Common accounting services include tax preparation and consultation, tracking expenses and revenues, and so much more. Accounting is about producing accurate financial records and maintaining efficient recordkeeping practices
What You Get:-
Book Keeping Services for One Complete Financial Year
(For Businesses having annual turnover upto Rs 12 Lakhs)
(For Businesses having annual turnover upto Rs 25 Lakhs)
(For Businesses having annual turnover upto Rs 50 Lakhs)
Financial Statements like Profit & Loss Account & Balance sheet
Debtors & Creditors Report
Stock Report (If Applicable)
Dedicated Accounting Manager will be provided all round the year.
GST & Income Tax Consultancy Support will be provided at no extra cost.
A.1 In any type of business whether its Trading/Manufacturing/Job work/ Professional or Other service providers, you need to maintain the records of Sales, Purchases, Expenses, Debtors Balances, Creditors/Vendors Outstanding balances in order to comply with statutory requirements and also to take decisions based on these accounting and financial reports. Book Keeping and Accounting is the main role of an accountant.
A.2 Accounting is an ongoing and regular process, Although we need to update accounting records atleast once a month in order to generate summary reports for GST, TDS etc. However you can also get your accounts updated on weekly or even daily basis. The Cost of Accounting increases with the frequency and No. of transactions.
A.3 No, Absolutely not. This is where we RIFTCS comes in to the picture. We will handle all your accounting work either through On Site mode or by assigning you a dedicated off site Accounting Manager provided your Sales is below 1 Crore Per Annum.
A.4 The cost of hiring a permanent & Full time accountant would be approx 20-25K per month. Our Charges are nearly 1/10th of the cost of hiring a full time accountant.