Appoint us as your virtual accountants, so that you don’t have to spend your valuable time and energy in accounting and compliance procedures.
Book-keeping and accountancy are a continuous process happening daily through the year. Based on the data stored, the company can prepare their financial statements. Book-keeping and accountancy is not only essential for businesses but also for individuals and non-profit organisations.
Book-keeping follows a double-entry system wherein every transaction has two parts – debit and credit. Example: Purchase of goods for cash – In this case, one factor is the goods coming in the business (debit part) and the other part is the cash going out (credit part) of business. This system serves as an error-detection system because if at any point, the total credit is not equal to the total of debt, then there is some mistake while recording transactions.
We have a team of experts who can help you maintain all your records on our cloud platform, thereby saving you a lot of time and effort.
We have the best practices that ensure full confidentiality. Your data is essential and limited for us and we shall not share it with anyone.
Good accounting systems can help the management analyse the records and make better decisions. Also, management can make use of reports to present data in front of prospective investors and lenders to raise funds.
If the sale/turnover/gross receipts from the business or profession is more than ₹ 25,00,000 or the income from business or profession is more than ₹ 2,50,000 in any of the 3 preceding years, then books of accounts will be compulsorily maintained.
As per companies act, all companies have to maintain books of account at its registered office either in physical copy or electronically.
As per the Income Tax Act – 6 years from the end of the financial year
As per Companies Act – 8 Years from the end of the financial year
Along with book-keeping and accountancy, we also provide other related services such as GST filing, filing of income-tax and TDS returns, ROC compliances, etc.