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Accounting and Book keeping Quick Books

Accounting and Book keeping Quick Books

MEPL Consulting Company (Private) Limited helps its clients to maintain correct and reliable accounting records not only to meet the legal requirements, but also crucial to the sustainability of your business. MEPL’s accurate accounting and bookkeeping #services enable the company to make informed decisions on expenditure, planning investments and controlling its cash flow. Each department of accounting helps in the overall decision-making process of the company. For instance, Financial Accounting assets with decision-making: It provides investors with a statistic of analysis for/and comparison between the financial health of securities-issuing corporations. Similarly, it also helps the creditors assess the solvency, liquidity, and creditworthiness of the companies. Diligence is very important, and nobody is willing to receive an unexpected/extra tax bill which may have been caused by poor accounting practices.MEPL Consulting Company (Private) Limited assists the clients in formulating effective strategies for optimizing taxes, implementing innovative tax planning, and effectively managing compliance.

Possible issues

Accounting problems can range from fraud and errors, to misplaced financial records, inaccurate books, over-reported profit, and various other accounting mistakes can cause your company to lose sight of and control over their company’s financial well-being.
How MEPL Consulting Company (Private) Limited can help you

Possible issues

  • Corporate Accounting.
  • Public Accounting.
  • Government Accounting.
  • Forensic Accounting.

Services

  • Accounts payable Management (bills and payments)
  • Accounts receivables Management (invoices and collection)
  • Daily General ledger maintenance
  • Time tracking & job cost reporting
  • Payroll processing
  • Expense classification
  • Sales commissions
  • Sales and use tax filing
  • Bank account reconciliation
  • Credit card reconciliation
  • Balance sheet generation and review
  • Advance Services
  • Budgeting & Forecasting
  • Financial statements & custom reporting
  • Inventory management
  • Work in process (WIP)
  • Coordinating with your CPA or tax adviser
  • Tax & Audit support
  • Monthly Financial Reporting Package
  • Balance Sheet
  • Profit and Loss Statement – Month
  • Profit and Loss Statement – YTD
  • Profit and Loss Statement by Class – Month
  • Profit and Loss Statement by Class – YTD
  • Cash Flow Statement
  • Accounts Receivable Aging
  • Accounts Payable Aging
  • Prepaid Expenses by Vendor
  • Accrued Expenses by Vendor
  • Deferred Revenue by Customer
  • Open Sales Order by Customer
  • General Ledger
  • Fixed asset management

QuickBooks is an accounting software package especially designed for mainly small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage, and pay bills, and payroll functions.

It is integrated with several web-based features including remote access capabilities, remote payroll assistance and outsourcing, electronic payment functions, online banking and reconciliation, mapping features through integration with Google Maps, marketing options through Google, and improved e-mail functionality through Microsoft Outlook and Outlook Express. For the 2008 version, the company has also added import from Excel spreadsheets, additional employee time tracking options, pre-authorization of electronic funds and new Help functions. In June 2007, Intuit announced that QuickBooks Enterprise Solutions would run on Linux servers, whereas previously it required a Windows server to run.

How MEPL Consulting Company (Private) Limited can help you

  • Setting up New Company accounts & Managing Chart of Accounts / Sub-Accounts
  • Working in the Customer center (Managing Account receivable, adding, deleting, or merging customers, creating the reports, and customizing the customer field)
  • Working in the Vender center (Managing Account payable, adding, deleting, or merging vendors, creating the reports, and customizing the vendors field)
  • Creating items in QuickBooks – Inventory, discounts, sub-total item, multiple items, Sales Tax etc.
  • Creating lists with their types.
  • Managing inventories and reconciliation
  • Bank & Credit Card Reconciliation.
  • Weekly, Monthly & Year End Reporting and Budgeting
  • Financial Statements, Financial Projections / Forecasting, Ratio Analysis, Key Performance Indicators.
  • Book closings