Accounting & Bookkeeping Services in Delhi

Are you seeking reliable and professional accounting and bookkeeping services for your business? Look no further! At KNAP ADVISORY, we understand the critical role that accurate financial management plays in the success of any business. Our dedicated team of experienced accountants is here to provide tailored solutions to meet your unique needs.

Contact KNAP Advisory at +91-93119-72982 to know more about Online Accounting Services in Delhi.

This Online accounting and bookkeeping service is meant to help you with all of your financial needs all year long. Don't forget that a well-thought-out financial plan can help your business grow. These custom accounting services will help you get your money in order.

Packages Starting from ₹ 2,000 monthly only.

 

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Professional Accounting and Bookkeeping Services | KNAP Advisory

An Overview - Online Accounting and Book keeping Services

Every business, regardless of size, is responsible for providing the Income Tax Department, MCA, GST, and other authorities with accounting records. It is always a good idea to keep track of your funds and disclose information to government organisations to prevent troubles such as raids and penalties.

 To prevent penalties/fines emerging from investigations/raids, etc., it is crucial to keep track of all financial documents. The financial transactions of the company or firms must be recorded in accordance with the terms of the Companies Act, 2013, the Income Tax Act, 1961, the Goods and Services Tax Act, 2017, or any other applicable legislation.

 Accounting and bookkeeping serves as the company's financial scorecard in front of investors, creditors, borrowers, and banks. A company's financial health is established by its financial records, therefore efficient accounting may properly convey the company's financial status.

Benefits

Benefits of Accounting & Book keeping

Budgeting

It allows businesses to successfully manage their income and expenses, as well as monitor their management goals and objectives.

Performance Evaluation

Accounting and bookkeeping of enterprises contribute to the determination of net profit and growth. Proper documentation of business transactions and accounting of day-to-day operations will enable business owners to determine the company's true financial standing.

Cash flow Management

Keeping track of the money the firm receives on a regular basis aids in pattern projection, payment of workers and suppliers, repayment of debts, etc.

Analytical Study

Accounting and bookkeeping enable owners to analyse past data and make decisions for the growth of the entity/business accordingly.

Accounting and Book keeping - A Statutory Requirement

  • Companies and other businesses are required to establish and preserve their accounting records in accordance with the terms of the applicable statutes and regulations listed below.
  •  Section 44AA of the Income Tax Act , 1961 specifies required accounting records and accompanying documentation.
  •  Section 128 of the Companies Act, 2013 stipulates that a company must keep books of accounts, etc
  • Section 129 of the Companies Act, 2013: Financial statements must be prepared by the company.
  • Section 148 of the Companies Act, 2013 stipulates that a company must maintain cost records.  

How does KNAP Advisory help in Accounting?

Through our virtual CFO service, KNAP Advisory's qualified specialists provide assistance in all areas of financial services, such as:

Consultancy

Professionals and Chartered Accountants (CA) on our panel will provide the solid accounting and bookkeeping system that is essential for business expansion.

Accounting And Book keeping:- Keeping regular records of all financial information and transactions is referred to as bookkeeping. It covers loan and supplier payments, tracking of invoices and asset depreciation, as well as the preparation of financial reports.

Preparation of monthly and annual reports of financial accounts accurately:- The primary concern of investors and creditors/lenders is the company's financial health. The financial records serve as a basis for an investor's evaluation of the performance and assurance of return on investment. The financial statement contains statements of cash flow, a balance sheet, a profit and loss account, and notes to the financial statements.

Advisory on basic taxation :- With the assistance of our taxation specialists, KNAP Advisory offers the most effective tax-saving options for your company. We keep our clients informed of changes to India's tax regime in a timely manner.

HELP & FAQs

What is book keeping?

Keeping regular records of all financial information and transactions is referred to as bookkeeping. It covers loan and supplier payments, tracking of invoices and asset depreciation, as well as the preparation of financial reports.

What is the difference between book keeping and accounting?

Accounting is the recording of monetary transactions. Bookkeeping is a component of the accounting procedure

Why is accounting important for the businesses?

It is necessary to save all financial documents in order to prevent inspections and penalties. All financial documents should be provided to the Income Tax Department in order to protect your business from legal troubles.

What are the benefits of Accounting for startups?

• Budgeting
• Performance Evalution
• Cash flow management
• Analytical study
• To avoid legal issues

What are the basics of accounting?

All day-to-day company transactions must be recorded and accounted for systematically in accordance with the appropriate accounting standards, allowing for the generation of financial reports that assist business owners in formulating business plans.

What is the work of an accountant?

Accountants are primarily responsible for analysing and preparing the company's financial records. Accountants will be responsible for the daily documentation of business transactions such as sales, purchases, payments received or made, provisioning, etc.

How does accounting help to attract the investors?

The primary concern of investors and creditors is the company's financial stability. Using financial data, an investor may evaluate the profitability and security of an investment.

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Legal Info

KNAP Advisory : We Care | We Deliver | We Honor

We have been especially crucial in ensuring startups are compliant with India's complex legal structure. We accept responsibility and obligation on behalf of the business owners and co-founders for adhering to all legal requirements. We strive to deliver a wide range of quick, effective, and compliance-focused services to any company or individual with a startup mentality. We are abide by our motto:- We Care, We Deliver, We Honor.