Outsourced Accounting

With Outsourced Bookkeeping service, PBS (Perfect Bookkeepers) assist our clients to record their financial transactions using a software package of their choice.

PBS has a expert team who knows perfect working in QuickBooks, Myob, Xero Peachtree, Netsuite, Quicken, Tally Erp, Sage, Swrill, Marg, Intuit and many more.

Accounting Bookkeeping Services PBS Offers

Bookkeeping Value Addition- Specialized Reporting

Apart from all the standard bookkeeping services, PBS also offer custom reports that enable customers to better analyze their revenue and expenses. A list of additional services provided is as follows: We offer customized reports that help you analyze your revenue and expenses.

• Customer Reports – determine your most profitable and least profitable clients
• Employee Reports – analyze employee expenditures with year-end reports
• Break-up of Expenses – break down your expenses by category. Whether it’s by product line, office or region, this report gives you an efficient analysis of your expenses
• Event Analysis – determine your expenditure for individual events

Bookkeeping Services for Multiple industries

One size does not fit all type of businesses! PBS accounting bookkeeping services are custom-designed to meet your individual needs. Unlike most of our competitors, we know exactly what the differences between bookkeepers and accountants are, and provide our services tailored to your organizational goals. We offer a wide range of expertise, so you can create a package that best fit your business requirements. We offer bookkeeping for the following –

• Bookkeeping for Real Estate

Real estate professionals often need a well-experienced team of finance management experts who understand the unique needs and challenges of this industry. Choosing the right real estate bookkeeping service providers will not only help realtors reduce operational costs of their business and increase their revenues, but also leaves them with considerable amount of time, which can be used for other core activities of the company. Therefore, hiring a third-party bookkeeping service provider serves as a feasible option for real estate firms.

We are a leading bookkeeping service provider in India, offering services to numerous real estate clients across the globe. We cater to a range of customers in the real estate industry, including commercial developers, industrial property developers, brokers, real estate agents, etc. Outsourcing real estate bookkeeping services to us can help you avail numerous benefits.

Services We Offer

Our team of financial experts and accountants are capable of providing expert bookkeeping and financial planning services to property managers and real estate agents. We can help you with both, basic services as well as complex tasks, such as consulting on forecasting and strategy. Some of the key services of bookkeeping for real estate business we offer include –

1. Real Estate Accounts Receivable ServicesWe have the required skills and expertise to provide our clients with real estate accounts receivable services. Here, we offer a wide variety of services with the option of outsourcing the entire process or just a part of it. Some of our real estate accounts receivable services include –
   • Bill preparation
   • Record and account for revenue
   • Record receivable transactions
   • Prepare periodic statements
   • Prepare accounts receivable reports
   • Deductions management
   • Maintaining subsidiary ledgers
2. Accounts Payable Services for Real EstateOur accounts payable services are focused on completely transforming the real estate customer’s payment activities by automating the process. Some of the key services we offer include –
   • Data Collection – This involves sorting, batch preparation, document indexing, document storage and retrieval, audit and reconciliation, etc., which makes it easy for the realtors to quickly access all the information they want
   • Data Processing – Here, processes such as approval and exception routing, closing process, document audit trail, etc. are efficiently carried out
   • Suspect Duplicate Analysis – We also carry out printing and distribution of the checks, online check proofing, return check handling, e-payment handling, special invoice mail handling, etc., thereby make accounts payable simple for the realtors
   • Other Services – Some of the other real estate accounts payable services offered by us include creation of accounts payable reports, travel and expense processing, utility bill management, tax reporting, supplier management, etc.
3. Credit Card and Bank Reconciliation Our team of certified financial accountants will provide highly efficient credit card and bank reconciliation services at extremely reasonable rates. Some of these services include –
   • Reconciliation of credit cards in accordance with bank records
   • Cash book and passbook reconciliation
   • Reconciliation of invoices with journal entries and ledgers
   • Reconciliation of certificate and gift cards
4. Real Estate Financial Reporting Right from well-trained resources to world-class infrastructure, we have everything in place to provide you with highly accurate real estate financial reporting services. Some of the key financial statement preparation and reporting services we provide include –
   • Income statement preparation
   • Balance sheet preparation
   • Cash flow statement preparation
   • Budget management
   • Depreciation computation
   • Ledger maintenance
   • Tax reporting
   • Payroll management
   • Inventory management
   • Tally and Quickbooks entries

• Accounting and Bookkeeping for Banking Industry

We have been acting as a virtual back office to many banks around the world who have outsourced their bookkeeping and accounting needs. We also specialize in providing personalized banking services to finance and accounting institutions of all sizes.

