Many small businesses, start-ups, and entrepreneurs find it extremely challenging to manage their accounting records and keep their finances updated. All the more burdening is the task of rifling through huge arrays of options and hiring the accountant that is best suited to your needs and the firms’ growth and development.

Choosing the right skills that are qualified and affordable at the same time is difficult. However, with the diligent efforts of a collaborative team of experts well-adept in their work and qualified enough to bring their best features on the table.

We follow standardized procedures and systematic processes with the best accounting software and custom financial reporting to a few best third party software. We understand that every client’s requirements are unique and therefore, we provide personalized accounting and bookkeeping services with customizations that are tailored to fit their unique requirements.

At AK Solutions, we provide the following Bookkeeping tasks:

1. Recording Transactions: Recording day-to-day financial transactions, such as sales, purchases, expenses, and income, into the appropriate accounting software or ledger.
2. Accounts Receivable (AR) Management: Tracking and managing invoices issued to customers, monitoring outstanding payments, and ensuring timely collections.
3. Accounts Payable (AP) Management: Monitoring and managing bills and invoices received from vendors, tracking payment due dates, and ensuring timely payments.
4. Bank Reconciliation: Matching and reconciling bank statements with recorded transactions to identify discrepancies and ensure accurate account balances.
5. General Ledger Maintenance: Maintaining the general ledger, which is a comprehensive record of all financial transactions categorized by accounts (e.g., assets, liabilities, equity, income, expenses).
6. Expense Tracking: Categorizing and tracking business expenses to analyze spending patterns and support budgeting decisions.
7. Financial Statement Preparation: Compiling and preparing financial statements, including the income statement (profit and loss statement), balance sheet, and cash flow statement.
8. Trial Balance Preparation: Creating a trial balance to verify that the debits and credits in the accounts are equal, helping to identify any errors or discrepancies.
9. Payroll Processing: Calculating employee salaries, wages, taxes, and benefits, and ensuring accurate payroll disbursement.
10. Tax Recordkeeping: Organizing and maintaining records necessary for accurate tax reporting and filing, including income, expenses, deductions, and credits.
11. Fixed Asset Tracking: Recording and tracking the acquisition, depreciation, and disposal of fixed assets such as equipment, vehicles, and property.
12. Document Organization: Organizing and storing financial documents, receipts, invoices, and statements in an organized and accessible manner.
13. Data Entry and Accuracy: Ensuring accurate and timely data entry to maintain the integrity of financial records.
14. Financial Software Management: Managing accounting software, ensuring updates, backups, and security measures are in place.
15. Consultation and Reporting: Providing insights and recommendations based on financial data to help business owners make informed decisions.

Considering AK Solutions can prove to be beneficial as we provide cost-effective accounting services without reducing quality. Save money on paying the salaries, taxes, office supplies, and benefits for the full-time or part-time employee. You only pay for what you need. There is no loss in productivity costs that come along with hiring full-time employees. Let us take care of the numbers, so you can focus on driving your business forward.