Easily manage your Bookkeeping

Simplifying your accounting process

Starting At

Rs. 6,499 Yearly onwards

SAVE 30% COST!!!

Accounting / Bookkeeping services

Bookkeeping Services

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. LegalRaasta can provide your business with bookkeeping services through a network of Business Experts and Chartered Accountants across India.

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 of Bookkeeping

Cost-Effective

Time Effective

Higher Profits

Reduced Tax Liabilities

Peace of Mind

What is included in our Package.

Accounts payable functions

Accounts receivable functions

Accounts reconciliation

Payroll

Monthly analysis

Procedure for Bookkeeping Services

Send us the copy of book

Send us the scanned copy of your accounting books and one of our experts shall get in touch with you.

START

Analysis of your books

Our experts shall then analyse your accounting books and make entries into books according to the same.

12 WORKING DAYS

Verification and Approval by you

As next procedure,the final tally entry shall be sent by our experts to you for verification and approval.

2 WORKING DAYS

Preparation of Balance sheet

Once approved by you , our experts shall then prepare the balance sheet and PNC statement of the same.

6-7 WORKING DAYS

Your work is completed.

Once the Balance sheet and PNC are prepared, the books of accounts are finalized and completed and sent to you.

CONGRATULATIONS

What is Bookkeeping?

Bookkeeping is a systematic record of financial transactions in the appropriate books of records. What it means is, whether you make a sale or purchase something, a record will be maintained of the transaction. This record will allow you to easily keep a track of all your transactions and will help you analyse how you can cut costs and reduce taxes. Bookkeeping is a function of the accounts department of a business. However, many small businesses do not have fully staffed and efficient accounting departments and require the help of external bookkeeping services. LegalRaasta can help your business maintain its books through its network of CA/CSs and tax experts.

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.

Frequently Asked Questions

1. What is the best time to hire a bookkeeper?

2. Will I lose control of my business by outsourcing my bookkeeping?

3 . When should I hire a bookkeeping service?

4. Do I need a bookkeeping service? I know how to use EXCEL and would prefer it.

5. In which cities does LegalRaasta provide Bookkeeping Services?

6. Why should I choose LegalRaasta for Bookkeeping Services?

7. What’s the difference between a bookkeeping service and an accountant?

8. Is it okay if I keep my receipts and show them to my Accountant at the end of the year?

9. I had a sole-proprietorship and incorporated a Private Limited Company mid-way through the year. How does this affect my bookkeeping?

10. What all the things need to be maintained in the books of accounts?

11. Is there a legal requirement to maintain books of accounts?

12. If I’m recording all my financial transactions (incomes, expenses, purchase, sales, etc.) in an excel sheet and keeping records of bank accounts/pay slips/vouchers, am I accounting all my transactions?

13. If I maintain books of accounts with the help of a professional firm, is it mandatory for me to get my accounts audited? If yes, what is the frequency of audit?

14. Is there any difference between accounting and accounting standards?

15. Do I have the option of not maintaining any books of accounts if I’m incurring losses in the early phases of my business?

16. Can I have the option of recording my transactions manually or is it obligatory to record it through any specific software?

17. I am a salaried individual in an MNC and a director in a family owned business. Can I account for the transactions made by me in the capacity as an ‘employee’ and for being the director in a business’ in the same books of accounts?