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Accounting & MIS Services
Accounting or accountancy is the measurement, processing and communication of financial information about economic entities.
A Management Information Systems (MIS) focuses on the management of information systems to provide efficiency and effectiveness of strategic decision making. The concept may include systems termed transaction processing system, decision support systems, expert systems, and executive information systems.
MyOnlineCFO.in helps organizations to maximize the benefit from investments in personnel, equipment, and business processes. We provide following Services in Accounting & MIS.
Accounting System Design & Implementation
An accounting system is the nucleus of any successful business. The ability to access accurate and timely information from your financial system allows you to resourcefully manage your operations by making informed decisions.
Our unique approach is to select and tailor your system to meet both your current needs and anticipated needs for the future. We partner with your management team and assess your needs based on your business model and industry specialization. Our approach includes the following:
Our team of experts guides you through the selection, implementation and conversion of your data from start to finish. We will ensure your accounting system adheres to all requirements imposed by federal regulations.
Financial Accounting
The purpose of accounting is to provide the information that is needed for sound decision making. The main purpose of financial accounting is to prepare financial reports that provide information about a firm’s performance to external parties such as investors, creditors and tax authorities. We provide following Services in financial Reporting.
MIS Report
MIS stands for Management Information System. Business managers at all levels of an organization, from assistant managers to executives, rely on reports generated from these systems to help them evaluate their business’ daily activities or problems that arise, make decisions, and track progress. We Provides following services in MIS Report.
Asset Accounting Management
Fixed assets management is an accounting process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. Organizations face a significant challenge to track the location, quantity, condition, maintenance and depreciation status of their fixed assets. A popular approach to tracking fixed assets uses serial numbered asset tags, which are labels often with bar codes for easy and accurate reading. We Provide Following Services in Asset Accounting Management.
Depreciation & Amortization Schedule
Because very few assets last forever, one of the main principles of accrual accounting requires that an asset’s cost be proportionally expensed based on the time period over which the asset was used. Both Depreciation and amortization (as well as depletion) are methods that are used to prorate the cost of a specific type of asset to the asset’s life. It is important to mention that these methods are calculated by subtracting the asset’s salvage value from its original cost.
MyOnlineCFO.in provides services & methods for Depreciation & Amortization so that financial statement reflects a true & fair view of Organization Financial Statements as well as follow the law and regulation in the regards of depreciation & amortization of particular assets.