Bookkeeping becomes a daunting task to many entrepreneurs, who would like to concentrate more on their core business activities and in maintaining their most valuable asset – human resources. Bookkeeping also poses additional challenges of trying to ensure that the company is compliant with the latest changes in laws, and in compliance in the respective states – in the state of incorporation and the state in which the businesses are being transacted. Especially for this task, we employ trainers, to keep our associates in line with the current laws.

Besides Bookkeeping, the challenges usually faced by small and medium enterprises are:

• Receiving the time sheets of the consultants on time
• Receiving the expenses statements from consultants and verification
• Correct and timely invoicing
• Maintaining proper track of delayed and overdue payments
• General Ledger posting and Balance Sheet preparation
• Bank statement reconciliation
• Purchases and timely payment