Bookkeeping involves the systematic recording, organizing, and tracking of financial transactions on a daily basis. It is the process that ensures your income, expenses, payments, and receipts are correctly documented.
Accounting, on the other hand, goes a step further—analyzing, summarizing, and interpreting the financial data to prepare statements, manage compliance, and support business decision-making.
Daily Transaction Recording
We maintain all financial transactions in a structured and consistent manner using reliable accounting software such as:
- Tally ERP
- Zoho Books
- QuickBooks
- Busy Accounting
- Or custom Excel templates (for micro-entities)
We track: - Sales & Purchase entries
- Cash and bank transactions
- Credit/debit notes
- Journal vouchers
- Expense bills and petty cash
Ledger Maintenance & Reconciliations
We ensure all ledgers are accurate and updated:
General Ledger
Debtors & Creditors Ledger
Bank & Cash Book
Fixed Asset Register
We also perform bank reconciliations (BRS) regularly to eliminate any discrepancies.
Accounts Receivable & Payable Management
We manage your customer and vendor accounts to help you:
Track outstanding invoices
Maintain payment schedules
Avoid late fees and interest charges
Improve working capital management
Trial Balance & Adjustments
- We periodically prepare your Trial Balance, incorporating:
- Accruals
- Prepaid expenses
- Depreciation
- Inventory adjustments
These ensure your financial reports reflect the true position of the business.