Released on: 11, November 2008
, Author: brooke thom
, Audience: Software related
Maintaining a comprehensive, accurate, detailed, transparent yet cost effective accounting setup for any business can be quite a challenge. That is where we step in.
We at KNR understand your need for understanding the running of your business transactions and also understand that you need to stay "in the loop". Our consultants are at your disposal, to guide you and educate you at every step about what needs to be done to keep your business running smoothly. Whether you want assistance in setting up accounting systems for your enterprise or require year end accounting services, we are there to provide the best services for your business.
Accounting Consulting Services
KNR 's accounting consulting services are the result of years of experience put to practical use, which have provided impetus to many business ventures. Our team of consultants works dedicatedly to provide you with the best accounting consulting services , inclusive of financial accounting and reporting. We carry out the entire accounting and bookkeeping services that your business requires, depending on your business needs.
Capital being one of the main ingredients of a company's structure, a company's success depends highly on its management. Financial accounting and reporting can be a confusing and highly time consuming process. Outsourcing accounting and bookkeeping services will help you in cutting down costs and diverting resources to other objectives.
Financial Accounting and Reporting
Financial accounting and reporting is an important process in the successful running of any business. It mirrors the success or failure of an organization. It is through this tool, that the public, investors, creditors, government agencies, tax agencies and employees come to know of the worth of the business.
Financial accounting and reporting is important both for internal and external users.
Within the company, it becomes a necessity because of the following reasons:
Basis of formulating budgets
Required for internal audits
Is an important source of information for stake holders
Measuring current performance against past performances
Means of making amends if any, judging from past experiences
Gives a clear picture of the financial standing of the business, increasing employee expectations of returns
Means of providing information to policy makers to create and implement plans
Aids in determining areas of deficiency, thus helping in cutting costs
For external users too, financial accounting and reporting is of extreme importance:
Gives a clear picture of the financial standing of the business to potential investors, helping them in deciding whether or not to invest in a particular firm
Gives adequate information to existing investors about the future of their investments
The financial statements are the main criteria for creditors to take decisions about extending credit to firms
Financial statements are a mandatory tool for tax agencies and are required for external audits
KNR accounting consultants are financial experts who understand the minutest details of accounting and carry out the entire accounting process for you. We provide you with accurate and timely accounting consulting services that help you in maintaining financial data most efficiently.
Accounting and Bookkeeping Services
With the aid of expert accounting professionals, KNR provides you accounting and bookkeeping services that help you stay abreast with your standing in the market. With all your financial data available at a snap of your fingers, you'll be ever ready to make financial decisions without fumbling or worrying about the accuracy of your accounts. KNR provides computerized accounting and bookkeeping services , which enable you to access information in the easiest and quickest manner.
KNR is known for its professionalism and reliability. KNR 's accounting consulting services enable you to judge the net worth of your enterprise. Our consultants would give you detailed analysis of your financial status, setting up an accounting system design that is the best fit for your business.
Companies spend hundreds of dollars in setting up account departments for dealing with the preparation of financial reports. Setting up a reliable financial accounting team is not only time consuming, but also expensive. Financial accounting and reporting is carried out by our experienced accounting team, which completes all your accounting needs from start to finish. From making profit and loss accounts, trial balances and balance sheets to carrying out audits, we do it all. KNR consultants carry out the job with perfection, saving you a great deal of money and hours of quality time. Our services enable you to invest your time and money in other aspects of your business, taking a great deal of pressure off you in performing painstaking accounting procedures because our specialized team does that for you in the shortest times span, giving you accurate and prompt results. At any given point in time, you would be able to pull up all information about your assets, liabilities, incomes, expenses, gains and losses. Our consultants would give you detailed reports that you would be able to comprehend completely, affording you a bird's eye view of your financial structure and standing. Financial statements form the basis of financial decisions. Thus, by providing financial services as and when you want them, KNR allows you to run your business the way you want, at the same time enabling you to keep complete control of your enterprise's resources.