Accounting Services provided by Hashtecks is fully competent to render all types of services related to the profession of Chartered Accountants and Management Consultants. This Firm enjoys a very high reputation within and outside Pakistan. Hashtecks makes it possible for even the smallest business to have the same quality accounting services as a larger competitor for often less than the cost of a bookkeeper.
Hashtecks delivers accurate, secure and quality financial accounting solution by using world’s best financial accounting software such as QuickBooks, Peachtree, Sage Line 50, Xero, Quicken, MYOB, IRIS, LaCerte and Pro Tax etc. Our financial accounting services help our clients to make their accounting system work more efficiently and it also helps in increasing profitability. Our focus is on making task simpler and business stronger. Hashtecks provides full range of services such as account reconciliation, bank reconciliation, credit card reconciliation, accounts receivable, accounts payable and general ledger maintenance. Our accountants help in to developing financial policies and procedures to streamline accounting process. Our financial accounting services will increase the overall efficiency of business operations.
In these tough economic times global organizations are actively looking for effective methods to improve the efficiency and profitability of their business. Q-Accounting addresses the specific needs of the accounting industry, it provides flexibility by enabling you to work with the applications you and your clients require and already use. We help you to increase your processing capacity, produce more work, engage more customers and grow your business. We have unique accounting system that enables us to maintain the books of accounts using the National Chart of Accounts and the client corporate chart of accounts simultaneously. With our online accounting system, we offer the flexibility to outsource some or all of your accounting tasks to us.
ACCOUNTING SERVICES:
1. Accounts Receivable
- Sales Order Generation
- Invoicing
- Receiving Payments
- Accounts Receivable Report Generation
- Order management
- Customer billing
- Customer aging
- Collections management
- Cash forecasting & reporting
- Ageing Analysis
- Recording of Provision and write off Bad debts
- Reconciling the Customers’ Statements with Records
- Withholding Tax Calculations and Monthly Statement of Withholding
- Sales Tax and Income Tax Data Compilation at month/year end
2. Accounts Payable
- Purchase Order Generation
- Entering Vendor Bills
- Entering payments to Vendors
- Accounts Payable Report Generation
- Invoice imaging and storing
- Invoice approval
- Expense allocation
- Online payment approval
- Check processing
- Handling of vendor inquiries
- Reconciling the Vendor Statements with Records
- Withholding Tax Calculations and Monthly Statement of Withholding
- Sales Tax and Income Tax Data Compilation at month/year end
3. Updating Charts of Accounts
4. Bank Reconciliation
5. Credit Card Reconciliation
6. Inventory Maintenance and Reconciliation
7. General ledger Maintenance
8. Accounts Reconciliation
9. Closing Accounts and Generating Trail Balance
10. Financial Plan
11. Bookkeeping
- Billing for goods sold or services
- Recording receipts from customers
- Verifying and recording invoices from suppliers
- Paying suppliers
- Processing employees’ pay and the related governmental reports
- Recording depreciation and other adjusting entries
- Entering Bank Details
- Allocating the account entries
- Value-added bookkeeping
- Month-end or year-end closing
12. Financial Reporting
- Balance sheet
- Income statement
- Cash flow statement
- Bank reconciliation report
- Detail general ledger report
- Fixed asset account management
- Petty Cash Yearly /Monthly Reports
13. Payroll Processing
- Preparation and processing of all paper work regarding employment agreements, discharges, term contracts and freelancers
- Calculation of personnel accretions and deductions
- Calculation of social security contributions on behalf of the employer
- Preparation of payments for taxes and salaries
- Preparation and submission of all obligatory declarations regarding the insured personnel to the respective authorities
- Advice on recruitment alternatives in accordance with the legislation
Our Accounting Services are not limited to the above mentioned services. Contact Us Now to get free consultation.
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