Accounting Outsourcing Services

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Accounting and Bookkeeping Services

Trusted accounting and bookkeeping services in India. Switch to Accounts Outsourcing Services and save up to 80% of Accountant Salary.  Plan to start from ₹12999* annually.

  • Accounting of FA, Sales, Purchases, and expenses
  • Annual Financial Report (Trial Balance, BS, P&L)
  • Monthly GST Reports
  • MIS Reports
  • ITR Filings
  • Accounting on Cloud support

# Virtual Accountant, #OnlineAccounting.

Accounting Bookkeeping Services

    Accounting Outsourcing Services

    Simplified To Suit Your Business Need


    We are the most trusted online Accounting and Bookkeeping (Accounting Outsourcing) Services provider in India. We offer a wide spectrum of outsourcing services in the finance and accounting domain. BIZINDIGO has been providing Account outsourcing services to Startups, small businesses, and large corporates. We have a team of experienced accountants led by a qualified chartered accountant(s).

    The expert accountant at BizindiGo will accurately maintain your books while you focus on growing your core business.

    Why You Should Outsource Accounting Services

    account-outsourcing-services
    • Reduced Cost
    • Focus on core business
    • 60% more affordable than in-house staff Accounting Services
    • Enhanced Productivity
    • NIL Capital expenditure On Account Outsourcing Services
    • Better Technology

    Accounting Services Plans

    Basic

    Rs 9999 /-

    Suitable for Individual / Freelancer

    • Accounting for One Year
    • Account for up to 100 transactions
    • Accounting for Sales, Purchases
    • Accounting for expenses
    • Bank entries
    • MIS report
    • Financials (PL, BS)
    • Data for ITR filing

    Business

    Rs 29999 /-

    Suitable for fast growing Startups (Turnover upto 2 Cr)

    • Accounting for One Year
    • Account for up to 750 transactions
    • Accounting for Sales, Purchases
    • Accounting for expenses
    • Bank entries reco
    • Financials (TB, PL, BS)
    • MIS report
    • Custom reports (if needed)
    • Data for ITR filing

    Startup

    Rs 14999 /-

    Suitable for New Startups (Turnover upto 15 Lacs)

    • Accounting for One Year
    • Account for up to 300 transactions
    • Accounting for Sales, Purchases
    • Accounting for expenses
    • Bank entries
    • MIS report
    • Financials (P&L, BS)
    • Data for ITR

    Custom Plan

    Call us for Fee /-

    Suitable for fast growing Startups (Turnover upto 2 Cr)

    • Accounting for One Year
    • Account for up to 1000 transactions
    • Accounting for Sales, Purchases
    • Accounting for expenses
    • Bank entries reco
    • Financials (TB, PL, BS)
    • MIS report
    • Custom reports (if needed)
    • Data for ITR filing

    Growth

    Rs 17999 /-

    Suitable for Growing Startups (Turnover upto 50 Lacs)

    • Accounting for One Year
    • Accounting for up to 350 transactions
    • Accounting for Sales, Purchases
    • Accounting for expenses
    • Bank entries
    • MIS report
    • Financials (P&L, BS)
    • Data for ITR

    Growth Plus

    Rs 23999 /-

    Suitable for fast growing Startups (Turnover upto 1Cr)

    • Accounting for One Year
    • Accounting for up to 600 transactions
    • Accounting for Sales, Purchases
    • Accounting for expenses
    • Bank entries
    • MIS report
    • Financials (P&L, BS)
    • Data for ITR filing

    Account Outsourcing Services Include

    Fixed Assets Register Maintenance
    Accounts Receivable
    Accounts Payable
    Payroll Reconciliation
    Bank Reconciliations
    Tax Filings
    Monthly GST Reports
    Financial Report

    What are the documents/ info needed for Accounting?

     

    The documents required for bookkeeping and accounting vary depending on the nature of your business & transactions. Our advisors will explain the list to you.

    Usually, we need Sales, Purchase, and expense details. Monthly bank statement in Excel format with remarks.

     

    Which Accounting Software is to be used for accounting?

    We are currently using Tally, ZohoBooks, and Quickbooks for accounting. Usually, we use our licensed Tally/ Tally on Cloud to prepare and maintain the client's records.

    We provide MIS reports and financials. Also, provide the last data backup (Tally) of your accounts as part of the service plan. The plan does not include access to or a license for the software.

    If you have your own accounting software, then we can utilize it as long as it can be accessed remotely. Our accountant will log in and set up your accounts as soon as you grant us access to your software.

    Maintenance of books of accounts under Income Tax

    Section 44AA (1) - Maintenance of books of account by persons carrying on certain professions

    As per section 44AA(1) read with rule 6F the persons carrying on any of the professions as mentioned below are required to maintain books of accounts and other documents as may enable the assessing officer to compute his total income, if yearly gross receipts of the profession exceeded  Rs 1,20,000.

