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INDIA

We, at KIP, provide proactive accountancy services to meet client’s needs. Our team of professionally qualified accountants has vast experience & knowledge to their credit. Our whole team strictly follows Accounting principles and Standards. Our services are structured to allow you to choose a full back office services. KIP offers its clients the following accounting services:

  • Bookkeeping- Recording the Financial transactions like- Sales, Purchase, Income, Receipts and Payments. We write your “daybooks” and save you from your bookkeeping “nightmares”
  • Preparations of Statutory Year End Financial Statements- We make a comprehensive report of your company’s activities and financial performance throughout the year. These include: Balance sheet, Cash flow statement, Profit and loss account, Auditor’s report etc
  • Interim Financial Reporting- We prepare your Interim financial reports that help you to know your financial position
  • Reconciliation Work- We compares your records to ensure the reliability of the financial records. It improves the accuracy of the financial reporting function.
  • Accounting for services industry 

Today is the era of services. Each one is required services to meet out their need whether it is individual or Business purpose and that is reason of growing the service industry. Services such as telecommunication, Banking, Insurance, Education, Amusement Parks, Cinema, and Entertainment etc are playing a crucial part in the economic development of each country. We, at KIP provide a full flash solution for Accounting of Service Business with our latest technical know –how that help to a Service Provider in taking complete overview of their business performance.

Our uniqueness of Accounting for Service Industry:

  • To assist in the compliance of Statutory Requirement such Service Tax, Income Tax, EPF, ESI, Sales Tax and TDS etc with considering the applicable law time being in force with maintaining the regular and up to date accounting of your business.
  • To Trace the Accurate financial reporting such as Trial Balance, Profit and Loss Account, Cash or Bank Book, Receivable or Payable Books etc.
  • Proper vouching of Receipts of Business along with accurate classification of your business expenses.
  • Timely Reconciliation Statement of Bank, Debtor and Creditors.
  • To assist in taking financial decision with the help of making ratio analysis.
  • Maintaining Parole Register, Fixed Assets Register and Journal Ledger Book in advance software such as Tally, QuickBooks etc.
  • Assist in making Audit compliance of your business.

You may be approach us for find out your business related Accounting solution. We are providing customized service to our client in the form of:

Regular Accounting Service

Monthly Accounting

Quarterly Accounting

Half Yearly Accounting

Yearly Accounting

On Demand Financial Reporting

Just send your business query or need by clicking GET a Quote and find solution within 12 working Hours.

  • Accounting for Manufacturing and Trading Business:

Manufacturing and Trading Activity are the core area of an Economy. It is the sector that provides a base for Primary sector and attracts the working potentiality for Service Sector. A Manufacture or a Trader of Goods required spending a lot of time to manage their accounting record to take the business decision. Manufacturing of Consumable Goods, Business Goods has given a wide base of different Industry. We, at KIP provide a full flash solution for Accounting for Different Industry with our latest technical know –how that help to a Manufacturer or Trader in taking complete overview of their business performance.

Our uniqueness of Accounting for Service Industry:

  • To assist in the compliance of Statutory Requirement such Sale Tax, Income Tax, EPF, ESI and TDS etc with considering the applicable law time being in force with maintaining the regular and up to date accounting of your business.
  • To handle inventory management.
  • To Trace the Accurate financial reporting such as Trial Balance, Profit and Loss Account, Cash or Bank Book, Receivable or Payable Books etc.
  • Proper vouching of Receipts of Business along with accurate classification of your business expenses.
  • Timely Reconciliation Statement of Bank, Debtor and Creditors.
  • To assist in taking financial decision with the help of making ratio analysis.
  • Maintaining Parole Register, Fixed Assets Register and Journal Ledger Book in advance software such as Tally, QuickBooks etc.
  • Assist in making Audit compliance of your business.

You may be approach us for find out your business related Accounting solution. We are providing customized service to our client in the form of:

Regular Accounting Service

Monthly Accounting

Quarterly Accounting

Half Yearly Accounting

Yearly Accounting

On Demand Financial Reporting

Just send your business query or need by clicking GET a Quote and find solution within 12 working Hours. 

