Accounting and Book Keeping services

Bookkeeping is the process of recording, in chronological order, daily transactions of a business entity. It forms part of the accounting information system. On the other hand, accounting is an information system– includes process of recording, classifying, summarizing, reporting, analyzing and interpreting the financial condition and performance of a business – in order to communicate it to stakeholders for business decision making.

Our professional team including CA’s, accountants and administrative staff are capable of handling all your book keeping and accounting processes, from basic AR and AP entry, payment and processing, to the more difficult duties of a CFO.

We apply stringent data / information security measures for your bookkeeping needs so that you can focus on your core competencies while we manage your bookkeeping activities. We at VFK realize the importance of being updated with accounting and are here to provide you with internationally accepted accounting & bookkeeping outsourcing services which can be utilized for various internal decision making and reporting purposes. VFK provides bookkeeping services & accounting services – weekly, monthly, quarterly and annually as per the requirement. VFK’s bookkeeping and accounting services include:

1. Setting up ‘books of accounts’ in required bookkeeping software / formats

2. Charting of accounts

3. Categorization of income and expenses

4. General Ledger maintenance

5. Invoicing services

6. Accounts Receivable services

7. Accounts Payable services

8. Preparing ageing reports and summaries

9. Reconciliation services – Accounts, Bank, Credit Cards

10. Preparing Financial Statements adhering to Generally Accepted Accounting Principles (GAAP)

11. Preparing and formatting Income Statement and Balance sheets on a regular basis

12. Cash Flow management

13. Payroll reconciliations, Etc.