What is Accounting?

Accounting is the recording of financial transaction along with storing,sorting, retrieving, summarizing and presenting the result in various reports and analyses. Accounting is the process of recording all business transaction considering all prescribed accounting standards and policy.Accounting is a primary stage for entire taxation system.

Why proper Accounting is necessary?

Without proper accounting no one can understand actual business performance on an organization. Accounting is the only way to ascertain various financial ratio like GP Ratio, NP Ratio, Liquide Ratio, Working capital turnover ratio, Debt Equity ratio etc.These are the ration base on which Investors, lender will ascertain viability of business.

Advantages of having proper accounting records

• Maintenance of business records
• Preparation of financial statements
• Ability to compare business performance results
• Ability to take various decisions promptly and timely
• Use accounting records as a legal evidence in legal proceedings
• Ability to provide data to concerned party like confirmation of account
• Helps to ascertain tax liability
• Ability for cost control and cost reduction
• Valuation of business

Thus we are here to provide you best accounting service to comply with all statutory requirements in this regards.