Maintenance of proper accounts is important to the success of your organization. The expert team of Fruxient is geared to provide well-timed, uncomplicated and accurate accounting services to your business at an affordable cost.
We can take care of your organization’s daily transaction recording in the virtual accounting system. We will also take care of the books and records as per the Generally Accepted Accounting Principles (GAAP) and local rules and regulations.
Our services include:
- Setting up accounting systems and software properly
- Bookkeeping (recording Transactions, maintenance of General Ledger and passing of Journal entries)
- Reconciliation of Accounts Receivable & Accounts Payable.
- Monthly Reconciliation of Credit Card Accounts and Bank Accounts
- Vat ledgers and coding
- Running checks and end of year processes
- Preparation of final accounts and various other reports for analytical purposes
- Providing general business administrative support
Are you facing problems in managing the Accounts Payable (AP) and Accounts Receivable (AR) of your organization? We acknowledge that as an entrepreneur, most of your time should be spent on growing your company, and not in managing the liabilities and assets. If this is taking up too much of your time, then it is time to outsource it to the specialists of Fruxient Analytics.
We are proficient in managing the AP and AR of companies in an organized way using Hubdoc and Bill.com. However, we are also comfortable in using various other softwares, and there are chances that we will be able to use any custom-made software that you are already using.
Services that we offer are:
- Document storage and extraction.
- Receive and process all the incoming invoices.
- Audit and account reconciliation of scanned invoices.
- Preparing invoices for approval.
Every company has to analyze its financials, and compare them with estimates and targets, to gain a better understanding of the correct and wrong moves undertaken. We help you do that with our experts assisting you out in the fields of:
- Profit and loss statement
- Balance sheet
- Cash Flow Statements
- Variance Reports
- Benchmarking
And many more.
We can take care of Vat Returns of various types – Flat Rate, Standard VAT and Cash VAT. We use a software that can help you file VAT directly with HMRC(UK). The returns for non-HMRC clients are filed with the appropriate government agencies, respectively.
A VAT return is a form you file with HMRC, usually quarterly, to show how much VAT you need to pay to them. Unless you are registered for VAT, you will not file VAT returns.
The VAT return is calculated as the amount of VAT due on sales minus the amount of VAT reclaimable on purchases. The result is the amount you need to pay to HMRC.
HMRC will give you the difference back if the amount reclaimable on purchases is more than the amount due on sales.
You can use an online accounting service such as Quickbooks that will help you fill in your VAT return, and then allow you to submit it directly to HMRC for you or you can file your VAT return through HRC's official website directly.
Small companies employ a Virtual Chief Financial Officer to acquire access to an experienced financial expert at a fraction of the cost of a full-time CFO. A Virtual Chief Financial Officer oversees the financials to confirm the profit figure reported is a true and fair reflection of the company’s performance for the time period. He also makes sure their balance sheet records all the assets and liabilities of the business to make financial planning for the next year as accurate as possible. The services will vary from company to company, but usually, a Virtual CFO will:
- Handle all the duties of a traditional Chief Financial Officer, however work remotely and on a part-time basis.
- Monitor the financial health and well-being of the firm, generally with cloud technology.
- Offer financial insight and advice on all business decisions and issues.
- Depending on the client and their needs, provide back-office functions like managing accounts ledgers.