Book Keeping and Accounting Services

 Book Keeping / Accounting services are necessary for all businesses to ensure timely and accurate operational / financial information is given to the Management, Regulators and Investors. Also, it is a lawful requirement for any business to maintain appropriate book of accounts to ensure that all relevant taxes are paid and tax filings are made on time. Bookkeeping or Accounting is an important function in any business.

Bookkeeping / Accounting is the process of recording financial transactions of a business in an accounting system and the creation of reports consolidating the accounting data entered into the system. Transactions include purchases, sales, receipts, and payments by an individual person or an organization. Bookkeeping is a component of the accounting department in a business. However, many small businesses do not have complete accounting departments and require external bookkeeping services.

AuditNeeds can help your business maintain its books through a network of Business Experts and Chartered Accountants across India. Accountants and bookkeepers are basically responsible for keeping track of where money goes within an association. Bookkeepers keep detailed records of things like income and payments, expenses, taxes and other financial data. 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.