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Bookkeeping Services
We provide bookkeeping and accounting services online with extensive experience in this field. We enhance the quality of outsourced bookkeeping by meeting customer’s needs.
The services we provide include:
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Accrual based book keeping
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Cash based book keeping
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Trial Balance Preparation
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Creating charts of accounts
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Year-end closing
WHY CHOOSE US
Violetflo
Advantage
Save Time
22% of small businesses outsource their accounting and bookkeeping functions to save time.
Access Expertise
15% of small businesses outsource their accounting and bookkeeping functions to access more expertise.
Cost-Effective
Outsourcing can save up to 44% of the cost of hiring an in-house accountant or bookkeeper for small businesses.
Improve Accuracy
15% of small businesses outsource their accounting and bookkeeping functions to improve accuracy.
Receivables Management
Our services include outsourcing accounts receivable tasks. These services allow us to concentrate on core activities that can enhance our profitability and productivity.
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Recording Sales for products and services
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Data repository of client invoices and statements
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Customer creation and updates
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Recording of receipts
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Follow ups with customers
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Customer reconciliation
Accounts Payable Management
We handle and oversee the processes that involve your suppliers. This way, you can save on the costs of infrastructure, administration, human resource and IT setup. It makes the accounts payable process much easier.
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Vendor creation and updates
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Invoice validation with PO/ Agreement and DOA
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Data repository of vendor invoices and statements
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Resolving exceptions
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Invoice validation at multiple levels
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Uploading payments on bank portal
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Vendor reconciliation
Bank/Credit Card Reconciliation
Reconciliation enables us to keep track of the cash situation of the company at frequent periods of time. Reconciliation covers these points.
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Record unrecorded receipts and payments
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Provide details of differences
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Check reliability of balances from bank statements
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Identify old unresolved items
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Creating Adjustment entries
Management Reporting
Financial reporting and analysis help the management to assess the company performance in different business activities. Accounts payable and accounts receivable management reporting include these points.
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Revenue and income projections
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Monthly Accrual Entries
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Preparing Year End and Month End reporting analysis
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Income statement
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Fund flow statement
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Information Technology
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Not for Profit
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Government
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Banks
05
Education
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Trading
07
Travel
08
Financial Services
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Insurance
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Software Development
FIRM INFRASTRUCTURE
Robust Infrastructure for Efficient Operations
Spacious Environment
Ample working space to enhance productivity.
Reliable Connectivity
Uninterrupted connectivity for seamless workflow.
Robust Security Measures
Secured FTP, biometric access, and CCTV surveillance for data and premises protection.
Trusted Team
Employees undergo credibility and background checks for a reliable workforce.
Continuous Power
24/7 power backup to ensure uninterrupted operations.
Effective Communication
Various means such as Skype, US & UK phone, Zoom, and Hangout for efficient communication.
WORKFLOW
Remote Access
Step 01
Client Data Update
Client Updates Data On Its Server And Informs The Violetflo Team.
Step 02
Remote Connection
Violetflo Team Remotely Connects To The Client Server Through Internet
Step 03
Book Updates
Violetflo Team Updates The Books on remotely hosted software. Manager Reviews The Work
Step 04
Data Security
Processed Data Is Saved On The Clients Secured Server.
Industries and sectors catered
SCHEDULE A FREE CONSULTATION NOW
Let's Balance Your Books Together!
FAQs
Frequently Asked Questions
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How much can I expect to save by outsourcing accounting services to India?Cost savings can be significant, ranging from 30% to 60% compared to hiring in-house US accountants. However, the exact amount depends on factors like the complexity of your needs.
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Are Indian accountants qualified to handle US accounting standards (US GAAP)?Yes, many Indian accountants possess strong qualifications and keep themselves updated on US GAAP. Our team is comprised of professionals with relevant experience and certifications.
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How will we overcome time zone differences and potential cultural misunderstandings?We provide a dedicated point of contact that prioritizes clear communication, and flexible working hours to accommodate time zone differences and are trained in cultural sensitivity.
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How will you ensure the security of my sensitive financial data?Data security is paramount. We comply with international data privacy regulations like GDPR and offer robust security measures like encryption and secure data transfer protocols.
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How can you guarantee the accuracy of the accounting work done in India?We prioritize quality control. We have an established process for reviewing work, utilizing qualified personnel, and providing regular performance reports.
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Do you have the necessary technology infrastructure for seamless collaboration?We utilize cloud-based accounting software, secure file-sharing platforms, and video conferencing tools for efficient communication and project management.
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What are your preferred communication methods (email, video calls, etc.)?We are flexible and can adapt to your needs. Connect with us over video call or email us at hello@violetflo.com
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Can your services scale as my business grows?Yes, we have a pool of qualified professionals who can adjust their services to meet your evolving accounting needs.
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Do you offer a project-based engagement before committing to a long-term partnership?Yes, we offer project-based work to allow a risk-free assessment of our expertise and service quality before entering a long-term partnership.
