1. Cloud Based Accounting
Cloud accounting software is similar to traditional, on-premises, or self-install accounting software, only the accounting software is hosted on remote servers, similar to the SaaS (Software as a Service) business model. Data is sent into “the cloud,” where it is processed and returned to the user. All application functions are performed off-site, and not on the user’s desktop. In cloud computing, users access software applications remotely through the Internet or other network via a cloud application service provider. Using cloud accounting software frees the business from having to install and maintain software on individual desktop computers.
Benefits of Cloud Accounting
• Cloud Accounting provides for safe storage of data with routine backups thus mitigating the risk of loss of data.
• It is based on pay as you grow model thereby allowing small businesses to add required features as they grow. • It provides multi-user access from remote locations thus enabling quick communication and better management of tasks.
• Cloud accounting software contain built-in mechanisms to identify and eliminate double entry mistakes and human errors thereby enhancing data accuracy.
• Cloud accounting softwares notify in advance, the schedule of software updates required so as to avoid any unexpected downtime.
2. Offline Accounting
Offline accounting is similar to traditional, on-premises, or self-install accounting software. The system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results, the principles and procedures of this system
3. Payroll Processing
Payroll processing in one of the significant operations of a business that often consumes time & efforts. Outsourcing pay roll processing will take away substantial burden of your shoulders so that your precious time and resources can be diverted towards more vital operations.
• Processing your payroll based on latest legislative updates.
• Ensuring compliance with;
-Employees State Insurance
-Labour Welfare Fund, etc
• Issue of Payslips and Form - 16
• Compliance with TDS provisions and related filings.
• Preparation of consolidated pay roll reports.
4. Loan Syndication
Loan syndication is the process of involving several different lenders in providing various portions of a loan. Loan syndication most often occurs in situations where a borrower requires a large sum of capital that may be too much for a single lender to provide or outside the scope of a lender's risk exposure levels. Thus, multiple lenders work together to provide the borrower with the capital needed.
We assist corporate borrowers in coordinating all aspects of a Loan Syndication Deal.