  • Accounting for individuals:

We, at KIP have always adopted the Client prospective at the time of providing our financial services. In current legal environment, every one wants to secure you with the various type of business litigation. In that process we provide a unique service i.e accounting of Individual through which you can manage your personal wealth and take rational decision with respect to your business and Individual along with taxation planning.

Our uniqueness of Accounting for Individual:

  • Managing your personal Investment Portfolio
  • Personal Wealth Management
  • Access your personal credit worthiness
  • Personal Tax planning
  • Banking and Cash Management
  • Meet out your personal taxation and accounting compliances
  • Documentation of your Personal Assets and Liabilities
  • Help in Taking personal as well as Business Finance.

You may be approach us for find out your individual Accounting solution. We are providing customized service to our client in the form of:

  • Regular Accounting Service
  • Monthly Accounting
  • Quarterly Accounting
  • Half Yearly Accounting
  • Yearly Accounting
  • On Demand Financial Reporting

Just send your Individual query or need by clicking GET a Quote and find solution within 12 working Hours.

  • Accounting for Society and Trust.

If you are a member or carrying management responsibility in any Social Welfare organization or a Trustee of any Charitable or religious trust then we at KIP provide our valuable supports to you in managing your society or trust accounting and assists to you making the legal compliances that required for maintaining transparency toward public.

Our uniqueness in Accounting for Society and Trust:

  • Proper vouching of Donation receipts
  • Maintaining Proper minutes book
  • Managing Corpus fund and Fixed Assets Register
  • Compliance under Society registration Act and Income Tax Act.
  • Compliance under ESI and EPF
  • Managing Banking and assist in taking finance related decision.
  • Fees Management

You may be approach us for find out your Society and Trust Accounting solution. We are providing customized service to our client in the form of:

  • Regular Accounting Service
  • Monthly Accounting
  • Quarterly Accounting
  • Half Yearly Accounting
  • Yearly Accounting
  • On Demand Financial Reporting

Just send your query or need by clicking GET a Quote and find solution within 12 working Hours.

  • Accounting Software:

Today is the time of technology and each business man has to adopted latest technical knowhow for the development of their Business whether it is in form of production, marketing, stocking, transportation or accounting.

We, at KIP provide our accounting services with the help of advance technology along with using advance accounting software such as Tally, Quickbook, Ms- Excell etc.

Our uniqueness in using Accounting software:

  • Remote access of your computer
  • Using email root for delivering the document and information
  • Skype Software
  • Mobile Networking and SMS
  • Fax & Scanner
  • Accounting Packages:

We are providing our core accounting services as per your need.  You may be opting our below mentioned mode of accounting services as per your requirement:

  1. Regular Accounting: If you are operating large scale business that needs regular update in account so that you can take your business decision rationally then you can choose our regular model of accounting services.
  2. Monthly/ Quarterly/ Half Yearly/ Yearly: if you are operating small scale business or seasonal business or random transaction then you may be choose our Monthly/ Quarterly/Half yearly or Yearly model of accounting service as per your need.
  • Get A quote:

Just choose our accounting model and provide a brief of your business by clicking on GET a Quote so that we can support to in your business development.

Your Name:

Business Name and Location:

Nature of Business:

Monthly Turnover:

AUSTRALIA

We invite CA’s and small and medium sized businesses for these services:

  1. Bank, CC and Paypal Reconciliation

Bank, CC and Paypal are the regularly using tools to operate business and they must be properly reconciled in order to have accurate reporting about Business figures.

Bank reconciliation includes:

  • Posting all statements in accounting package.
  • Proper Income and Expense categorization
  • Reconciliation at statement end period
  • Analyzing wrong postings and correcting them.

Contact KIP for more Information about reconciliation.

  1. Accounts Payable Service

KIP Expert will organize your Accounts payable with attention to detail and communicate with you on upcoming payables.

Our Accounts Payable service includes:

  • Timely Bills Processing
  • Payment Allocation considering Payment document
  • Supplier Balance Reconciliation
  • Payment recommendation considering Cash balance availability
  • Proper Payment Allocation to Bills and generate Ageing Report

Contact KIP for more Information on Accounts Payable.

  1. Accounts Receivable Service

KIP can assist you for debtor collection, independent communication to debtors and access to our debt collectors.

