Businesses are often under intense cost and time constraints and find it difficult to take complete control over their critical finance processes. One such process is bookkeeping, which keeps a track of total earnings and expenses of a company. Efficient bookkeeping services provide a clear picture of total earnings and help in taking important business decisions that take the company forward. Having an in-house bookkeeping & accountancy team can be cumbersome and expensive.
It is better to outsource bookkeeping services to an experienced third-party service provider. MINANSHIKA has been providing top-quality professional accounting and bookkeeping services in India to clients around the world. We take care of all your accounting and tax preparation processes and also provide efficient bookkeeping services at reasonable rates.
Accounting and Bookkeeping Services We Offer
Being in the financial industry for over a decade now, we have a team of financial experts who understand the exact needs of our clients and provide the services accordingly. We help businesses keep a track of their income and expenditures at a fraction of the price. Some of the key online bookkeeping services we offer include -
- Credit Card Reconciliation Services
- Accounts Reconciliation Services
- CPA Bookkeeping Services
- Virtual Accounting & Bookkeeping Services
- Real Estate Bookkeeping Services
- Financial Reporting Services
- Write-up Services
- Manual Journal Entry Services
- Accounts Receivables
- Cash Flow Statement
- General Ledger
- Assets /Equipment Ledgers
- Expenses Ledger
Financial Statements preparation
- Trial Balance
- Income Statement (Profit & Loss)
- Day-to-day bookkeeping & accounting
- Books balanced & reconciled quarterly
- Management accounts
- Expert tax advice
- Adjustments to year-end accounts
- Storage of documents
- Accounts Payables Ageing Report & Summaries
Apart from the general bookkeeping services mentioned above, we also have the skills, resources, and infrastructure to provide customized services, which include -
Break-up of Expenses Reports
Event Analysis Reports
Minanshika Softech Solution delivers the most comprehensive, resourceful, and cost-effective bookkeeping and accounting services for your business with the help of a motivated team of seasoned accounting managers and highly skilled accounts professionals.
Accounting Services We Offer -
1. QuickBooks Accounting Services
If you are looking for a competent accounting services provider using QuickBooks, your search ends here. Our QuickBooks accounting services cover tax report creation, business quote creation, invoicing, ledger management, budget proposal creation, and importing as well as exporting data to Microsoft Excel. Discover simplicity in accounting by outsourcing QuickBooks accounting to us.
2. Invoice Processing Services
MINANSHIKA has a highly qualified and experienced team of financial experts who can provide you with the best invoice processing services. We leverage the latest tools and technologies while delivering error-free invoice processing services to our clients within a quick turnaround time.
3. NetSuite Accounting Services
We, at MINANSHIKA, have the required skills and expertise to provide our clients with the best quality NetSuite accounting services. We take care of your needs including for the models NetSuite ERP, CRM+, e-Commerce, OneWorld, OpenAir PSA, SuiteCLoud, etc. We leverage the best quality tools around technologies while providing our clients with the top quality accounting services.
4. MYOB Accounting Services
Flatworld is a leading provider of MYOB accounting services. MYOB is an accounting software widely used by businesses of all sizes and is available either as a PC/Mac solution or as a web-based solution. We have expertise in using the popular MYOB products such as MYOB AccountRight Live, MYOB AccountRight Plus, MYOB AccountRight Premier, and MYOB Enterprise.
5. Real Estate Accounting Services
We have the required skills and expertise to provide our clients with the best quality real estate accounting services. We provide our clients with financial reporting, cash management, payroll processing, tenant accounting, tax return preparation, etc.
6. Quicken Accounting Services
With an experience of over 16 years in the industry, MINANSHIKA understands each client's requirements with ease. We can provide you with cost-effective Quicken accounting services including ledger maintenance, budgeting and investment management, financial data entry, validation, and customization.
7. Sage Accounting Services
MINANSHIKA provides a full range of Sage accounting services to a global clientele. Our Sage accounting services make use of the popular Sage accounting software and are beneficial for any type of business, be it large, mid-sized or small. We have expertise in using Sage Instant Accounts, Sage Instant Payroll, Sage Act, Sage Line 100, Sage Instant Financial Suite, and Sage Instant Business Suite.
8. Accounting Services for the UK
MINANSHIKA is an experienced provider of expert accounting services for a variety of industries in the United Kingdom. Our services include invoice processing services, cash flow management services, forensic accounting services, payroll processing services, e-accounting services, financial statement preparation, and financial statement preparation, among others.
