Accounting Service

Brief Overview of Accounting Service

An Accountant is the backbone of any successful organization. He is the one who will provide all the financial reports to the management for their decision making purposes. Proper maintenance of records and their accounting is the key role of an Accountant. We at RIFTCS, possess more than 30+ years of work experience in the field of Accounting. We not only maintain your books of accounts but we also provide you with regular reports for your timely decision making. Maintaining Books of Accounts becomes mandatory for firms undergoing statutory or Internal Audit.

Since, most of the newly registered firms have very low volume of transactions in the beginning + New Firms can’t afford the cost hiring a full time accountant, this is where we come in to the picture. You simply need to share your Sales, Purchases, Expenses and Bank Statements through Email/Whatsapp and we will compile them into reports like Trial Balance, Profit & Loss A/c, Balance Sheet, Accounts Receivables & Payables and that too at a cost nearly 1/10th of the cost of a full time accountant. Don’t worry, we will only charge you, once you decide to avail any of our paid services. We don’t charge for Consultancy.

Proprietorship

A sole proprietorship is an unincorporated enterprise that is owned and controlled by an individual Person

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Partnership

When two or more persons enter in to a formal legal agreement to run a business/profession then such entity is called a Partnership Firm.

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One Person Company

One Person Company (OPC) is a company incorporated by a single person. Before the enforcement of the Companies Act, 2013, a single person could not establish a company

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Limited Liability Partnership

A LLP is a partnership in which some or all partners have limited liabilities.

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Private Limited

Private Limited Company is one of the most popular forms of entity legally formed in India.

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