeepers and CPAs thereby saving you potentially 40-50% on accounting overheads. SBAccounting has been providing bookkeeping outsourcing services to Accounting Firms, Small to Medium Enterprises and Large Corporations since 2013. Our hands-on experience and solid proficiency in widely used bookkeeping softwares like QuickBooks, Sage, TAS, MYOB, KashFlow, XERO, VT Transaction, etc, enables us to provide quality Bookkeeping Services to clients across the globe.
One of the hidden benefits that many businesses don’t realize is that outsourcing your accounting function provides an opportunity to upgrade and improve your current Financial Accounting Processes. Outsourcing vendors instill best practices and controls that can help improve efficiency and timeliness of data. In addition,companies have found they can reduce the cycle it takes to close books, and they can develop better benchmark and baseline financial processes to help them meet regulatory requirements.
When you outsource your accounting you can expect to minimize large
investments in human resources, technology, and infrastructure and maximize your production, thereby giving an opportunity to scale and react to change more quickly. For example, outsourcing gives an organization the ability to more efficiently handle the surges in activity that may be seasonal or based on business cycles. Rather than having internal resources that are too busy
at times and slow at others, companies can instead hand those concerns over to the outsourcing provider.
When you outsource your accounting operations, you can save up to 40% of the costs compared to the cost of an employee because you don’t have to pay for any benefit packages, training or equipment, and your insurance could be lower.The cost to hire a new employee can be as high as 150% of their annual salary. So by outsourcing you could really be saving money.
The less it costs you to recruit and run your accounting operations, the more funds you can reinvest into the business or the more profits you can take home.
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