9. Peachtree Accounting Services
Sage 50, formerly Peachtree is a powerful cloud accounting software we use to keep track of your business expenses. This is a one-stop-shop accounting solution to save thousands of dollars with a reliability guarantee. By outsourcing Peachtree Accounting you can stay on top of bills and receivables. Also, did we say it helps you file your taxes without hassle?
10. Accounting Services for Australia
MINANSHIKA is an experienced and reliable provider of accounting services for the Australian market. Our services include cash flow management services, forensic accounting services, invoice processing services, payroll processing services, financial statement preparation, e-accounting services, and financial statement preparation.
11. Preparing Financial Statements
Put an end to your worries during the hectic tax preparation and auditing season with our accurate, timely and affordable financial statement preparation services for your financial statements, balance sheets, income statements and reports. Our trained accountants can efficiently manage your financial data and offer you accurate financial reports and statements that will reflect your financial status on a real-time basis. Our hands-on accounting knowledge as well as meticulous checking can ensure that you always make the right decisions for your business.
12. Cash Flow Management Services
If you can't get hold of the KPI to measure the net revenue minus the expenditure, you need to outsource cash flow management to us. At affordable rates, we monitor, measure, and recommend ways to optimize your RCM, so that you never have to worry about your financial health. Outsource cash flow management services now to avoid extended cash shortages.
13. SAGE BusinessVision Accounting
Be it small or large wholesale/retail/service clients we offer a complete business accounting solution for your business' point-of-sale. We use a licensed version of SAGE BusinessVision Accounting to enable an undisruptive billing and accounting performance. Our services can help you save thousands of dollars by eliminating the need to hire trained accountants.
14. Forensic Accounting Services
Our diligently developed multidisciplinary forensic accounting services not only detect and eliminate accounting frauds and other irregularities, but also help you devise processes so as to prevent any such future occurrences. Our forensic accounting services include -
Verifying authenticity of books of accounts by gathering facts
Checking for hidden fraudulent accounting patterns
Verifying electronic information
Conducting fact finding interviews
Reviewing whistleblower allegations
Conducting accounting compliance assessments
Special committee financial investigations
Anti-corruption inquiries, and more
Our expertise ensures faster identification of irregularities, and more importantly, ensures least amount of damage to your business reputation. All our forensic accounting services come with a high confidentiality guarantee, so that you can be rest assured while our experts weed out the frauds.
15. Financial Accounting
Our financial accounting services are as good as employing a full team of seasoned in-house financial accounting experts without actually hiring them. They take time to understand precise accounting needs of your business, and plan desired procedures to seamlessly take care of all your financial accounting needs, including -
Financial closing (profit and loss, balance sheet, asset assessment, etc.)
Financial accounting and reports like: general ledger, bills payable/receivable, cash flow statements, petty cash book, bank reconciliation statements
Quarterly, semi-annual, and annual closing financial reports
Financial health status reports
Budgeting and cash forecasting
Sales and invoice order processing, and so on
Our service excellence ensures that your business gains an edge in terms of minimizing cost overheads, increasing productivity of your core team, and most importantly unburdening you from all the finance handling processes.
16. Payroll Accounting
With so many variable components in individual salary computations, payroll management is one of the most hectic fiscal activities of your business. Add to it the headaches and the number of man hours that you/your accounting team puts in, makes it a resource exhausting and cost intensive activity. Our fully-customizable payroll accounting services cushions you against all these hassles, and lets you focus on your core business activity. Our services take care of payroll calculations, salary statements, tax filings, bonus calculation, vacation/sick pay accruals, grants, advance payments, medical allowances, payroll management reports and more.
In synchronization with our financial accounting services, we also report the productivity index of your resources with respect to the compensation paid, and the overall financial health of your business.
17. Online Accounting Services
Getting online and cutting the physical limits of business operations is the essence of modern business enterprises, and this stands true for accounting as well. Online accounting services from MINANSHIKA open-up wide possibilities for businesses to optimize their accounting processes on a real-time basis. Our online accounting platform delivers all the accounting services by leveraging the best accounting software like QuickBooks, Peachtree (Sage 50 US), SAP, and many more. Our online accounting solutions also enable faster decision-making through real-time financial reporting services.
18. Small Business Accounting Services
The key aspect for any startup firm to grow into a really big enterprise is its team's dedicated focus and sustained efforts. This aspect makes it mandatory for the core team to not deviate into other business aspects like accounting. MINANSHIKA, with its small business accounting services, not only helps businesses cut down their accounting worries, but also ensure that they achieve faster business growth. As part of our various statutory and other accounting services for small businesses, we also answer their frequent queries related to taxes, financial planning, fiscal health status reporting, and other consulting services to fast-track their accounting processes.
