1. Bookkeeping
Includes the organization of financial transactions. This service includes invoices, bills, expenses, and deposits.
Key Skills:
- Recording transactions (Daily – Weekly – Monthly – Yearly)
- Payroll Reconciliation
- Sales Tax Reconciliation
- Accounts Payable – Account Receivable Management
- Bank and Credit Reconciliation. (Daily – Weekly – Monthly – Yearly)
- Reconciling books to third-party records
- Computer Literacy – Moderate to Good
- QuickBooks or Xero Experience
- Basic Microsoft Excel Literacy
2. Tax Preparation
Offshore tax preparation service means getting help from experts in another country to handle the task of preparing and submitting tax returns. Instead of managing it locally, accounting firms send their financial information to professionals in a different nation. These experts take care of tasks like figuring out taxes, filling out forms, and making sure everything follows the rules of the home country.
Key Skills:
- MS Office Suite, with strength in MS Excel
- Fundamental Understanding QuickBooks and
- Individual Tax Preparation (Moderate to Complex)
- Business Tax Preparation (Moderate to Complex)
- Multi-State Tax Preparation (Moderate to Complex)
- Consolidated Tax Returns
- Year-End Accounting and Adjustments (Moderate)
- Exempt Organization Tax Preparation (Complex)
- Trust Tax Preparation (Complex)
- Basic Gift & Estate Tax Returns Preparation
- Foreign Forms Preparation
- Foreign Partnership Form
- Foreign Corporation Form
- Tax Planning & Tax Research
- Computer Literacy – Moderate to Good
- Relevant Tax Software Experience
3. Financial statement preparation
This involves making important financial reports like income statements, balance sheets, and retained earnings. It happens towards the end of the accounting process, using details from earlier reports to figure out how things are going financially right now. These reports can be done every month, every three months, or once a year, depending on what’s needed.
Key Skills:
- Balance sheet reconciliations
- Month-end journal entries and adjustments
- Month-end close and financial reporting
- Review and Preparation of Monthly Bank Reconciliation
- Month-end financial statements for internal and external users
- Tax Return Adjustment
- Payroll / Sales Tax / Loan / Investment Account Reconciliation
- Administer Concur Time & Expense system
- Assist with business taxes, registrations, and compliance filings
- Proficient with Microsoft Office Suite and accounting software
- MIS Reporting
- Cashflow Analysis and Reporting
- KPI Reporting and Analysis (Operational and Core Business KPI)
- Budgeting and Forecasting.
- Inter-company Reconciliation and Consolidated financial statements
- Reconcile Control Accounts
4. Accounts Payable/Receivable (AP/AR)
Accounts payable and receivable services involve keeping track of money coming in and going out. It includes recording, calculating, and organizing information about the money you earn and the expenses you have. This service is really important for making sure you get the money you’re owed and also for paying your bills.
Key Skills:
- Accounts Payable Management
- Processing the Payment and Managing Vendor Credit Period
- Accounts Receivable Management
- Processing the Receipt and Managing Debtors Credit Period
- Regular Interval Reporting of Aging Report
- Coordination with Team Members / Vendors / Customers
- Enter missing bill/invoice for payments received
- Reconciling Balance with Third-Party Confirmation
- Follow-Ups through Email as well as Calls for Invoice Payment
- Follow-Ups through Email as well as Calls for Collection of Bills
- QuickBooks, Bill.com and Excel
5. Payroll services
This job involves putting together summaries of what employees earn, how much tax is taken out, any deductions, and details about vacation or time off. The person handling payroll needs to make sure that employees get their paychecks on time and that the amount is correct.
Key Skills:
- Process client payroll and produce checks, vouchers
- Input all payroll-related data to meet payroll processing deadlines
- Process payroll garnishments, vacation time, insurance, 401(k), and other deductions
- Prepare single and multi-state quarterly and annual payroll tax reconciliations
- Prepare payroll compliance returns
- Filing payroll client information
- Maintenance of payroll software as assigned
- Maintaining detailed daily time records of work performed
- Assist with payroll audits
- Prepare and Submit Report Regularly
- Proficient in Microsoft Excel & MS Office
6. Year-end accounting
Year-end accounting is about gathering all the money information for a whole year. It includes making financial statements, dealing with any unpaid bills, sorting out receipts, checking that the payroll and bookkeeping match up, and doing other tasks to wrap up the financial records at the end of the year.
Key Skills:
- Recording transactions (Daily – Weekly – Monthly – Yearly)
- Bank and Credit Reconciliation. (Daily – Weekly – Monthly – Yearly)
- Reconciling books to third-party records
- Computer Literacy – Moderate to Good
- QuickBooks or Xero Experience
- Basic Microsoft Excel Literacy
7. Auditing Services
This is when an auditor looks at different account books and checks if everything is recorded correctly. After that, they also make sure that the inventory (like goods or products) is counted accurately to make sure everyone is following the right way of recording transactions.
Key Skills:
- Perform audits for business operations, finances, and compliance with policies and procedures
- Oversee audit planning and reporting activities according to established policies
- Supervise audit team to ensure quality and on-time delivery.
- Evaluate the performance of audit staff and provide appropriate feedback
- Assist in risk assessment and mitigation activities
- Organize training for the audit team for skill development
- Coordinate with the team to review audit findings
- Prepare reports with audit findings and recommendations
- Assist in developing budgets and timelines for upcoming audits
- Evaluate current audit procedures and recommend improvements
- Evaluate and enhance internal controls to improve operational efficiency
- Communicate audit status to management regularly
- Discuss with management about audit observations, recommendations, and actions to be taken
- Prepare clear and complete audit work papers and store them in the department repository
For inquiries, collaboration opportunities, or to learn more about how Dangi Global can elevate your business, please feel free to reach out to us.
Contact Information:
Website:https://dangiglobal.com/
Email:info@dangiglobal.com
Phone: IND: +91 72270 70277
UK: +44 73688 00605
Follow us on social media for the latest updates:
Facebook:https://www.facebook.com/dangiglobal/
LinkedIn: https://www.linkedin.com/company/99323949
Instagram:https://www.instagram.com/dangiglobalconsultancy
Thank you for considering Dangi Global as your offshoring partner. We look forward to connecting with you!
