Accounting & BookKeeping Services in India
Some people think that bookkeeping is the same as accounting. GetmyCA provides bookkeeping services in India and clear your all doubts regarding accounting & bookkeeping services. In general, people assume that keeping a company's books and preparing its financial statements and tax reports are all part of bookkeeping. Accountants do not share their view. Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. Bookkeeping is the work of a bookkeeper, who records the day-to-day financial transactions of a business. They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.
The bookkeeper brings the books to the trial balance stage: an accountant may prepare the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.
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. However, many small businesses do not have complete accounting departments and require external bookkeeping services. GETMYCA provides you bookkeeping services in India for your business.
Here at GetmyCA combines a team of experts, systematized processes and procedures, and the very latest in accounting technology to ensure our clients receive the very best services to support their unique business needs.