Bookkeeping Services
We provide complete bookkeeping solutions to small & medium scale enterprises. We also help in managing the books of accounts by setting the key performance indicators of your business and measure it timely. Outsourcing bookkeeping service has become a new norm of handling the books of accounts. The reason being in house bookkeeping not only takes an ample amount of time but also is a tiresome activity. Especially for small or medium scale business, it takes space, time and costs that may better put in use for core business purposes.
Role Of VBS GLOBAL:
Cloud-based accounting on QuickBooks, Zoho Books, Xero, Reckon etc.
Day-to-day bookkeeping and accounting.
Bank and Credit card reconciliation services.
Preparing Profit and Loss and Balance Sheet reports.
Adjustments to year-end accounts.
Payroll Management
Our payroll services help you to take care of your payroll liabilities and ensure that they are correctly collected and
correctly paid. Being a top payroll administration service providing company we work closely with our clients to understand their concerns and address
their fundamental challenges before moving to core aspects of payroll management. Our payroll processing outsourcing services can lower your business expenses in keeping a clean payroll system.
Role Of VBS GLOBAL:
Maintain employee master details.
Set up employee master details in the software including name & address.
Run payroll cycle and provide reports to clients for final review.
Submit payroll once we obtain approval from the client.
Accounts Receivable Management
Our team of experienced AR specialists provides customized account handling solutions as per your business requirement. Great receivables management specifically adds to an organization’s benefit since it lessens terrible debts. The organization likewise having a superior income and higher accessible liquidity. Besides, great receivables management boosts
an organization’s professional image
Role Of VBS GLOBAL:
Reduces the total balance outstanding.
Preventing any bad debt in receivables outstanding.
Determining the customer’s credit rating in advance.
Frequently scanning and monitoring customers for credit risks.
We analyze your invoicing and customer interactions to create a
concrete plan for receiving regular payments. This is achieved with the
help of our order management, customer billing, and customer aging
services.
Our resources are well trained in the best Accounts Payable management
software like Bill.Com.
By managing the appropriate Accounts Receivable cycle, we reduce the
risk of Bad Debts.
Accounts Payable Management
Our accounts payable services track your vendor’s account on regular note and also helps your business run smoother.
Vendors are life line to any businesses and keeping track of business’ payable is a key to uninterrupted support required for
efficient functioning of the business. We assist our clients with end-to-end procure to pay cycles.
Role Of VBS GLOBAL:
Vendor set up and maintenance.
Purchase order processing.
Invoice and payment processing.
Vendor statement reconciliation through our teams.
We effectively manage your accounts payable process and reduce
accounts payable fraud by organizing and managing bills.
We keep track of all aspects like invoice imaging, storing, approval, expense
allocation, and online payment approval.
We analyze the AP Agitating report to set the best payment cycle to
avoid delayed payment charges.
Our resources are well trained in best Accounts Payable management software
like Bill.Com.
Bank & Credit Card Reconciliation
VBS GLOBAL offers bank reconciliation services and helps our client match and compare accounting records against those shown on
a bank statement. It allows our clients compare their account records to the bank’s records of their account balance in order to uncover any possible
discrepancies.
Role Of VBS GLOBAL:
Daily, weekly, or monthly data entry from your bank accounts to your
accounting software.
Reconciliation of all cleared transactions, open deposits, and open checks.
Matching bank reconciliation balances to your trial balance for financial
statement review.
Cash reporting as needed.
We record all transactions from your bank & Credit Card accounts and
offer their reconciliation with the statements.
We review both cleared and un-cleared transactions to ensure the correctness
of posting.
We synchronize the accounts with the Accounting Software to perform
this process faster.
Zoho/Quickbook/Xero Setup
We help in setting up your accounting software through a checklist, converting a client from a legacy software to
Zoho/Quickbook/Xero. Using cloud accounting software releases the business from having to install and maintain software on individual desktop computers.
Cloud accounting solutions also allow employees in other departments, remote or branch offices to access the same data and the same version of the
software.
All application functions are performed off-site, not on the users’ desktop. In cloud computing, users access software applications
remotely through the internet or other network via a cloud application service provider.
Role Of VBS GLOBAL:
Ensure successful implementation
Providing automation to the business accounting and finance services.
Consulting on cloud accounting services.
Annual support contracts.
Month-End Review
Get reliable support for producing a wide range of monthly financial statements. Our teams work hand-in-hand with onshore staff
to pull together accurate and relevant information for effective reports.
Bookkeeping for CPA’s/Virtual Admin Assistant Services for CPA’s
CPA firms do offer a blanket of services to compliment the unique requirement of their clients, their prime focus is on offering
advisory service, conducting audits, managing compliance requirements, tax planning, etc. Profitable CPA firms are well aware of the fact that bookkeeping
can be extremely time-consuming and can negatively impact the bottom line. Besides, it can shift the focus from the core business.
VBS GLOBAL understands this gap and therefore partners with CPA firms in the USA, Australia, UK and Canada to offer bookkeeping
services to their clients. Regardless of where you are located, we will take care of the bookkeeping requirements of your clients. We believe in delivering
results that match up to your expectations and therefore we consult with you to ensure that your client’s books are in line with your preferences.
Role Of VBS GLOBAL:
We partner with CPA firms to support them with their bookkeeping
services.
Expertise in using different accounting software like QuickBooks, Xero, Zoho
Books, Myob, Sage, Wave, Reckon etc.
We provide backlog accounting and clean-up services.
Fast turnaround time of 3, 6, 12, or 24 hours, depending on the urgency of
your requirements.
1. Virtual Accounting
– Recordkeeping & accounting
– Critical financial Reports (weekly/quarterly/annual)
– Reconcile Control Accounts
– Budgeting & Forecasting
– Year-End Accounts
– Tax planning and preparation
– Cash flow projections
2. Virtual Bookkeeping
– Compute and record all transactions and accounting data entry
– Bank & Credit Card Reconciliations
– Cash Flow Management
– Balance Sheet Management
– Trial Balance Management
– Payroll Management
3. Administrative Tasks
– Accounts Receivable Management
– Accounts Payable Management
– Loan Account Reconciliation
– Order management, customer billing, and customer aging services
– Data Entry
– Fixed Assets Management
– Inventory Management
– Financial planning and advisory services
– Generate time entry reports
– Report timesheet for employees and contractors
– E-mail tax returns to the clients
– E-mail financial statements to the clients
– E-file tax returns
– Generate daily report of E-filing status of tax returns
– Create invoices for CPA Clients
– E-mail clients for missing items to prepare their tax returns and financials
– Organize, upload and edit documents in various platforms like Sharefile /
DropBox / Qount
– Organize and monitor Client’s Outlook
– Organize, monitor and respond to clients in CRM system
4. Reports
– Creating various reports with accounting software
– Sorting & organizing paperwork
– Marketing statistics & performance report
– Control Accounts Reconciliations
