Our Services Services

Accounting may refer to the process of measurement and communication of financial information. It is a key to success for any business organization. It is very difficult for an organization to keep its accounts up to date with everyday’s schedule which becomes a mandatory activity that an organization has to perform for its internal and statutory requirement. Firstly, a company needs to set up its accounting system and then there will be a need of updating it time to time with the changing patterns of VAT laws, income tax, service tax act etc.

Our Range Of Accounting Services Involves:

• Litigation support services
• Preparation for tax return services
• Monthly/quarterly/annually bookkeeping services
• Computerized payroll services
• General ledger services

Our Company Helps Our Customers In:

• Setting the accounting process that helps the organization to set the required controls and documentation process
• Statutory documentation process which is done to maintain the documents as per required statutory norms
• Transactions recording which are done timely so as to maintain the accounts as required
• Monthly MIS which are the statement that helps an organization’s management to analyze the current situation and plan for the action accordingly

Our Accounting Service is widely used in different commercial organizations for providing meaningful and very well organized financial records which are essential to run a business efficiently. Our skilled team deliver these services to our customers in customized manner and as per they are required. We help them with preparing their monthly reports which are important to make their management decisions.

Compliance and Tax Records are one of the main responsibilities for an Organization to maintain for after reviews. An organization may or may not have the qualified staff which can monitor the same. A tax review or audit is kind of an examination done to the affairs of the owner to see what the person is required to do under the tax law, including whether he:

• Has declared all the income he receives to the government
• Is entitled to the rebates and deductions in tax which he is looking forward on his tax return
• Has met all the mandatory regulatory obligations and rules for compliance and tax reviews

The reviews and audit that our company conducts vary in their complexity. Sometimes the review only involve a phone call or letter asking for information regarding the tax claims but in some cases it is required that a tax officer of our company visits you and collect all records for the audit. There are many taxes which need to be paid high attention for better growth, development and our company is fully sufficient to provide answers to every raised question of our clients regarding the following taxes:

• Income tax
• Service tax and value added tax (vat)
• Profession tax
• Central excise duty

Many companies faces the difficult task of bringing together a team of experts and to coordinate their services in return making it expensive and hectic while not guaranteeing the optimum solution to compliance risk. Therefore Bizman Advisors is working with a qualified and trained expert team that helps an Organization to review their compliance status and manage the same effectively. Our service includes the following:

• Our professional team monitors monthly, quarterly and yearly check on the Compliance requirements for better performance.
• We also check and maintain the accuracy of large fund reporting ensuring that the reports meet their obligations along with the tax return to administer the excess of contribution tax.
• We will provide you with our long term working experience and better solutions for compliance and tax reviews.
• Our company reviews and monitors continuously the various requirement of the tax with day-to-day accounting process and reporting of the same.

Fixed Asset Register is an accounting method that is used for major resources of a business or as a statement of an organization which shows its owned asset. Fixed assets are those such as land, machines etc which is held for the purpose of production of goods or rendering of services. Not all the assets are capitalized but company may have policy to capitalize only those assets that cost more than the specified amount. In several companies improvements or alterations made to an asset are capitalized separately in fixed asset register and which is not correct. Therefore to avoid irreconcilable differences noticed by the auditors in making alterations in existing asset our company is dealing in Fixed Asset Register Updating service.

Need For Fixed Assets Register In An Organization Are:

• Inaccurate calculation for depreciation rates
• Lack of audit trail and overall security
• Inability to link assets or batch disposal
• Time wasted on tedious tasks such as data entry
• Lack of confidence in data integrity

Our Company Helps Our Customers In Maintaining And Updating Fixed Asset Register With Following Details:

• Identification number
• Acquisition date of the asset
• Description of the asset
• Cost of its acquisition
• Accumulated depreciation in cist of the asset
• Net book value of the asset
• Asset’s physical location

Therefore our company is fully fledged in maintaining and updating the fixed asset register as per the determined format given by the entity. We are capable of overcoming the challenges faced by the small and large organizations. It is important for a company to understand the drawback of using spreadsheet and should implement solutions that are designed specifically for the intended purpose.

Accounts Reconciliation is to verification process that is done on an organization’s financial records and tractions in order to detect discrepancies, if any and then to reconcile the same. Bank account reconciliation is vital for auditors to determine the correctness of a company’s financial statements and to ensure complete compliance with regulatory/statutory requirements. Since it is an activity that requires painstaking effort it is best to outsource it to the capable company.

Our Reconciliation Services Include The Following:

• Reconciliation of bank statements with complete maintained records
• Reconciliation of credit card statement with your bank records
• Invoice matching with your ledger and journal entities
• Partial and full reconciliation services

Benefits Of Undergoing Our Service Include:

• Reduced administrative and accounting expenses
• Improved robust data security measures that ensure the safety of your confidential data
• Advance reconciliation services through the use of advance software’s
• Competitive pricing without compromising on quality
• Increased financial control on due diligence of financial statements

We at Bizman Advisors are having both expertise and experience in delivering Reconciliation Services to our esteemed clients. We assure our customers of error free and right service for the paid price. Our wide range of Reconciliation Service helps our clients to get optimum solutions directly delivered to them for better business.

In a company payroll is the sum of all the financial records of salary for an employee including bonus and deductions. Payroll plays a very important role in a company for several reasons and it also affect the net income of most companies which are subjected to laws and regulations of governing authorities. Primary mission of payroll department is to make sure that the employees are paid accurately, timely with the correct withholdings and right deductions.

Payroll Processing Services From Our Company Includes:

• Payroll tax returns preparation
• Documentation of payroll reports
• Checking processing and delivery
• Keeping updated with the quarterly and annual tax reports
• Managing time and attendance system
• Direct deposit payments options (paperless)

At Bizman Advisors we provide proficient high quality payroll services to our clients for better productivity in their business. Our expert’s advice and administrative tasks helps our customers in reducing costs and increasing profits in their business. We provide a complete review of payroll services to our customers so that they can take better decisions on payment options. Our company makes sure that the hassle of handling payroll in-house is avoided and complete focus is paid on the core business.