Accounting & Payroll
Accounting & Payroll Services
Captigma offers professional Accounting & Payroll services designed to streamline financial management and ensure compliance for businesses of all sizes. Our expert team helps businesses maintain accurate accounting records and manage employee payroll efficiently, allowing you to focus on your core business operations while we handle the complexities of finance and human resources.
Accounting Services
Proper accounting is the backbone of any business, providing the financial insights needed for decision-making, planning, and growth. Captigma’s accounting services help businesses keep their financial records in order, ensure tax compliance, and offer clear visibility into your financial health.
Key Accounting Services Offered:
Bookkeeping:
- Captigma handles day-to-day bookkeeping tasks, ensuring all transactions—such as sales, purchases, receipts, and payments—are accurately recorded in the company’s books.
- We categorize expenses and revenues appropriately to maintain accurate financial records.
Financial Statements Preparation:
- We prepare accurate Profit & Loss Statements, Balance Sheets, and Cash Flow Statements that reflect the true financial position of your business.
- These financial statements are essential for tax filing, securing loans, and making informed business decisions.
General Ledger Maintenance:
- Captigma ensures that your general ledger is well-organized and updated, including all accounts of assets, liabilities, equity, income, and expenses.
Bank Reconciliation:
- We help reconcile your business bank accounts with your accounting records to ensure all transactions match, preventing errors and discrepancies.
Tax Preparation & Filing:
- Our team ensures your business’s accounting records are up to date and properly structured for easy tax preparation and filing.
Financial Reporting & Analysis:
- We provide monthly, quarterly, or yearly financial reports to help you track business performance and identify areas for improvement.
- Our reports also include financial ratios and analysis to assess profitability, liquidity, and overall financial health.
Audit Support:
- We assist in preparing for audits, providing the required documents, and addressing any queries or concerns from auditors.
Documents Required for Accounting Services:
- Bank Statements: For reconciliation purposes.
- Invoices (Sales & Purchases): To record transactions.
- Receipts & Payment Vouchers: For tracking expenses and payments.
- Payroll Details: If payroll management is included in the service.
- Tax Returns & Supporting Documents: If applicable.
- Loan/Lease Agreements: For recording liabilities.
Payroll Services
Managing payroll involves calculating employee salaries, deductions, bonuses, and benefits while ensuring compliance with tax laws and labor regulations. Captigma’s Payroll Services simplify this process, making sure that your employees are paid accurately and on time, and that your business complies with all relevant laws.
Key Payroll Services Offered:
Salary Calculation:
- We calculate employee salaries based on their working hours, attendance, deductions, and any bonuses or incentives.
- We ensure compliance with statutory requirements like the minimum wage, overtime pay, and other legal obligations.
Statutory Compliance:
- Captigma ensures compliance with all labor laws, including Provident Fund (PF), Employee State Insurance (ESI), Professional Tax (PT), and Gratuity.
- We also ensure that TDS (Tax Deducted at Source) is correctly calculated and deducted from employee salaries.
Payslip Generation:
- We generate detailed payslips for all employees, showing their gross salary, deductions, and net pay. These payslips are crucial for employee transparency and legal compliance.
Tax Computation & Filing:
- Captigma manages employee tax deductions (TDS) and prepares Form 16 for employees, ensuring timely and accurate tax filing.
- We provide guidance on tax-saving options and deductions to help employees optimize their tax returns.
Leave Management:
- We maintain a record of employee leave balances (sick leave, paid leave, etc.) and ensure that leave accruals and usage are accurately tracked.
Bonus & Incentive Management:
- Captigma helps you structure and manage bonuses and incentives based on company performance or individual achievements.
Compliance with Labor Laws:
- We ensure your payroll process complies with national and state labor laws, including the Payment of Wages Act, Maternity Benefit Act, and other related regulations.
Documents Required for Payroll Services:
- Employee Details: Name, PAN, Aadhaar number, bank details, etc.
- Attendance Records: To calculate working hours and leaves.
- Salary Structure: Breakdown of basic salary, allowances, bonuses, and deductions.
- Tax Deduction Details: TDS and other tax-related information.
- Leave Records: Information about leave balances, holidays, and absences.
- Insurance & Benefits Records: Details of employee benefits like PF, ESI, etc.
- Bank Details: To process salary payments.
Why Choose Captigma for Accounting & Payroll Services?
Expertise & Experience:
- Captigma’s team of professionals brings years of experience in accounting and payroll management, ensuring that your business stays compliant and financially organized.
Accurate & Timely Services:
- We ensure that all accounting records and payroll are processed on time, helping you avoid penalties or issues with tax authorities or employees.
Customized Solutions:
- We tailor our accounting and payroll services to fit the specific needs of your business, whether you are a small enterprise or a large corporation.
Comprehensive Compliance:
- With Captigma, you don’t have to worry about compliance. We stay updated with the latest accounting standards, tax regulations, and labor laws to ensure your business stays fully compliant.
Confidentiality:
- We take the privacy and confidentiality of your financial and payroll data seriously, ensuring that sensitive information remains secure.
Cost-Effective:
- Our services are designed to be cost-effective, saving you time and resources while providing high-quality accounting and payroll management.
Hassle-Free:
- With Captigma handling your accounting and payroll, you can focus on growing your business, while we take care of the financial and payroll complexities.