• GST Liability Calculation: You need to pay your taxes no matter what business you run. You’ll not only pay  TDS, but you’ll also be handling GST payments in any state you do business. The accounting solution you choose should allow you to calculate & assess the GST  liability your customers are paying, GST that you have received and the tax liability you need to pay.

• Accessibility: Your business’s financials should be easily & readily accessible to you, partners, investors or any other member having a financial oversight role. 

• Reporting: Managing logistics involves informed discussions about finances, inventory, taxes, etc. There would be no hassle with reporting if your books are up-to-date. Accounting outsourcing helps in business growth as it enables you to make informed discussions & decisions. 

• International Currency Management: Amazon is a worldwide platform, which means you should be able to sell to different countries with different currencies. You would need an expert to figure out the exchange rates to calculate the profit and expenses. 

No matter what stage your business is at, GYC Advisory can cover business advisory & tax consulting services along with accounting outsourcing  from start to finish.

• Understanding the business: You can purchase the service from Bookkeeping Outsourcing Services (www.gycadvisory.com) or set up a meeting (contact us). We would then align & introduce you to our booking expert and asses the status of your books as on date.

• Managing your books: Each month, we will arrange your business transactions and prepares financial statements.

• GST & Tax Filings: After preparation of the books, we help you pay taxes & file GST. We also assist in monthly TDS payments and quarterly TDS return filings.

• Bank Reconciliations: We keep banks reconciled on a monthly basis to match all customers and vendor accounts.

• AR/AP: Accounts Receivable and Accounts Payable are reconciled on a regular basis to control over customers and vendors.