Bookkeeping is a tedious but a necessary process with any company or financial institution. Maintaining accounts of financial transactions can put a huge burden on your operating and administrative costs especially if the volume of transactions is high. Outsourcing has come as a breather to banks – cutting down operational costs and saving time that can be invested in strategic functions.

Bookkeeping processes

Based on the nature of a bookkeeping project and your preference you can choose from among three processes that we employ for our banking services:

1. Server Based BookkeepingIn this process you can scan and upload your documents to a secure FTP server. Once this is done we will download the documents, update your books and then re-upload them back to the server. You can also e-mail us the documents which upon updating can be either e-mailed back to you or uploaded to a FTP server.
2. Remote access bookkeepingYou can also grant us remote access or VPN (Virtual private network) access to your computer or to a server that you choose. We can work directly on your machines without you worrying about the security of the data.
3. Application Service Provider (ASP) BookkeepingIf you use an online accounting software service such as QuickBooks online.com, then you can either e-mail or upload the documents that need to be updated. We will login through to the online accounting software and update the books. Once completed, we will contact you and you can login to the application to check the status.

Can banks outsource bookkeeping services?

Banks, unlike other organizations, need to engage in daily bookkeeping tasks because of the nature of their operations. This poses a greater risk and challenge in having accurate records of your accounts. Even a slight error in the books might result in disastrous consequences.

Bookkeeping services for the banking industry

We can handle the entire gamut of bookkeeping and accounting activities that banks have to deal with. These cover –

1. Daily ledger and journal entries
2. Maintenance of Accounts Receivables and Accounts Payables
3. Preparing and updating Profit and Loss (P& L) Statements
4. Preparation of Balance Sheets and Income Statements
5. Updating Bank Reconciliation Statements
6. Ageing Reports and Summaries
7. Preparation of Tax Statements
8. Maintenance of Assets and Liabilities books
9. Generating quarterly, monthly and yearly Cash Flow Statements

We use the latest accounting software tools such as –

1. QuickBooks®
2. Peachtree®
3. Quicken®
4. Creative Solutions Accounting®
5. Master Builder®
6. Microsoft Dynamics®
7. Oracle Financials 11i®

• Bookkeeping Services for CPA Firms

If you are a CPA firm, you’ll know that maintaining bookkeeping operations becomes increasingly difficult given the administrative expenses of running them. Outsourcing bookkeeping can not only save you money, but also give you more time to invest in your business.

We have been providing CPA bookkeeping services in functional areas such write-up services, sales and use tax preparation, accounting services, income tax preparation and financial statements preparation.

We can function as your virtual back office. We are flexible enough to accommodate some or all of your bookkeeping activities at costs almost half than your local market.