    The following professions are covered under this provision:

    • Legal
    • Medical
    • Engineering
    • Architectural
    • Accountancy
    • Technical consultancy
    • Interior decoration
    • Authorized Representative (one who charges fees for representing someone before the tribunal or any authority)
    • Film artists (such as producers, editors, actors, directors, music directors, art directors, dance directors, cameramen, singers, lyricists, story writers, screenplay or dialogue writers, and costume designers).
    • Company Secretary

     

    Books of accounts as per Rule 6F

    The following books of account are to be kept and maintained by persons covered u/s 44AA(1):

    1. a cash book;
    2. a journal;
    3. a ledger
    4. carbon copies of bills (serially numbered) and carbon copies or counterfoils of receipts issued in respect of sums exceeding Rs 25,
    5. Original bills for expenses exceeding Rs. 50 and payment vouchers for petty expenses.

    However in a case where the cash book maintained by the person contains adequate particulars in respect of the expenditure incurred, then vouchers are not necessary in respect of expenses up to Rs 50.

    Note: Persons engaged in the medical profession are, in addition to the above set of books, required to maintain:

    • a daily case register in Form No. 3C; and
    • an inventory, as at the beginning and end of the year, of stock of drugs, medicines, and other consumables accessories used for the purpose of the profession.

     

    Maintenance of Books of account in electronic form

    Maintenance of Books of account and other books and papers in electronic mode is permitted and is optional. Such books of accounts or other relevant books or papers maintained in electronic mode should be and shall remain accessible in India.

     

    Duration for which the books are required to be preserved

    Rule 6F(5) provides that the books of accounts and other documents are to be kept and maintained for at least 6 years from the end of the relevant assessment year.

    Penalty for not maintaining books of accounts

    Consequences for not maintaining books of accounts and other documents or retaining them as required u/s 44AA attract a penalty of Rs. 25000 u/s 271A. The penalty can be imposed by the assessing officer or CIT (Appeal).

     

    Maintenance of Books of accounts by other Persons covered u/s 44AA (2)

    (i) Every person carrying on any business or profession other than a specified profession mentioned U/s 44AA(1) shall maintain books if:- either the income from business or profession exceeds Rs 120000 or the turnover or gross receipts exceed Rs 10 Lakhs in any one of the three years immediately preceding the previous year(PY).

    (ii) If the business/profession is newly set up in any previous year, and income is likely to exceed Rs 1.20 lakhs or turnover is likely to exceed Rs 10 lakhs during the PY. For individual/HUF, the above Rs 1.20 lakhs and Rs 10 lakhs are substituted with Rs 2.5 lakhs and Rs 25 lakhs, respectively.

     

    Maintenance of Books of Accounts under Companies Act

    As per the Companies Act, every company has to maintain books of accounts, at the registered office or any office that the board of directors may decide.

    If the company is maintaining books at an office other than the registered office, it has to intimate the same to RoC (Registrar of Companies).

     

    Maintenance of Books of account in electronic form


    Maintenance of Books of account and other books and papers in electronic mode is permitted and is optional. Such books of accounts or other relevant books or papers maintained in electronic mode should be and shall remain accessible in India.

    Duration for which the books need to be maintained

    Books of accounts and vouchers should be maintained for a period of 8 years from the end of the relevant financial year.

    List of Books of accounts to be maintained

    • Cash flow statement
    • Records of sales and purchases
    • Records of assets and liabilities
    • Items of cost
    • Deeds, vouchers, writing, documents, minutes, and registers whether in physical or electronic mode

    Books of Accounts under the GST Act

     

    Section 35 of the CGST Act and “Accounts and Records” Rules (hereinafter referred to as rules) provide that every registered person shall keep and maintain all records at his principal place of business.

    It has cast the responsibility on the owner or operator of the warehouse or godown or any other place used for storage of goods and on every transporter to maintain specified records.

     

    List of accounts & records to be maintained

    As per Section 35(1) of the CGST Act, every registered person shall keep and maintain, at his principal place of business, a true and correct account of-

    • Production or manufacture of goods;
    • Inward or outward supply of goods or services (Sales and Purchase Registers)
    • The stock of goods (Stock register);
    • Input tax credit availed (Electronic credit ledger);
    • Output tax payable and paid;
    • Such other particulars as may be prescribed.
    • goods or services imported or exported or
    • supplies attracting payment of tax on reverse charge
    • along with the relevant documents,
    • including invoices, bills of supply, delivery challans, credit notes, debit notes, receipt vouchers, payment vouchers, refund vouchers, and e-way bills.

    True and correct means the financial statements should be free from material misstatements and faithfully represent the financial performance and position of the entity.

     

    Manner of maintenance of accounts and records under GST

    The records can be maintained electronically, and businesses are encouraged to use accounting software that complies with GST requirements. In such cases, such records have to be authenticated digitally.

    Retention period of accounts under GST

    Every registered person/business should retain the books of accounts and other relevant records for a minimum of 6 years (72 months) from the due date for filing the Annual Return for the year.

    Why BIZINDIGO?

    Advantages of Choosing BIZINDIGO

    Fast & Reliable Services

    100% online, hassle-free process

    Transparent Professional Fees

    No Hidden charges. All inclusive fees.

    Expert & Qualified Team

    Team of Qualified CA, CS & Lawyers

    One Stop Junction

    All legal services under one roof

    24 X 7 Support Services

    On Call, Email, Chat &WhatsApp

    PAN India Services

    20+ Cities presence across india

    We are an authorized partner

    tally authrized partner"
    Zoho books authorized parter"