Munshi Giri

Facebook Twitter Youtube Linkedin

Accounting and Book-keeping

Recording the day-to-day financial affairs of a business is a part of Bookkeeping. The preparation of financial accounts is known as Accounting. Accounting is mandatory for all forms of businesses including Small Enterprises and Freelancers. Apart from the compulsion, it is always better to keep the financial statements up to date and accurate to avoid financial muddles. Maintenance of accounts is as essential for a home-run business as it is for an industrialist. There are mandatory standards of accounting a business needs to follow. To conform to such criteria, it becomes essential to take help from experts.

Choose us

Why Should You Choose Munshi G & Co. for Accounting & Bookkeeping?

  • Expert Team of Qualified CA, CS, and Lawyers
  • Dedicated Relationship Manager and On-call Support
  • The entire process is Managed Online
  • Quick Turnaround and Economical Pricing
  • Thousands of Happy Customers Across All States of India
  • Empowered with Secured Technology
  • Avail exclusive partner offers on web hosting, payment gateways, etc.
DOCUMENTS CHECKLIST

Documents Required for Accounting and Bookkeeping

01

CoI

Company / Business Incorporation Documents

02

Bank Statement

Bank statement of a financial year or monthly statement (with remarks)

03

Invoices

Purchase-Sales invoices, if any

04

Bills

Expense bills, if any

05

Receivable / Payable

Any receivable and payable detail

06

Govt. Registration

Any other Government Registration Taken

07

Cash Expenses

Cash Expenses Details

08

Preliminary Expenses

Expenses made for company or LLP registration by promoters

09

Bank Statement

Bank Statement of partner/ members with remarks if used for business transactions

Benefits

Benefits of Accounting & Bookkeeping

To Gauge the Income and Exp. of Business

To ensure smoothness and transparency, every individual, firm, or corporation must know about the income generated and expenditure incurred. This helps them to plan and strategize their financial resources and exploit them accordingly.

Timely Access to Operational Information

Up to date records provide access to operational information at any time to management. Since business owners or managers are not directly associated with all transactions, accounting and bookkeeping will help them to keep an eye on all the activities from time to time.

Regular Reconciliation Rationalizes Decisions

Monthly or quarterly reconciliation of data helps the management to analyze the beneficial or detrimental aspects of a business. Accounting services come with the additional benefit of periodical reconciliation of data. Hence, future decisions can be rationalized after analyzing the profit and loss.

Attract Investors with Accurate Financial Statements

Investing in any business is followed only after a complete analysis of its financial condition. While approaching investors, you need to make sure that your books of accounts are up-to-date and accurate. Inconsistency in financial statements may refrain investors from jumping into your business.

Ready to Furnish Data for Timely Compliance

Accounting makes it easy to extract data and submit it on time for regular return filing, compliances, and scrutiny of any business.