Accounting & Bookkeeping services
Are you a CPA, ACCA, CA firm looking to get certain accounting & bookkeeping roles outsourced?
At RTRSupports Limited, we perform value-added bookkeeping and accounting outsourcing for CPA firms, ACCA firms, and other accounting & bookkeeping services auditing firms across the globe.
Accounting Outsourcing and bookkeeping roles to an offshore accounting team at the low-cost destination will not only help in saving on cost but would also enable you to utilize the time saved and resources bandwidth in planning & performing core accounting and bookkeeping services more effectively.
We will work both as a virtual back-office, accounting, and bookkeeping activities confidently with your help.
- Bringing in an increased focus on business development and enhancing your market reach.
- Utilizing the time to try and develop more efficient accounting outsourcing services and products to win clients in an ever-changing and dynamic business environment.
- Decreased turnaround time in reverting back to clients due to time difference advantages and getting the job done from bookkeeping professionals with experience of working on similar assignments across the globe.
- Increasing your bandwidth to build business relations with additional clients and getting the non-core accounting functions like accounting and bookkeeping services, taxation preparations, reconciliations, invoicing etc done from us.
- Substantial Saving of costs as the rates of providing such professional services is lower enough to save 40-50% of costs if compared to the rates of the same being done in-house or from local contractors.
The indicative range of accounting outsourcing function roles that we can do for a Practicing CPA, ACCA, CA is as under:
- General Bookkeeping Services: We can provide a range of bookkeeping and accounting services for your clients or can also take up any specific area of the job such as: Account receivables, Account payables, Reconciliation, Payroll, Invoicing, and other related bookkeeping roles. We can assign you with a dedicated team of professionals with experience of working in similar industries and markets.
- Accounting services: We are proficient and have experience in setting up and maintaining accounting for small, mid-sized business enterprises. We also offer tailor-made accounting outsourcing solutions that depend on the various needs of different clients of what they want. We have hands-on experience and are working on the latest and most reliable accounting packages used globally for processing accounting for small, mid-sized firms like: Quickbooks (various versions), Peachtree, Quicken, MYOB, XERO, Clearbooks, and other similar accounting packages. You can specify your requirements of the accounting software to be used for different clients and we can accordingly deploy resources with requisite accounting experience.
- Income Tax Preparation services: We are involved in computing income taxes for individuals, partnerships, and limited companies for the US, UK, and Australia based clients. We also do income tax returns and their calculations that help you to do the review so that the work which will be executed should execute at a minimum cost to maintain the quality. All kinds of income tax activities or making all sorts of income tax reports are prepared by us on behalf of your clients in a stipulated time frame.
- Preparation & analysis of Financial Statements: We can provide you with regular reporting on the financial statements of different clients as and when required. Once the bookkeeping process and accounting services are being done, care is taken to make sure that the financials are tied up to account for all income and expenses. All the accounting standards should be met by the bookkeeping process and accounting services. This helps the preparation and depiction of a fair financial position of an enterprise from time to time. We are also doing a financial analysis of the past profitability and financial position of a business enterprise. We can provide you with comparative key trend analysis, ratio & variance analysis for the various account balances which are increasingly being used by business owners to understand the brand positioning, product acceptability, market reach, and customer satisfaction. This again helps make business decisions and to plan for the future.
- Sales & Use Tax, VAT, and GST computation & filing services: We have been also providing services relating to necessary calculations, workings, and documentation work for the filing of monthly/quarterly and annual sales tax, VAT, and GST returns as applicable to business enterprises. You can outsource the computation and preparation of such returns as computing & preparing relevant taxes for an enterprise primarily involves interpreting the income statements and doing relevant computations based on the prevalent statutory requirements. After completion of our work, you can make a review of our work so that you will come to know that all the work is done by our experts and professionals.
Financial Modeling and preparing Business Plans: With experience in preparing Business Plans and doing financial modelling for enterprises gives us a chance to utilize our skills and offer you financial modelling and business plan preparation assistance for your clients, startups, and growing business enterprises. With the team having experience of working with leading Investment Banks and Big4 Accounting firms in the UK, we can assist you with preparing iterative financial models for projecting business cash flows for the next 5-7 years and doing a sensitivity analysis. Preparation of financial models can be used by business houses to do informed budgeting for the next 2-3 years and to raise funding. equity or debt.