CPA bookkeeping services

Our bookkeeping services for CPA accountants & CPA accounting firms include –

1. CPA write-up services – Write-up services serve as a strong foundation for any company’s financial process. An efficient write-up service keeps your accounting information transparent. Our write-up services include the input and maintenance of complete transactional information such as general ledger entries, accounts receivables and accounts reconciliation.
2. Financial statement preparation services – Financial statements show how a business is doing at any period of time. Updating and maintaining financial statements is time-consuming. Our bookkeeping services include preparing financial statements such as Profit & Loss, Cash Flow & Balance Sheet statements. Qualified personnel take care of minute nuances such as changes in finance and accounting standards to keep your financial statements crisp and up to date.
3. CPA income tax preparation services – As service costs increase in a sluggish market, firms have found that outsourcing income tax preparation services can be cost-effective and can speed up business operations manifold. Our income tax preparation services cover individuals, partnerships and companies. We can interpret P/L statements and classify every item in the statement.
4. CPA sales and use tax preparation: Our sales and use tax services can relieve you of the burden of handling huge volumes of return and save you costs that you can invest into your business. We work with the latest accounting software and you can choose the software that your business uses for us to work on.
5. General bookkeeping services for CPA firms – Not all businesses have the resources to run bookkeeping operations smoothly. We can take up a specific area of bookkeeping such as accounts receivables or provide you with a range of bookkeeping services. You can send us your statements as scanned images by email or have them uploaded to a FTP server. Our personnel will then download and enter them in the software that you have chosen and send them back to you.
6. CPA accounting services – As your business grows, so does your accounting needs. By outsourcing accounting you can have a professional team maintain and update your accounts at a cost much lower than hiring staff locally. We work with various accounting software such as QuickBooks, Netsuite, Peachtree, Quicken, Sage and Intuit. You can specify which software you want us to work with and we will deploy the personnel based on the scale and complexity of your requirement.

• Bookkeeping Services for Small Businesses

Small businesses are often faced with the challenge of growing their business and having to cope with rising costs. Once considered to be done by huge companies, outsourcing a non-core function such as bookkeeping is now being done extensively by many small businesses.

We have been providing small business bookkeeping services to companies around the world for over 20 years now. With small business accountants on par with those available locally but at a lesser cost, we help companies to reduce expenditures and improve their financial performance.

Small business bookkeeping services

Our bookkeeping services include:

1. Financial statement preparation services – Preparing and maintaining financial statements is critical to small businesses. They are mandated by the companies act and also show the company’s financial health.

Outsourcing financial statement preparation saves you this labor intensive job and gives you the time to grow your business. Our financial statement preparation services cover profit / loss accounts, trial balances, cash flow statements, balance sheets and financial statements analysis.

2. Small business accounting services – Hiring a virtual accountant from us can keep your bookkeeping operations running smoothly without the added costs of hiring and maintaining an accountant in-house.

We have experience and expertise in working with accounting functions of small companies. We work with the latest accounting software such as QuickBooks, Netsuite, Peachtree, Quicken, Sage and Intuit. You can choose which software your business works with and we will get up to speed on that.

3. General bookkeeping services for small businesses – Most entrepreneurs start their small businesses because they have a passion for their product or service – bookkeeping is often seen as chore that must be tolerated to stay in business.

We can relieve you of this chore and take up all the painstaking work of maintaining your bookkeeping operations. From simple maintenance of ledgers to reconciliation of accounts to preparing cash flow statements, we can handle them all.

4. Accounts cleanup – Maintaining an accurate book of accounts is important to any small business as it necessary to keep a check on the expenses and cash inflow. Maintaining an error-free bookkeeping operation requires expertise and speed, especially during the financial year end and tax seasons. Our accounts clean up services include tallying account items with actual expenses and inflows, classifying items in the correct category and removing any dead transactions.

• Bookkeeping Services for Large Corporations

As a huge organization, real time maintenance of your transactions and financial operations is quite a tedious job. The volume of transactions and the need for regular upkeep of records requires a dedicated team. This becomes an organizational burden as you have to devote resources, infrastructure, finances and managerial time for mundane tasks.

Thinking of outsourcing your bookkeeping and accounting services at this juncture? By outsourcing your bookkeeping services you not only eliminate the chores of maintaining an accounting back office, you also save a huge amount on your operational costs. AWe provide professional accounting services and bookkeeping services to large corporations. We have a full fledged team of qualified accounting professionals who will function as an extension of your finance department.

Large corporations accounting services

Here is a brief about the general accounting back office functions that we undertake for large corporations –

1. Large corporation accounts payable services – Our large corporation accounts payable services team can manage your entire back office transaction activities including invoice management and receipt issues.

2. Large corporation accounts receivable services – Get the correct picture of your cash flow with our large corporation accounts receivable services.

3. Large corporation cash flow management – Get liquidity status reports, voucher entry and petty cash managed and maintained accurately. Also, streamline your receipts with our lock box services.

4. Large corporation general ledger services – Make your auditing easy and hassle free with our financial data entry, manual journal entry, daily ledger entry, preparation of financial reports and bank reconciliation services.