About

Accounting is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information relating to the business. It provides profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity.

Accounting is a practice and knowledge relating to methods for recording transactions, keeping financial records, performing audits, reporting and analyzing financial information to the management, and advising on taxation matters.

It has been observed that some start-ups unintentionally ignore the systematic accounting of their company at an initial stage. Later at the time of fund raising, it becomes challenging to gather all accounting information properly.

Updated books of accounts help to comply with statutory requirements on time, give visibility to business owners a good sense of how the business is doing, confidence to investors etc.

Benefits

Performance Tracking

Online accounts help to evaluate the performance & provide insight to strategize future course of action

Better Business Planning

Helps for better planning of Purchase & Sales, Budgeting and other business decisions.

Expense Tracking

Helps to meet deadlines such as timely payments of loans, rents, bills, taxes and so on

Timely Compliance

Helps to comply with requirements of all statutory and tax authorities based on their periodicity (Monthly / Quarterly / Half yearly / Yearly)

Increase Creditability

Helps to get credit from Bank and Financial institution based on updated and audited accounts

Always Accessible

You can log in from any place from your computer, mobile, phone or tablet

Documents Required

  • Bank Statements

  • Purchase Invoices

  • Sales Invoices

  • Cash Book

  • Vouchers

  • Tax Challans

Process

  • 6
    Assist in Audit
  • 5
    Preparation of Financial Statements and Reports
  • 4
    Review by Qualified Accounting Professionals
  • 3
    Data Entry in Accounting Software (Tally)
  • 2
    Verification of Information
  • 1
    Collection of Information

You will get

  • Updated Books of Accounts

  • Financial Statements

  • Assistance in Tax payment

  • Assistance in Audit

Book Keeping is a primary stage and its main objective is to maintain systematic records of financial transactions.

Book Keeping is a primary stage and its main objective is to maintain systematic records of financial transactions.

Accounting begins where book keeping ends and its main objective is to ascertain net results of operations and financial position and to communicate information to the users.

Financial Accounting deals with recording financial transactions and events, summarises and interprets them and communicates the results to the users.

Cost Accounting deals with ascertaining the cost of products manufactured or services rendered and helps the management in decision-making (say price fixation) and exercising controls.

Management Accounting concerns with generating accounting information relating to funds, costs, profits, etc., as it enables the management in decision-making.

Internal Users : Owners, Management, Employees and Workers

External Users: Banks and Financial Institutions, Investors and Potential Investors, Creditors, Government and its Authorities, Researchers, Consumers, Public

Yes, it is essential for start-ups to maintain records of their financial transactions, no matter how small. With updated accounting records, it will become easy to meet requirements of Registrar of Companies, Tax authorities, Investors and helps management in quick and informed decision.

Yes, it is necessary to maintain accounts, since tax authorities mandate to maintain books of accounts for assessment purpose irrespective to amount of profit / loss.

Yes, accounts can be maintained on computer.

No, you needn’t to be available in person. Scanned copy of documents can be sent to us via mail, and we will handle the rest.