Online Accounting & Book-keeping Service
- Completely hassle free accounting process.
- Dedicated Accountant for you.
1000+ customers in India grow their businesses with expertbells
Online Accounting & Book-keeping Service
One of the pre requisites for any business entity is proper maintenance of books of accounts. Accounting helps in establishing an adequate financial management and their proper reporting to authorities. All businesses are required to maintain their books of accounts every financial year.
Whether you a sale or purchase something, a record will be maintained of the respective 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 lower taxes.
However, many small businesses do not have fully staffed and adequate accounting departments and require the help of external bookkeeping services. So we can help your business maintain its books through our network of CA/CSs and tax experts.
Process of Online Accounting & Bookkeeping Services
Get Expert Advice
You can get expert advice on accounting services by sending us copy of books.
Recording of Transactions
Our experts will record transactions on monthly basis.
Preparation of Balance Sheet
After completion of year, our experts will prepare balance sheet.
Completion of work
Once the Balance Sheet is prepared, the books of accounts will be finalized & sent to you.
Advantages of Online Accounting & Bookkeeping
Cost effective
With the help of online accounting, it would be more cost efficient rather than spending a bulk of amount on an accountant.
Enhance Efficiency
It can save time and the time saved can be used in other productive activities which are directly related to the revenue earning potential of the organization.
Access to Financial Information
The business owners can access accounting data anytime, anywhere using PC, Laptop, Tablet or Mobile phone.
Improved Invoicing
: This is one of the basic tasks which every business has to do regardless of its size or industry. So with the help of online accounting you can make a professional business invoice.
Documents required for Accounting
- Purchase Documents
- Sales Documents
- Bank Statements
- Investment Documents
- Expense Documents
Services related to Accounting
- Recording of entries for the completed financial year
- Preparation of Ledger Accounts-Cash, Sales, Purchases, Expenses
- Preparation of Receipts and Expenses Statement/Profit and Loss Account
- Preparation of Balance Sheet
- Bank Reconciliation Statement
- Statement of balance of Account Receivables and Payables
- Stock Summary
Packages
Basic
What's included
- Monthly Accounting Services
- Computations for GST Filings
- Expert Consultancy
Basic
What's included
- Monthly Accounting Services
- Preparation of Computations for GST Filings
- Expert Consultancy
Basic
What's included
- Monthly Accounting Services
- Preparation of Computations for GST Filings
- Expert Consultancy
Frequently asked questions
Do I need a bookkeeping service?
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. So, whether you have one member or fifty members, the compliance, accountability and accuracy should be the same.
Will I have no control of my business by outsourcing bookkeeping?
Not at all. You shall still maintain total 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.
When should I hire a bookkeeping service?
You should hire a bookkeeping service as soon as you start your business. This way you can avoid mistakes from the beginning and thus reduce any forthcoming issues. Depending on your needs our bookkeepers can complete an entire year’s bookkeeping in as less time as expected.
What is the difference between a bookkeeping service and an accountant?
A bookkeeper puts together a complete database of your business’ income and expenses for your financial year. Whereas, an accountant takes the bookkeeping data and creates the necessary books of accounts for tax compliance. The risk which can come into picture is that the work of the bookkeeper has a direct effect 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.
I had a sole-proprietorship & incorporated a Private Limited Company in the middle of the year. How is bookkeeping going to be affected?
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. Also, each business requires its own separate business bank account as well as GST Registration.
What all is required to be maintained in the books of accounts?
Books of accounts consists 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.
Is there a legal requirement to maintain books of accounts?
Books of accounts including vouchers and receipts are required to be maintained under different statutory laws – Income Tax Act, Companies Act 2013 and GST Act. Books to be maintained, retention period and compulsion requirements are different under all the 3 laws.