Bookkeeping and Accounting Services

Discover our bookkeeping, and accounting services tailored to your business needs. 

9

Jurisdictions in our service area

About Gerai Ltd

Get Expert Bookkeeping, and Accounting Services

Unlock the power of streamlined financial management with our comprehensive suite of services. We keep your financial records in one place, well-organized, and always up-to-date. 

We provide solutions for all your financial needs, from quick decisions to long-term planning. These include corporate accounting, auditing, bookkeeping, and other administration services.

Our Solutions

Key Services Offered

Our mission is to lead businesses towards evolution and impact. We are committed to steering the modern business landscape.

Accounting Services

  •   Monthly centralized accounting transactions.
  •   Comprehensive bookkeeping services.
  •   Harmonization of bank and trial accounts, inclusive of comprehensive credit card reconciliation.
  •   Generation and meticulous review of balance sheets and income statements.
  •   Custom financial reporting.
  •   Regular monthly company performance reviews.
  •   Efficient processing of invoices for annual audits.

Corporate Income Tax Returns

  •  Expert guidance and hands-on assistance in meeting corporate income tax reporting obligations globally.
  •  Ensuring strict compliance with local regulations.

Indirect Tax Returns

  •  Navigating the intricate landscape of indirect taxes, including VAT, to ensure precise reporting and optimization of liabilities or refunds worldwide.

Auditing Services

  • Diligent conduct of financial statement audits, adhering strictly to International Accounting and Auditing Standards.
  • Enhancement of regulatory framework and governance through meticulous audits.
OUR FIRM

Why Choose GERAI LTD?

At GERAI LTD, we utilize advanced technology to ensure accuracy and efficiency in our services. Our experts ensure that they do your taxes correctly so you can focus on growing your business. Experience peace of mind knowing your financial information is in capable hands.

Utilize QuickBooks Online and Global Compliance Application

Instant updates on financial information

Advanced technology for accuracy and efficiency

Expert accountants handling taxes

Frequently Asked Questions

Discover the Most FAQ that spark creativity and give customers a fantastic experience.

What are accounting services near me?

Accounting services near you refer to professional financial services offered by local accounting firms or professionals within your geographical area. These services include bookkeeping, tax preparation, financial analysis, and more.

What are auditing services?

Auditing services involve the examination of financial records, transactions, and processes to ensure accuracy, compliance, and transparency. Auditors assess internal controls, financial statements, and operational procedures to identify any discrepancies or areas for improvement.

How can business accounting services benefit my company?

Business accounting services provide essential financial management support, including bookkeeping, tax planning, budgeting, and financial analysis. These services help businesses maintain financial health, make informed decisions, and achieve their strategic goals.

What is accounting services outsourcing?

Accounting services outsourcing involves hiring external firms or professionals to handle various accounting tasks, such as bookkeeping, payroll processing, tax preparation, and financial reporting. Outsourcing allows businesses to access specialized expertise and reduce operational costs.

Are online accounting services reliable?

Yes, online accounting services for small businesses leverage digital platforms and cloud-based software to deliver efficient and accurate financial solutions. These services offer convenience, accessibility, and real-time insights into your business’s financial performance.

What is the difference between bookkeeping and accounting services?

Bookkeeping is recording transactions and maintaining ledgers. Accounting includes financial analysis, tax planning, and reporting, in addition to bookkeeping tasks.

How do VAT declarations work for services to the EU?

VAT declarations for services to the EU involve reporting taxable transactions and calculating VAT owed on services provided to EU countries. Quarterly VAT declarations are typically required, along with VIES declarations to comply with EU VAT regulations.

What is a US tax partnership, and why is it important?

A US tax partnership is a business structure where two or more individuals or entities join forces to operate a business and share profits or losses. Understanding and managing US tax partnership obligations is crucial for compliance and tax planning purposes.

What are accounts receivable, and how are they managed?

Accounts receivable represent money owed to a business by its customers or clients for goods or services provided on credit. Managing accounts receivable involves tracking outstanding invoices, following up on overdue payments, and maintaining cash flow.

What is involved in corporate tax returns?

Corporate tax returns involve reporting a company’s income, deductions, credits, and tax liabilities to the relevant tax authorities. This process requires accurate financial records, compliance with tax laws, and timely filing to avoid penalties.

What is a balance sheet, and why is it important?

A balance sheet is a financial statement that summarizes a company’s assets, liabilities, and equity at a specific point in time. It provides insights into a company’s financial health, solvency, and ability to meet its obligations.

Why are internal controls essential for businesses?

Internal controls are procedures and policies implemented by a company to safeguard assets, prevent fraud, and ensure accuracy in financial reporting. Strong internal controls promote accountability, transparency, and compliance with regulations.

How can online bookkeeping services help business owners?

Online bookkeeping services offer convenience, accuracy, and real-time access to financial data for business owners. These services streamline bookkeeping tasks, automate processes, and provide valuable insights for informed decision-making.

What financial data is included in accounting services?

Accounting services encompass various financial data, including income statements, balance sheets, cash flow statements, tax returns, and financial analysis reports. These data help businesses assess performance, plan budgets, and make strategic decisions.

How do corporate accounting services support small businesses?

Corporate accounting services provide small businesses with expertise in financial management, tax planning, compliance, and strategic planning. These services help optimize financial performance, minimize tax liabilities, and navigate complex regulations.

What is the significance of income tax for businesses and individuals?

Income tax is a tax imposed on individuals and businesses based on their earnings or profits. Understanding income tax laws, deductions, and credits is essential for businesses and individuals to comply with tax regulations and minimize tax liabilities.

What is QuickBooks Online, and how does it assist with accounting?

QuickBooks Online is cloud-based accounting software designed for small businesses to manage invoicing, bookkeeping, payroll, and tax preparation tasks. It offers features such as bank reconciliation, financial reporting, and integration with other business tools.

What is an IRS audit, and how can businesses prepare for it?

An IRS audit is an examination of a taxpayer’s financial records and tax return to ensure accuracy and compliance with tax laws. Businesses can prepare for an IRS audit by maintaining accurate records, understanding tax regulations, and seeking professional guidance if needed.

Still have questions?

If you have any other questions or need further information, don’t hesitate to contact us. We are here to help you!

What our clients says

At GERAI LTD, client satisfaction is our measure of success, and our commitment is evident in every bespoke financial solution we provide.

5.0 out of 5.0 Rating on Google Business Profile

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