- +91-9810194996
- info@gecglobal.net
- B-1/52, Level 2, Near Petrol Pump Janakpuri New Delhi – 110058 India
GEC Global offers a comprehensive range of accounting services tailored for Australian businesses, ensuring financial accuracy, regulatory compliance, and strategic growth. Our team of experienced professionals provides precise financial reporting, tax planning, and advisory services to support informed decision-making and long-term success.
With a proactive and client-centric approach, we customise our solutions to meet your business needs, helping you navigate financial complexities, optimise cash flow, and enhance profitability. Partner with GEC for expert financial guidance that strengthens your competitive edge and drives sustainable business growth in Australia.
Experience unmatched financial clarity with GEC’s customized bookkeeping support, designed to give your business a competitive edge. Our seasoned professionals ensure precise and accurate financial records, fostering transparency and providing valuable insights for informed decision-making.
From reconciliations to income statement preparation and timely balance sheet creation, our dedicated team streamlines your financial operations. Harness the power of GEC’s accounting expertise to optimize your business processes and drive sustainable growth. Let us be your partner in achieving financial excellence.
Core Bookkeeping Tasks
• Manage Chart of Accounts
• Posting Nominal Ledgers
• Entering Nominal Expenses
• Preparing bank and credit card reconciliations
• Preparing Journals for Month Ends
• Preparing cheque payments
• Preparing trial balances
• Managing of Multi-Currency Accounting
Australian Tax Filing Services
- GST (Goods and Services Tax) Filing – Required for businesses registered for GST, ensuring accurate tax collection, input tax credits (ITCs), and compliance with the Australian Taxation Office (ATO).
- BAS (Business Activity Statement) Lodgment – Filing BAS on a monthly, quarterly, or annual basis to report GST, PAYG withholding, and other tax obligations.
- PAYG (Pay As You Go) Tax Compliance – Managing PAYG withholding for employees and PAYG instalments for businesses to meet tax obligations progressively.
- State-Based Payroll Tax Compliance – Ensuring compliance with payroll tax regulations in applicable states and territories based on business payroll thresholds.
- Accurate Tax Calculations – Ensuring proper tax collection, input tax credits, and reconciliation with financial records for accurate reporting.
- Timely Lodgment & Compliance – Avoiding penalties and interest charges by meeting ATO deadlines and fulfilling reporting requirements.
- Audit Assistance – Providing support in case of tax audits or compliance reviews by the ATO.
- Tax Credits & Incentives Advisory – Identifying eligible tax offsets, credits, and incentives to optimize cash flow and maximize business savings.
Unlock your business’s potential with GEC’s tailored payroll services, designed to meet your unique needs. Our expert solutions eliminate the complexities of in-house payroll, allowing you to focus on growing your business. Backed by extensive experience, we provide cost-effective services for businesses of all sizes, ensuring accurate processing and compliance.
With clear, concise payroll reports, we simplify financial management and enhance decision-making. Our meticulous attention to detail ensures compliance and accuracy at every step. Let GEC handle the details while you concentrate on scaling your operations and achieving your core objectives efficiently.
Here is a brief view of the plethora of services offered by us:
Setup & Onboarding
• Obtaining necessary tax withholding forms from employees.
• Creation and filing of required new hire reports.
Payroll Processing
• Performing payroll calculations after considering necessary federal and state withholding.
• Processing of payroll on weekly, bi-weekly, bi-monthly, or monthly basis and issuing pay stubs for employees as per client requirements.
• Payroll Sheet and Paycheck Creation
Tax & Compliance
• Processing deposit of federal and state payroll taxes as per required frequency.
• Calculation Of Federal Dues(Taxes) and check creation
• Calculation of State Dues(Taxes) and check creation
• From 940 — Quarterly
• From 941 —Annually
• Reporting and filing W2 and W4
• Employee insurance deductions
• Issuing annual payroll forms to employees.
• Ongoing consulting on payroll related matters.
