Accounting and Bookkeeping online in India

Accounting and Bookkeeping

Keep track of all your financial transactions and maintain complete transparency in your business activities with our Accounting and Bookkeeping Services.

To make any strategic decision for an Entity, all the Owners/ Managers need to have a clear idea of where their organization stands financially

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What is Accounting and Bookkeeping?

Recording the day-to-day financial affairs of a business is a part of Bookkeeping. The preparation of financial accounts is known as Accounting. Accounting is mandatory for all forms of businesses including Small Enterprises and Freelancers. Apart from the compulsion, it is always better to keep the financial statements up to date and accurate to avoid financial muddles. Maintenance of accounts is as essential for a home-run business as it is for an industrialist. There are mandatory standards of accounting a business needs to follow. To conform to such criteria, it becomes essential to take help from experts.

Benefits of Accounting and Bookkeeping

To gauge the income and expenditure of the business

To ensure smoothness and transparency, every individual, firm, or corporation must know about the income generated and expenditure incurred. This helps them to plan and strategize their financial resources and exploit them accordingly.

Timely access to operational information

Up to date records provide access to operational information at any time to management. Since business owners or managers are not directly associated with all transactions, accounting and bookkeeping will help them to keep an eye on all the activities from time to time.

Regular reconciliation rationalizes decisions

Monthly or quarterly reconciliation of data helps the management to analyze the beneficial or detrimental aspects of a business. Accounting services come with the additional benefit of periodical reconciliation of data. Hence, future decisions can be rationalized after analyzing the profit and loss.

Attract investors with accurate financial statements

Investing in any business is followed only after a complete analysis of its financial condition. While approaching investors, you need to make sure that your books of accounts are up-to-date and accurate. Inconsistency in financial statements may refrain investors from jumping into your business.

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Documents required for Accounting and Bookkeeping Services

  • Company / Business Incorporation Documents

  • Bank statement of a financial year or monthly statement (with remarks)

  • Purchase-Sales invoices, if any

  • Expense bills, if any

  • Any receivable and payable detail

  • Any other Government registration taken

  • Cash Expenses

  • Bank Statement of partner/ members with remarks if used for business transactions

  • Expenses made for company or LLP registration by promoters

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