Accounting & Book Keeping Services all over India to efficiently manage your day to day records, analysis of your transactions, recommendation to manage the profitability and tax, balance sheet and tax filing.
Most of the small and medium enterprises fail to manage the health of their businesses due to poor resources in managing bookkeeping activities. Bookkeeping is not simply recording what comes in and what goes out, it is a systematic approach to maintain accuracy in recording your transactions, analyze the data and interpret the same which makes sure the health of business remains fit in the long run.
Inefficient bookkeeping departments could lead to legal implications that not only affect the company’s numbers but gives stress and harm the reputation of the company. As business owners, your job is not to chase accountants and face compliance mistakes at certain points of time but focus on your core area like how to increase sales. As a smart business owner, one should outsource accounting and bookkeeping to professionals.
CAonWEB being a complete accounting solution provider knows the importance of bookkeeping therefore is actively involved in providing efficient bookkeeping services to businesses from any industry across India. Our procedure, valuable trained resources, experience to streamline any accounts department, cost-effectiveness, timely delivery, help to management in the decision-making process makes us a leading service provider in India for Accounting & book Keeping Outsourcing for small and medium scale enterprises.
Bookkeeping is a formal method of recording all the financial transactions of a business during the complete financial year. Bookkeeping includes all the transaction such as Sales, Purchase, Payments & receipts, expenses during the financial year. Bookkeeping is generally done by a professional bookkeeping services provider.
There are different laws under which bookkeeping has a statutory backing to its rules and regulations:
Section 128 of the companies act, 2013 specifically mentions the books of accounts for a period of 8 years immediately preceding the current year.
Section 25 companies which are solely formed as “Non-profit companies” are required to keep books of accounts for a period of not less than 4 years.
Some other books which need to be maintained as per companies act, 2013 are; register of directors/members, register of employees stock options and other securities bought back.
If the sale/turnover from the business or profession exceeds INR 25, 00,000 or the income from business/profession exceeds INR 2, 50,000 in any of the 3 preceding financial years, then it becomes mandatory on the part of the assessee to maintain books of accounts.
Section 6F specifies the list of various books which needs to be maintained as per the Income tax act, 1961 viz. Cashbook, general ledger, copy of bills & receipts.
The books should be maintained for a period of 6 years from the relevant preceding year.
There are 4 types of bookkeeping systems in place viz.
CAonWEB is one of the professional bookkeeping services provider in India with one of the finest & experienced professionals on board. Choosing CAonWEB will give you an edge over others in the market because we ensure:
We ensure the complete secrecy of data of our clients, since we understand the sensitivity of data. “Bookkeeping is not about business, it’s about trust”
Yes, it is completely safe to find an online bookkeeping service provider and get your books of accounts safely handled by them.
Yes, Bookkeeping and accounting are two different sides of a coin but one is incomplete without the other. Bookkeeping is related to identifying, recording & maintaining financial transaction whereas accounting deals with the process of summarizing & interpreting the transactions in the ledger format as specified.
The process of online bookkeeping services are very easy, that you just need to find a suitable bookkeeping method to prepare and preserve your books of accounts.
Yes, it is completely safe to find an online bookkeeping service provider and get your books of accounts safely handled by them.
There are various reasons which justifies that online bookkeeping services outsourcing is a better option than having your own accounts department:
Yes, online outsourcing of bookkeeping is possible and it is easy, effective and convenient for all the parties associated to outsource their bookkeeping.