• All Bank Statements for Financial Year
• All Cash Transactions Register
• Sales Summary with Invoices
• Purchases Summary with Invoices
• Capital Contribution Details
• Loan Details

Accounting is a procedure of storing, sorting and recording financial transactions. At the time of tax returns, every business is required to submit their financial records and transactions. It is really important for one to keep their accounts sorted from the beginning and keeping the books updated as it is very difficult to deal with tax returns and financial matters at the same time.

Moreover, keeping your books updated gives a good impression to the shareholders and investors, apart from the income tax view.

The Companies Act 2013, states that the account books should include everyday financial transactions and their bills. Account books mostly have trial balance, copies of bills and original bills, ledgers, etc. Thanks to the online accounting, matters have become easier and streamlined to manage.

It is unlikely for you to have your balance sheet tally at the end of the year if you are not an accountant because there would be miss-categorization of assets, liabilities and expenses. All the visible features of the business should be classified to avoid confusion in the future. An expert accountant will maintain a proper record of Incomes and Expenses, calculate right taxes, categorise expenses properly and provide you with monthly reports to keep you updated about your finances and help you make smart money and tax saving decisions.