ONLINE  ACCOUNTING

Now a days, online accounting is becoming first choice of every business enterprise and professional. This is also known as cloud accounting, as online accounting is being supported by cloud technology facility.

The benefits of online accounting are as follows:

1. Helping in real time data updates
2. Supports any time & any place data access
3. Revolutionizing cost effectiveness
4. Paperless accounting process
5. High data security
6. Multiple users and multi locational access of data in real time
7. Better insight reports generation
8. No tension of software version updates
9. Artificial Intelligence (AI) tool support availability results into superior reporting.
10. Providing accurate financial forecasts and predictions.
11. It supports majority of apps helps into better functioning and display reports
12. Easy to fix bugs
13. 24/7 data back-up facility
14. Any device access facility availability
15. Availability of process automation

The process of recording all financial activities and creating the required financial statements, such as balance sheets and income statements, is known as accounting.

Accounting includes tasks such as creating and updating journal entries as well as creating and keeping an accurate record of a business's book of accounts.

Our Online accounting services provides real time effect of sale bills, purchase bills, bank & cash entries.

It covers:

• Preparation of comprehensive ledger accounts for cash, purchase, sales, and expenses.
• Preparation of Balance Sheets
• Preparation of receipts, profit and loss account, and expenses statement
• Up-to-date bank reconciliation statement
• Statement of balance pertaining to account payables and account receivables as of the date
• Stock summary as of the date

We keep high standard of professionalism, expertise and business ethics.

MANAGEMENT ACCOUNTING:

• Based upon data available from financial accounting, it provides necessary information to the management in order to assist them in the process of planning, controlling, evaluation and decision making.
• The reports prepared are known as MIS Management Information System report.
• The report contains both subjective and objective figures.
• The management accounting report is based on the management’s requirement.

FINANCIAL ACCOUNTING:

• It is based upon the monetary / financial transactions of the company.
• The objective is to record and classify the monetary transactions in the books of accounts and the preparation of the financial statements.
• The financial reports are useful for management, shareholders and creditors.
• It is subjected to the statutory audit.
• It shows the financial condition of the enterprise.