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<h2>How we handle the entire bookkeeping and accounting functions of a software company in the healthcare domain registered in the US

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            <h3>The Client</h3>
            <p>The client is engaged in the development and marketing of a software product in the healthcare domain. 

 </p>
<p>The client is registered in the USA in Delaware State and can be considered as a “Small business” considering its scale of operations. 
</p>
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            <h3>The Problem Statement</h3>
        <p>The client had engaged a service provider in the USA. However, the client was not happy with the services since the transactions were not being recorded on time because of which the client was missing out on filing deadlines and incurring fines and penalties. 
</p>

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            <h3>Our Role</h3>
<p>The client has a senior team member who works out of India who approached us asking for help with putting the house in order. 
</p>
<p>We took over the engagement and we currently handle the entire bookkeeping and accounting functions along with filing of Sales and Use tax returns. 
</p>
<p>We also support annual tax filing and Form 1099 filing for the client by providing all relevant information to the tax consultant of the client in the USA. 
</p>

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            <h3>Result</h3>
<p>We took over the engagement in October 2021 and the client had backlog of transactions from April 2021 onwards. 
</p>
<p>All backlog transactions were booked by the end of October 2021 and we brought in a practice of monthly book closure and issue of financials by the 20th day of the subsequent calendar month. 
</p>
<p>Regular review calls were initiated with the client to discuss the financials and major transactions. Captable of the client was corrected by reviewing all inflows and outflows from day 1 of incorporation.
</p>
<p>Today, the books are being closed on time and all compliance requirements are being met promptly. 
</p>

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            <h5>Get in touch with us</h5>
            <h2>We are looking forward to discussing your project</h2>
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