Online Accounting Services by Lekhakar

Transform Your Business with Reliable Online Accounting Services

If you maintain an entire team of accounting professionals, it becomes costly for your business. Try online accounting services by Lekhakar.

Our team of expert accountants have years of experience in company accounting. Overcome your accounting challenges and adopt the new way. 

Start your journey with Lekhakar, hire us today!

What do online or virtual accounting services mean?

Online or virtual accounting services mean that the accountant or team of accounting professionals perform the accounting task virtually. They use internet connections and different cloud-based accounting software to perform the accounting work. 

Companies or businesses that hire online or virtual accounting services as and when required. No long-term fixed contract between the two parties allows companies to reduce financial burden.

Difference between virtual and traditional accounting services

Virtual accounting services are provided online, there is no physical presence of accountants and no accounting activities happen in your office. All the tasks are done through online accounting firm services.

On the contrary, in a traditional accounting service, accountants and accounting professionals work from the company office. In previous accounting systems, accountants used on-premise software and installed it on all computers. 

However modern accounting systems do not involve installing software or regularly updating it.

Whatever the differences between the two may be, a virtual accountant performs all the activities similar to a traditional accountant.

So, you don’t need to worry about the accuracy of Lekhakar’s Online Bookkeeping services.

You can also communicate with our accounting professionals, who are handling your project, through video conferencing.

Our online accounting services include: 

Managing accounts payable and receivable

Accounts payable is considered to be the current liability of the business. This is because the accounts payable lists all the names who are to be paid in future. The accounts payable list helps to calculate if the business is running profitably.

On the other hand, accounts receivable consist of names of businesses and clients who will pay your company in future. So, it becomes your business asset. When calculating business profitability or loss, you will need both - accounts receivable and payable.

Lekhakar offers you the best virtual accounting services to ensure proper maintenance of the accounting system. Hire our online bookkeeping service to avoid mistakes in your financial reporting system.

Bank Reconciliation Service

Bank reconciliation service is a process of synchronizing transaction entries of a bank account with your business accounting books. Sometimes a mismatch may occur between accounting entries in your books and in the bank statement. If you do not identify the issue in your books, it may create future complexities – false financial reporting, false decision-making, etc. 

Try Lekhakar’s online accounting services to streamline your accounting system and synchronize your bank entries without errors.

Inventory accounting

Inventory accounting is the process of valuing goods in the inventory and re-evaluating goods after changes in their nature. For example, raw materials, in-process goods and finished goods have different values. When raw materials are used to make the final product, the end product value changes. 

Inventory accounting requires meticulous details of the good's condition. If you do not keep count on them properly, your entire business system may be disrupted.

With virtual bookkeeping companies like Lekhakar, relieve yourself from the complex task of inventory accounting. 

Employee payment

Calculation of gross salary, net salary after all the deductions and finally paying employees is a complex and sensitive task. Employees work for your business and they expect to be paid accordingly within the due time. If you do not pay your employees within the due date, they might lose the motivation to work. 

Pay your employees within time and grow your business with Lekhakar’s online accounting services. Our virtual accounting services ensure that each of your employees gets paid on time.

Managing and sending custom invoices

When your business takes services or purchases goods from another company, they send your invoices citing the due amount. If you do not properly manage all the incoming invoices, you cannot pay your clients in due time. It disrupts your relationship with clients.

Similarly, when you sell your finished goods or services, you send invoices to the buyer party. Sending them custom-made invoices shows the professionalism of your business. It also increases cash flow into the business.

Lekhakar’s online bookkeeping services monitor all the incoming and outgoing invoices for your business. Our accounting service keeps track of all your invoices in real time.

Avail of our virtual bookkeeping services today!

Preparing financial reports

Financial reporting for a business involves collecting relevant financial data of the business and preparing a report with it. It helps to reveal the existing situation of the company to the management, stakeholders or government. Financial reporting helps you to make valuable informed decisions for your business.

With Lekhakar’s online accounting service, you can improve business performance through our financial reports. 

Why choose Lekhakar for online accounting services?

In the modern times of cloud computing, Lekhakar uses the best available software in the market. Besides, a team of trained and experienced accounting professionals will take care of your accounting needs. No matter the size of your business, we have the perfect accounting solution to fit your needs. 

Contact us today to hire our online accounting services!

FAQs 

1- How does cloud computing help in online accounting services?

Cloud computing is a modern and technologically advanced method of accounting. In this process, all the accounting data of your company is stored in a secured online server. You, your accountant or any authorised person with a valid user ID and Password can access accounting data. 

It allows virtual bookkeeping companies like Lekhakar and our accountants to access online data and manage your business transactions.

2- Why is online accounting better than traditional accounting services?

In the traditional on-premise accounting system all computers in the office needed to install and update accounting software. It was hectic and also resource-consuming. 

Modern virtual accounting services use cloud computing technologies. In this technology, all data is stored in online servers, so you don’t need to install and update software on all computers. 

Accountants don't even need a physical office, they can work from anywhere. It saves costs for the company and also opens the opportunity for outsourcing online accounting services.

3- Is it difficult to migrate to online accounting from traditional accounting?

No, it is very easy to migrate from a traditional accounting system to a modern online accounting system. The accounting tools Lekhakar uses provide the migrating tools to migrate traditional accounting data to the new accounting software.

Some tools let you upload data through spreadsheets, excel sheets, etc. Once you update your previous financial data with the present accounting software, you are ready to go.

4- What if all the computers in my office are damaged? How should I retrieve financial data?

Even if you damage all your computers in the office, you will still be able to retrieve all your accounting data. This is because all data had been saved in the cloud servers. All you need to have is a valid ID and Password to enter the portal.

5- What are some of the online accounting software used by Lekhakar?

Busy, Sage, QuickBooks, and Zoho are some of the online accounting software used by Lekhakar.