Wealth Management

Financial Roadmap


Know Us

Financial Accounting and Bookkeeping

Bookkeeping and Accounting form the backbone of the finance of a business. They are the key factors that determine the financial health of a venture. Based on the reports generated by the accountant, the firm makes critical decisions regarding loans, investments, and future strategies. Financial statements are examined during auditing to check if they comply with the accounting standards and follow tax laws. An organization must have a well-structured bookkeeping and accounting system to manage finances, control expenses, and enhance performance.

What are Bookkeeping?

Bookkeeping involves maintaining records of the financial transactions of a company on a daily basis. All the purchases, payments, and other intricate records are documented in an organized manner by the bookkeeper. It facilitates the analysis and interpretation of financial records and is viable in generating balance sheets, income statements and cash flow statements. It is also imperative for bank reconciliation. Different ways of making entries are employed depending on the size and scale of your organization. The list includes maintaining a cash register, journal, ledger and trial balance. Up-to-date and accurate maintenance of records can prove crucial to understanding where your business stands and gauging its performance.

What is Accounting?

Accounting is the fivefold process of collecting, classifying, interpreting, summarizing, and reporting the financial data of a business. Professional accounting follows prescribed standards or formulations. The reports prepared by accountants are used internally as well as externally. Internally, it informs the managerial team about the financial position of a business and aids in making critical decisions. Externally, the reports are scrutinized by tax authorities, regulatory officials, banks, unions, etc. Major decisions, such as those related to budget, expenditure, investments, and loans, depend upon accounting reports. It is a vital element in assessing the monetary standpoint of the business and its future scope.


Financial Accounting

It is the compilation of financial information for external reporting. It deals with revenues, disbursements, accounts payable, accounts receivable, payroll and fixed assets.


Managerial Accounting

This type of accounting is done to assist the managers in forming policies for the business. It includes budgeting, forecasting and various kinds of financial analysis.


Cost Accounting

It is used to identify manufacturing costs by considering all the variables that go into the production of a product and thereby determine the selling price of the product.


Tax Accounting

Tax accounts are drafted according to the rules set at the federal, state or local level. They ensure compliance with taxation laws and attempt to minimize tax liabilities.

Advantages of outsourcing Bookkeeping and Accounting:

End-to-end solutions

Certified personnel

Compliance assurance

Regular reporting

Advanced tools

Our Bookkeeping Services:

  • Maintaining the records of your business's financial transactions
  • Producing cash flow statements, analysis, and monthly reports
  • Maintaining the asset ledger, general ledger, and costs ledger
  • Taking care of the chart of accounts
  • Recording account payables and receivables
  • Monitoring the books' accuracy on an ongoing basis

Our Accounting Services

  • Regular account updates
  • Keeping track of invoices, clearance, and employee costs
  • Creating and assembling reports for a yearly audit
  • Maintaining fixed assets and their accounting
  • Making MIS reports that comprise a balance sheet, a list of accounts payable and receivable, and a profit-loss statement
  • Supporting the organization's tax compliance
  • Handling tax returns and legislative obligations
  • Performing tasks related to bank reconciliation
  • Resolving the questions posed by the auditors
  • Providing consultation and assistance as needed