Frequently Asked Questions
Frequently Asked Questions
Ledger Forces, the best Accounting and bookkeeping companies in Hyderabad provide all its services from offshore (India region) with less cost. If a company hires an employee in onsite it will have to pay good salary as per industry standards. But when it comes to offshore model Ledger Forces provides best services with 1/4th of onsite cost with accuracy.
We work as Online – Offshore model. It’s same as International Companies share all their company’s business contracts, employee timesheets, bank statements (customer receipts and checks) thru emails. We represent as Company’s employees for Accounts Receivable follow up, accounting all transactions in books, employee and vendor payables, generation of payroll and preparation of monthly reports like P&L, Balance Sheet and Cashflow reports etc. as per company’s requirement and provide proper recommendations on financial situation.
Since Ledger Forces team has good experience in analysing financial status with reports and provide recommendations in important areas like
- Cash flow report, ratio analysis, and P&L analysis (shows responsibility margin, contribution margin and corporate overhead etc.), gives overall company’s financial situation with industry bench marks.
- Employee wise profitability report helps in yearly salary review and profit earned from specific employee.
- Division/Practice/Region wise reports show which division/practice making profit/loss and how to improve profitability or reducing loss percentage.
- Bench Cost report is called as killer of companies profitability, it shows how many employees are on bench with their monthly cost and how this bench cost Impacts Company’s overall profitability.
In some cases companies may ask Ledger Forces to have its employees (who work on LF payroll) work at company’s location. In this case Ledger Forces will get in to a consulting agreement with companies to provide accounting services at Company’s work place.
Ledger Forces team is having 20+ years of experience in end to end knowledge in global accounting including statutory compliance, payroll generation, MIS reports, setting up Line of Credit facility with bankers etc., and all other accounting/related services at one place. We are also known as the supreme Payroll and Taxation outsourcing services in Hyderabad. Companies do not have to hire multiple employees for services like AR, AP and GL or approach any other vendor for accounting related work.
Ledger Forces provides practical training in core accounting, statutory compliance, MIS reporting and Quick Books (all versions) with live project experience.