TaxRodo provides a comprehensive solution for all your accounting requirements to build an effective MIS and to manage your finances.
Monthly plan starts from
➦ Books of Accounts
➦ Annual Financial Statements
➦ Regulatory Compliances
➦ Customizable Plans
➦ Expert Assistance
Accounting means a process of sorting, storing and recording of financial transactions. All companies are legally required to report their accounts to the Department of Income Tax. Many start-ups tend to disregard this requirement early and struggle to compile their accounts if they raise funds. Properly maintained books of accounts also helps to reduce the regulatory compliance burden and provide developers and shareholders with a sense of how the company is doing and prove eligibility for loans in later years.
Bookkeeping services ensures accurate operational/financial information of the companies. Management, regulators and investors need this information. Furthermore, businesses have a legal obligation to maintain a proper accounting book so that all relevant taxes are paid and tax filings are filed on time.
Note Down The Documents Required For Maintaining Books of Accounts
- It will be shared with you at the time of discussion & after getting understanding about the nature of your business.
What We Do?
✓ Preparation of Books of Accounts
✓ Balance Sheet Finalization
✓ Regular updates on latest amendments
✓ Dedicated Accounts Manager
✓ Expert Assistance
Standard Plan 1
Maintenance of Books of Accounts for Manufacturer/Wholesaler/Service Provider having NIL Turnover.
Standard Plan 2
Maintenance of Books of Accounts for Manufacturer/Wholesaler having monthly turnover upto ₹1 Lakh.
Standard Plan 3
Maintenance of Books of Accounts for Manufacturer/Wholesaler having monthly turnover upto ₹5 Lakh.
Create your own customized plan as per your Financials and nature of your Business.
Features of Accounting
Proper accounting helps to meet the regulatory complainces.
Accounting helps to understand the flow of funds in the business and properly manage those.
FAQs of Accounting/Bookkeeping
Accounting is a process of storing, sorting and recording financial transactions. Financial Particulars are required to be submitted by all businesses at the time of filing their tax returns. Since one cannot go about sorting accounts and dealing with financial matters at the time of filing their returns, it is better to go with the bookkeeping from the beginning, and keep everything in order. Also, apart from the income tax perspective, keeping the books updated can give a good impression to the investors and shareholders. Similarly, the Companies Act, 2013 and the LLP Act, 2008 decrees that the books of accounts needs to be maintained for every company or a partnership business.
The law demands that the account books should include the daily financial transactions, and bills of the financial transactions made. The account books generally include ledgers, trial balance, original and copies of bills and so on. However, with the online accounting, things have become much streamlined and easier to maintain.
Startups often look for loopholes to save money, but accounts is not the area to do it in. After all, it’s what your investors will want to have a look at every now and then. Therefore, maintaining the books irregularly is not an option. You need to either buy expert software or outsource your account maintenance and bookkeeping to a professional channel, to ensure your accounting is maintained as per the guidelines provided.
Yes, one can submit computerized accounts. Now, it is easier to maintain records and all details of financial transactions on designated software or through computerized records, to eliminate any errors and miscalculations.
You should hire a bookkeeper as soon as you begin your business. This way you’ll avoid mistakes from the starting and reduce headache.
No way! You will still have 100% control of all decisions and all checks will still be signed by you. You choose what merchants get paid and when. We provide with the data and perform the specific task, but you approve all receipts for payment and sign all checks.