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What is Bookkeeping and Accounting Service?

What is Bookkeeping and Accounting Service?
Bookkeeping Service is a transactional and administrative work that manages the day-to-day financial transactions recording, including sales, purchases, receipts, and payments.

 

A bookkeeping and accounting service proposes a three-tiered approach to developing and maintaining your company's overall financial processes and management which includes -

  • General Accounting & Bookkeeping
  • Preparation of Financial Statement
  • Tax Return Filing

Who mandates Accounting and Bookkeeping Service?

Every company / firm who operates the business in India should abide by statutory regulatory requirements which includes maintenance of books of accounts.

 

  • As per the section 128 of the companies act, 2013, mandate every company including private limited company, public limited company, one person company has to maintain Company’s Books of Account in good order.
  • As per section 34 of the LLP Act 2008, limited liability partnership [LLP] requires to compulsory maintain proper books of account and statement of account & solvency relating to its business operation affairs.
  • As per Section 44AA of the Income Tax Act, every business (including sole proprietor and firm) requires to maintain proper books of account if income exceeds INR 1,20,000/- (one lakh twenty thousand rupees) OR his total sales, turnover or gross receipts exceeds INR 10,00,000/- (ten lakh rupees) in any one of the three years immediately preceding the previous year then.
  • Every professional carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession shall mandatorily keep and maintain such books of account to compute his total income for,  income tax return filing.
Who mandates Accounting and Bookkeeping Service?

Why Accounting and Bookkeeping Service?

Why Accounting and Bookkeeping Service?

Professional bookkeeping establishes an important requirement of effective financial management for every business, no matter which industry sector it operates in. When done efficiently, it ensures business growth and mitigates risks.

Accounting Service is more subjective, rendering business owners with financial insights about their business based on information acquired from their bookkeeping data.

Bookkeeping flourished prompt business decision making

When a business or a company is absolute on its accounting compliance needs, their financial information will be reliable, and they will be able to make better financial decisions that are suitably tailored.

Bookkeeping flourished prompt business decision making
PACKAGES

Starter

Preparation of books of accounts 

Preparation of Trial Balance, Balance Sheet, Profit & Loss Statement 

Income Tax Returns 

Runner

Preparation of books of accounts 

Preparation of Trial Balance, Balance Sheet, Profit & Loss Statement 

GST Returns

Income Tax Returns 

All in One

Preparation of books of accounts 

Preparation of Trial Balance, Balance Sheet, Profit & Loss Statement 

GST Returns

Income Tax Returns 

ROC Compliances

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frequently asked questions

Bookkeeping can create the financial reporting tools you need to make better decisions. They record all the transactions including profit and loss account, cash flow statement or variance analysis. Also, monitor loans and accounts to ensure that payments are up to date.

Bookkeeper rates vary depending on the business size, industry, number of transactions, financial services, and complexity of the businessOur professionals will guide you through the payment procedure thoroughly.

We provide accounting and bookkeeping services like profit and loss account, trial balance and balance sheet on monthly basis.

The accounting or Bookkeeping period is considered to be a month or a quarter while externally it is for twelve months i.e April 1 to 31st March every year.

Yes, CA Consultation is mandatory for an individual who indulges in accounting and bookkeeping service. We provide professional CA Consultaion for bookkeeping and accounting service to our dedicated clients.

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