Accounting – Bookkeeping
Accounting is the process of recording and summarizing financial information in a useful way. Accounting is necessary for every person who wants to ensure accurate recording and retrieval of financial information. It is more essential in case of business entities since these entities are required to present their operational and financial information to the Management, Regulatory Authorities and Investors.
It is a legal requirement for most businesses to maintain an appropriate book of accounts to ensure that all applicable taxes are paid and tax filings are made on time. However, most small businesses do not have complete accounting departments or even a dedicated accountant and require external Accounting Services.
Here, Tax Vyapar will help you maintain accurate and updated books of account through a team of qualified and semi-qualified staff working under the supervision of Chartered Accountants.
Ways to do it – Accounting with Tax Vyapar
Tax Vyapar gives total flexibility to its customers to choose not only the services they want from us but also the way in which the same should be delivered. Thus, based on your preference and business need, we can provide you accounting services by any of the following ways or even a combo of it:
Virtual Accounting
This service is in Super demand, especially during the current COVID -19 pandemic. It does not require any person to visit your office or home. All you have to do is send the soft copies of documents required and relax. You will get your updated books of account within the committed timeline.
Visiting Accountant
On account of restrictions on sending data/ files outside office or personal comfort, customers want their books of account to be prepared and updated in their own premises. We are up for it! Our accountants can visit your office on a regular basis and ensure that your accounts are up to date.
Want to know more? Drop your contact details here
Our Pricing
Visiting Fortnight
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Fortnightly Visit of Accountant to Client Office
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Monthly Tax compliances of GST, TDS & PT
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Supervisor review to ensure accuracy
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Monthly financial reporting / statements
Visiting
Weekly-
Weekly Visit of Accountant to Client Office
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Monthly Tax compliances of GST, TDS & PT
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Supervisor review to ensure accuracy
-
Monthly financial reporting / statements
Visiting
Bi-weekly-
Bi-weekly Visit of Accountant to Client Office
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Monthly Tax compliances of GST, TDS & PT
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Supervisor review to ensure accuracy
-
Monthly financial reporting / statements
Single
Visit-
One-time assignments
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Additional visit in any package
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Along with Virtual Accounting service
Note: The above packages have been designed based on our customer experiences and feedback. But we do provide every kind of customisation in the same.
Why should you maintain Books of Account?
Income-tax purposes
Income Tax department requires every businessman and professional earning profit of more than Rs.1.20 lakh or having turnover / gross receipts of more than Rs.10 lakhs to maintain books of account. In case of persons having higher turnover/ profit, they also requires the accounts to be audited.
Statutory Requirement
Companies Act requires every company to compulsorily maintain books of account in accordance with the applicable Accounting Standards.
Control over Finances
Maintaining books of account and preparing financial statements is must to have control over one’s finance and keep a track of financial progress.
Loan Application
For obtaining a term loan or working capital from bank for business purpose, it is necessary to furnish books of account / financial statements to the banker. At time, it is required even for borrowing money to purchase house or vehicle.
Investor Funding
No investor would put money in a business without understanding its financial standing and for this purpose books of account and financial statements are the stepping stone.
Net worth Certificate
Net worth certificates are required to be given to various persons for different purposes. Example: for Visa application, Franchisee arrangement, etc. These certificates are prepared based on the information in financial statements.
Why choose us?
- TEAM
Training
Our Accounting team regularly undertakes internal training programmes which are conducted by the Chartered Accountants, so as to ensure service quality
Reliability
Our Team is trust worthy and reliable, so you can be assured that they never indulge into any kind of unethical practice such as leaking business secrets, etc.
Technical Expertise
Our team includes technical experts having specialised knowledge and experience and can be approached anytime to address challenging issues or queries
- PROCESS
Client Briefing
Our assignment starts with a briefing session wherein our team understands from client about client specific dynamics of the assignment and also explain the manner in which each aspect will be dealt with.
Supervision
Every accounting assignment / work executed by our staff is supervised by a Qualified Staff or Chartered Accountant. This follows the maker checker system.
Escalation
In case any technical or operational issue arises, we have a well defined mechanism in place for escalating the issue to senior level team member.
- TECHNOLOGY
Software
Our staff is trained to use multiple accounting software such as Tally, Quickbook, etc. based on client choice.
Communication
To ensure seamless communication, we use technology extensively through mediums such as emails, teleconferencing, Whatsapp, Zoom meeting, etc.
Data Security
We have robust security system in place to ensure our Databases containing client data are secure and virus free.
Deliverables
On monthly basis, we will provide you the following
- Balance Sheet
- Profit & Loss Account
- Stock Statement / Inventory Ledger
- Cash Book
Let's set Accounts ! with Tax Vyapar
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