- What we have
What is Virtual Accounting ?
Virtual Accounting is an activity of virtually
Recording
- Sales
- Purchase
- Expenses
- Payments
- Receipts
Tracking
- Fixed asset
- Investments
- Stocks and Equity
Reporting
- Profit & Loss
- Balance Sheet
- Stocks and Equity
- Trial Balance
- Cash flow statement of financial transactions in a business
Why your business needs it?
Keeping Financial records clean and update becomes critical to keep business afloat. Proper accounting allows business owners to navigate their financial goals quickly and help them grow in measured and planned manner. Remote accounting is flexible, cost-effective, and the future of accounting for businesses of all sizes.
Shape
We at Numbro consulting have a dedicated team passionate towards performing accounting aspects and there by delivering value to the organization and ensuring the space for business owner to focus on their core competencies
We provide full accounting Expertise to handle day-to- day services that would normally be managed in-house; reducing the stress of your hiring and retaining industry experts, keeping up-to-date on the latest accounting and compliance amendments, and overseeing internal controls.
- What are risks
Risk of not having a proper Accountant?
Risk #1: Disorganized books of Accounts
As a business owner, you have multiple tasks clamouring for your attention every single day. And it never ends.
Finding time for updating your accounts or identifying the mistakes done by accountant becomes challenge and when you’re too busy to do the bookkeeping, it’s easy to lose track in managing your core business.
Risk #2: Missed deadlines
It sometimes seems that tax and payroll tax deadlines are the lifeblood of businesses. And we all know the government doesn’t mess around when you miss a deadline and you’ll owe fees and penalties your business may not be able to bear. Accountants are deadline savants—they have to be. They’ll make sure whatever deadlines affect you are met.
Risk #3:Poor business decisions that affect the future of your business
How can you make a good business decision without knowing the state of your financial health? An incomplete or bad picture of your finances can imperil the hiring of new employees, the growth of your business, even your marketing budget.
This is where an accountant can swoop in and help save the day, with reports, charts and graphs that not only point the way to your future but answer your questions and inform anyone who needs to see your financials.
Risk #4: Facing Notices & Audit.
Business owner finds it difficult and often leads to stress and anxiety in facing Audit or handle notice received from department when their records aren’t up to date or in the best of shape.
What you know is a clerical error can look very much like fraud to an auditor or department official. And if you don’t have the records to back up your claim you land up paying interest and penalties.
Working with a good accountant will greatly reduce the risks of any of these things happening, because your books and records will be organized, accurate and up to date.
Value of accounting
Organized financial transactions
Basis of filing tax returns
Decision making for business owners
Keeps legally compliant
Basis for granting loans
Basis for investment
Why Accounting has to be out-sourced?
The advantages of outsourcing your accounting are limitless. It’s less about the bottom-line and more about saving your time, having quicker access to financials, stability and scalability, and having the right people ask the right questions.
We provide full accounting Expertise to handle day-to- day services that would normally be managed in-house; reducing the stress of your hiring and retaining industry experts, keeping up-to-date on the latest accounting and compliance amendments, and overseeing internal controls.
- Who we are
About us
Our Values
- Passion for accounting
- Excellence
- Training and continuous learning
- Dedication to handle client books as ours
- Team work
- Honesty and integrity
Advantages
- Right people
- Better Decision Making
- Best Work
- Data Security & Privacy
- Save Money, Time & Office Space
- Enhanced Internal Controls
- Quarterly Advance Tax Computation
- Advance Tax Payment Assistance
- Withholding tax payments (TDS) (Salary and Non-Salary) – Computation
- Withholding tax returns (TDS) (Salary and Non-Salary)
- Issuing Withholding tax certificate (TDS) (Form-16A Non-Salary)
- Issuing Withholding tax certificate (TDS) (Form-16 Salary)
- Certification Assistance for withholding taxes on foreign remittances (Form 15CA/15CB)
- Transfer pricing (applicable in case of foreign related party transactions)
- Filing of Annual Income Tax Return
- Filing Details of outward supplies of goods or services (Form GSTR-1)
- Filing Provisional monthly return (Form GSTR-3B)
- Return for input service distributor (Form GSTR-6)
- Annual return (Form GSTR-9); and GST Audit (Form GSTR-9C) if revenue is INR 2 crore or more
- Computation
- Payment Assistance
- Monthly Return Filing
- Annual Return Filing
- Computation
- Payment Assistance
- Monthly Return Filing
- Annual Return Filing
- UAN Activation
- PF Withdrawals
- KYC update
- PF Fund Transfer
- Merging two or more PF Account in one
- Computation
- Payment Assistance
- Monthly Return Filing
- Half-Yearly Return Filing
- Profit and Loss
- Profit and Loss (Schedule III)
- Horizontal Profit and Loss
- Cash Flow Statement
- Balance Sheet
- Horizontal Balance Sheet
- Balance Sheet (Schedule III)
- Business Performance Ratios Payable Summary & Detailed Receivable Summary & Detailed Billable Expense Details
- Vendor Balances & Summary
- AP Aging Summary & Detailed
- Bills Details
- Vendor Credits Details
- Payments Made & Refund History
- Purchase Order Detailed & Vendor Wise
- Purchase Orders by Vendor
- Customer Balances
- AR Aging Summary
- AR Aging Details
- Invoice & Retainer Invoice Details
- Sales Order & Estimate Details
- Delivery Challan Details
- Customer Balance Summary
- Purchases by Vendor
- Purchases by Item
- Expense Details
- Expenses by Category
- Expenses by Customer
- Expenses by Project
- Expenses by Employee
- Our Services
What we provide in Virtual Accounting ?