Safeguard your business against fraud and boost its growth with GEC’s customized internal control solutions. Our strategies protect your assets, revenue leakages, streamline operations, and ensure compliance with industry standards. We identify risks before they become threats, empowering you with transparent processes and data-driven decision-making.
We achieve the above in the following manner:
- First and foremost activity is the segregation of duties. Ensuring that no single person has control over all aspects of any financial transaction. This considerably reduces the risks of frauds.
- Make sure transactions are authorized by a person delegated with approval authority when the transactions are consistent with policy and funds are available. Routine reconciliation and independent reviews
- Routine reconciliation of records and review by an independent person other than the preparer.
- Creation of accounting and operational policies to perform the work in a standardized manner.
- Review of business operations to check whether established procedures continue to be effective and efficient. If there is a need to revise those, a review of existing procedures is carried out to address changes in business practices.
GEC empowers businesses to amplify their strengths by expertly handling routine tasks with precision and confidentiality. Our services, including proactive follow-ups on outstanding receivables and prompt reporting, boost operational efficiency and enhance cash flow management. Partnering with us allows you to focus on innovation, strategic expansion, and achieving long-term goals.
Services Include:
- Tracking invoiceable events
- Preparation of invoices and mailing after approval
- Accounting for receivables transactions
- Follow-up on outstanding receivables
At GEC, we understand that suppliers are crucial to your business’s success. We specialize in vendor management, payables aging support, and invoice processing, ensuring reliable supplier relationships. Our solutions provide timely tracking of payables, enabling you to secure early payment discounts, maintain goodwill, and avoid costly delays.
Services Include:
- Sorting, scanning, and indexing invoices and processing as per the business policies.
- Upload of invoices in the AP system and release of invoices for payment
- Accounting for AP invoices and financial statements
- Utilities bill management
- Reporting Accounts payables
- Employee expenses processing
- Payment handling through electronic mode
- Compliance checks and audit mechanisms
Efficient bookkeeping is the goal for every business owner. Yet, the complexities of recruiting an in-house accountant, from sourcing the right talent to managing costs and compliance, can be a daunting task.
Tired of juggling accounting tasks? At GEC, our Virtual Accountant Services make it a breeze. Say goodbye to the stress of hiring an in-house accountant — our expert support comes at competitive rates. Whether you need part-time or full-time help, our virtual services ensure smooth bookkeeping and compliance. With GEC, take charge of your finances while saving time and money, and maintaining accuracy and professionalism.
Strategic Cost Optimization
• Replace in-house accountants with virtual experts, reducing fixed costs.
• Benefit from industry-competitive pricing without compromising quality.
• Minimize overhead expenses, including office space and employee benefits.
Tailored and Scalable Solutions
• Flexible options with part-time or full-time dedicated accounting professionals.
• Services designed to adapt seamlessly as your business evolves.
• Customized bookkeeping and compliance support aligned with your specific goals.
Expertise with Transparent Oversight
• Gain access to highly skilled accountants with in-depth knowledge of regulations.
• Maintain full visibility and control over financial processes through real-time updates.
• Ensure accurate, secure, and compliant reporting to make informed decisions confidently.
For burgeoning businesses, financial direction can be a challenge. Enter our Virtual CFO support, your strategic ally throughout the growth journey. By providing cost-effective solutions, we ensure meticulous financial oversight and furnish you with clear, real-time insights. This empowers you to drive growth, acquire customers, and make informed decisions — all while tackling essential financial concerns efficiently, without the commitment of a full-time CFO.
Financial Oversight & Improvement
• Overseeing, protecting, and constantly improving the financial side of your business.
• Improved quality and timeliness of financial information.
• A readily available sounding board to help with tough business decisions and clarify your business plans.
• Training and managing your accounting staff.
Strategic Planning & Support
• Creation of accounting policy manuals.
• Supporting the business to obtain funding at right costs.
• Defined tax-saving strategies.
• Preparation and controlling budgets.
• Supporting you to achieve medium-term and long-term objectives.
External Relations & Analysis
• Profitability analysis by service or product line.
• Trend analysis.
• Cash management.
