Accurate & Organized Financial Record Keeping Services
Our team of experienced & dedicated professionals apply stringent data / information security measures for your bookkeeping needs so that you can focus on your core competencies while we manage your bookkeeping activities. We provide bookkeeping services & accounting services – weekly/monthly,/quarterly/annually as per the client requirement.
General Accounting & Book-Keeping
Setting-up Books of Account
General Ledger Maintenance
AR/AP Services
Ageing Reports & Summaries
Payroll Services
Financial Statements Preparation
Core Financial Statements
Compilation & Review
Adjustments & Reconciliations
Regulatory Reporting
Tax Returns Preparation
ITR Filing
GST Return Filing
TDS/TCS Return Filing
Corporate Tax Compliance
Financial Budgeting
Budget Planning & Preparation
Cashflow Budgeting & Forecasting
Expense & Cost Control
Capital Budgeting
FAQs on Audits
What is the difference between bookkeeping and accounting ?
Bookkeeping involves recording financial transactions, while accounting includes analyzing, interpreting, and reporting financial data.
What services are included in bookkeeping & accounting ?
Services under book-keeping are:
- Recording daily transactions
- Managing accounts payable & receivable
- Bank reconciliation
- Preparing trial balance
- Generating GST & tax reports.
Services under accounting are:
- Financial statement preparation (Profit & Loss, Balance Sheet, Cash Flow)
- Budgeting & forecasting
- Tax planning & compliance
- Payroll processing
- MIS reporting & financial analysis.
What are financial statement preparation services & who need it ?
These services involve the preparation of key financial statements such as the Balance Sheet, Profit & Loss Statement, Cash Flow Statement, and Statement of Changes in Equity in compliance with applicable accounting standards.
Companies registered under the Companies Act, 2013 must prepare financial statements annually. Even non-corporate businesses (like partnerships and proprietorships) require them for tax filing, audits, and loan applications.
What documents are required for preparing financial statements ?
Key documents include:
- Loan & liability details
- Trial balance
- General ledger & journal entries
- Bank statements & reconciliation
- Purchase & sales invoices
- Fixed asset records
What is financial budgeting ?
Financial budgeting involves planning, forecasting, and allocating financial resources to help businesses and individuals manage their income, expenses, savings, and investments efficiently. A business budget typically includes:
- Capital expenditure planning
- Revenue projections
- Fixed & variable expenses
- Cash flow estimates
- Profit & loss forecasting
Why is financial budgeting important for businesses ?
A well-planned budget helps businesses:
- Monitor cash flow and control expenses.
- Improve profitability and financial stability.
- Plan for growth, expansion, and unforeseen financial challenges.
What happens if a business fails to file a tax return on time ?
- Late fee of up to ₹5,000 under Section 234F
- Interest on tax dues under Section 234A
- Ineligibility to carry forward losses
- Possible tax scrutiny or penalties from the IT department
Which businesses need to file GST return and what are the penalties for late GST return filing ?
Businesses with an annual turnover above ₹20 lakh (services) / ₹40 lakh (goods) must register for GST and file returns.
Late fees of ₹50 per day (₹25 CGST + ₹25 SGST), up to ₹5,000, plus 18% interest on tax dues.
We offer & guarantee
Professional book-keeping services to help your regulatory compliances
Budgeting guidance to help a business take financial control
Ease your accounting & compliance burden, to focus on growing your business
Our methodical & industry benchmarked processes/services to support your business
Get the book-keeping & accounting expertise you need