What is Bookkeeping in Accounting?

Bookkeeping in Accounting refers to the organization of financial records properly and balance finances accurately. Consult with PareekG for accounting and bookkeeping services today.

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ABOUT

Regular tracking of business transactions is very crucial. From an income of one rupee to an amount of thousand rupees, recording assures transparent business transactions by tallied account. The accounting and bookkeeping services can help in tracing every single transaction commenced in past from learned decisions of the future.

The section of recording the financial operations of the business is called bookkeeping, whereas accounting is the building of financial accounts. Accounting for Small business is necessary unless it is a Sole proprietorship with several exceptions. Apart from constraint, it is better to maintain accounts updated with precision to avoid financial muddles. Expertise knowledge of accounting is necessary even in the case of accounting for small businesses, to assure the books are maintained as per the accounting measures. Maintenance of accounts is a crucial requirement for a home-run business as it is to an industrialist. 

Benefits of Accounting and Bookkeeping

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To gauge the income and expenditure of the business

To ensure a smooth and transparent business, every individual, firm, or corporation is required to know about the income and expenditure incurred or generated. This helps them to plan and strategize their financial resources and exploit them accordingly. 

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Timely access to operational information

Up to date records provide access to operational information to the management. Although the business owner(s) or managers are not directly associated with all transactions, accounting and bookkeeping help them to keep an eye on all the transactions from time to time.

 
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Regular reconciliation rationalize decisions

Accounting comes with the reconciliation of data periodically. Monthly or quarterly reconciliation helps management to analyze the beneficial or detrimental aspects of the business. Hence, futuristic decisions can be rationalized with the analysis of loss and profit.

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Attract investors with accurate financial

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

 
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Ready to furnish data for timely compliance
Accounting makes it easy to extract data and submit it on time for regular return filing, compliance, or scrutiny for the businesses.

PROCESS FOLLOW

Accounting and Bookkeeping Process Flow

1-2 HOURS
Select Package

Start by selecting the appropriate one, fill out the required forms, or simply speak to our experts online for assistance.

2-3 WORKING DAYS
Obtain the details of the Business and transactions

We will obtain the details about your business and transactions.

3-4 WORKING DAYS
Entries in the Books of Accounts

We will do all the entries in the books and accounts and maintain them on a daily basis.

7-8 WORKING DAYS
Deliver up to date data

We will deliver you up to date data as per requirement.

DOCUMENTS REQUIRED

Pre-requisites

  • Copy of PAN Card of the business entity
  • Certificate of Incorporation
  • MoA & AoA/ LLP Agreement / Partnership Deed
  • Bank Statement of the current account in name of the business
  • Bank statement of saving account of partners is also required
  • Registration Certificates
  • Invoices and Bills
  • Preliminary expense
  • Details of Cash transactions

PRICING

Basic Package

Save upto-10% cost on this package

₹ 7,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
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Growth Package

Save upto-20% cost on this package

₹ 9,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service
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Premium

Save upto-30% cost on this package

₹ 16,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Trademark Registration
  • 1month free GST filing
  • NDA
  • Guideline for Startup India Registration.
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service
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FAQ's

Availing a reliable bookkeeping service ( offline or online) for any business assures a well-run accounting system that helps you to handle your business.
 
Many business owners do not have the information, time, or ability to truly perform their bookkeeping duties. Online accounting services will give you the time required to concentrate on your business operations.
 
Keeping in-house accounting and bookkeeping services would require both the owners – time and effort. Hence, rather than focusing on such administrative duties, it is helpful to focus on the growth of the business. Also, the in-house accountant would require considerably higher as related to the cost of getting accounting packages for bookkeeping from PareekG.com.
Yes, one can offer computerized accounts, too. Now, it is easier to manage records and all details of financial transactions on assigned software or through computerized records, to reduce any errors and miscalculations.
Although accounting can be done individually, it is highly recommended to avail the help of accounting professionals who can manage the records and help you spare a lot of time and effort spent on dealing with daily bills and transactions There is an advantage in getting the opinion of an expert, such as an agent who can manage the accounting records as required by the income tax, and thus, spare you a lot of man-hours and troubles of dealing with daily bills and transactions.
PareekG embraces the best practices when it comes to managing confidentiality in the data of our customers. We assure you your information is not leaked or distributed to a third party.
By developing better accounting you can analyze the complex financial details, prepare reports to carefully cover quarterly and year-end closing documents, monitor and check taxation issues and filings, etc.
Cloud-based software can be reached from anywhere, moreover, your financial situation can be traced on fingertips (through a mobile app) in real-time. There is no requirement to manually take the back-up and bother about losing the data. Some of the exceptional features like integration with the bank, GST portal, API based automation are also possible through cloud software. As your organization expands, you can add extra modules and maintain all operations, integrated with accounting software.
 
No, bookkeeping is not the same as payroll. Account Bookkeeping means the skill or occupation of maintaining accurate records of business transactions.