Book Keeping / Accounting Services

Bookkeeping services are necessary for all businesses to ensure accurate operational / financial information. Such information is required by Management, Regulators, and Investors. Also, it is a legal requirement for some type of businesses to maintain an appropriate book of accounts to ensure that all relevant Govt. taxes are paid in time and tax filings are done correctly.

Bookkeeping is the process of recording financial transactions of a business in an accounting system and the creation of reports. However, many small businesses do not have complete accounting departments and require external bookkeeping services.

SimpliTax can provide your business with bookkeeping services through a network of Business Experts and Chartered Accountants across India.

Accountants may handle more advanced tasks like tax preparation, budget analysis, and investment development. Both Accountants and bookkeepers frequently use advanced financial software to record and track their information.


Advantages Of Bookkeeping

  • Cost-Effective
  • Time Effective
  • Higher Profits
  • Reduced Tax Liabilities
  • Peace of Mind
What Is Included In Our Package

All voucher entries of Cash, Bank, Journal, etc

Accounts payable estimations

Accounts receivable estimations

Accounts reconciliation

Monthly analysis

Simple & Transparent Pricing

Book Keeping / Accounting Packages

starts from

Rs.4,000/- per month
all inclusive fees

Procedure For Bookkeeping Services

Send us your vouchers and Bank Statements
Send us the scanned copies of your Vouchers/ Original Vouchers in a numbered Form.
Also send us your cheque Book counterfoils.

Our Accountants would then start work on your assignment and wherever necessary shall ask you for clarifications.

After necessary clarifications, our Team of Accountants shall prepare your Books of Accounts on Monthly / quarterly / Annual Basis.


What Is Book-keeping?

Bookkeeping is a systematic record of financial transactions in the appropriate books of records. What it means is, whether you make a sale or purchase something, a record will be maintained of the transaction. This record will allow you to easily keep a track of all your transactions and will help you analyse how you can cut costs and reduce taxes. Bookkeeping is a function of the accounts department of a business. However, many small businesses do not have fully staffed and efficient accounting departments and require the help of external bookkeeping services.

SimpliTax can help your business maintain its books through its network of CA/CSs and tax experts.


Why Should You Maintain Books Of Accounts?

It is a Statutory Requirement for all businesses except for Sole Proprietorship.
Helps you review your performance and take steps to improve.
Maintaining books of accounts helps you when you need funding from investors.

Frequently Asked Questions

You should hire a bookkeeper as soon as you begin your business. This way you’ll avoid 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 and perform the specific task, but you approve all receipts for payment and sign all checks.

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.

SimpliTax provides bookkeeping services across India in all cities. We have provided bookkeeping services in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities.

SimpliTax.com is one of the best online service portals to help factories and establishments to receive bookkeeping services in India. We have almost 20 years of experience in application of bookkeeping services.

A bookkeeper puts together a complete database of your business’ income and expenses for your financial year. On the other hand, an accountant takes the bookkeeping data and creates the necessary books of accounts for tax compliance. The danger here is that the work of the bookkeeper has a direct affect on the work of the accountant. If the books of accounts are wrong, then the accounting reports will also be wrong. Hence, the importance of using a first-rate bookkeeping service is key to the success of your business.

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 off with a bookkeeping service that will accept your receipts every two months and keep you profitable.

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 and Cash Flow Statements.

Companies and LLPs are required to maintain books of accounts as mandated by their governing statutes, namely Companies Act, 2013 and Limited Liability Partnership Act, 2008. Further, Income Tax Act, 1961 also obligates the maintenance of the books of accounts, irrespective of the form of business, and has separate provisions related to it. Thus, there may be a situation where a Private Limited Company is required to comply with such legal provisions as well.

Maintaining or not maintaining books by handing over the job to a professional firm does not determine whether you need to undergo audit or not. Furthermore, there are several different types of audits such as, internal audit, cost audit, tax audit and statutory audit. Each audit has its own statutory requirements, thresholds of being conducted with relevant deadlines and due dates.

No, you don’t have that option since you are legally required to maintain books of accounts irrespective of profits or losses. Not earning revenue cannot be an excuse for non-maintenance of books of accounts. In fact, as long as you are entering into financial transactions, you need to record the same. Another reason for maintaining books of accounts in the years of losses is that you can file income tax returns for the same and claim the benefit of setting off losses in the future years of profit.

Yes, you have an option of manually recording your transaction. It is not at all obligatory to do it through any specific software. But it’s always advisable to maintain accounts on a specific software to eliminate any errors or miscalculations.


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