- #Accounting and bookkeeping services how to
- #Accounting and bookkeeping services registration
- #Accounting and bookkeeping services software
#Accounting and bookkeeping services registration
We specialize in incorporation services, registration and licensing, apart from other value-added ancillary functions. We support in the creation of your company through expert counselling and incubation. You don’t have to worry as to how many years of data you need to have to comply with the rules and regulations of the companies act this will provide you with ample space to store the company’s books of accounts.Business Setup Worldwide is a platform to help you set up your business.
Virtual bookkeeping: This is the most lucrative and the most opted out method in the recent times which makes it easy & convenient to manage your bookkeeping of accounts. #Accounting and bookkeeping services software
You just need to put in the information and the software will prepare the necessary documents you need. There are various bookkeeping software service providers in the market which will help to prepare all the ledger/accounts.
Bookkeeping software: As its name suggests, it is completely based on Information & technology. 
Hence it overcomes the drawbacks of single entry system. This system posts a single credit transaction in one account and its debit effect is also reflected in a corresponding account which creates a balancing effect.
Double-entry system: It involves those businesses which have a large and complex transaction on a daily basis. Under the single-entry bookkeeping system, the transactions don’t match with the corresponding accounts. Under this system, a cash sale/business expense is recorded when they are actually incurred or paid. Single entry system: Traditional form of bookkeeping for a small business which has a minimum no. There are 4 types of bookkeeping systems in place viz. The books should be maintained for a period of 6 years from the relevant preceding year. Cashbook, general ledger, copy of bills & receipts. Section 6F specifies the list of various books which needs to be maintained as per the Income tax act, 1961 viz. If the sale/turnover from the business or profession exceeds INR 25, 00,000 or the income from business/profession exceeds INR 2, 50,000 in any of the 3 preceding financial years, then it becomes mandatory on the part of the assessee to maintain books of accounts. Some other books which need to be maintained as per companies act, 2013 are register of directors/members, register of employees stock options and other securities bought back. Section 25 companies which are solely formed as “Non-profit companies” are required to keep books of accounts for a period of not less than 4 years. Section 128 of the companies act, 2013 specifically mentions the books of accounts for a period of 8 years immediately preceding the current year. There are different laws under which bookkeeping has a statutory backing to its rules and regulations: Companies act, 2013 Our procedure, valuable trained resources, experience to streamline any accounts department, cost-effectiveness, timely delivery, help to management in the decision-making process makes us a leading service provider in India for Accounting & book Keeping Outsourcing for small and medium scale enterprises As a smart business owner, one should outsource accounting and bookkeeping to professionals.ĬAonWEB being a complete accounting solution provider knows the importance of bookkeeping therefore is actively involved in providing efficient bookkeeping services to businesses from any industry across India. #Accounting and bookkeeping services how to
As business owners, your job is not to chase accountants and face compliance mistakes at certain points of time but focus on your core area like how to increase sales. Inefficient bookkeeping departments could lead to legal implications that not only affect the company’s numbers but gives stress and harm the reputation of the company. Bookkeeping is not simply recording what comes in and what goes out, it is a systematic approach to maintain accuracy in recording your transactions, analyze the data and interpret the same which makes sure the health of business remains fit in the long run. Most of the small and medium enterprises fail to manage the health of their businesses due to poor resources in managing bookkeeping activities.
Accounting & Bookkeeping Services in IndiaĪccounting & Book Keeping Services all over India to efficiently manage your day to day records, analysis of your transactions, recommendation to manage the profitability and tax, balance sheet and tax filing.
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