Practicing Area

Find out how our key practice areas of management accounting help your organization to create value and sustain financial performance.

Bookkeeping

We provide complete bookkeeping solutions to CPAs and Small & Medium scale enterprises. We also help in managing the books of Accounts by setting the Key Performance indicators of your business and measure timely.

Outsourcing bookkeeping service has become a new norm of handling the books of accounts. The reason being in house Bookkeeping not only takes an ample amount of time but also is a tiresome activity. Especially for small or medium scale business, it takes space, time and costs that may better put in use for core business purposes.

Role of NJP:
  • Cloud-based accounting on Zoho, QuickBooks, Xero, etc.
  • Day-to-day bookkeeping and accounting.
  • Bank and Credit card reconciliation services.
  • Preparing Profit and Loss and Balance Sheet reports.
  • Adjustments to year-end accounts.

Taxation and Compliance

We offer high-grade tax processing services that extend to individuals, partnerships, companies, and corporations. We have a varied experience of providing taxation services to different entities across the UK. Further we can outsourcing services to UK accounting firms at very economical prices.

Role of NJP
  • Preparation of SA100 and Tax Computations reports
  • SA800 tax return preparation and calculation of your self-assessment tax.
  • VAT Return preparation
  • CT600 Company Tax Preparation

Zoho/Quickbook/Xero Setup

We Setting up of your accounting software through Checklist, for converting a client from a legacy software to Zoho/Quickbook/Xero.

Using cloud accounting software frees the business from having to install and maintain software on individual desktop computers. Cloud accounting solutions also allow employees in other departments, remote or branch offices to access the same data and the same version of the software.

All application functions are performed off-site, not on the user’s desktop. In cloud computing, users access software applications remotely through the Internet or other network via a cloud application service provider.

Role of NJP
  • Ensure Successful Implementation.
  • Providing Automation to the Business Accounting and Finance Services
  • Consulting on Cloud Accounting Services
  • Annual support contracts

Payroll Services

We offer our client to take care of their Payroll Liablities and ensure that they are correctly collected and correctly Paid.

Being a top of payroll administration service providing company we work closely with our clients to understand their concerns and address their fundamental challenges before moving to core aspects of payroll management.

Our payroll processing outsourcing services can lower your business expenses in keeping a clean payroll system.

Role of NJP
  • Set up employee master details in the software including name & address
  • Maintain employee master details – We work with our clients to obtain periodic changes for employees and update them in payroll software.
  • Run payroll cycle and provide reports to clients for final review.
  • Submit payroll once we obtain approval from the client.

Management Reports

We can prepare financial statements and reports to give you a detailed analysis of the performance of your organization.

Our management reporting services can help you take informed business decisions. We can prepare statements and reports to give you a detailed analysis of the performance of your organization.

We can assess the financial reports of your business and give you a report of the overall profitability.

Role of NJP
  • Data Trend Analysis
  • Job Turnaround Time & Transaction Time Analysis
  • Project/Activity Tracking & Compliance Reporting
  • Identifying Metrics and Drivers to Measure Activity Costs and Time Consumption

Accounts Receivable

Our Team of experienced A/R specialists provides customized account handling solutions as per your business requirement.

Great receivables management specifically adds to an organization’s benefit since it lessens terrible debts.

The organization likewise having a superior income and higher accessible liquidity. Besides, great receivables management boosts an organization’s professional image.

Role of NJP
  • Reduces the total Balance Outstanding
  • Preventing any bad debt in receivables outstanding
  • Determining the customer’s credit rating in advance
  • Frequently scanning and monitoring customers for credit risks

Accounts Payable

We also provide our services onaccounts payable and track the accounts on regular note and also helps your business run Smoother.

Vendors are life line to any businesses and keeping track of business’ payable is a key to uninterrupted support required for efficient functioning of the business. We assist our clients with end-to-end procure to pay cycles.

Role of NJP
  • Vendor set up and maintenance
  • Purchase order processing
  • Invoice and payment processing
  • Vendor statement reconciliation through our teams

Cash Flow and Forecasting

The inflow and outflow of cash will help you plan your budget better and forecast your investment better.

However, many are the businesses have realized that one thing that carrying the budgeting activity in-house can simply put more pressure on them and they find it difficult to focus on other important things.

So, businesses are now outsourcing the Budgeting process to a third-party agency. It ensures better budgeting with a very informed process as per the business. As the third-party agency is proficient in the process, a better quality of service can be expected from them.

Role of NJP
  • Easier for the businesses to understand the Pricing of the Products
  • Demonstrate all financial Data to the Management
  • Forecasting the Expected inflow in the Organisation
  • Preparation of the Cash Flow Statement