• Liaison with bankers, attorneys, vendors, insurance agents, etc.
• Assistance in obtaining financing from banks, including assistance with negotiations.
• Review/negotiation of insurance policies.
• Development of company accounting procedure manuals.
• Analysis of equipment purchases, expansions, etc.
• Mergers and acquisitions assistance.
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A right beginning is half the battle won. Starting a business requires more than ambition; it demands a clear understanding of every component—revenue, product, pricing, expenses, suppliers, funding, and growth goals. A well-crafted strategic business plan aligns short- and long-term objectives, turning ideas into actionable success paths. Success isn’t just about having brilliant ideas; it’s about executing them with clarity and purpose through strategic planning.
With the right roadmap, you can anticipate challenges, seize opportunities, and stay ahead of the competition. A strong plan not only defines your vision but also inspires confidence in investors, stakeholders, and your team. Remember, every thriving enterprise begins with a blueprint for success. Make your first step count and set the stage for sustainable growth and impactful results.
A Strategic Plan is of great help in case of:
• Starting a new business or a venture
• Thinking of expansion of current business either through borrowings or own money
• Acquisition of another business
• Restructuring of a business
At GEC, we specialize in Cash Flow Management to ensure your business maintains financial stability and operational efficiency. Our expertise helps monitor, analyze, and optimize cash inflows and outflows, preventing liquidity issues. With GEC, you can focus on growth while we secure your cash flow.
We design tailored strategies to improve cash reserves, reduce financial risks, and ensure timely payments for both receivables and payables. By leveraging advanced tools and analytics, we provide real-time insights into your financial health, empowering you to make confident business decisions. Whether you’re scaling operations or navigating market challenges, our proactive cash flow solutions keep your business agile and prepared for the future. Partner with GEC to unlock the full potential of your financial resources.
We, at GEC, support your business plan and manage your cash flows in the rightful manner. We provide services with respect to the cash management of your business through:
• Supporting you obtain the right line of credit
• Cash management policies draft
• Supporting cash flows management through right projections and plan of action for surplus/deficits
• Drafting efficient payment policies
GEC India Consulting LLP is a professional consulting firm incorporated under the laws of India. GEC is not a CPA firm, law firm, or a substitute for such professional services. The firm’s operations, services, and offerings are governed by India laws. Accordingly, any legal matters related to the services provided by GEC shall be governed by the laws of India, and the exclusive jurisdiction for resolving disputes will rest with the courts in India.
While GEC provides a range of advisory and consulting services, clients are strongly encouraged to seek specific advice from licensed professionals such as chartered accountants, solicitors, or other experts within their respective jurisdictions. GEC does not provide legal or accounting services in the capacity of a CPA, solicitor, or attorney and makes no representations regarding the applicability of local laws or regulations in other countries.
The services offered by GEC are intended for informational and strategic purposes only. While we strive for accuracy, GEC is not responsible for any actions taken based on the provided information or services. Clients should independently verify the appropriateness of any advice or recommendations in relation to their specific needs and circumstances.
By engaging GEC’s services, clients acknowledge and agree to the terms outlined in this disclaimer. We reserve the right to modify or update the content of this disclaimer as necessary, and such changes will be effective immediately upon posting.
GEC does not provide assurances regarding the accuracy, completeness, or timeliness of any information shared. Any reliance placed on GEC’s services is strictly at the client’s own risk. The firm does not bear liability for any direct, indirect, or consequential losses arising from the use of its consulting services. GEC’s advisory services do not establish any fiduciary or legal relationship beyond the scope of the agreed engagement. Clients are encouraged to review any contractual terms carefully before proceeding with GEC’s services.
By using GEC’s services, clients acknowledge that they are responsible for complying with any applicable laws and regulations in their respective jurisdictions. GEC shall not be liable for any regulatory, tax, or compliance issues that arise from the use of its consulting services. The firm reserves the right to decline services if a request falls outside its permitted scope of work under India law.
GEC India Consulting LLP
Incorporated under the laws of India
Jurisdiction: Courts of India