Accounting Solutions

At 7 Strokes we provide Accounting services by working as an outsourced accounting function for the client allowing them to concentrate on their core activities. Our services include:

Maintaining client accounting records incorporating transaction data supplied by them
Compilation of financial statements, customized schedules and MIS statements, as agreed
Presenting monthly/quarterly accounts to management highlighting any areas of concern
Liaising with management and/or client Head Office to respond to any accounts related queries
Coordinating and supporting the external auditors for timely and efficient finalization of audit
Bookkeeping and accounting

For every business organization bookkeeping and accounting is the necessity and backbone of the organization. In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analysing, reporting, and summarizing the financial data. Maintaining accurate, reliable and timely financial is very essential for running a successful business. At 7 Strokes data entry and bookkeeping is done by team of experienced and well-trained in timely putting all your data together.

Forecasting and Projections

An organisation needs to develop a forecasting system that involves several approaches to predicting uncertain events. Such forecasting systems require the development of expertise in identifying forecasting problems, applying a range of forecasting methods, selecting appropriate methods for each problem, and evaluating and refining forecasting methods over time. It is also important to have strong organisational support for the use of formal forecasting methods if they are to be used successfully.

Inventory verification

Inventory management is a step in the supply chain where inventory and stock quantities are tracked in and out of your warehouse. Whether you’re running a brick-and-mortar store, an e-commerce site, a supermarket, or a logistics company, an inventory management is a must-have.

The goal of inventory management systems is to know where your inventory is at any given time and how much of it you have in order to manage inventory levels correctly. It will give you insights into every aspect of your products, and in some cases, will help you better understand your customers too.

At 7 Strokes we can help you in optimizing the entire spectrum spanning from order placement with your vendor to order delivery to your customer, mapping the complete journey of a product in the supply chain.
Effective inventory management is all about knowing what you have, where it’s stocked, and how much you’ll need. That’s where 7 Strokes adds value.

Payroll management

Supporting your Company’s payroll process, including tracking work time to your staffs’ benefits provisions. Small and Medium Businesses today feel increasingly challenged to adhere to the regulatory payroll requirements as mandated by the state and local jurisdictions that include complying WPS regulations, timely deposits requirements. Outsourcing the payroll services is the trend across firms globally; it increases your salary confidentiality, eases administrative pressures and ensures compliance to the federal labor regulation. Our experienced accountants can advise you in every aspect of your business on effective Cost control.

Month End Financials

The month-end report adjusts your ledger for monthly transactions. ... The month-end report is also used to review the past month's transactions and make sure everything has been properly recorded. If your accounts do not balance, the month-end report is a time to correct any accounting errors.

The month end report should include the financial statements used to make business decisions.

In general, the month end report might include the following but may vary from business to business:

  • Income Statement
  • Balance Sheet
  • Cash Flow Statement
  • Gross Margin Analysis (trailing twelve months)
  • Inventory Turnover
  • Accounts Receivable
  • Accounts Payable
  • Working Capital Analysis
  • Fixed Asset Report