Accounting

It has become mandatory to keep a regular track of business transactions. From earning a penny to spending a penny, recording ensures transparent business operations by tallied account. The accounting and bookkeeping services can help in tracking every single transaction undertaken in past from learned decision of future.

The part of recording the financial affairs of the business is called bookkeeping, whereas accounting is the preparation of financial accounts. It is necessary to do accounting for small business, to avoid financial muddles. Expertise knowledge of accounting is essential even in the case of accounting for small businesses, to ensure the books are maintained as per the accounting standards. Maintenance of accounts is as an essential requirement for a home run business as it is to an industrialist.

Benefits

To gauge the income and expenditure of the business

To ensure a smooth and transparent business, every individual, firm or a corporation is required to know about the income and expenditure incurred or generated. 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 to the management. Although business owner(s) or managers are not directly associated with all transactions, accounting and bookkeeping help them to keep an eye on all the transactions from time to time.

Regular reconciliation rationalise decisions

Accounting comes with the reconciliation of data periodically. Monthly or quarterly reconciliation helps management to analyze the beneficial or detrimental aspects of the business. Hence, futuristic decisions can be rationalized with the analysis of loss and profit.

Attract investors with accurate financials

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

Ready to furnish data for timely compliance

Accounting makes it easy to extract data and submit it on time for regular return filing, compliance or scrutiny for the businesses.

Download Nulled WordPress Themes
Download WordPress Themes Free
Premium WordPress Themes Download
Download Best WordPress Themes Free Download
ZG93bmxvYWQgbHluZGEgY291cnNlIGZyZWU=
download micromax firmware
Download WordPress Themes Free
udemy free download

Documents Required

1.

PAN Card

Copy of PAN Card of the business entity

2.

Incorporation Documents

Certificate of Incorporation, MoA – AoA/ LLP Agreement / Partnership Deed

3.

Bank Statement

Bank Statement of current account in name of business

4.

Bank Statement of Partners

Bank statement of saving account of partners is also required

5.

Registration Certificates

Certificate of Government registration, such as GST

6.

Invoices and Bills

Sales invoices and expense bills for concerned accounting period

7.

Details of Assets

Invoices of sale or purchase of assets or pending loans

8.

Preliminary expense

Expenses made for company or LLP registration by promoters

9.

Details of Cash transactions

All the transactions incurred in cash needs to be booked

Get in touch with us

× How can I help you?