Get Professional Business Accounting Services with Lekhakar

No matter the industry or size of the business, bookkeeping and accounting services are needed by every business. At Lekhakar, we offer professional bookkeeping and accounting services to meet your business needs. 

Stay on top of your accounting needs with our business accounting services which include:

1- Ledger Maintenance

Recording and summarising all financial transactions is essential when running a company. This is done by maintaining ledgers that can be classified as below:

• A general ledger for assets, revenue, and expenses that help stay apprised of the financial transactions.
  
• A sales ledger recording all goods and services provided by the company.
  
• A purchase ledger to maintain a detailed record of all goods and services purchased by the company.

Our experts maintain the above ledgers with accuracy to keep track of all the transactions that take place.

2- Optimise Cash Flow

To run a business smoothly, the cash flow needs to be maintained well. To understand your cash flow avenues and their efficiency, the below needs to be taken up:

• Generate invoices on time and clear them quickly.
  
• Manage your inventory to reduce overheads.
  
• Negotiate vendor terms and streamline the AP process.

Get expert advice and services on how to maintain records to improve your cash flow with Lekhakar.

3- Generate Financial Statements

To get a complete picture of a company’s financial health, all documentation needs to be maintained well. These financial statements include the below:

• Cash Flow Statements to get an overview of the flow of funds in the company.
  
• An Income Statement that provides a detailed account of all incomes and expenses.

For accurate bookkeeping and accounting services, including clear and detailed financial statements, choose Lekhakar’s business accounting services.

4- Maintain the Chart of Accounts

A financial tool that lists all the headers under which transactions are taking place in your company, the Chart of Accounts has the following uses:

• Reflects the company’s financial health.
  
• Makes it easy to maintain the accounts.
  
• Provides a detailed report that can be presented to the stakeholders.

Let our experts ensure that all your accounts are categorised under the Chart of Accounts for better maintenance.

5- Manage and Process Invoices and Receipts

If your records are sorted and your books are in line with industry standards, you can be audit-ready at all times. Further, this helps ensure the below:

• Proper financial management and compliance.
  
• On-time payments to all vendors
  
• Fewer errors during invoicing and payments.
  
• Creating an invoice management system suited to your company.

With business accounting services by Lekhakar, you can approach this task with ease.

6- Statement Reconciliation

Periodic reconciliation reports tally the records maintained in your ledger with your bank statements. This is done to

• Root out any errors in bookkeeping.
  
• Seek any pending payments that you have to make or receive.
  
• Locate assets that are yet to be processed.
  
• Prevents fraud and mismanagement.
  
• Ensure tax compliance.

Our experts are well-trained to perform statement reconciliation for your business.

7-Ageing Reports

Having a timeline is crucial for the on-time payment of any dues and invoices. An ageing report sorts all outstanding invoices based on how long they are due. This helps with the following:

• Identify invoices that are long overdue and seek payment for them.
  
• Assess the present financial condition of the company.
  
• Manage cash flow and evaluate credit risk.

Avail Lekhakar’s accounting firm services and get accurate ageing reports made for your business.

Why Lekhakar?

Leading financial audit companies like Lekhakar provide top-tier bookkeeping and accounting services. From expert accountants to financial advisors, we offer professional accounting services no matter the size of operations. 

With custom solutions to address your accounting needs, our experts at Lekhakar ensure that your business needs are streamlined.

FAQs

1- Are ageing reports useful?

Ageing Reports help set a timeline thus identifying trends and boosting cash flow. Further, they also help maintain a payment schedule, improving the payment process.

2- What types of accounting firm services are offered?

At Lekhakar, business accounting services are offered as virtual accounting services, part-time accounting services, and full-time accounting services. You can select the model you want based on your business needs. 

3- Is bookkeeping and accounting different?

While seemingly similar, the scope of the two activities varies significantly. Bookkeeping only involves maintaining the record of transactions. However, in accounting, these are interpreted, analysed, summarised, and reported.

4- Why should I outsource my accounting?

Maintaining an on-site, full-time accounting team can be expensive if you are just starting out. Instead, you can hire a professional accounting service as and when needed for your business.