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Quick Summary:

Bookkeeping and accounting services involve maintaining and organizing a company's financial records. Bookkeeping includes recording daily transactions, reconciling accounts, and managing ledgers. Accounting encompasses broader financial analysis, including preparing financial statements, managing budgets, and ensuring compliance with tax laws. These services help businesses track their financial health, make informed decisions, and meet regulatory requirements efficiently.

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Bookkeeping and Accounting Services in India: Essential Financial Management

Bookkeeping and Accounting Services in India are vital for maintaining accurate financial records and ensuring compliance with local regulations. These services include recording financial transactions, preparing financial statements, managing accounts payable and receivable, and ensuring adherence to tax laws. Professional bookkeeping and accounting help businesses track financial performance, make informed decisions, and meet statutory obligations.

Page last updated

5 May 2025

written By

Afinthrive Advisory

Bookkeeping and Accounting Services in India: Essential Financial Management

Accounting and bookkeeping services are essential financial functions that help businesses manage their financial records, track transactions, and make informed decisions. While both services are closely related, they serve different purposes within the financial management framework of a business. Here’s an overview of accounting and bookkeeping services:

Bookkeeping Services:

  • Recording of sales and purchases
  • Bank reconciliations
  • Accounts payable and receivable management
  • General ledger maintenance
  • Petty cash management
  • Inventory management
  • Many businesses in India outsource their bookkeeping tasks to professional service providers or use accounting software to streamline the process.

Accounting Services:

  • Preparation of financial statements (Profit and Loss Statement, Balance Sheet, Cash Flow Statement)
  • Financial analysis and reporting
  • Budgeting and forecasting
  • Tax planning and compliance
  • Audit support and assistance
  • Compliance with regulatory requirements such as the Companies Act, Income Tax Act, and Goods and Services Tax (GST) regulations

In summary, while bookkeeping services focus on recording and organizing financial transactions, accounting services involve analyzing financial data to provide insights for decision-making, planning, and compliance. Both services are essential for effective financial management and play complementary roles in ensuring the financial health and success of businesses. Businesses often utilize professional accounting and bookkeeping services to maintain accurate financial records, comply with regulatory requirements, and make strategic financial decisions.

WHY WE ?

We act as Virtual Accountants so that you don’t need to hire a resource dedicated to accounting services. You can focus on your core operations while we take care of your accounting and compliance burden.

MIS reports are customized to Client needs; these can be provided on close of month or at specified period. This includes maintenance of books of accounts on regular basis.

0%
Affordable Pricing for everybody.

You won’t get the services at this unbeatable price range anywhere in India.

Essential

₹3999

(13%)

₹

3499

Plan inclusive of all charges

KEY FEATURES

  • Accounting for one month upto 100 entries
  • Monthly MIS reporting
  • Preparation of Final accounts & Annual Report, if yearly package is opted

Enhanced

₹8999

(11%)

₹

7999

Plan inclusive of all charges

KEY FEATURES

  • Accounting for one month upto 100 entries
  • Monthly MIS reporting
  • Preparation of Final accounts & Annual Report, if yearly package is opted

Ultimate

₹12499

(20%)

₹

9999

Plan inclusive of all charges

KEY FEATURES

  • Accounting for one month upto 100 entries
  • Monthly MIS reporting
  • Preparation of Final accounts & Annual Report, if yearly package is opted
Modern Cloud Accounting Solutions

Access your accounts anytime, enjoy professional services, and benefit from flexible, secure, and paperless management.

Access your accounts 24/7 via web or mobile app, providing flexibility and convenience.

Cloud-Based Accounting

Experience a completely paperless approach to managing your finances.

Paperless Accounting

Benefit from secure data storage and cloud access, ensuring safety and reliability.

Secure Data Storage

Accounting managed by professionals with 9 years of experience, ensuring expertise and accuracy.

Professional Accounting Services

Access personalized support from a dedicated accounts manager to answer all your queries.

Dedicated Accounts Manager

Backed by secured data sharing protocols and strict confidentiality policies to protect your information.

Data Security and Confidentiality

No yearly commitment required. Pay as long as you use the services with flexible payment options and no advance payment needed.

Flexible Payment Options

FAQs

Get Answers to your most asked questions.

Can I pay on a monthly or quarterly basis?

Absolutely! To assist with cash flow, we are happy to offer ongoing clients the ability to be charged either monthly or quarterly.

Who will I deal with if I use your services?

We will provide you with a Single Point Of Contact (SPOC). You will deal directly with your SPOC in case of any queries or concerns. You will get all the answers from this one person only.

What would be the qualification of the person assigned to our company?

The persons assigned to do the tasks for your company will be highly qualified CA/CS/Lawyers and Business Administration professionals. However, your SPOC will be a Master of Business Administration.

What will be the frequency of availability of SPOC – Single Point Of Contact?

You may contact your SPOC at any time during office working hours.

How can I get in touch with SPOC?

You may get in touch with your SPOC by dropping a WhatsApp message in the group designated for your company, via an email ID designated for your company, by making a direct call, or by making a Skype call.

I am from London but I have started an Indian Subsidiary back in India. Will you be able to provide your services?

You can acquire our Premium Retainership Services online across India and abroad. You can get our services from any corner of the world, and we would be happy to serve you.