Our Accounts Receivable process includes:

  • Recording of sales records in your accounting system
  • Keep a track of money owed
  • Set up of an invoicing system
  • Ensure invoices are sent out in a timely manner
  • Reconcile revenues with your invoicing
  • Track payments and collections
  • Monitor and communicate debtor balances
  • Identify slow paying customers/clients

Contact KIP for more Information on Accounts Receivable

  1. BAS/IAS

KIP can assist you in lodging your BAS/IAS online on your behalf.

Preparation and lodging of your Bas/IAS includes:

  • GST collected and paid / GST liability and GST credits / GST tax deductions
  • PAYG (Wages) installments and withholding
  • Fringe benefits tax installments
  • Fuel tax credits
  • Luxury car tax
  • Wine Equalization tax
  • Compliance with the Australian Taxation Office (ATO)

Contact KIP for more Information on lodging BAS/IAS

  1. Financial Statements

Bookkeeping is all about generating Information out of them and we will provide you financial statements to analyze your business figures at month end (Before 7th of next month).

Financial statements include:

  • Income Statement
  • Balance Sheet
  • Cash Flow, if required
  • Any other Report to serve a particular requirement.

US

CPA’s and small and medium sized businesses can contact us for these services:

  1. Accounts Payable Service

KIP Bookkeeper will manage your supplier accounts and accounts affected through this account. It may be Bank Account, Purchase account, Profit or Loss in the Income statement or Supplier Balance in balance Sheet. Everything will be up to date.

Process:

  • You will provide with the documents like Supplier Invoices, POs, Payment details and the Bookkeeper will keep track of all the things in your Business file.
  • Weekly or Monthly Supplier statement and the Vendor account will be reconciled.
  • Relevant Reports will be generated to update you on major issues like Purchase by Supplier summary, Unpaid Bills details, aging reports to know which bills are to be paid.
  • Checks will be printed either on your own machine or KIP Bookkeeper will send you the PDF files of checks and you can print them on your local printer.

Major workings for AP management are:

  • Purchase Order generation
  • Entering Vendor Bill
  • Payments to Vendors
  • Accounts Payable Report generation
  • Payable Reconciliations
  • Ageing reports
  1. Accounts Receivable Service

Accounts receivable Management is required to manage the cash flow of Business because all sales can’t be on cash basis and therefore we need to keep track of all the transactions in an effective manner.

Process:

  • You will send SOs, Customer Invoice details to record in your business file.KIP Bookkeeper will send the exported invoices for your approval and can also send the invoice to the customer on your behalf.
  • Then the receipt details will be taken from the bank account statement (supplied by you) to update in the Business file.
  • And accordingly various reports can be generated to extract information that which invoices are due, which customers need follow up etc.

Major workings for AR Management are:

  • Sales order generation
  • Invoice Processing
  • Receiving Payments
  • Accounts Receivables Report generation
  • Receivable Reconciliations
  • Ageing reports

  1. General Ledger

General Ledger is the summary record of all transactions occurs in the business and can track any activity through account categories.

  • KIP Bookkeeper will bifurcate all transactions in the correct category to be ensured for the correct financial position of the business.
  • We will email you the time to time update in the Ledgers to see the balances so that you could know your business figures.
  1. Payroll

Your KIP Bookkeeper will process the Payroll and will keep track of payroll to get the complete recording.

Major payroll workings are to keeping track of:

  • All Payroll expenses
  • Gross wages
  • Payroll Liabilities
  • And taxes
  1. Account Reconciliation

Reconciliation is necessary activity to ensure that what we are doing is correct and up to date so that correct decisions can be taken on the correct basis. And your business files contain a number of accounts which needs reconciliation.

  • Your KIP Bookkeeper will reconcile Bank Account, Credit Card Account, PayPal account, savings account, cash account balances with their respective statement balances to ensure that all recordings are correct and any discrepancy will be resolved to reconcile the balances.
  • Accounts payable and Accounts Receivable balance in the business file should be exactly same as the Supplier and Customer actual balances. KIP Bookkeeper will take care of this! He will collect Customer and supplier statement and will reconcile the balances in the business file.
  • KIP Bookkeeper will take care of the fact that every account balance should match with the corresponding bank statement.
  • Inventory reconciliation will be performed time to time, by your KIP Bookkeeper to smooth your Business operations.

