Regularly maintaining and keeping records and tracking business-related transactions is very hectic.
It is a time-consuming and crucial job to keep the records of Rs.1 to millions. With our Bookkeeping
and Accounting services, it will be going to be a manageable task to trace every single transaction
from the past to the future. Bookkeeping is simple, Known as the recording of the financial
operations of a business. Accounting refers to making financial accounts.
Accounting of business is mandatory for small businesses unless it is a proprietorship. For
maintaining such accounts, one needs enough knowledge and expertise in the field so it can ensure
that the accounting is done under the norms and measures of accounting. The accounting process is
important to both industrialists and small home businesses.
Bookkeeping and Accounting is a process of maintaining the financial records of an organization and
accurately balancing the finances.
Legal24by7 will provide you with the needed guidance and consultation services regarding
bookkeeping that help you in your business. You can connect with our bookkeeping accountants and
experts anytime whenever you want to take benefit from our services.
1. To measure the income and expenses of a business
Accounting helps businesses to run a smooth and transparent business. It helps businesses
know better about their expenditure and incomes so they can plan further strategically.
2. Getting the information promptly
For a business, it is very important to well maintain its records. It shows the management
skills and ability of a firm. The manager gets a chance to keenly observe the transactional
activities of a business.
3. Regular reconciliation rationalizes decisions
The regularization of data provides businesses with a vision to be more futuristic. They can
better analyze the profit and loss of a business and can understand the reason behind it.
4. Attract investors with accurate financial
The financial condition of a business is important for an investor before making his decision
to invest in a company. Keeping your books and accountants up to date will attract more
investors to your business.
5. Ready to provide data for timely compliance
The process makes it easy for businesses to get their data on time. It will help them in filing
the return on time as well. Also, businesses can regularly sustain the compliance and
scrutiny of the business.
Copy of PAN Card of the business entity
Certificate of Incorporation
MoA & AoA/ LLP Agreement / Partnership Deed
Bank Statement of the current account in name of the business
Bank statement of the saving account of partners is also required
Registration Certificates
Invoices and Bills
Preliminary expense
Details of Cash transactions
1. Selection of Package
First, select a package according to your choice, and fill out the required forms or connect
with the team to take any assistance.
2. Collect the Details of the Business and Transactions
The team will gather all the details and documents of your business and transaction from
you.
3. Entries in the Books of Accounts
The team will do every single entry of the books and accounts. After that, they will maintain
it daily.
4. Delivering Updated Data
As per the requirement of our host, we will deliver them the updated data.
Legal24by7 is here to make everything easy for you. If you have any doubts about how to start with
the procedure, we are here to resolve this confusion for you. We will enlighten you about what are
the different criteria you must fulfill & what is the best possible way you can do everything
smoothly. For convenient Accounting & Book Keeping, we have a team of highly skilled
professionals and a large network of people who can assist you with every service that you will need.
Bookkeeping is a process of recording of financial operations of a business.
Accounting refers to making financial accounts. It includes interpretation, summarization of financial data, analysis of data, reporting, and classification.
There are two types of Bookkeeping – Single entry Double Entry
Businesses and entities need to run a well-maintained accounting system of their organization so that it can help them in handling their businesses more effectively.
Lack of time, information, expertise, and ability can lead a business to go for the option to avail of outsourcing bookkeeping services. Outsourcing services help businesses in minimizing workload so that they can focus more on their businesses.
No, both are different from one another. Bookkeeping is the maintaining of records of a business transaction accurately on the other hand payroll maintains the employee’s wages’ related data.
The legal24by7 team ensures the confidentiality of the clients and their businesses and assures you that your details and information are our topmost responsibility and are completely in safe hands.
The team maintains records through computers and online modes. There are various techniques available that make the job of a human easy. The expert’s team knows the required software that will use in managing the accounts.
