General Accounting Services ....
Profit and Loss Statement - p & L
Financial statement that summarizes the revenues, costs and expenses incurred during a specific period of time - usually a fiscal quarter or year. These records provide information that shows the ability of a company to generate profit by increasing revenue and reducing costs. The Profit and Loss Statement - p & L is also known as a "statement of profit and loss", an "income statement" or an "income and expense statement".
At AO2I , we offer preparation of profit and loss account at affordable rates. We give you the flexibility to choose our service as per your convenience. Our team of professional accountants can prepare .
The statement of profit and loss follows a general format that begins with an entry for revenue and subtracts from revenue the costs of running the business, including cost of goods sold, operating expenses, tax expense and interest expense. The bottom line (literally and figuratively) is net income (profit).
The balance sheet, income statement and statement of cash flows are the most important financial statements produced by a company. While each is important in its own right, they are meant to be analyzed together.
Some of the benefits of outsourcing accounting services to us are
Access to Expertise
It is a well known fact that India has the largest pool of skilled labors than any other nation. At AO2I , we have some of the professional accountants and financial consultants working for us. Therefore clients can confidently outsource their complete back end accounting process to us and concentrate on core business activities. Our team has the required experience and expertise to successfully deliver large projects.
Infrastructure & Technology
Setting up infrastructure for your back office activities can run into huge investments as it requires pumping in money to keep you set up upgraded in addition to initial set up capital. At AO2I , we have state-of-the-art infrastructure facility to execute your projects. This facility also ensures that no information is leaked or misused. We constantly upgrade our infrastructure and technology to adapt to the latest technological advancements i in the financial outsourcing industry.
When it comes to cutting down on operational and overhead costs, nothing can prove effective than outsourcing. At AO2I , we do not believe in offering a standard cost cutting strategy. The reason being, what works for one client may not necessarily work for the other. So we first try to understand your organization's processes and procedures with respect to your domain and work out strategies accordingly. On average clients can expect 40 per cent cost reduction.
Training & Quality
Since we have five yeas of experience in the financial outsourcing business, it does not require much training to start the work. Our team is proficient with all the major Bookkeeping and Accounting Software . We have been consistently able to deliver quality services to our clients, so no need to worry about the quality of work.