Accounting Services in India
This process includes the following:
- Recording
- Summarizing
- Analysing
- Reporting of all the transactions and relevant financial elements belonging to the business.
So we can say that accounting is a key function and it will be taken care of by an accountant, if the entity is a small one and the transactions are limited within the same. But in case of an organization which is big and having a large number of accounting transactions, there will be a single department with many employees hired and placed for taking care of such financial and accounting transactions.
The reports which are provided by the accounting department hold the relevant details regarding the financial status of the business and can be made use of in various circumstances, which might be external or internal to the entity.
- Regulates and monitors the trading business in a particular place or locality
- To ensure that there is no harm to the general public health due to the improper way of carrying on the business.
- It ensures that the business operations are applicable to the rules, regulations, and standards set.
- It regulates the trading business by setting restrictions on certain commercial operations.
- It regulates the trading business by setting restrictions on certain commercial operations.
- Supervising the responsibilities of the business owner in connection with the trading business
- The business owner who is owning the E trade license is assumed to be evidenced that there is no illegal activity or unethical or trade is carried on.
Services of Accounting Provided by sangeethatax
We make your Accounting Needs Simple
The accounting department is one of the important elements of a company’s organizational structure. Be it a small business, a large entity, a new business start-up, or an existing entity, it all would need an accounting or finance department that can be used to channel the accounting system, which will aid in consistent business growth and expansion. The services of accounting can be categorised into the following below given ones:
1. Financial Accounting
This service is majorly based on the summarisation, conducting of the analysis and preparation of the financial statements and reporting the transactions pertaining to the financial element of the entity.
2. Management Accounting
This sort of accounting aids financial and non-financial decision-making by providing information to a company's managers and allied personnel’s who are involved in the key decision making of the entity and its business.
3. Auditing
A Tax audit process is very significant for a company, and this majorly is because it examines the following namely:
- books
- accounts
- statutory records
- papers, and vouchers
And these documents and its examination is done in order to offer a fair and true picture of the firm's financial situation to every stakeholder who are interested in the same. This stakeholder majorly would include the shareholders and also the government and its allied departments. For details, you can click here.
4. Tax Accounting
Tax accounting, or the preparation of sales tax, or the GST, regular tax, and other returns, necessitates the use of specialists and experts with knowledge of the relevant Acts and their provisions. This is a set of accounting standards that govern a company's tax obligations. And they differ from general accounting principles and are enforced by law.
5. Cost Accounting
A company's liquidity can be improved by good cash flow management. Costs will be reduced, and profits will rise or increase. This is a technique for allocating process expenses and subsequently executing various cost-cutting techniques which is important for increasing the efficiency of the process and operations.
6. Payroll
Serviced which pertain to the payroll, like
- planning payroll,
- computing taxes or such other withholdings and deductions,
- the issuing of paychecks.
The team at sangeethatax can assist and help you withpayroll tax filing, calculating and recording deductions, and other employee perks without any difficulty and errors.
7. Statutory Compliances
In terms of employment, statutory compliances are really important in the prospect of an entity and its functioning. Our accounting team is well-versed in the tax deductions, ESI Fund,PF Deductions, minimum wage requirements compliance, Gratuity, Professional Taxes, and other such other labour and labour related services that a company must follow or adhere with as per the law that is in force in the country.
Virtual Accounting Services
With the expansion of your company, the scope and worth of your company are likely to expand as well as grow as a whole. Virtual accounting is one such accounting service that will assist firms in managing their accounting services or the financial whole more effectively with the assistance of qualified accountants who will work remotely making it convenient for you and the system as well. Virtual accounting is affordable or economical, adaptable, and efficient. For details on Virtual Accounting Services - Click Here.
Professional Accounting Services
A team of competent chartered accountants and company secretaries who are not just part of an accounting body of the country but also hold the expertise and knowledge will be required to implement, curate, and carry out accounting services effectively. We have a good, qualified, and knowledgeable expert board at sangeethatax who not only has experience with auditing, financial statement management, and cash statements but also the ability to serve you in a customized manner.
Tax Planning and Consulting
The primary goal of tax planning is to achieve maximum tax efficiency for a client. All financial activities will work in the most tax-effective way feasible with good tax planning making it not just an efficient one but also a more economic one.
Other Consulting Services
When it comes to accounting consulting services, nothing less than the best will suffice. Our team will assist you in better analysing and understanding of your financial data so that you can make more informed business decisions helping to strengthen the business and expand the same. We'll assist you in forecasting your company's financial status which will also help you create a pathway or roadmap for the next expansion process.
Why Us for Your Accounting Service?
Every business owner who wants to focus on how to build the company would want every functional element of the same put in place and order. Out of these functional elements, the financial element is one of the most important ones. With all the day-to-day operations and finances, it is not easy to keep hold of the growth processes, due to which one of the wisest decisions would be the outsourcing of your accounting services to the team of sangeethatax.
This will ensure and help the company turn its business into a lucrative one. sangeethatax with its corporate solution segment, provides the most reliable, cost-effective, and high-quality accounting services in Chennai and a pan India basis. With our wider set team, the accounting services are provided in Dubai also which is one of the business hubs among the middle-eastern countries.
Accounting is the lifeblood of any organization and the foundation for making decisions both financial and otherwise. At sangeethatax, we with the team not just provide you with accounting services but also ensure that it is customized to meet the specific customer needs and delivered in an economic manner without compromising the efficiency of the same.
Our skilled tax consultants can assist you with any issue relating to tax compliance, tax planning and the remittance of tax payments. Along with this we can also assist you with the analysing of the budget by rebalancing or re-stating the standard, actual and the deviation caused in the same. Our experts will also help you analyse the debts to ensure that the entity has the best possible cash flow, which is not just positive but enough to embark on the growth of the company.
Why Choose sangeethatax for your Accounting Services in India?
sangeethatax is known as the best Accounting Service Provider in India having 15+ years of Accounting Services experience. sangeethatax.com is rated 4.8/5 by 853 Customers in Google Local Business, which shows how well we have been serving our customers since its inception. Some of the highlights we hold as a brand in Accounting Services are:
- 100% Best Quality of Services
- 100% Affordable Prices
- 15 Years of Experience
- Dedicated Customer Support
- 24/7 Email Support
- Hassle-free Online Process
- Delivers on or before committed time
- 4.8/5 Happy Customers Rating
How We Use Technology for Catering Accounting Services
We know that India is a country that is moving fast towards technology and embracing it the same way as a developing country. With the adoption of technology in every step of its development, the country is now a mini-hub of technology.
Taking advantage of this, sangeethatax has set its platforms to provide accounting services using the cloud services. The cloud-based accounting services would help both parties access the accounting services and details sitting anywhere around the globe. We adopt some of the below-mentioned software’s for providing these cloud-based services:
- Quick Books
- NetSuite ERP
- ZohoBooks
- FreshBooks.
These tools are used to make accounting services and related processes more convenient, reliable and effective.
Thus, we are the best and most affordable one-stop destination for accounting services.
The outsourcing of accounting services becomes important as you can invest time and effort in focusing on the core business activities and functions, which will assist you in expanding your business. Accounting services can be a bigger and more complex task, due to which the simplification of the same becomes crucial. Finding the right candidates and hiring and training them are not easy tasks which can be done.
And when you have the online accounting services provider sangeethatax with its best expert team a click away, you can simply outsource and sit back while the work gets done.
sangeethatax have:
- Accounting Services for Small Business
- Accounting Services for Start-ups
- Accounting Services for Non-Profit Organizations
- Accounting Services for SMEs
- Accounting Services for Restaurants and much more.
You say the business, and we are ready to serve.
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