What we do

While being a very important aspect of accounting in a business, bookkeeping does not actually require an in-house accountant to exclusively handle it. And accountants need to actually use their professional skills elsewhere than focussing on a task that is more manpower intensive. This makes virtual bookkeeping a primary mode for bookkeeping activities. Depending on the requirements, outsourced bookkeeping services and processes can be timed to reach the accountant in specific time frames for constantly updating books without interruptions. At Outbooks, our well trained and certified teams are best equipped to handle bookkeeping tasks of varying volumes with ease, including bookkeeping services for small business, by delivering error free reports, on time, in the format desired.

Capabilities

Bank reconciliation
  • A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate. The information on the bank statement is the bank's record of all transactions impacting the entity's bank account during the past month.
Supplier reconciliation
  • Reconciling the supplier account ensures supplier balances are accurate for financial reporting and profits are maximised by ensuring no credit notes are missing or invoices duplicated.
Customer reconciliation
  • The reconciliation of accounts receivable is the process of matching the detailed amounts of unpaid customer billings to the accounts receivable total stated in the general ledger. This matching process is important, because it proves that the general ledger figure for receivables is justified. The two information sources for this reconciliation are as follows:
Control Accounts reconciliation
  • The reconciliation is a working to ensure that the entries in the sales and purchase ledgers (the memorandums, or list of individual balances) agree with the entries in the control accounts. The totals in each should be exactly the same. If not it indicates an error in either the memorandum account or the control account. All discrepancies should be investigated and corrected.
Trial balance
  • A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns. A company prepares a trial balance periodically, usually at the end of every reporting period. The general purpose of producing a trial balance is to ensure the entries in a company's bookkeeping system are mathematically correct.

  • Outbooks will complete bookkeeping till compilation of trial balance 
  • Report help clients in managing business payments and cash flow. 
  • Query generation is hassle free

All Services Offered

Remote bookkeeping services that keep clients books in perfect order, updated as per agreed/desired turnaround time, without interrupting routine operations.

High calibre, dynamic resources for secretarial duties, to meet statutory requirements, compliance and services of a transactional nature

Timely computation of various types of tax, hassle free filing of returns, and expert assistance in making a fully compliant presentation to tax authorities.

Clutter free, cost efficient, and hassle free submission of year end accounts and CT returns to fully avail legitimate exemptions

Customized payroll to handle complex unique requirements, backed by specialist accounting knowledge for HMRC complaint and BACs approved solutions

KPIs and crisp real time reports to help clients gain an edge over competition, charting a path to steady growth and expansion across domains.