FincomIndia

Accounting for Business

Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities.
From Rs 7,499/- Inc. of all taxes

Business accounting is the systematic recording, analyzing, interpreting and presenting of financial information. Accounting may be done by one person in a small business, or by different teams in large organizations.

Accounting is the way a business keeps track of its operations. Accountants analyze the business finances so the owner can make better decisions. This information is organized into reports that show the financial health of a business.

Accounting helps business owners meet their compliance obligations. It also helps them make smart decisions with their money.

Business accounting consists of three basic activities: identifying, recording and communicating the economic events of a company. Accountants identify economic events such as transactions and investments. Accountants use bookkeeping techniques to systematically record economic events. Finally, accountants use financial statements to present their records to people who use accounting information. Sometimes, accounting might also mean analyzing and interpreting financial statements and explaining the meaning of reported data.

Salient Features of Accounting for Business

Recording of Transactions

Accounting is one of the most vital functions for any business. This tells you exactly how much of returns are we getting from various products / services etc.

Ascertaining Taxation Liability

Without proper accounting of financial transactions, taxation liabilities such as TDS, GST, PF, ESI etc cannot be ascertained.

Ensuring Proper Reconciliations

To be able to do proper account reconciliations with your vendors and customers, accurate and timely accounting records are must to have.

Transparent And Competitive Pricing

BASIC (Monthly Pricing) STANDARD (Monthly Pricing) PREMIUM (Monthly Pricing) PRO (Monthly Pricing)
Accounting for 100 Transactions (Sales, Purchase & Bank taken Together)
Accounting for upto 250 Transactions (Sales, Purchase & Bank taken Together)
Accounting for upto 500 Transactions (Sales, Purchase & Bank taken Together)
Accounting for All other Entities Upto 2000 Transactions
GST Return Filing
TDS Return Filing
Rs. 10,000
Rs. 7,499
Inc. all taxes
Rs. 14,000
Rs. 9,999
Inc. all taxes
Rs. 25,000
Rs. 14,999
Inc. all taxes
Rs. 50,000
Rs. 34,999
Inc. all taxes
Delivery Process

1. Send us the copy of Basic Documents

We will create a link where in you need to upload your basic documents like invoices, cheque counterfoil etc. Post this our experts shall get in touch with you.

2. Analysis of your Basic Documents

Our experts shall then analyse your accounting (current transactions) and make entries into book of accounts according to the same.

3. Verification and Approval by you

As next procedure, the final accounting data shall be available to you for verification and approval.

4. Preparation of Balance sheet

Once approved by you, our experts will comply with GST, TDS and other statutory requirements on a monthly basis will also prepare the balance sheet as per the current laws and perform annual fillings.

5. Hurray......It's Done

Once the Balance sheet prepared, the books of accounts are finalized and completed and sent to you along with copies of all GST, TDS , Income Tax and ROC Returns.

Frequently Asked Questions
Bookkeeping is the day-to-day process of recording transactions, categorizing them, and reconciling bank statements. Accounting is a high level process that looks at business progress and makes sense of the data compiled by the bookkeeper by building financial statements.
Finance and Accounting are two separate disciples that often are lumped together (as we obviously have done). At a high level, Finance is the science of planning the distribution of a business' assets. Accounting is the art of the recording and reporting financial transactions.
Introduction to Accounting Basics. Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with accounting debits and credits as we show you how to record transactions.
Financial accounting involves the preparation of a standard set of reports for an outside audience, which may include investors, creditors, credit rating agencies, and regulatory agencies. Cost accounting involves the preparation of a broad range of reports that management needs to run a business. Product costs.
Depending upon your level of dedication, an accounting major can take the following time to complete: Associate's degree programs, which provide entry-level opportunity, usually take two years. A bachelor's degree program generally takes four years. Master's degree programs and MBAs generally require one-to-two years.
Examples of Accounting Jobs without a Degree. You won't be able to become a professional accountant or Certified Public Accountant (CPA) without at least a four-year degree. To become a CPA, you'll need additional credits (150 total, including the Bachelor's degree) and you'll have to pass the CPA exam.
Two Types of Accounting Systems. There are two types of traditional costing systems used by companies in determining product costs. They are job order costing and process costing. Job order costing is a method of assigning costs to a specific unit or product.
Accounting functions. Accounting involves the creation of financial records of business transactions, flows of finance, the process of creating wealth in an organisation, and the financial position of a business at a particular moment in time.
The difference between finance and accounting is that accounting focuses on the day-to-day flow of money in and out of a company or institution, whereas finance is a broader term for the management of assets and liabilities and the planning of future growth.
Their key role tends to focus on immediate financial issues and management. ... Accounting Manager – An accounting manager is responsible for a company's accounting activities that include maintaining and reporting on both the cost and financial sets of accounts but does not handle or negotiate.

Our Presence

Check Availablity in your area

FinComIndia has capability to serve at your door step at more than 6000 Pin Codes across. You have the opportunity to avail our world class services sitting at your home or office itself. This service is free of cost for all the customers. We practically cover the whole of India. Kindly check in the box above for availability of door step services in your city.

Reasons to choose FinComIndia?

PROFESSIONAL EXPERTISE

FinComIndia has a team consisting of more than 75 experts of varied domains which enables us to deliver high quality of services. All our staff is well trained and regularly updated with all relevant statutory changes.

DOOR STEP SERVICES

We pick up all the required documents right from your door step at your preferred time and date and also deliver back the original documents / certificates to your address.

NATION WIDE REACH

We have capability of providing our services across more than 6000 Pin Codes in India. This makes us the front runner in Nation wide reach.

BEST PRICE

We are upfront with our pricing with no hidden fees, Also lowest pricing through automation and technology.

Money Back Guarantee

If you are not satisfied with our work, we will refund the money after deducting the statutory fees paid and other administrative charges.

100% Customer Satisfaction

With our quality of services and professional expertise, we guarantee 100% customer satisfaction.

Giving Back to the Society

In our endeavour to give back to the society, we donate 1% of our profits to various charitable and environmental causes.