Accounting Outsourcing

Monthly Pack Start @ ₹2499/-

Hiring a full-time accountant may not be financially feasible and practical for a small business. We help small businesses and startups to implement a cloud-based accounting system and do the accounting and tax filing at a reasonable fee.
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We Recommend Cloud-Based Accounting By Zoho
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GST Ready Cloud Accounting Software

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Labour Law Compliant Free Payroll For 10 User

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Customisation or Migration From Tally, Busy or Quickbooks

Move to Digital Accounting

In today’s uncertain times, being on the cloud and having online access to your business has gained significant importance. Our cloud accounting specialist team shall help you build your accounting from scratch or will help you to migrate your accounting data to Zoho Books. We offer the following cloud enablement services throughout India.

Customisation

We help you to change the way accounting is done. Being on the cloud has its advantages, and we make it simple and easy. You don’t need to be a B. Com or accountant to run your business on the Zoho Books. It is the perfect choice for growing a business.

Migration

We are experienced in migrating your data from one software to another. Our most popular service is migration from tally to Zoho books. However, we fully support migrations from platforms like QuickBooks, Busy or Marg accounting software.

Training

We train accountants to use cloud-based accounting software and help them with ongoing support services. The training covers a general understanding of Zoho Books, Payroll, Inventory, Invoicing software, and we train the accountants to customise it as per the requirement of the business.

Outsource Your Accounting Work to Setindiabiz

Accounting is an art of recording transactions of financial nature daily on a chronological basis; every business must prepare and maintain an up-to-date book of accounts, which is a requirement of law and a modern-day necessity to comply with tax laws. The size of the business does not matter, and the legal compliances apply in the same manner to all. The payment of advance taxes, TDS and GST is based on the proper accounting of the business. Our outsourced accounting services are unique and designed to get more time to do your business and not the accounting of the company you own. Our accountants are well trained and supervised by a well experienced and professional team so that we deliver accurate and tax-efficient accounting for your enterprise.
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We do Accounting
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Approve MIS Reports
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Pay Tax on Time
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File GST/TDS Returns

Key Legal Point on Accounting of Your Business

In today’s uncertain times, being on the cloud and having online access to your business has gained significant importance. Our cloud accounting specialist team shall help you build your accounting from scratch or will help you to migrate your accounting data to Zoho Books. We offer the following cloud enablement services throughout India

Legal Provision

Section 128 of the Companies Act, 2013 requires that every company shall prepare and maintain its books of account and other relevant books and papers and financial statements for every financial year, giving a true and fair view of the state of the company’s affair. An almost similar provision is in section 34 of the LLP Act, 2008 concerning LLP.

Books to be preserved for 8 Year

A company or an LLP must preserve the books of accounts, relevant papers, vouchers and other accounting records, bank statement, invoices, registers etc., until eight years. And in case there is any legal proceeding concerning accounts or tax, then records to be preserved until the conclusion of such proceeding.

Punishment for Non-compliance

For any non-compliance of Section 128 of the Companies Act, there is imprisonment for a term which may extend to one year or with a fine which shall not be less than Rs. 50,000/-, but which may extend to Rs.5 lakh or with both. In the case of LLP, the penalty for contravention of section 34 is Rs. 25 thousand to 5 lac payable by LLP and for a designated partner, it is Rs. 10 thousand to 1 lac.

Place of Maintaining Account

Book of Account is to be maintained at the Registered Office of the company or LLP. The board of directors may decide to keep and maintained the books of account at any other place in India. However, such a decision must be intimated to the ROC in Form No. AOC 5 within seven days. in the case of LLP, the books must be maintained at the registered office of the LLP

Responsible Person

The primary responsibility for maintaining the books of account is on the Board of Director of the company or the designated partners in LLP. However, in case of non-compliance of law, the Managing Director, the whole time director in charge of finance, the Chief Financial Officer of the company, and LLP, the designated partners, are held responsible.

Finalisation of Accounts & Audit

At the end of the financial year, final accounts need to be prepared, resulting in the profit and loss account and the balance sheet for the fiscal year. The books of account need to signed by two director or designated partners. In the case of companies, the books must be audited by the statutory auditors of the company, and in the case of LLP audit is required when turnover crosses 40 Lac

Documents Necessary for Accounting & Tax Compliance

Naming a company is the most important requirement before one person company registration. For name approval, make sure that the proposed name of your OPC is not same or similar to existing companies / LLPs. Also make sure that it is not identical to a trademark or is showing patronage of the local/ State / Central Government.
S.No List Of Document
1.
Invoices/Bills raised during the month.
2.
Purchase Bills or Invoices of Services availed.
3.
Sale or Purchase Returns.
4.
Debit and Credit Notes.
5.
Detailed Statement of all Bank Accounts.
6.
Cash Book with vouchers and evidence.
7.
Any other information of financial nature

Apply for Professional Tax Registration

The Professional Tax is mandatory for every company, LLP, GST-registered business, and other applicable professionals. Registration must be obtained within 30 days of incorporation or registration date. Comply now to Avoid Penalty.

Professional Tax Applicable States

Free consultation and calculator of dues, interest & penalty, if any.

Shops & Establishment Act Registration

(Mandatory to all commercial establishments in every state)
All new establishments must register with the office of the Labour Commissioner (Under the applicable state Shops & Establishment Act) within 30 days of their incorporation for companies or LLPs or the start of business for proprietorships or other businesses.
Free consultation and help to calculate dues, interest & penalty, if any.

Protect Your Trademark Now!

(We help you file trademarks in India and abroad)
Don’t let copycats steal your Trademark or Brand. Register your trademarks now in India to protect your brand, logo, slogan, etc. We have helped over 15K Brands secure their IP.

You Can Protect the Following

Free consultation and Trademark Search in Governemt Database