Our small business accounting services are extremely cost-effective and help streamline your accounting processes at a very early stage, leading to hassle-free and scalable accounting system as your company grows.
19. Tax Accounting Services
Streamlining tax accounting, tax filing, and financial reporting has grown extremely important these days with increased governmental scrutiny and other mandatory tax disclosures. Tax accounting is a specialized and a challenging job that needs hiring dedicated tax accountants and consultants, which can prove to be an extremely costly proposition for your business. This is where our specialized tax accounting services come into picture. We can easily handle all your tax accounting needs at competitive rates, and relieve you from all the unnecessary hassles. Our accounting and tax services include -
Timely accounting and filing of tax
Coordinated tax accounting with other financial accounting systems
Instant access to all the tax reports and fiscal information
Keeping track of changing tax regulations and making appropriate changes
TAX PROCESSING SERVICES
With MINANSHIKA' tax-processing and tax preparation outsourcing services, your organization need not handle the tax compliance workload anymore. The Flatworld team will function as your personalized tax calculator/income tax processing department and handle the cumbersome, yet important task of tax preparation and processing. Get the Flatworld advantage and benefit from increased profits combined with minimal operating costs!
Our Tax Preparation Services
We have a team of highly experienced and skilled tax preparation experts who are capable of handling diverse client's requirements. Our services ensure that all the tax compliance workload is handled in the most efficient manner. Some of the key tax preparation services we offer include -
Form 1040 (individuals)
Classifying and interpreting P/L items
Interpreting the taxability and treatment of various accounts
Form 1120 (For companies and Corporations)
Form 1065 (Partnerships)
Examining, interpreting and classifying items on the balance sheet
Our Federal Tax Return Services
Our financial team members are experienced in handling federal tax return services of clients from different parts of the world. Some of the key federal tax return services we provide include -
Individual Income Taxes
Fiduciary Income Taxes
C Corporation Income Taxes
Non-profit Corporation Taxes
S Corporation Income Taxes
Heavy Equipment Use Taxes
Partnership Income Taxes
Our State Tax Return Services
We have the required skills and expertise to handle different state tax return services. We understand the exact requirements of the client and provide the services accordingly. Some of the state tax return services we provide include -
GST Return Services
Individual Income Taxes (for all states)
Corporate Income Taxes
Partnership Income Taxes
QUICKBOOKS ACCOUNTING SERVICES
Intuit QuickBooks software has emerged as a tool of choice for accounting professionals worldwide. With a simple, easy to use interface, this software automates manual tasks involved in accounting and bookkeeping. However, it doesn't fully take out manual intervention and a trained professional or team is necessary to use QuickBooks service.
QuickBooks is perhaps the most popular accounting software available to small businesses (75% + market share in US). It is available as a standalone service and software as a service (SaaS), making it accessible anywhere through the web. As noted earlier, it helps in easy maintenance and automation of regular accounting tasks while also bringing in advanced features such as accounting payroll management.
MINANSHIKA' accounting outsourcing team comprises of professionals (CFAs, CPAs, CAs, and Project Managers) who work on QuickBooks accounting and QuickBooks hosting projects of varying complexities. Also to mention that their capabilities include QuickBooks bookkeeping but it is not just limited to QuickBooks payroll management, but includes much more than that.
QuickBooks Accounting Services
MINANSHIKA offers QuickBooks consulting and accounting services, which include -
1. QuickBooks Bookkeeping
Updating Book Of Accounts
Closing of Accounts
Preparing Trial Balance
Preparation of Bank Reconciliation Statements
Preparing Income Statement, Cash Flow Statement and Balance Sheet
2. Accounts Receivables and Accounts Payables
Maintaining Cash Disbursement Records
Maintaining and Updating Other Expenses (Travel, Entertainment, Sundry)
Processing Letters of Credits
3. QuickBooks Cost Accounting
Do Cost Variance Analysis
QuickBooks Payroll Accounting
Preparation of Purchase Reports
Reconciliation of Fixed Assets
Account Maintenance For Write-Offs
Updation of Work-In-Progress Accounts
Though QuickBooks has been primarily designed keeping small businesses in mind, it works for larger organizations and one-man shops alike.
Our scope of services covers this partial list of organizational types:
Media and Advertising Agencies
HR Consulting Firms
Real Estate Firms
Internet Based Businesses
Based on the scope and nature of your requirement, you can hire a 'virtual bookkeeping assistant or plan for outsourcing QuickBooks team. This virtual assistant will handle all your day to day accounting tasks without any need of your intervention. However, you could also hire a team of accounting professionals who can manage different accounting areas of your business.