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Accounting & Bookkeeping

Original price was: ₹5,999.00.Current price is: ₹1,999.00.

OTHER COMPLIANCES

Accounting & Bookkeeping

Bookkeeping is a systematic record of financial transactions in the appropriate books of records. What it means is, whether you make a sale or purchase something, a record will be maintained of the transaction. This record will allow you to easily keep a track of all your transactions and will help you analyse how you can cut costs and reduce taxes.

Bookkeeping is a function of the accounts department of a business. However, many small businesses do not have fully staffed and efficient accounting departments and require the help of external bookkeeping services.

Benefits of Service

  • Complete & systematic record as it is done based on generally accepted principles and scientific way of presentation of business transactions in books of accounts. It is a complete and accurate recording of all business transactions. Since one cannot remember all the transactions took placed in the particular time period.
  • Helps in raising of loan as no businessperson can expect a loan or overdraft facility without producing proper evidence of income, in the form of accounting records.
  • The requirement for tax purposes i.e., accounts are necessary for recording the correct income & expenses. So, in the absence of proper accounting records, it would be tough to prove the exact income to tax authorities on which tax could be levied. Even in GST, it is mandatory to maintain proper accounting records for 8 years.
  • Bookkeeping helps you to monitor the financial health of your business. Too many expenditures without adequate cash influx can be troublesome for any business. If detailed bookkeeping isn’t part of your modulus operandi, how will you ever know if your business is succeeding or failing?
  • Accurate bookkeeping records can also help you to make personnel decisions. We can track spending on various areas on business which would be helpful in taking decisions as to what shall be remuneration drawn and whether to withdraw or deposit additional funds in business.

OTHER COMPLIANCES

Accounting & Bookkeeping

Bookkeeping is a systematic record of financial transactions in the appropriate books of records. What it means is, whether you make a sale or purchase something, a record will be maintained of the transaction. This record will allow you to easily keep a track of all your transactions and will help you analyse how you can cut costs and reduce taxes.

Bookkeeping is a function of the accounts department of a business. However, many small businesses do not have fully staffed and efficient accounting departments and require the help of external bookkeeping services.

Benefits of Service

  • Complete & systematic record as it is done based on generally accepted principles and scientific way of presentation of business transactions in books of accounts. It is a complete and accurate recording of all business transactions. Since one cannot remember all the transactions took placed in the particular time period.
  • Helps in raising of loan as no businessperson can expect a loan or overdraft facility without producing proper evidence of income, in the form of accounting records.
  • The requirement for tax purposes i.e., accounts are necessary for recording the correct income & expenses. So, in the absence of proper accounting records, it would be tough to prove the exact income to tax authorities on which tax could be levied. Even in GST, it is mandatory to maintain proper accounting records for 8 years.
  • Bookkeeping helps you to monitor the financial health of your business. Too many expenditures without adequate cash influx can be troublesome for any business. If detailed bookkeeping isn’t part of your modulus operandi, how will you ever know if your business is succeeding or failing?
  • Accurate bookkeeping records can also help you to make personnel decisions. We can track spending on various areas on business which would be helpful in taking decisions as to what shall be remuneration drawn and whether to withdraw or deposit additional funds in business.

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