Book Keeping Accounting

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Bookkeeping services are necessary for all businesses to ensure accurate operational / financial information. Such information is required by Management, Regulators, and Investors.

Bookkeeping often called as Accounting is not only mandatorily required but is very important for the company’s growth. Book Keeping enables you to make the correct business decision, pay taxes on time, manage cash flows, prepare the business model for investors and to actually check if business is making profits or not.

Bookkeeping is the process of recording financial transactions of a business in an accounting system and the creation of various reports. However, many small businesses do not have complete accounting departments and require external bookkeeping services. AnyTax can provide your business with bookkeeping services through a network of Accounting Experts and Chartered Accountants across India.

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Type of bookkeeping systems we work with

Type of bookkeeping systems we work with Our team has expertise in the following accounting systems. All the accountants have rich experience in accounting. Softwares which we work with are:

What kind of models do we have for the bookkeeping services?

We have both online and offline bookkeeping services.

Offline BookKeeping Service – In this kind of service our trained accountant will visit your premises daily, weekly or monthly as per the requirement. This kind of service is generally suggested for manufacturing and trading businesses as there are lot of transactions and there are no digital records.

Online bookkeeping services: This the easiest and cost-effective way to outsource your book keeping. It is highly recommended for service industries like tech companies, online sellers, and all type of other consultancy services.

Here we appoint a manager for you. You have to upload the monthly invoices, bank statements and its done. We will complete your book keeping and send you the monthly reports.

What are the benefits of outsourced bookkeeping?

1. Cost Saving of setting up infrastructure for the same

2. You don’t have to worry about employees leaving

3. In online accounting you save on seat needed if you had hired an accountant

4. Review by a CA every month so that there are no errors

5. Proper Accounting results in Higher Profit, Reduced Tax Liabilities

6. Complete Peace of Mind is delivered to you.

What is the process you follow for bookkeeping?

Once you subscribe for our package, we appoint a manager for you. He will be one point of contact for all your queries.

Following are the steps to be followed:

1. Every month/period end you share the bank statement, expense invoices which you have received and the invoices which you have raised to your clients.

2. Your appointed manager completes the book keeping entries in the recommended software. He sends the same for your review.

3. Once you approve it, we calculate your GST and TDS and forward it to you or tax filing team.

Frequently Asked Questions

You should hire a bookkeeper as soon as you begin your business. This way you’ll avoid making mistakes from the starting and reduce headaches

No way! You shall still maintain 100% control of all decisions and all checks will still be signed by you. You choose what merchants get paid and when. We provide with the data

If you own a private limited company, then it’s recommended that you hire a professional bookkeeping service. Bookkeeping requires the use of double-entry journal accounting to ensure that the Trial Balance is correct. As a private limited company, whether you have one member or fifty members, the compliance, accountability and accuracy should be the same.

AnyTax is one of the best online service portals to help businesses to receive bookkeeping services all over the world. We have more than 10 years of experience inbookkeeping services and other business related works.

Bookkeeping is relatively inexpensive and is crucial to the success of your business. It is important to keep an accurate record of your income and expenses, so you can make the right decisions at the right time thus reducing preventable losses. Small businesses are especially vulnerable in this area as they perceive great compensation from this exercise but underestimate the true value of labour and materials required. You would be better of with a bookkeeping service that will accept your receipts as early as possible and keep you updated and profitable.

You must treat these as two separate businesses with two separate books of accounts. It is simple and clear rule that each business has its own books of accounts andGST registration as well as well.

Books of accounts comprise of a Journal, a Ledger book, a Trial Balance, Original and carbon copies of bills/invoices/receipts, Cash Book, Profit and Loss A/c, Balance Sheet, Cash Flow Statements, etc.