A: Our Payroll Services offer a variety of professional support services, resources, and technology tools at a cost-efficient price to meet our client’s Human Resource compliance needs.

A: Be it a small or a multinational company, you will still have to file your tax return under the state employment. So it’s a wise decision to enroll yourself for the service to generate and manage your company’s payroll processes, efficiently.

A: Most small and medium business owners do not have the knowledge, time or ability to effectively perform their bookkeeping duties. Outsourcing a bookkeeper will provide you with the time required to focus on your businesses operations.

A: Absolutely! You will have 100% control of all decisions and all checks and documentation will be proceed only after receiving your sign on it. You decide what vendors get paid and when. We provide with the information and perform specific task.

A: The most important benefit is cost-effectiveness. How? The method avoids duplication of work and thus cost of operating the system is reduced. Hence the method is treated as Cost Effective.

A: Gapeseed’s Controller Services provide clients the access to knowledgeable CPA level expertise whenever the business requires it. The services include Supervision and review, Finalization of Accounts, Fixed asset management and Inventory Management.

Both! It’s based on whatever is best for our clients. We’re always flexible in designing a program that fits our client’s needs and objectives.

A: Internal audit is authorized to have full, free and unrestricted access to information including records, computer files, property and personnel of the company and is free to review and evaluate all policies, procedures, and practices for any company finctioning.

A: The client should contact us as soon as possible to ensure we have plenty of time to discuss ideas and research the best options for them. The earlier we start to discuss about the event the better opportunity we will have to secure the perfect venue, entertainment, suppliers, accommodation, flights and other elements within a budget.

A: Right from event planning to venue, the overall financial management to travel and accommodation, Gapeseed takes care every detailing of an event or workshop right from its inception to its completion.

A: Yes, apart from Permanent Staffing, Gapeseed’s Facility and Management Services vertical also caters to temporary staffing, contractual staffing and even Daily Staffing in some cases for M.I.C.E activities.

A: We cater to Retail Sector – Offline & Online, Luxury Retail brands, Big Stores like Walmart / QSRs – which are coming to India with their chain stores, franchising their businesses or those which are expanding to tier II cities.

A: Gapeseed hires people for International Businesses as well, for foreign corridors, International Branch Offices in India etc to the middle level job groups in the BFSI sector.

However, the Facility & Management vertical manages staffing of telesales for BPO, Delivery boys for food outlets or online retailers, Store Staff for Consumer Durables, Electronics, Delivery boys and even Housekeeping for Retail giants.

A: Our remote staffing solutions are offered under Business Services for International Businesses. We also hire for clients on annual contracts on our payrolls and help the clients by partnering with them as the HR partners.

A: Most online payroll solutions should quickly, seamlessly integrate with the used small-business accounting software systems, such as Sage 50 , Xero and Quicken. The designated Gapeseed Account Assistant will help in facilitating the procedure. You should be able to connect your existing accounting software directly from your online payroll provider’s user dashboard. Once it’s integrated, you won’t have to manually enter or reconcile payroll again.

A: We are a professional services firm dedicated to the success of small businesses, which is why we offer our Outsourced Bookkeeping service. This service is designed so that we become your internal accounting department.

You turn over all your time-consuming bookkeeping tasks to us—including paying bills, recording deposits, reconciling bank accounts, and more. With our advanced technology platform, we can manage all your bookkeeping activity online. You simply send your scanned source documents to us via a secure Internet connection, email, or fax. Once received, our bookkeeping experts process your documents and then deliver all the required financial documents to you online. You can enjoy a completely web-based process!

A: You may have discovered that by owning your own business you spend hours upon hours trying to keep track of the accounting paper trail instead of doing what you enjoy. Wouldn’t you rather use your strengths and skill set to build your business rather than having to worry about accounting issues? Outsourcing bookkeeping helps you answer the following questions:

Who owes me?

Who do I owe?

Did I make enough money this month?

When was that financial statement due anyway?

Am I meeting my filing deadlines?

How do I accurately process payroll?

What about taxes (sales, property, income)?

Am I keeping up with corporate record compliance?

These questions reveal the fact that there is a lot more to keeping a proper set of books than just knowing how to write a check.

Outsourcing your company’s bookkeeping to a certified bookkeeper can save you staffing overhead, operating costs, and management time, freeing up essential capital and increasing your capabilities so you can run your business more efficiently.The misconception is that by outsourcing bookkeeping the owner might lose control but with the right system in place the management decisions remain under the control of the Owner.

A: Everything is handled online, so you don’t incur the extra costs associated with delivering paper documents or scheduling pick up of monthly reports and financial statements. Take a look at our simple process:

When invoices and other bookkeeping documents come in to your office, either scan and upload the electronic copies to your portal, email, or fax them to us.

Your documents are received in our office electronically.

Our experts process all documents.

Our experts deliver management reports, financial statements, tax planning and cash flow reports, and more to you via your portal or email.

It’s a completely paperless and convenient process.

A: Outsourcing bookkeeping or accounting services trend is growing day by day and bring the startups and SMEs to the same level as big enterprises adding new features almost every day. Outsourcing helps the businesses to save their precious time and money. Gapeseed Consulting can help you manage the accounts effectively and at low costs.

