Setting Up of Chart of Accounts

Posting of purchase transactions including Purchase order, Purchase invoice and receipt of inventory

Entry for other purchase related expenses for calculating landed cost (useful for arriving the cost of material consumed)

Updating the inventory records for issue of material to production

Posting necessary entry for transfer of material between locations

Posting of stock adjustment entries, such as loss and wastage

Allocation of overheads

Recording of estimates, quotes, sales invoices and delivery note

Verifying and recording bills from vendors

Payment to vendors (directly and if clients use Bill.com, our team can support it’s process)

Processing employees’ pay and update payroll file

Recording depreciation and other adjusting entries

Project wise expense segregation and allocation

Month-end or year-end closing entries

Sharing the monthly reports as required by management