Major workings in Account reconciliation includes:

  • Bank Account Reconciliation
  • Accounts Payable Reconciliation
  • Accounts Receivable reconciliation
  • Inventory reconciliation
  • Account Reconciliation
  1. Inventory Management

Inventory Management can be for manufacturing Business (to calculate cost of product) as well as Non-Manufacturing Business (to take business decisions).

Process:

  • You will provide with all products in the inventory to your KIP Bookkeeper and regular update regarding Inventory Purchased and Inventory Sold.
  • KIP Bookkeeper will use a method of Inventory valuation (depending upon client need and business system) and an up to date record for Inventory (Quantity as well as Amount.)
  • Inventory can be tracked through the reports supplied by your KIP Bookkeeper and it can be the basis for your decisions including what to buy, when to buy and How much to buy.

Major workings in Inventory Management include:

  • Inventory Recording and analysis
  • Inventory Tracking
  1. Fixed Assets

Fixed Assets, their capitalization, classification and depreciation is the working that needs knowledge and experience.

You will be provided with an Experienced KIP Bookkeeper, who will take care of GAAP Compliance and keep following Accounting practices.

Process:

  • You will supply all documents like Invoices for fixed Assets Purchase or sales including series of payments for Capital work in progress (CWIP) to maintain a separate account to keep track of all payments and their capitalization.
  • Your KIP Bookkeeper will update the fixed asset register.
  • And will report you back with the important figures and information.

Major workings for Fixed Asset recording include:

  • Capitalization
  • Classification
  • Depreciation

States where we are currently providing services:

Colorado, California, Oklahoma, Georgia, Florida, New York, Connecticut, Washington, Texas, New Jersey,  Arizona.

UK

KIP provide these Accounting services for all size businesses and CA’s:

Value-added Bookkeeping Services:

Apart from all the standard bookkeeping services, we also offer custom reports that enable customers to better analyze their revenue and expenses. A list of additional services provided is as follows:

  • Customer Reports: Reports on your customers that give you a quick view of who your most and least profitable customers are.
  • Employee Reports: Reports showing company expenses and/or revenue associated with individual employees and year-end reports showing what their employment costs the company.
  • Break-up of Expenses: Report on break-up of expenses categories, such as by product line, office or region.
  • Event Analysis: Reports on revenue and expenses associated with specific events.

CANADA 

CA’s and small and medium sized businesses can contact us for these services:

  1. Small Business Accounting

Every Small Business wants to be organized so that the business can grow. We will provide you a complete package of Bookkeeping services which includes:

  • Set up a proper Chart of Accounts
  • Reconcile your Bank, CC, Paypal Accounts
  • Update all Source documents like Bills, Invoices, Receipts etc
  • Proper Income and Expense Categorization
  • Generate an Income statement for you
  • Generate a Balance sheet
  • Clean up General Ledger

  1. Reconciliation

Reconciliation every month provides following benefits:

  • Identify lost checks and lost deposits
  • You can have business status and it is possible only if, all accounts are properly reconciled and up to date.
  • More focus on growth of Business because of clear cut business position.
  • Detect excess bank charges and thread of each transaction and their impact on your financial statements.
  1. Financial Statement

Financial statement is the real picture of your business efforts and we provide you this report within 7 days of closing every month.  Month end reports include:

  • Income Statement
  • Balance Sheet
  • Cash Flow
  • Financial Analysis
  1. Accounts Payable &Receivable Services

Accounts Payable and Receivables Management and their proper reconciliation is necessary to keep the books accurate.

Accounts Payable Service

  • Daily/ weekly bills posting in Software
  • Detailed Ageing Report to trace the attention area
  • Applying Payment against Bills and keep them ready to Print. It is possible either on your local printer- when we will post the bill payment, you will open software and will print the required document OR we will generate a pdf of that document and transmit to you for printing.

Accounts Receivable Service

  • Daily/ weekly processing Invoices and Payment received
  • Account balance reconciliation
  • Ageing reports to collect cash earlier