As a small business Entrepreneur who has just started his business or having a small reach. Must be preoccupied, having very little time to maintain a record of your finances, invoice your clients and put together annual financial reports.
Many more things like preparing taxes on time, or perhaps handle your employees’ payroll. This is where we would like to help you with our affordable and best small business accounting services.
- General Accounting & Book Keeping
- Financial Statement Preparation
- Preparation of Tax Returns
- Cash Flow Statement
- Financial Budgeting
Accounting & Book Keeping
Companies can review their performance with the help of proper bookkeeping. Better strategic decisions can be taken by a better understanding of its revenue and income goals.
When a person is running a business then the careful investment of time and money becomes a critical factor for the growth.
Not every company can afford full-time accountants to work for them because of the cost. they search for the right professional firm for accounting and bookkeeping at an affordable cost. Generally, hire a bookkeeper or outsource the job to a professional firm.
This is where we would like to come in. With the help of services, our clients have seen a significant increase in growth.
Financial Statement Preparation
A financial statement is running fuel for the company. All the financial activities of the company are analyzed and then the forecast of the future vision and plans of the business are made.
Creating financial statements for your small business starts with your day-to-day bookkeeping.
Trust of Investors and banks for loans are gained by having the better financial statements of the company. Elements in your financial statement which are most important are
Assets, Comprehensive income, Distributions to owners, Equity, Expenses, Gains, Investments by owners, Liabilities, Losses, Revenues
Preparation of Tax Returns
31st July of the assessment year following the financial year is usually the last day to file your Income Tax Returns for any given financial year.
According to the income tax of India Income tax can be filled in 2 ways
Click on the links to know the full process step by step. and want us to prepare a tax return for you then connect with us.
Cash Flow Statement
- The company receives its money from and how it expends its money is depicted in the cash flow statement.
- The three main components of a cash flow statement are
- Cash flow from operations
- Cash flow from investing
- Cash flow from financing
- With different accounting methods(Accrual accounting, Cash accounting) cash flow statement is presented.
- Net cash generated by the operating activities will be known.
- Important indicators in cash flow analysis include the operations/net sales ratio, free cash flow, and comprehensive free cash flow coverage.
Financial Budgeting
Predicting the income and expenses of the business on a long-term and short-term basis. More targets can be reached with better projections of cash flow.
The evaluation of incomes and expenses is done on a monthly, quarterly, half-yearly, or annual basis, depending on the suitability of the organization. A financial budget is a very powerful tool to achieve the long-term goals of any business.
Better decisions will be taken by the administration and shareholders of the organization as they have better insight into the functioning of the business.