Accounting and Bookkeeping Services
What is Accounting and Bookkeeping?
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.
Maintenance of accounts is as an essential requirement for a home run business as it is to an industrialist.
Benefits of Accounting and Bookkeeping
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.
Strategic control over operations
Although being a foreign person, this structure helps the promoters to control over the operations and activities in a strategic manner. With at least one Indian resident director, the foreign entities benefit from the indirect control and supervision.
Documents required for Accounting and Bookkeeping Services
PAN Card
Incorporation Documents
Bank Statement
Bank Statement of Partners
Registration Certificates
Invoices and Bills
Details of Assets
Preliminary expense
Details of Cash transactions
Foreign company registration process
Step 1
Pick the best suitable Package for accounting and bookkeeping
Step 2
Spare less than 10 minutes to fill our online Questionnaire
Step 3
Upload required Documents
Step 4
Make quick payment through our secured gateways
Step 5
Assigning a dedicated Relationship Manager
Step 6
Provide the details of the Business and transactions
Step 7
Entries in the Books of Accounts
Step 8
Maintaining the book of accounts on a daily basis
Step 9
Deliver up to date data
Step 10
Get access to updated Accounts as per your requirement
Step 11
For us, data secrecy is a priority
Step 9
Deliver up to date data
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