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Accounting & Bookkeeping Service

we offer some of the most crucial bookkeeping & accounting services that will help in managing your business.

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Benefits of Accounting in a Business

Accurate Profit Calculation

Accounting helps businesses calculate profits accurately by tracking revenue, expenses, inventory, and costs, while also evaluating performance. Accurate profit calculation is crucial for understanding a business's financial health, making informed decisions, and sustaining long-term growth.

Predicting Sale and Expenses

With accounting, Monthly, quarterly and annual reports can be analysed easily and expenses can be tracked easily.

Record for filing Taxes (GST , Income tax, ROC)

Accounting let's you file Taxes easily by providing you the correct numbers. Also helps you avoid trouble in case of a sudden government intervention or audit. If you're applying for a loan, you need detailed financial records.

Legal Compliance

Businesses in India are required by law to maintain proper accounting records as per the Companies Act, 2013, and other relevant statutes. Compliance with accounting standards ensures transparency and accountability in financial reporting, which is essential for regulatory bodies, shareholders, and other stakeholders.

Better Transparency with Owners

Better transparency with owners by providing clear and comprehensive financial information. It helps prepare content such as financial statements, reports, and analyses that enable owners to understand the financial health and performance of their business

Make personal financial decisions

You've always wished to buy that big house or that new car and it looks like your Business is finally doing well. But, Are you really ready to buy your desires? Do you have enough money to pay for it? Answers to all these questions can be obtained easily if one maintains a good accounting system.

Our Service in Accounting and Bookkeeping

Transactional Activities

-Transactions/Data Entry of Expenses
-Invoices Sale and Purchase
-Bank transactions,
-Payroll transactions, and many more.
-All finalization-related work. -Tax planning and other reconciliation work. -Maintain inventory in accounting software.

Reconciliation Reporting

- Bank Accounts
- Creditor Ledger
- Debtor Ledger
- GST Reconciliation
- TDS Reconciliation
- Assets Reconciliation
- Payroll, and many more.

Reporting for Specific Decision

tailored approach is essential to verify specific transactions, such as sales, purchases, and individual creditor or debtor ledgers.
- Cross-referencing sales invoices with supporting documents.
-Validating purchase invoices against orders and receipts. - Analyzing creditor and debtor ledgers for outstanding balances and discrepancies. - Customized verification ensures accuracy, mitigates errors, and maintains financial integrity.

Financial Statements

Balance Sheet, Income Statement, Profit and Loss Preparation, and many more.

Ledger Review

Sales, Purchase and General ledger, Creditor, Debtor, statutory dues( GST, TDS, TCS, Income tax) and many more.

Others

Manual Journal Entry Services, GST returns, Inventory Reconciliation services, Storage of documents at our offices, and many more.

Have Any Questions in accounting Services?

FAQ's

An accounting service provides financial record-keeping, analysis, and reporting services for businesses and individuals. They handle tasks such as bookkeeping, tax preparation, financial statement preparation, and financial consulting to ensure accurate and compliant financial management.

Accounting Service Purely Depend on the Volume of Transaction and Complexity of Transaction.

The cost of accounting services is influenced by the volume of transactions your business generates. Higher transaction volumes typically require more time and resources for processing, reconciliation, and reporting. Consequently, businesses with larger transaction volumes may incur higher accounting fees to ensure accuracy and compliance.

Yes, the complexity of transactions directly influences the cost of accounting services. Complex transactions, such as mergers, acquisitions, international dealings, and intricate financial instruments, demand specialized expertise and additional time for accurate recording and reporting. Accordingly, businesses with complex transactional needs may expect slightly higher accounting fees to accommodate the specialized services and expertise required.

To effectively manage your financial affairs, an accounting service typically requires documents such as bank statements, receipts, invoices, payroll records, tax forms, and any other relevant financial records. It’s essential to provide complete and organized information to ensure accurate accounting.

The decision to outsource accounting services or hire an in-house accountant depends on the specific needs and resources of your business. Outsourcing can be cost-effective, as you don’t have to worry about employee benefits or training costs. It also provides access to a team of experienced professionals. However, having an in-house accountant offers more direct control and may be necessary for businesses with complex accounting requirements or sensitive financial information.

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Why to Choose C M Patel and company For Outsourcing Bookkeeping Services In Vadodara ?

Outsourcing bookkeeping services from reliable and trusted providers deliver intuitive benefits to the business. C M Patel and company offers the following advantages if you opt for outsource bookkeeping services and small business accounting services in Vadodara.

  • Scale Quickly, Confidently.
  • Save Time and Money, Efficiently.
  • Ensure Business Continuity, Promised.
  • Pay For What You Need, Cost-Friendly.
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