ACCOUNTING

MANAGE YOUR ACCOUNTING ONLINE WITH LEGALDOCS ADVISOR

Accounting is a systematic process of recording, summarizing, analyzing, and interpreting financial transactions of an organization.

Easy Process and Documentation

Required Paperwork

  • Invoices
  • Receipts
  • Bank statements
  • Purchase orders
  • Payroll records
  • Financial statements

Process, Service Charges, Time duration

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ACCOUNTING ONLINE ACCOUNTING PROCESS BENEFITS CURRENT ACCOUNT OPENING FAQ

WHAT EXACTLY IS ACCOUNTING?

The term “accounting” refers to the practise of “keeping financial accounts” on a year-to-year basis. Bookkeeping and accounting can be broken down into a number of subfields, some of which are as follows: financial accounting; managing general accounting; professional accounting; chartered accountant; auditing; cost accounting; and tax accounting.

Every company has to make sure that their books are balanced at the end of each fiscal year. The Department of Income Tax (IT) must be provided with access to the records of any and all organisations. Maintaining the books internally is a time-consuming and expensive problem; finishing the task using internet tools is a significantly less difficult and more effective approach to get it done.

Accountants are capable of doing more complex jobs, and they make use of more sophisticated tools to carry out their work and keep records.

With the assistance of the online accounting service provided by LegalDocs, this procedure may be simplified, and you will have an easier time managing your finances when you work with us.

WHY IS ONLINE ACCOUNTING NECESSARY?

1. Keeping the books in-house can be an expensive endeavour in the positive sense.
2. finishing it with online measurements is a much easier and superior technique to go about it.
3. Accountants are capable of handling increasingly complex duties, and they make use of more sophisticated tools in order to do their work and keep records. With the assistance of the online accounting service provided by LegalDocs, this procedure may be simplified, and you will have an easier time managing your finances when you work with us.

PROCESS FOR ACCOUNTING SERVICES ONLINE

Step 1

Send your accounting book to LegalDocs

Step 2

We will analyze your book

Step 3

As soon as the entries are made, the tally sheet will be sent to you for verification.

Step 4

The balance sheet will be prepared from our side.

Step 5

As soon as it is completed the finalized copy will be sent to you.

THE BENEFITS OF ONLINE ACCOUNTING

Cost efficient

Instead of spending a significant amount of money on an accountant, you should consider using online accounting solutions because they are certain to be more cost effective.
Less time consuming

When compared to manually calculating the accounts, having the ability to perform calculations and accounting in a fraction of a second has the potential to be superior.

User-friendly

You are able to make yourself aware of each and everything that is included in it, and you will not have any trouble when using the accounting services provided by LegalDocs.
Statistics
With the assistance of data and analysis carried out on an annual basis, you will be aware of the profits and losses that are associated with your company.

Functions as evidence of financial data

When you are ready to apply for funding or a loan and need to provide specific information regarding your accounting method, having this information on hand might be useful.

FAQS

You should hire an accountant as soon as you begin your business. This reduces mistakes and stress from the starting.
No, You will always maintain 100% control of all decisions and all checks will still be signed by you. You choose what merchants get paid and when.
LegalDocs is one of the leading online service providers to help establishments to receive bookkeeping services in India.
Books of accounts comprise of a Journal, a Ledger book, a Trial Balance, Original and carbon copies of bills/invoices/receipts /, Cash Book, Profit and Loss A/c, Balance Sheet and Cash Flow Statements.
No, regardless of whether you earn profits or losses, you still need to keep books. You must keep track of any financial transactions that you engage in. The ability to file income tax returns for the same and claim the advantage of writing off losses in subsequent years of profit is another incentive to keep books of accounts in the years of losses.
 
There are different types of accountants such as Auditors, Forensic Accountants, Controllers, Bookkeepers, Tax accountants etc.
Yes it is necessary to create book for every business, online accounting process is also for small business accounting.