Setting up a small or medium enterprise involves multiple challenges. One such challenge right at the beginning is setting up a sound and reliable accounting department. Accounting is a function that forms the core of any business set up across all trades. Business decisions rely heavily upon the financial information at all stages from planning to execution. Efficient book keeping and financial control ensures the business runs smoothly and similarly, all future growth is possible only if the books are in order. Data, statements and projection are all vital financial figures to which an entrepreneur must have ready and round the clock access for sound business performance.
Apart from hiring and setting up an accounting department, modern business climate offers you the choice to hire professional and experienced accounting outfits for an affordable price. Accounting firms that operate as outsource partners provide reliable financial services at relatively lower costs and give you the benefit of sound and efficient accounting without the headache of running a full department. The quality of work and the experience made available by these accounting firms to their clients may otherwise be unaffordable and outside the reach of many smaller businesses.
If you are starting out in your business, engaging an accounting firm provides you the opportunity to avail the services of qualified specialized resources without the burden of hiring people and running the office. And in case you already have an established financial services department, outsourcing part of the work can help in reducing and managing the workload and increase efficiency. According to a recent estimate, outsourcing your accounting work can reduce your business cost by as much as 40 per cent. Hiring a specialist accounting firm does not only bring your running costs down but also provides your business with the benefit of an efficient and experienced accounting service. The Bottom Line Tax Service is that it saves you the time and effort of poring over financial matters and leaves you free to fully concentrate on running your business.
If you are setting up a new business or simply thinking of a restructuring to minimize losses and increase efficiency, you need to take a detailed look at the services we offer.
The Bottom Line Tax Service offers proven expertise in areas like book keeping, accounting and controller services. Bookkeeping includes the day to day business transactions like customer payments, bills, invoices, bill payments, disbursements and withdrawals. We maintain ledgers for Accounts Receivable, Accounts Payable and cash account and produce daily or weekly reports according to the clients’ preference. Payroll and related activities with tax calculation are also part of our portfolio. Our repertoire also includes preparing periodic reports, financial statements, bank reconciliations and taking care of your general accounting needs. Outsourcing your work to The Bottom Line Tax Service means employing a comprehensive accounts firm which can help you meet your objectives and maximize your profits.
Our goals are to:
Provide reliable, efficient and experienced accounting support to your business;
Ensure sound financial advice based on regular maintenance of your financial data; and
Contribute towards long term and sustainable success of your business by keeping an eye on the
projections and performance with regular appraisals and financial reports.
The cornerstone of our business philosophy is extensive and continued communication with the clients. We keep our client in the loop at all stages of our accounting procedures with regular reports for the client’s reference. All this data is accessible to the client round the clock through dedicated servers using the most modern software and backup facilities. In addition, we also act as business advisors by keeping an eye on the market trends and advising our clients on using the most modern and efficient methods related to accounting and financial services.