Our team
Praveen
Designation
Praveen
Designation
Praveen
Designation
Praveen
Designation
- Why choose us ?
Why should companies choose us ?
We understand client needs
We try to provide services that are tailored made for our clients and their business by spending time in developing personal relationships with our clients. Just in initial meeting, we try to understand our client’s requirements in depth and the services they need. Our aim is to become our clients’ business partner who they can rely on to help them reach their goals.
Save Time
We try to provide services that are tailored made for our clients and their business by spending time in developing personal relationships with our clients. Just in initial meeting, we try to understand our client’s requirements in depth and the services they need. Our aim is to become our clients’ business partner who they can rely on to help them reach their goals.
Save Money
Our small business accounting services will help you save money. Our outsourced accounting services will help reduce your tax bill, increase profit margins, and scale your business. The best part is that our accounting services are inexpensive and perfect for small businesses who want to avoid the high costs of hiring an internal accounting department.
Assurance
Trust that your back-office accounting work is processed accurately and in a timely manner. Supply easy to use accounting system
Remind you of key filing dates and maintain a log to ensure you do not suffer late filing penalties
Improved Processes
outsourcing your accounting function provides an opportunity to upgrade and improve your current financial accounting processes.
develop better benchmark and baseline financial processes to help them meet regulatory requirements.
Modern Technology
Too many accounting firms are using outdated technology, resulting in higher costs to clients. We use modern technology to automate simple tasks, which in turn reduces the cost of service to you.
- We follow
Process we adopt
Understand
- business activity
- Organization Structure
- Current business processes
- Business data flow from various activities
- Reporting system
Analyse
- Industry analysis
- Standard industry practices
- Existing Challenges
- Business Goals
On-Board
- Finalise Scope
- Preparing Compliance Calenda
- Responsibility identification & allocation
Implement
- accounting package and tools
- Training & SOP
- Clear existing backlogs
- Mapping processes & systems
- Estabilish process of data sharing & storage
- Our services
Industries served
Retail
Restaurant
Pharma
Infra
Software
Educational Institution's
Manufacture
Professionals
Technologies We Use
Our happy clients says
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FAQ’S
Accounting plays key role in running a business. It helps you to track income and expenditures, ensure statutory compliance and provide information to investors, government and the management which can be used in making various business decisions.
If your business is too small to hire an in-house accountant or you simply don’t have the desire to do it yourself, you should consider outsourcing the task. While many small-business owners use QuickBooks, the software can be more complicated than expected. By outsourcing your accounting, you can free yourself to focus on other aspects of your business.
Cost-effectiveness – Salaries of professionals are significantly lower than those in Europe and other countries. This wage difference translates into cost savings.
24/7 operation – Offshore development facilities located in India are in the perfect time zone to help you operate 24/7.
Large pool of talent – Retaining experienced employees becomes difficult when they are given boring and repetitive work. Numbro India offers you a cost-effective talent pool that you can tap into for reliable service delivery.
Best Practices – Focused heavily on quality and continuous process improvement, offshore development centers operate at high levels of efficiency, predictability, and reliability. Our high process maturity greatly reduces risks and provides a significant advantage when managing service level agreements.
Shared drive or e-mail is our preferred. We can conform to any process that makes our clients’ life easier.
Shared drive or e-mail is our preferred. We can conform to any process that makes our clients’ life easier.
Yes, on a schedule to be determined. Daily, weekly, twice a month, monthly, quarterly and annually. We can customize to any schedule that you need.
It is only a myth that you lose control if accounting and book-keeping is out-sourced. The whole idea of out-sourcing is to streamline your financial tasks and keep your books updated by professional and reap multiple benefits which Outsourcing offers.
As it’s rightly said, do what you are best at, outsource the rest.