Cosmic It Services Pvt Llc

Cosmic IT Services, provides complete outsourced bookkeeping, financial information
management solutions, taxation and support services to SME's.
We have experts to take care of all your financial management needs including bookkeeping,
financial analysis, financial statement for managerial review, budgetary analysis, tax return
preparation, business consulting, management advisory, computer consulting and host of other
services.
Cosmic is a premium provider of online Accounting services. We specialize in Bookkeeping,
Taxation, Accounts Receivable and Payables Management etc.
We provide meaningful financial information in a cost effective and timely manner to our clients
and ensure that their business operation runs efficiently on a daily basis. From a low cost
bookkeeper to a high-end financial expert, we have it all. The efficiency of putting a low cost
bookkeeper to do the data entry and then the review and planning work by a financial expert
allows us to deliver quality management information at a lower cost.
Services offered from Cosmic:
• Setup the Company
• Setup the Accounts
• Setup the Invoice Templates as per the Clients Requirements
• Preparing the Budgets
• Taking the Company’s Backup and Restore
Accounts Receivable:
• Adding the Customers Details in the Accounting Software
• Entering the Estimates
• Entering the Sales Orders
• Entering the Invoices & Sales Receipts
• Entering the Receive payments
• Preparing the Reports on Vendors Aging, Balance Summary
• Customer reconciliation
• Preparing the Customer Balance Statement
Accounts Payable:
• Adding the Vendors Details in the Accounting Software
• Entering the Purchase orders
• Entering the Item Receipts
• Converting the Purchase orders and Item Receipts to bill
• Entering the bills
• Pay the bills ( Both Online and Check Payment)
• Preparing the Reports on Vendors Aging, Balance Summary
• Vendor Reconciliation
• Entering the third party transactions
Employees:
• Setting up the Employee Details as per the rules
• Adding the Taxation Detailes
• Preparing Monthly payroll
• Paying the Payroll Liabilities
• Paying the Employees to Checks / Direct Deposits
• Adjusting the Excess paid liabilities
Banking:
• Setup the Bank Accounts
• Entering the Debit Card Transactions
• Depositing the Customer receive payment
• Transfer the Amount
• Entering the transactions through online banking
Inventory:
• Setup the Items
• Updating the Cost Price, Sales Price, Reorder Point Level & Opening Stock
• Tracking the Items
• Adjust the Quantity value on hand
Sales Tax:
• Setup the Sales Tax Rates
• Enter the Sales tax through Bills & Invoices
• Pay the Sales Tax
• Adjust the Input and Output Tax
Reports:
• Financial Reports
• Monthly Reconciliation Reports
• Sales & Purchase Reports
• Inventory Reports
• Updating the reports in Excel Spreadsheet
• Reports on General Ledger
Audits
Cosmic follows an ongoing evaluation and regular Annual Audit Program, as a part of ISO process
wherein the following are evaluated:
• Policies and processes both for ISO and the organization as a whole
• Local security
• Network security
• Vulnerability assessment
• Confidentiality and privacy
What types of small businesses does this work for?
• Accounting, Tax, and Billing Service Firms
• Real Estate Sales
• Financial Services Offices
• Insurance Offices.
• Legal Offices
• Collection Firms
• Large Ticket Sales Firms - of almost any type
• Internet Website Development Companies
• Computer Service and Installation Firms
• Advertising Firms
• Employment & Human Services
• Travel Agencies
• Construction Companies
• Consumer Service Companies