| Bookkeeping services are necessary for all businesses to ensure accurate operational / financial information. Such information is required by Management, Regulators, and Investors. Also, it is a legal requirement for any business to maintain an appropriate book of accounts to ensure that all relevant taxes are paid and tax filings are made on time. |
| Bookkeeping is the process of recording financial transactions of a business in an accounting system and the creation of reports. However, many small businesses do not have complete accounting departments and require external bookkeeping services. |
| Accountants may handle more advanced tasks like tax preparation, budget analysis, and investment development. Both Accountants and bookkeepers frequently use advanced financial software to record and track their information. |
| Advantages |
| Cost-Effective |
| Time Effective |
| Higher Profits |
| Reduced Tax Liabilities |
| Peace of Mind |
| Why should you Maintain Books of Accounts? |
| it is a Statutory Requirement for all businesses except for Sole Proprietorship. |
| Helps you review your performance and take steps to improve. |
| Maintaining books of accounts helps you when you need funding from investors. |
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