Bookkeeping services holds a significant importance for all businesses as it helps to ensure confidential and other related information is provided to the responsible Management, Regulators or Investors accurately on time. It also finds its requirement for any business to maintain a proper book of accounts which in turn would ensure that all relevant tax filings are made and paid on time. Hence, bookkeeping is a very must thing for any business - be it profit or not-for-profit organization in India.
The Process of Book Keeping:-
Book Keeping is a process which involves recording financial transactions of a business and creating the records which involve the details of all the data entered for the accounting purposes. Book Keeping is generally an important function of the Accounting Department of an organization. However, many businesses (specifically, small scale ones) still do not have full-fledged accounting departments and direly require efficient book keeping services. Our Services can help your business maintain their records and books through an interconnected network of experienced CA's and Business Experts across India.
Book Keeping Services We Offer:-
- Accounts payable/receivable services
- Bank Account reconciliation
- Invoice and related processing services
- Accounting and setup services
- General Ledger maintenance
- Expense-related Ledger maintenance
- Assets/Equipment Ledger maintenance
- Preparing Accounts payable/receivable reports
- Preparing ageing reports and summaries
- Preparing income statements (likewise, Profit & Loss)
- Balance Sheet Services
- Trial Balance Services
- Preparing sales data and reports
- Cash flow statement
- Inventory Services
- Accounting setup services
- Book Keeping and Accounting on daily basis
- Expert advice on minimizing tax liabilities
- Submission to Inland Revenue
- Reasons for Managing Book Keeping Services
Statutory Requirement: Maintaining and managing the books of accounting records is a must statutory requirement for a Business as details of the transactions of a business is required for various regulatory filings.
Management’s Efficiency: Maintaining and keeping the records of accounts as a book, reviewing financial performance of the books can definitely help the respective business organization make better decisions based on data.
Appropriate Funding: Having a strong system for maintenance of accounts and preparing key financial indicators, hence improving the functioning and profit making of a company would help it to attract funds/funding easily.