It helps you maintain high quality and high level of accuracy.

It provides business specific solutions at reasonable price.

Offshore companies have a proper check on unlawful activities.

Helps you avail the latest technologies at lower rates.

Provide you expert assistance.

Outsourcing helps businesses to focus on core operations.

A: Accounting is like the foundation of a business in a sense as it tracks money in and money out. Most start-ups have to look for investors or borrow money. The first thing the bank will ask for is financial data and same goes for investors.Other reasons could be cash flow management. Almost 50% of businesses that did nothing to manage accounts ended up out of business. It helps you manage monthly accounts, payment of bills and see what is there and possibly coming in. Now some of that is done via projections but if you have nothing recorded how will you project anything?

A: Ideally, from the very beginning. You should plan ahead and set aside an amount of expenses that you can use to employ a bookkeeper. Employing a bookkeeper right from the beginning will allow you to focus entirely on the growth of your business. Spending much of your time on bookkeeping can cost you, so it is important to offset this work early to professionals. The beginning stages of your business are crucial because at this point you are establishing the structure of how your business will run in order to sustain. Bookkeeping will cause you to lose time, energy, and focus when you should be spending it on the growth of your business.

A: Accounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization’s business activities. In other words, it is a chronological log of transactions and events about an organization.

Accounting starts with process of bookkeeping. Any process that involves the recording of transactions and events either manually or electronically is a bookkeeping process.

Accounting not only involves identifying and communicating information on transaction and events, but also includes crucial process of analysis and interpretation.

Choose wisely according to your needs.

A: Bookkeeping is a very essential part of the business. At Gapeseed Consulting, we provide financial and bookkeeping services. An overview of some good bookkeeping services useful for you are:-

Setting up chart of accounts (COA)

Maintenance of general ledger

Invoice/bill entry

Inputting of banking details

Allocating the entries to their right account heads

Posting of bank account and credit card statements

Bank account and credit card reconciliation

Month-end or Year-end closing

A: Money always flows in from somewhere and flows out somewhere. Every transaction in business represents money moving from one place to another. Double-Entry just means recording the starting point and final destination of each movement of money.Awareness of where our money is coming from and going to gives us the best opportunity to influence it’s movement in the future.

A: The 3 Accounting Software available these days for your company, with features mostly used are given below:

1) Xero:
• Its standard pack which doesn’t cost much per month.
• It provides payments, account balances and payroll processing.
• It offers online invoicing service to the customers.
• It helps in keeping track of credits/returns.
• It provides inventory & budget management.

2) QuickBook:
• Its online version with per month charges.
• It makes easy to monitor sales/expenses and obtain banking transactions.
• It helps to generate invoices.
• It provides inventory & budget management.
• It charges additionally for payroll processing.

3) Freshbooks:
• It provides methodical wizard and tooltip boxes.
• It doesn’t have inventory & budget management.
• It provides credit card processing.
• I t helps in handling invoices and expenses.

A.

For payment of direct taxes
To file income tax returns
To avoid deduction of tax at higher rate than due
To enter into specific transaction such as:

Sale or purchase of immovable property valued at Rs 5 lakh or more
Sale or purchase of a vehicle other than a two wheeler
Payment to hotels or restaurants an amount exceeding Rs 25,000 at any one time
Payment in cash an amount exceeding Rs 25,000 in connection with travel to any foreign country
Payment of an amount of Rs 50,000 or more to the Reserve Bank of India for acquiring bonds
Payment of an amount of Rs 50,000 or more to a company or an institution for acquiring bonds or debentures
Payment of an amount of Rs 50,000 or more to a company for acquiring shares
Any mutual fund purchase
Deposit exceeding Rs 50,000 with any single banking institution in 24 hours.
Payment exceeding Rs 5 lakh for purchase of bullion and jewellery

A. As a business owner of a shop or establishment, you are compulsorily required to get the same registered under the Shops and Establishment Act.

Upon receiving the application for registration and the fees, the Inspector shall verify the accuracy and correctness of the application. Once suitably satisfied, he shall enter the details in the Register of Establishments and issue a registration certificate of your establishment to you. This certificate will be valid for 5 years and has to be renewed thereafter.

A: The purpose of the scheme is to provide for
1) Superannuation pension.
2) Retiring Pension.
3) Permanent Total disablement Pension

Superannuation Pension: Member who has rendered eligible service of 20 years and retires on attaining the age of 58 years. Retirement Pension: member who has rendered eligible service of 20 years and retires or otherwise ceases to be in employment before attaining the age of 58 years. Short service Pension: Member has to render eligible service of 10 years and more but less than 20 years.

A. An intimation of issuing of Registration Certificate will be sent through e-mail and the same can then be viewed under REG menu at https://www.aces.gov.in

A. Mostly licenses for registration of business are issued within 45 days after the Department receives a complete application. Public safety inspections are generally conducted and approved for the business location during this time. Under certain circumstances, temporary licenses can be issued by the Director to allow you to conduct business pending the final approval of your business license.