Accounting 2018-01-31T10:58:05+00:00

Accounting Services

Accounting setup takes about 7 working days

  • Discussion with our Accountant
  • Submission of accounts, bank details
  • Analysis of details and query clarification
  • Entry in the accounting software
  • Providing the Analysis report
  • Get Ready to Make History…

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What Is Accounting/Book-keeping?

In layman language Accounting/Book-keeping is process where your revenue and expenses are maintained giving an idea about how your business is doing. Accounting or process of storing, sorting and recording financial transactions is a mandatory requirement and all businesses (including small proprietors) are required by law to submit their accounts to the Income Tax (IT) Department. Also, to raise any form of funds including debt and equity, the financial institutions definitely ask for accounts and audited balance sheets.

Keeping an accountant for small or even medium sized business is a costly exercise and at Unfolding Tax, we help you with your accounting and book-keeping through our expert team and proprietary software. Our Accounting and Book-keeping services starts from Rs. 1,000 per month.

How to get accounting done

Basic Documents required for Accounting

  • Business Details and Documents
  • Bank Accounts and Petty Cash Accounts
  • Knowledge about Business expense and revenue
  • Previous Balance Sheet if applicable

Advantages Of Accounting Services

Frequently Asked Questions

Start-ups with less than 1 million of Revenue or less than 200 transactions a month should maintain their accounts on their own in excel, keep tab on all the bills received and try to spend maximum through Bank Accounts. It is also mandatory to get the Audit done by year end from an Accounting Company. Also, they should speak to CA once every month to understand if there has been any changes in the regulation.
Companies with 1 million-5 million of Revenue or doing 200-1000 transactions a month should have an accountant company visit their office once a month, and do all the accounting inappropriate software. They have to do various tax registrations as well as deposit taxes. Such company should opt for accounting company which is in their city (like for someone in NCR, they should go for accounting company in Delhi or NCR).
Mid-Sized companies with 5 million-50 million of Revenue or doing 500-10,000 transactions a month should have an in house accountant (fresher or with less than 2 years of experience) and the accountant should be supervised by professional from accounting company. These companies should look/opt for accounting company wherein CA can give personalized service as the business is growing and regulations would matter for such companies.
Stable companies with over 50 million of Revenue or doing more than 10000 transactions a month should have at least a team of 2-3 people in accounts department (with a senior accountant heading the team) and a professional from accounting company having quarterly audit and directly reporting to the owner.
A small business, if it does regular accounting and book keeping, could have hosts of benefits such as all government compliances Like TDS Returns, GST Returns are complied with. Another advantage of regular accounting and Book-keeping services is that helps to manage Tax more efficiently by getting TDS deducted by clients accounted properly, Utilizing GST Credit optimally and Accounting for all the expenses properly (Petrol Bills to Mobile Bills to Restaurant Bills could be booked as expense).
Accounting and Bookkeeping services are mandated by law and includes 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.
Online Bookkeeping services or Accounting Consultants are needed when the business volumes have grown and Owners are spending more than 10 Hours a month to performing accounting services related work. Also, Accounting Services are needed if a company is looking to raise equity funds or debt funds to ensure accounting compliances are done.
No, it is not mandatory to have Accounting service provider for a Pvt Ltd Company Registration but it is always advisable to have best Accounting services provider to manage a Pvt Ltd Company Registration’s account.
For Private Limited Company Registration or Firm Registration or LLP Registration with Turnover of more than Rs 1 Crore, Online Accounting Services in India is mandatory. But Accounting Services for start-ups and new company registration is also recommended as it helps company registration while raising funds.
Best Accounting Company in Delhi can be chosen immediately after registration of company on following parameters. Accounting company experience, Experience of Accounting Services provider to work with new company registration, If they do Accounting TDS return filing, If Accounting company can do GST Registration Online.
Yes, Accounting and Bookkeeping services are different from Company Audit but without having Online Bookkeeping services are needed to prepare monthly Accounting statement which is then audited by independent Company Auditor.
Yes, Accounting and Bookkeeping services are totally possible to be done from remote location. All the information needed could be sent on mail with weekly or monthly reports.
A good bookkeeper can help you organize your accounting services quickly that will keep it on track toward success and profitability.