REGULAR  ACCOUNTING

In regular or traditional accounting we provide on-site and off-site services to the client depending upon the need of the client. It also relies upon lot of manual data back-up. In this type of accounting the supporting software are being hosted on local servers/ computers and their storage drives. In this minimum third-party app support is available. It also needs in house hardware and IT infrastructure leads in house data security. Here the data is stored on local devices and this results into no outside data intervention access.

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.

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.