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Book Keeping & Outsourcing

Book-Keeping: Our book keeping services aims at cost reduction and cost management for our clients. A specialized team of accounting professionals have been designated to cater customer’s requirements and processes.

Some of the bookkeeping services that we offer are:

  •   AR/AP services
  •   Bank account reconciliation
  •   Invoicing Processing Services
  •   Manual Journal Entry Services
  •   General ledger maintenance
  •   Expenses ledger maintenance
  •   Preparing ageing reports & summaries
  •   Preparing financial statements
  •   Trial balance services
  •   Preparing income statements (Profit & Loss)

Outsourcing: caonweb offers highly professional and qualified human resources to our clients in order to support them performing several non-core Financial & Audit activities in a systematic and efficient manner. Some of our critical outsourcing assignments includes manpower recruitment, supplying agency’s services for various processes such as accounting processes

Outsourcing aims at:

  •   Lowering labor costs
  •   Lessening regulations
  •   Focusing on core competencies
  •   Reducing overhead
  •   Promoting flexibility

What is included in our Package?

Setting up your book structure

Reconciling your debtors and creditors

Reconciling your bank

Reconciling your related party transactions

Checking tax compliance and computing your taxes

Surity

Documents Required for Book Keeping and Outsourcing

  • All receipts and payment backups
  • Tax filing documents
  • Bank statements/ Credit card statements

Book Keeping and Outsourcing: A Step-By-Step Guide

Provide the documents-We guarantee confidentiality when you give us your documents

We create and maintain your book

We get in touch with you for any variances or issues

We are always available to answer your queries on anything related to your book records

Our Prices

Effective Services with Best Price

Frequently Asked Questions

You should hire a bookkeeper as soon as you begin your business. This way you’ll avoid mistakes from the starting and reduce headaches.

No way! You shall still maintain 100% control of all decisions and all checks will still be signed by you. You choose what merchants get paid and when. We provide with the data and perform the specific task, but you approve all receipts for payment and sign all checks.

You should hire a bookkeeping service as soon as you start your business. This way you can avoid mistakes from the beginning and thus reduce headaches. Depending on your needs our bookkeepers can complete an entire year’s bookkeeping in as little as 3 hours’ time. If its so simple, can you do it in less time?

If you own a private limited company, then it’s recommended that you hire a professional bookkeeping service. Bookkeeping requires the use of double-entry journal accounting to ensure that the Trial Balance is correct. As a private limited company, whether you have one member or fifty members, the compliance, accountability and accuracy should be the same.

A bookkeeper puts together a complete database of your business’ income and expenses for your financial year. On the other hand, an accountant takes the bookkeeping data and creates the necessary books of accounts for tax compliance. The danger here is that the work of the bookkeeper has a direct effect on the work of the accountant. If the books of accounts are wrong, then the accounting reports will also be wrong. Hence, the importance of using a first-rate bookkeeping service is key to the success of your business.

Books of accounts comprise of a Journal, a Ledger book, a Trial Balance, Original and carbon copies of bills/invoices/receipts /, Cash Book, Profit and Loss A/c, Balance Sheet and Cash Flow Statements.