Online Accounting And Bookkeeping Services in India 3 Simple steps with Fastlegal
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Document collection
Filing of Application
FAQs
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- Accounting and bookkeeping services involve the systematic recording, organizing, and reporting of financial transactions for businesses. Bookkeeping focuses on maintaining accurate records of financial transactions, while accounting involves analyzing and interpreting the financial data to make informed business decisions.
Accounting and bookkeeping services are crucial for businesses to maintain financial transparency, monitor cash flow, comply with tax regulations, and make informed financial decisions. These services help businesses stay organized and make strategic choices to achieve their financial goals.
Accounting services may include financial statement preparation, general ledger maintenance, tax planning, budgeting, financial analysis, and assistance with regulatory compliance.
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- Bookkeeping services involve recording daily financial transactions, reconciling bank statements, managing accounts payable and receivable, and maintaining accurate financial records.
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- Outsourcing accounting and bookkeeping services allows businesses to focus on their core activities while ensuring that financial records are accurate and up-to-date. It also helps reduce costs, access specialized expertise, and ensure compliance with accounting standards and tax regulations.
Yes, accounting and bookkeeping services can assist with tax preparation by maintaining organized financial records, identifying tax deductions, and ensuring accurate tax calculations for filing tax returns.
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- Reputable accounting and bookkeeping service providers implement strict data security measures, such as encryption, secure servers, and access controls, to safeguard sensitive financial information.
Yes, accounting and bookkeeping services are available for businesses of all sizes, including small businesses and startups. Many service providers offer customized packages to suit the specific needs and budget of small businesses.
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- Look for service providers with certified accountants and bookkeepers who have relevant experience in your industry. Check for client reviews and testimonials to gauge their reputation and reliability.
Consider factors such as the service provider’s expertise, pricing, range of services offered, responsiveness, and customer reviews. Request quotes and compare offerings from different providers to make an informed decision.
Remember, the specific services offered by accounting and bookkeeping service providers may vary. Always consult with the service provider directly to understand the scope of their services and how they can cater to your business’s unique needs.
Online Accounting and Bookkeeping Services in India
- Bookkeeping of assets, sales, purchases, and expenses
- Get your balance sheet, audit, and director’s report prepared
- Filling of ITR
Services Covered
Typically, accounting and bookkeeping services offered by FastLegal may include:
- Bookkeeping and Accounting: Recording financial transactions, maintaining ledgers, and preparing financial statements.
- Financial Reporting: Generating comprehensive reports on the financial health and performance of the business.
- Tax Preparation and Filing: Assisting with tax compliance, preparing tax returns, and filing taxes accurately and on time.
- Payroll Services: Managing employee payroll, calculating salaries, and ensuring compliance with payroll taxes.
- Accounts Payable and Receivable: Managing vendor payments and customer invoicing to maintain cash flow.
- Bank Reconciliation: Ensuring that bank statements match the recorded transactions to identify discrepancies.
- Financial Analysis: Analyzing financial data to provide valuable insights for business decision-making.
- Budgeting and Forecasting: Assisting in creating budgets and financial projections to plan for the future.
- Compliance and Regulatory Support: Assisting with adherence to financial regulations and requirements.
- Data Security and Privacy: Implementing measures to safeguard financial data and maintain confidentiality.
Remember, the services offered by FastLegal or any other company may vary based on their specialization, expertise, and the needs of their clients. Always reach out to the company directly or check their official website for the most accurate and comprehensive information about their services.
Book keeping & Accounting
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Benefits
- Ease in filing taxes
- Catch error and frauds
- Track of cash flow
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Package Inclusions
- Advice on records to be kept
- Reports to management
- Preparation of financial statements
- Report for tax filings