Accounting
Lucas Pacioli is considered to be the Father of modern bookkeeping. The only recording of financial transactions in bookkeeping is not enough to achieve the commercial objective, but also it is important to know the financial result.
It is necessary that the recorded transaction is collected, classified and summarized. This work is done by accounting. After identifying the financial transaction, through the basic accounting process, these are recorded properly in a systematic manner in the books. The meaning of accounting can be made clearer by understanding its process and components.
We provide the entire range of accounting /bookkeeping services including recording or summarizing financial transactions, bookkeeping, analyzing or verifying financial information, auditing, reviewing or compiling financial statements, reporting financial results, financial planning, providing attestation or tax or consulting services.
Accounting & Booking Services
As a small business owner, you have more important things to do than to keep your own books. Let me take care of your books for you, so you can get back to the job of running your business and generating profits!
Understanding your business’s financial situation is based on how well your accounting and bookkeeping tasks are being managed.
Free up your valuable time by handing off this time consuming task to the accounting professionals at Edge Tax & Accounting, LLC. Outsourcing your accounting and bookkeeping tasks will give you peace of mind and leave you feeling more confident about your company’s accounting and bookkeeping accuracy and reliability. With one less aspect of your business to balance on a daily basis, you can focus on other areas of your core business to keep moving your business forward!
- We prepare and examine financial records & ensure that financial records are accurate and that taxes are paid properly and on time.
- We assess financial operations and work to help ensure that organizations run efficiently.
- We Inspect account books and accounting systems for efficiency and use of accepted accounting procedures
- We Suggest ways to reduce costs, enhance revenues, and improve profits
- We Prepare Monthly and Annual company reports.
- We Prepare company accounts for tax returns
Payroll Outsourcing
Payroll and its component is effective tool for any organisation to retain the employees for a longer tenure. Trustcore approach to process payroll is robust from structuring to disbursement. We are not process payroll but also manage both employer and employee expectation, enforcing accountability, risk control and compliance from both state and central regulations as a strict mandate.
Our approach of meeting employees on regular basis to give a clear clarity on their taxes, help employees in planning their investment and file their tax returns. We also ensure a complete legal compliance in terms of labour Provident Fund, Employee State Insurance and all other allied laws prevailing in India.
Why Outsource Your Payroll...
- Use your staff more efficiently by letting me handle payroll and the associated legal details. Payroll advice also available!
- Reduce overhead by removing the need to hire specialized employees.
- Payroll service eliminates the burden of customizing, updating and maintaining your own payroll system--no more researching updates or new laws, no more worries.
- Federal, state and local payroll tax laws are frequently changing and becoming more complex. How much time do you want to spend learning all the rules and keeping your information up to date?
Management Information System (MIS)
A Management Information System is a system that provides information needed to manage organizations efficiently and effectively. Further, it is regarded as a subset of the overall internal controls procedures in a business, which cover the application of people, documents, technologies, and procedures used by management accountants to solve business problems such as costing a product, service or a business-wide strategy. Trustcore solutions will cover the below area of responsibilities
- Monthly accounts of transactions
- Cash Flow
- Sources & uses of funds
- Ledger & Journal
- Monthly Return and Statement Processing
- Trial Balance & Balance Sheet
- Payroll Accounting
- Accounts Payable
- Accounts Receivable
- Annual reports and financial statements of competitors