Accounting and Bookkeeping

Accounting and bookkeeping are critical financial processes that involve recording, summarizing, and analyzing a business’s financial transactions. These services ensure accurate tracking of income, expenses, assets, and liabilities, enabling businesses to make informed financial decisions and comply with regulatory requirements. By maintaining organized financial records, businesses can manage cash flow effectively, prepare for audits, and plan for future growth. Professional accounting and bookkeeping services also help reduce errors and save time, allowing business owners to focus on their core operations.

Documents Required

Business Documents

Certificate of Incorporation (if applicable)

Business Registration Certificate

GST Registration Certificate

PAN Card of Business/Entity

Tax Deduction and Collection Account Number (TAN)

Financial Documents

Bank Account Statements

Purchase Invoices

Sales Invoices

Expense Receipts

Asset and Liability Records

Loan or Credit Agreements (if applicable)

Tax and Compliance Documents

GST Returns (GSTR-1, GSTR-3B, GSTR-9)

Income Tax Returns (ITRs)

TDS Returns and Certificates

Payroll Records

Process Timeline

Record Transactions

Capture all financial transactions, including sales, purchases, receipts, and payments.

Classify Entries

Categorize the transactions into appropriate accounts such as income, expenses, assets, and liabilities.

Reconcile Accounts

Match recorded transactions with bank statements to ensure accuracy.

Prepare Financial Statements

Generate reports such as income statements, balance sheets, and cash flow statements.

Review and Analyze

Assess financial data to identify trends, opportunities, and areas for improvement.

Compliance and Reporting

Ensure that all financial records comply with regulatory requirements and prepare tax returns if necessary.

Maintain Records

Store financial data securely for future reference, audits, or legal requirements.

Find the Perfect Fit for Your Budget

Choose from our range of flexible pricing options that cater to your specific needs.

₹4,999

Basic Plan

A brief description goes here

Get Started

Maintenance of basic accounts for small businesses or startups.

Up to 100 transactions per month (sales, purchases, and expenses).

Preparation of profit and loss statement and balance sheet (monthly).

Tracking of receivables and payables.

Bank reconciliations for up to 2 accounts.

Email support for accounting queries.

Delivery of monthly financial reports.

Setup and onboarding within 5 business days.

₹9,999

Standard Plan

A brief description goes here

Get Started

Comprehensive accounting services for medium-sized businesses.

Up to 500 transactions per month, including sales, purchases, payroll, and expenses.

Preparation of financial statements: profit and loss, balance sheet, and cash flow (monthly).

GST compliance support: tax calculations and filing assistance.

Reconciliation of bank accounts, credit cards, and ledgers.

Support for inventory tracking and stock management.

Detailed accounts receivable and payable management.

Email and phone support for accounting queries.

Delivery of comprehensive monthly financial reports.

Onboarding and setup within 7 business days.

₹19,999

Pro Plan

A brief description goes here

Get Started

End-to-end accounting for businesses with complex needs or higher transaction volumes.

Handling of up to 1000 transactions/month.

Customizable chart of accounts tailored to your business structure.

Preparation of all financial statements: monthly, quarterly, and annual.

Detailed support for budgeting, forecasting, and cash flow management.

Tax compliance and filing assistance: GST, TDS, and income tax.

Integration with your existing ERP or accounting software.

Audit-ready books and support during audits.

Reconciliation of multiple bank accounts, loans, and assets.

Access to dedicated accounting expert for on-demand consultations.

24/7 priority email and phone support.

Setup and onboarding completed within 5 business days.

Frequently Asked Questions

Find answers to commonly asked questions about our products and services.

What is the difference between accounting and bookkeeping?

Bookkeeping involves recording and organizing financial transactions, while accounting includes interpreting, analyzing, and reporting financial data for decision-making.

Why is bookkeeping important for my business?

Bookkeeping ensures accurate financial records, helps track cash flow, and simplifies tax preparation and compliance.

Can I handle bookkeeping on my own?

While small businesses may manage bookkeeping themselves using software, professional services are recommended to ensure accuracy and compliance as the business grows.

What types of businesses need accounting and bookkeeping?

All businesses, regardless of size or industry, need accounting and bookkeeping to manage finances, maintain compliance, and support growth.

What software is commonly used for bookkeeping?

Popular bookkeeping software includes QuickBooks, Xero, Zoho Books, and Tally, which offer features like automated transaction recording, reconciliation, and reporting.

How often should bookkeeping be done?

Bookkeeping should be done regularly, ideally daily or weekly, to ensure financial records are accurate and up-to-date.

What financial statements are prepared during accounting?

The main financial statements include the income statement (profit and loss), balance sheet, and cash flow statement.

Can outsourcing accounting and bookkeeping save money?

Yes, outsourcing can save money by reducing the need for in-house staff, ensuring expertise, and minimizing costly errors.