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Bookkeeping and Accounting Services

Book-keeping and accounting are different from each other. Bookkeeping is an important part of accounting. Accounting is broader than book-keeping. Accounting includes a design of accounting systems which book-keepers use for the preparation of financial statements, audits, cost studies, income-tax statements, etc.

It also facilitates the interpretation of accounting information for both internal and external users for business decisions making. It requires skills and experience of an accountant.

There is a difference between the two terms bookkeeping and accounting, let us understand what is bookkeeping and accounting, their processes and difference between the two.

While doing Bookkeeping, we need to follow the basic accounting concepts and accounting conventions.

Bookkeeping is clerical in nature. Book-keeping is usually done by junior employees of the entity. Most of the entities nowadays use computers for bookkeeping rather than recording them manually. Accounting of an entity depends on its book-keeping system.

Book-keeping is the basis for accounting. It is because it is responsible for the proper recording of financial transactions. Whereas, Accounting involves classification, summarizing and reporting of financial transactions. It involves the preparation of source documents for all the financial transactions of the entity.

Advantages of Bookkeeping and Accounting Services:



1. Detailed Recording

A thorough, dedicated bookkeeper will always keep detailed records up to date. This complete recording will not only assist you in supervising your business accounts, but will also be of great assistance once you need your financial statements — or once your company is audited — as this process will be much faster and much cheaper.

2. Always Compliant with the Law

A good bookkeeper will always comply with the latest legal regulations and will make sure all your accounts and books are up to date with any recent legal changes. Because the bookkeeper holds himself or herself accountable for any work that they do, you can rely on them to clear any mistakes. This saves time and effort for the bookkeeper, which in turn saves money for the company.

3. It Is Easier to Plan

Once you have a detailed recording and a better overview of the company's accounts, it is much easier to plan and predict the future. When you are confident in your data, you can solve issues quickly and you can grab any opportunities that present themselves, without having to fear miscalculations in the accessible data. Thanks to the overview of profit and loss evolutions in the balance sheet, you will be able to know exactly what to do and how much time you have to do it.

4. Instant Reporting

Even though you will need to wait for the accountant or the auditor to finish their reports to conclude official financial statements, you will always have an updated balance sheet to inquire about the current state of the accounts. You will be able to present these data to any interested party, providing additional confidence both in your work as a manager and in the company's health as a whole.

Call Us at : 8422985681 / 9833628008


The procedure for handling business bookkeeping and accounting


Email us documents and scans photos.

Team of experts receive your data and record it proper manner.

View financial reports anytime anywhere.

Our Bookkeeping and Accounting Services are as follows



Industry Specific Bookkeeping and Accounting Services


FAQ’s About Bookkeeping and Accounting Services

  • What are the role of bookkeepers and accountants?

    Bookkeepers record financial transactions in a proper manner, whereas accountants are responsible for analyzing, interpreting, classifying reporting and summarizing financial data.
  • What outsourcing bookkeepers do for my business?

    An outer bookkeeper gives an outside point of view on your business. They are not associated with the everyday tasks, nor are they engaged with a typical propensity, "well we've constantly done it along these lines". Hiring externally can bring new bits of knowledge without historical ties and an unmistakable viewpoint on your accounting forms.
  • How much time outsourcing bookkeepers and accountants give to my business?

    The hired accountant can work remotely or as a part of an incorporated group. They work according to what works for you - regardless of whether it's at one time seven days, when a month, a couple of hours a week or month, and so forth. The recurrence relies upon your need.

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WHY CHOOSE KSHITIJ CONSULTANCY ?

Well with highly qualified professionals in our team along with the technology gives edge over others, as a result highly rated professional services with full customer satisfaction is assured. We help to grow and manage your business letting you to concentrate on your business.

Testimonial's

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