Bookkeeping requires knowledge of debits and credits and a basic understanding of financial accounting, which includes the balance sheet and income statement. The part of recording the financial transaction of the business is called bookkeeping, whereas accounting is the preparation of financial accounts. Accounting for Small business is mandatory unless it is a Sole proprietorship with certain exceptions. Apart from compulsion, it is better to keep accounts updated with accuracy to avoid financial muddles. Expertise knowledge of accounting is essential even in the case of accounting for small businesses, to ensure the books are maintained as per the accounting standards. Maintenance of accounts is as an essential requirement for a home run business as it is to an industrialist.
- Accounting Services – Basic (up to 200 Transactions/year)
- Accounting Services – Standard (up to 400 Transactions/year)
- Accounting Services – Premium (up to 600 Transactions/year)
- Accounting & Compliance Package – Basic
- Accounting & Compliance Package – Standard
- Accounting & Compliance Package – Premium
Accounting Services
Our affordable and professional accounting service packages
Accounting & Compliance Services
Our affordable and professional accounting service packages
Frequently asked questions
We now have an FAQ list that we hope will help you answer some of the more common ones.
1. What do you mean by Bookkeeping?
Bookkeeping is the recording of financial transactions and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation.
2. Documents needed for bookkeeping.
- Bank statement
- Cash Transaction details
- Copy of invoices
- Copy of bills
- Loan details
3. What is the importance of Bookkeeping?
Bookkeeping is the process of keeping completed records of financial transactions and updating them periodically from time to time. Bookkeeping keeps records of aspects such as
- how much money your business owes
- how much money your business shall receive
- what is the investment amount
- profit derived from it and such similar aspects.
4. Why should you outsource bookkeeping?
Many entrepreneurs do not have much idea of bookkeeping and do not get time to maintain bookkeeping. It will help you to focus on your core business and bookkeeping and compliance part will be taken care of us.
5. Why do you need an accountant?
It is unlikely for you to have your balance sheet tally at the end of the year if you do not have an accountant because there would be miss-categorization of assets, liabilities and expenses. A professional accountant will maintain a proper record of Incomes and Expenses, calculate right taxes, categorise expenses properly and provide you with monthly reports to keep you updated about your finances and help you make smart money and tax saving decisions.
6. How do we work if you opt for Etaxsoluion.in bookkeeping service?
Our team will guide you that what you need to maintain at your business and you can share those documents to us to maintain bookkeeping and proceed for tax compliance. We provide bookkeeping in Tally, Zoho, Quick books, profitbooks
What our customers are saying about us?
Roji Abraham
Director, Moms Heart
Manu M
COO, Panlab ICT
Ginoy Chakko
Director, Keind Marine
Vishnu
CEO, Cinema Clubby
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Karnataka
D716, Felicita
Mylasandra cross Road
Yelanahalli, Akshyanagar
Bengaluru, Karnataka 560114
Kerala
Room no. 5/66 A7
Denzon’s building
Marottichuvadu, Thrikkakkara
Kochi 682024
