Outsourcing

We use online accounting software such as Zoho Books, Xero, Salesforce for the subsidiaries of foreign companies in India and for US Accounting we use QuickBooks.

We are also undertaking the migration of accounts from QuickBooks India to Zoho Books.

Incorporation of the company or firms is a first step in Hiring a full-time accountant and HR personnel is an expensive proposition for a small enterprise. In order to support smaller companies, we have extended our services in the areas of accounting, payroll and compliance services.

Accounting - Many foreign companies who have their subsidiaries in India need the data on real time basis. To meet such requirements, we provide accounting services on a cloud based software, namely QuickBooks. We are also using the traditional accounting package Tally.

Payroll - Similarly, we use state of the art, cloud based payroll software to ease the employee and employer interaction. Each employee will get login credentials through which they can view/print pay slips, upload reimbursement bills/vouchers, investment declarations, etc. We also undertake HR documentation services such as issue of appointment letters, HR policy, etc.

Reporting - Some of the companies where the investments are done by Angels or Seek capital requires periodical reports such as cash flow statement, profitability statement, return on investment, etc. We arrange reports and presentations to the investors.

Compliance - Indian regulatory framework demands reporting and returns to be submitted to various departments. This can be handled by experienced accountants in a flawless manner. Delay in submission or non-submission of reports and returns attract penal actions. Thus, we at Balakrishna and Co., have developed the working culture to meet the compliance requirements of various business entities.

In case you seek services in these areas, please write to Prasad@balakrishnaandco.com