Accounting Service refers to professional services that help businesses record, organize, manage, and report their financial transactions accurately.
- Bookkeeping:Recording daily sales, purchases, receipts, payments, and expenses.
- Financial Statements:Preparation of Profit & Loss Account, Balance Sheet, and other financial reports.
- Tax Support:Assistance with applicable GST, Income Tax, TDS, and other tax-related compliance.
- Bank Reconciliation:Matching business transactions with bank statements to identify differences or errors.
- Payroll Accounting:Managing salary records, deductions, and applicable statutory contributions.
- Business Analysis:Financial reports help business owners understand profitability, expenses, cash flow, and financial performance.
- Compliance:Proper accounting helps businesses maintain accurate records and meet applicable legal and regulatory requirements.