Why to Choose PKC for Bookkeeping Services in Chennai?

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35 years

100+ employees

>1500 clients

What is Bookkeeping? Why Bookkeeping is Important for your Business?

Bookkeeping is recording a business’s financial transactions to ensure the efficient utilization of business assets and aids decision-making in various business affairs. Bookkeeping in the contemporary scenario is aided by software such as Tally, Busy, Zoho Books, QuickBooks, and many others.

Bookkeeping is important for all business houses irrespective of the size and nature of business for the following reasons :

Bookkeeping helps in keeping track of your income and expenses. This aids financial planning and financial control.
Bookkeeping helps you in analyzing historical transactions to understand trends and make informed decisions.
Bookkeeping improves the reliability of an organization for investors as it helps in real-time financial reporting.
Bookkeeping helps an organization stay compliant with statutory laws and aids in taxation.
Bookkeeping helps in attaining business goals by continuously monitoring the performance against the set goals.

Bookkeeping comes with the following features :

Systematic recording of all financial transactions, including sales, purchases, receipts, and payments, to ensure that the financial records are accurate and complete.
Posting entries as per the Double-entry system, where every transaction is recorded in at least two accounts, maintaining the balance between debits and credits.
Maintaining assets and liabilities of business cash, bank balance, loans, advances, debtors, and creditors.
Documentation of all financial records for reference.including
Maintenance of books in compliance with accounting standards and regulatory requirements, which is crucial for accurate tax reporting and audits.
Presentation of financial statements including trial balance, profit and loss statement, cash flow statement, and balance sheet.

Benefits of Choosing PKC?

Cost Saving

Real Time

Audit Support

Minimizes Risk

Improving Productivity

Helps in Business Decision

Multi-lingual

Improves Data Security

Benefits of Choosing PKC?

Cost Saving

Real Time

Audit Support

Minimizes Risk

Improving Productivity

Helps in Business Decision

Multi-lingual

Improves Data Security

Benefits of Choosing PKC?

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Difference between Bookkeeping & Accounting

Bookkeeping and accounting are complementary to each other. Bookkeeping and accounting are essential for any business’ success. Though both the terms are similar, there exists a thin line of difference. While bookkeeping focuses more on recording transactions and making sure records are accurate and complete, accounting on the other hand, involves interpreting, analyzing, and reporting the financial data recorded by bookkeepers. Accounting requires a deeper understanding of financial principles and regulations, as it is used to inform strategic decisions and ensure compliance with legal requirements. In essence, while bookkeeping is concerned with the detailed recording of transactions, accounting focuses on using that information to guide business decisions and ensure financial stability.

Package Details

Bookkeeping Services

Monthly Package – Silver

Rs. 5000.00

( Per Month )

Management of Accounts

BRS

Creditor and Debtor Reports

Entering Purchase Ledger Documents

Entering Sales Ledger Documents

Compliances (GST, TDS, EPF & ESI, ROC etc.)

Income Tax Filing

100% Secure

* No Hidden Charges.

Enquire now

Bookkeeping Services

Monthly Package – Gold

Rs. 9500.00

( Per Month )

Management of Accounts

BRS

Creditor and Debtor Reports

Entering Purchase Ledger Documents

Entering Sales Ledger Documents

Compliances (GST, TDS, EPF & ESI, ROC etc.)

Income Tax Filing

MIS Reporting

Expert Call

100% Secure

* No Hidden Charges.

Enquire now

Bookkeeping Services

Monthly Package – Platinum

Rs. 15000.00

( Per Month )

Management of Accounts

BRS

Creditor and Debtor Reports

Entering Purchase Ledger Documents

Entering Sales Ledger Documents

Compliances (GST, TDS, EPF & ESI, ROC)

Income Tax Filing

MIS Reporting

Expert Call

Custom Add Ons

100% Secure

* No Hidden Charges.

Enquire now

Outsourcing Bookkeeping Services for Specialised for Various Industries

We have experience working with a wide range of companies in many industries, we are aware that each one has unique requirements. We have supplied outsourced bookkeeping services to the following industries :

Real Estate

Healthcare

Retail

E-commerce

IT & ITES

Professional Services

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Top Cities that we are Running Firm

Chennai

Bangalore

Vijayawada

Coimbatore

Surat

Mumbai

Pune

Conclusion

In essence, bookkeeping is an essential part of financial management, offering a structured approach to recording and maintaining a business’s financial health. Its benefits, from ensuring accuracy to providing confidence to investors, bookkeeping is crucial for informed decision-making. By understanding its key features and following a systematic process, businesses can achieve clarity and control over their financial activities.

FAQ

1. How do I Choose the right Bookkeeper?

Finding a good bookkeeping partner is important to get the desired results. One must choose bookkeeping partners who have experience in their industry and can offer expert advice by analyzing your financial statements.

2. Are Bookkeepers expensive?

No, bookkeeping services are not expensive if you compare the charges against time saved, error-free accounting, and expert advice. Bookkeeping service fees vary as per the specific needs of the client and the volume of transactions.

3. What are the core responsibilities of a Book Keeper?

To maintain financial records accurately and ensure 100% compliance with statutory laws.

4. What exactly does a bookkeeper do?

Bookkeepers collect the information from you and maintain the record of transactions in accounting software which can be used for financial analysis and decision making.

5. Why is bookkeeping important for a small business?

Small businesses lack the bandwidth to employ professionals who can provide expert advice and also maintain error-free books. So, it is important for small business to hire bookkeepers.

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