Service Overview

Strengthening the Bedrock of Your Financial System! Creating a fair balance of accounts and empowering businesses to take reliable financial decisions, accounts payables and account receivables are the most significant and critical processes in any productivity-oriented organization. Additionally, with systematic accounts receivable and payable operations in place, you can efficiently manage the working capital and identify the key areas for fund savings. Maintaining accurate accounts of purchased and sold goods or services either on cash or credit gives you clarity in your finances and allows you to manage your funds accordingly. Offering virtuous outsourced business bookkeeping services in India, work mania has been supporting its overseas and Indian clients to streamline their financials more effectively and productively. With reliable AP & AR services, we strengthen your financial system by efficiently updating your accounts and recording accurate and real-time receivables and payable transactions.

• Comprehensive income, balance sheets, and cash flow statements are provided in detail.
• Profit and loss or cost center reporting
• KPI performance dashboard
• Complete back-up notes for important balances
• Schedules for evaluating vital balances
• Budgeting and variances reporting
• Commentaries that explain things.

Budgeting And Forecasting

They’re usually related, but they’re not the same. Budgeting and forecasting will force you to consider your business model and the impact that changes will have on you.

What is the concept of budgeting?

The budget contains information on the company’s income, expenses, cash flow, and financial position, and it’s usually produced for a year and stays the same.

What is the concept of financial forecasting?

A forecast is a high-level prediction of what will occur, usually consisting of only important revenue categories and overall expenses. Forecasts can be made for a variety of time periods. A long-term projection may be included in your company strategy and may extend several years. Short-term predictions are usually made for operational reasons and might be as short as a week when a company is having cash flow issues.

• Analyze your company’s budget with real-time data that improve budget intelligence and protect profitability.
• Use pre-configured worksheets and reports designed for businesses to cut installation time by up to 50%.
• Increase productivity and accuracy with a finance-specific automated solution.

We can assist you in creating budgets and projections, but what can you do with them once they’ve been created to help you manage your business? We can go over them with you and provide you advice on:

• Will you be able to earn a profit? Is the predicted profit a realistic return, if so?
• Do you require outside funding? If so, how much and what kind of financing are you looking for? Is it better to have equity or debt?
• Does the plan appear to be reasonable?
• What happens if your turnover decreases by 10%? What happens if your company’s turnover rises by 10%?

It is vital that you compare your actual performance to your budget on a regular basis. Variances must be factored into your estimates in order to determine whether you require more Workmania Team or inventory. Will increased sales cause a cash flow issue? Knowing more about your company will aid you in responding to the changing business environment