Accounting and Payroll | My True Books
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MyTrueBooks for Business

Accountant

Are you a business looking to offload some responsibilities to save majority of your accounting and bookkeeping costs?

We provide host of services to small and medium sized businesses which include bookkeeping, accounts receivable & accounts payable reconciliation, budgeting and management reporting.

Bookkeeping Services

The team consists of qualified Indian CPAs (Chartered Accountants) and experienced accountants that take care of your bookkeeping process. The team is equally proficient in leading accounting softwares such as QuickBooks, Odoo Accounting, Xero, Netsuite, Freshbooks, Wave, Quicken, Myob, Sage and Creative Solutions Accounting.

We integrate your accounting softwares with pre-accounting softwares such as Expensify.com, Bill.com, Hubdoc, Gusto and Shopify.com to ensure that the accounting and reporting process remains seamless.

What do you get?

1.  Daily Data Entry

  1. Your sales documents are picked up from Point of sales/sales invoices. 

  2. Purchase Posting 

  3. Expense Posting 

  4. Posting from Bank accounts. 

2.  Order to cash cycle

Right from recording of sales to settling receivables we take care of everything in between which includes 

  1. Posting account of revenue 

  2. Posting receipts/payments 

  3. Integration with Order to Cash processes with suitable POS and other softwares. 

  4. Accounts Receivable Reconciliations

3.  Procure to pay cycle

Right from posing purchase and expense invoices to tracking your payments to vendors, we take care of everything in between which includes 

  1. Post of purchases/costs

  2. Posting of payments from bank statements 

  3. Integration with Procure to pay processes with suitable Expensify and other softwares. 

  4. Accounts Payable Reconciliations

4.  Inventory Management

  1. Setting up of product codes 

  2. Maintenance of stock ledgers 

  3. Cost allocation 

  4. Valuation assistance based on USGAAP/IFRS

5.  Sales Tax Summaries

Based on your product/service, state and country, we prepare monthly sales tax summaries for filing of returns and state tax payments.

6.  Payroll/ Paysheet Summaries

  1. Payroll Calculation 

  2. Form 940 and 941 

  3. Filing W2 and W4

  4. Calculation and Federal and state tax check creation

7.  Planning and Budegeting

  1. Budgetry Analysis 

  2. Tracking actual costs 

  3. Deviation reports of budgeted costs from actual costs.

Preparation of MIS reports in Excel and Power BI ​

8.  Reporting

Links to dummy reports for example: 

How's this data shared with us?

Data can be shared with us through:​​

  1. Our secured web portal (ISO27001:2013 Certified)

  2. Email

  3. Any other cloud storage platform.

How do we manage your data?

We follow three steep method to ensure that all the vouchers are mapped with the entries posted in your books of accounts which include:​​

  1. Indexing of data

  2. Arrangement of data

  3. Reporting and cross-mapping the vouchers in accounting softwares.

How can you access the data?

You can access the data through our web portal. Just login to your account and you will find all the vouchers neatly indexed and tying back to the record in accounting softwares so that no data gets lost no matter what.

Software Compatibilities

Xero

Quickbooks

Bill.com

NetSuite

Microsoft Dynamics

Odoo Accounting

Wave

Quicken

Myob

Sage

Power BI

Freshbooks

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