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Accounting is one of the most important parts of a company without which the operations cannot be structured properly. Any kind of business entity is a startup or an existing one needs to have a channelized accounting system for consistent business growth. Accounting can be categorized into:
Financial Accounting – This accounting format deals with the summary, analysis, preparation of financial statements and reporting of financial transactions for a business.
Management Accounting - This type of accounting helps in financial and non-financial decision making information to the managers of a company.
Auditing - Audit is very important for an organization which scrutinizes the books, accounts, statutory records, documents and vouchers for presenting a fair and true picture of the financial scenario of the company.
Tax Accounting - Preparation of regular tax, sales tax and various other returns called tax accounting needs experts to execute it. This is a set of accounting principles that govern the taxes of a company which is enforced by the law and different from general accounting principles.
Cost Accounting - Good cash flow management can improve a company’s liquidity. Reduce costs and increase profitability. This is a procedure of allocating costs connected with a process, and then developing various courses of action to control the costs.
Statutory Compliances – Statutory Compliances are very much needed for a company in terms of employees. Our accounting team is well versed with the compliances that a company has to follow in terms of tax deductions, minimum wages to be fixed, ESI Fund and PF Deductions, Professional Taxes, Gratuity and other employee-related services.
Accounting refers to the process of keeping financial records pertaining to the business. It involves the process of recording, summarizing, analysing and reporting all the transactions. Accounting is one of the key functions of all businesses. This key function is handled by an accountant in a small firm, or by a finance department with dozens of employees at larger companies. The reports generated by various streams of accounting are useful for business decisions. These reports give detailed information about the financial status of the business
If you’re running a business and want to concentrate on how to grow, but not able to concentrate on all the functioning yourlegalexpert.in is the right choice.
For the profitable thriving of a company, it is best to outsource the accounting services. yourlegalexpert.in offers the best accounting services which is proven, cost-effective and quality-driven. Accounting is the bloodline for any business and the essence for decision making. At yourlegalexpert.in , we offer accounting services which are professionally delivered meeting every bit of the client requirement. Our expert tax consultants help in solving any issue related to tax compliances and payments which also includes the filing of returns.
We help you analyse your spending and rebalance your budget or debts for an optimal cash flow support to your business success. Our expert accountants will look into every bit of your company’s accounts to give you the best results.
We take care of Small business accounting services as well!
At yourlegalexpert.in, we provide top-notch services like bookkeeping services, professional accounting, tax accounting, payroll services, cash transaction services and statutory compliances.
Outsourced accounting services have a lot of benefits and will also help in the growth of your business. Why Outsource Online Accounting helps you in growth of your business?
• Save Cost of Around 60%
• Manage Your Seasonal Needs
• Get Access to Skilled Expertise
• Better Efficiency & Productivity
• Better Operational Management & Control
• Part-Time & Full-Time Staffing flexibility
• Access to Certified Experts
• Focus on Your Core Areas
• Faster and Better Services
Startups are becoming very popular in India. In order to develop the Indian economy and attract talented entrepreneurs, the Government of India, has started and promoted the Startup India initiative to recognize and promote startups.
Under the Startup India initiative, eligible companies can get recognised as Startups by DPIIT, in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more.