Small and Medium Sized Enterprises(SME)

SME services

All the businesses regarding of its size and structure are obliged to record the transactions and file the tax based on the recording of such transactions. Further, different ratios, reports has to be generated and analyzed to compare the profitability of the business. We at Opulence Business Solutions provides outsourced accounting and finance services to small and large individuals/partnership/trust/company from diverse industries. Our services includes:

Accounting Systems and Internal Controls:

Setting up an accounting system to cover all areas of the business;

Setting up a system of internal checks and controls to reduce risk;

Preparing and maintaining accounting records/book-keeping on behalf of the client;

Preparation of various reports for internal MIS purposes or otherwise;

Preparation of various financial statements.

Payroll Administration:

Setting up a comprehensive payroll system;

Fully automated process;

Payroll structuring;

Generating regular reports for the management.

Designing Accounting Systems:

Designing and setting up the accounting systems based on the need of the company;

Review of accounting systems;

Budgeting and Forecasting

Preparation and forecasting of budget;

Cash flow projections;

Revenue forecasting;

Budget Modeling;

Monthly reporting and budget comparison.

Other Services:

Financial Accounting;

General Ledger;

Accounts receivables and collections;

Accounts payables and vendor management;

Billings

Bank Reconciliation;

Travel and Expense Processing;

MIS Reports;

Financial Reporting;

Financial Analysis;

Budgeting and forecasting;

Pricing Analysis;

Accounts Receivable Aging;

Accounts Payable Aging.