Our Locations
Mohali - Chandigarh
Phone Number
9815580037
Mohali - Chandigarh
9815580037
Let India’s Recommended Accountants Organize, Prepare and Analyze your Financial Transactions | Easy & Quick Cloud-based Bookkeeping Procedure
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Bookkeeping is a concept of the modern accounting process maintaining data of financial transactions that include sales, purchases, receipts, and payments. It is used to Record, Analyze, and Prepare financial transactions, statements on a daily basis of a business entity. It is a set of corresponding entries that abide by the rules of GAAP (Generally Accepted Accounting Principles).
The Bookkeeping process is essential for any Business Entity or Personnel registered under the Taxation and the Company Registrar of the Indian Govt.
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Bookkeeping is the concept of the modern accounting process. It is used to record, analyze and prepare the financial transactions, statements on a daily basis of a business entity.
Bookkeeping is essential for maintaining the transaction history on a daily basis to keep track on the Expenses or Income, Assets or liability. It is required for all the registered business entities to maintain the daily transaction records and documentation of the profit & loss status. Apart from that, tIt will be needed for the purpose of recording for Audit purposes.
In the bookkeeping process, the required documents are Bank Deposit Slips / Book, Invoices to clients & Bills from suppliers, Cash Expense Receipts, Credit Card Statements & Receipts, and a few more.
Bookkeeping and Accounting are two interrelated business compliance. Bookkeeping is the daily record maintenance of the transaction records, cash-flow statistics within or outside of an organization. Accounting begins where bookkeeping ends, in the process of managing bank statements, reconciliation of credit cards, or calculating payroll tax returns.
