Financial Accounting

CGL is a global service provider for Financial Accounting, the most effective way to keep your business and its finances on track. We effectively control cash flow, permitting client’s to invest in new opportunities at the right time. We realize the need to pay great attention to details, assess business risks associated with forecasts and subsequently analyze key performance indicators through the data collection process and management review.

Financial Statements Preparation
CGL offers the following category of outsourced activities as a package or on individual activity basis on fixed charges per assignment or on an hourly basis.

Trail Balance Preparation
Trial balance is the abstract of all accounts or subsidiary accounting books whether it be sales, purchase, cash, bank or any other accounting transaction. It is an abstract or summary to gather all accounting in one core statement. A proper trial balance is prepared before the start of our activity.

Fixed Assets and Depreciation Calculation
We classify, capitalize and record fixed assets items and capital expenditures (additions, transfers, deletions), calculate and record depreciation and amortization, maintain depreciation schedules etc. All the above-mentioned activities are performed as per the relevant regulations, Governmentt policies, international guidelines or the accounting standards applicable in respective countries.

Final Accounts Preparation

Profit and Loss Account
Balance Sheet
Balance sheet and income statement compared to budget
Accounts Payable and Accounts Receivable ageing provided after each check run
Reports are customized for Client's specific requirements, provision of "Mock' profit and loss statement and Balance Sheet prior to period closing and variances discussed with client
Provide comparison in any Report or Account

To avail our Accounting services, or to know more, contact us today at info@cosmicgloballimited.com

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