Accounting and Bookkeeping
Services in Bangalore

Accounts and Bookkeeping services

Every business entity needs to track financials on a periodic basis, to understand if the decisions made are yielding the desired result. Accounting services and bookkeeping services are an indispensable part of every business as they help in assessing the financial health of the organization. Whether your business is a startup or a well established entity, accounting and bookkeeping services are the 2 important pillars of financial management.

Bookkeeping refers to the process of recording all financial transactions and Accounting refers to the process of organizing, interpreting, analyzing, reporting and summarizing the financial data.

Why outsource Accounting and Bookkeeping Services?

Accounting and Bookkeeping services require deep financial knowledge and financial skills. If you are worried about managing your business finance, then outsourcing is the best option for you. Outsourcing Accounting and Bookkeeping services have the following benefits:

Saves time, money and effort

Outsourcing accounting and bookkeeping services ensure that all your financial transactions are recorded and analyzed periodically. As professionals are skilled at their job, they save your time and effort in maintaining detailed books of accounts. The professionals charge reasonable fees for the accounting and bookkeeping services rendered. This ensures complete value for money for your business.

Offers support

Every business entity may not be able to handle finances independently. If you are facing challenges in maintaining accounts or bookkeeping, you can outsource it to accounting and Bookkeeping experts. Our financial experts are sure to offer complete support to your business.

Helps to Focus on other areas

If you outsource accounting and Bookkeeping services in Bangalore, you can invest more time on important business activities like creating business strategies, ensuring optimum utilization of business resources, cost reduction, employee training, customer relationship management and so on.

Ensures business continuity

If accounting and Bookkeeping services are outsourced to a professional service provider, it ensures that the same person takes care of your accounts every year. If you don’t outsource your accounting and Bookkeeping services, your business is bound to face a new challenge in the event of your accountant discontinuing the job.

Ensures adaptability

The accounting companies in Bangalore have skilled professionals in their field, they can easily adapt themselves to your businesses changing financial needs.

Procedure for Bookkeeping Services

Bookkeeping involves the following steps:

1Bookkeeping involves the following steps:
2We have experts and one of the leading accounting firms in Bangalore will look into your financial transactions and get in touch with you to understand your requirements and expectations.
3Once you decide to outsource accounting and bookkeeping services with us, our professionals will indulge in recording, classifying, interpreting, analyzing and summarizing your data.
4Our experts will then send a copy to you for your verification and approval
5After getting your approval, our experts will prepare the balance sheet.

These steps will complete the process of accounting and bookkeeping for your business.

List of the Service Offerings

The accounting and bookkeeping services we render include the following:

Implementation and integration
of the accounting system

Recording transactions

Reporting reconciliations

Managing activities

Controller- level services

Implementation and integration of the accounting system:

We render the following services to implement and integrate your accounting system:

  • 1Selecting and implementing appropriate accounting software for your business
  • 2Facilitating the automation of data entry
  • 3Converting data
  • 4Coordinating and integrating with third-party applications like billing, e-commerce and so on.
  • 5Hosting local and remote applications

Recording transactions:

We render the following services to record your transactions:

  • 1Data entry
  • 2Maintaining customer and Vendor invoices
  • 3Payroll transactions
  • 4Bank and credit card related transactions

Reporting reconciliations:

We offer our reconciliation services in the following spheres:

  • 1Issues related to customer and vendor invoices
  • 2Bank and credit card related discrepancies
  • 3Payments and collections discrepancy
  • 4Payroll related issues

Managing activities:

We offer support to your business by managing the following activities for you:

  • 1Paying bills
  • 2Preparing invoices
  • 3Processing payrolls
  • 4Handling accounts receivables and payables.

Controller level services:

We offer the following controller level services:

  • 1Closing entries
  • 2Preparing adjustment entries
  • 3Reviewing financials
  • 4Top down budgeting
  • 5Supervising client work
  • 6Preparing financial statements
  • 7Tax filing
  • 8Handling advances and accruals

How SetMyCompany can help you?
with Accounting and Bookkeeping services

Financial consultation:

If your business needs financial advice, you can feel free to get in touch with our financial experts and chartered accountants who will be happy to offer financial solutions for your business.

Bookkeeping:

We offer bookkeeping services for small and large businesses. By choosing us to handle your business bookkeeping, you can rest assured of handing over your data in reliable hands. Our experts will record all data that has been furnished by your entity on a daily basis and maintain a systematic record of all your financial transactions.

Monthly and annual reporting:

Reporting is an important aspect of business analysis. It helps in understanding if the decisions taken are yielding the expected results. We take the burden off your business by preparing complete financial statements including income statement, cash flow statement and balance sheet for you. This will give you handy information on the profitability and financial health of your organization.

Assistance in drafting invoice format:

Drafting the right invoicing format is imperative for every business. This is because an invoice is proof of sale and acts as a legal document in the event of any dispute. Our experts will be happy to offer any guidance needed in designing your business invoice.

Tax advice:

Our tax experts are updated with the latest tax regimes and will help you formulate tax strategies, file timely returns and take care of the compliances.

Why should I choose SetMyCompany
for Accounting and Bookkeeping Services?

No compromise on quality:

At SetMyCompany, we believe in offering high quality services. By choosing us for handing your business accounting or Bookkeeping, you can rest assured that your data is in reliable hands. Our experts will record your financial data regularly and provide you comprehensive financial interpretations.

Technology driven:

Our experts use the latest technology in handling accounting and bookkeeping services for our clients. Our accounting processes are fully automated and make use of cloud storage. As all our operations are carried out using the latest technology, we can ensure data accuracy and reduce response and delivery time.

Recommend accounting software:

A plethora of accounting software like Intacct, QuickBooks, Peachtree and so on are available to choose from. Our financial experts identify the best accounting software for your business.

Reduce workload:

By outsourcing accounting and bookkeeping services for your business, you can reduce your workload considerably. This gives you adequate time to focus on business areas that need your attention.

FAQs

At SetMyCompany, financial experts are involved in evaluating, tracking and reconciling your financial plan. They make sure that you are aware of the financial health of your business at all times. In addition, their periodic reporting and financial analysis will help you plan investments, cash flows and expenses in a better way.

Account Outsourcing services are always a better option for a business entity. When you hire an employee to handle your accounts, you have to incur expenses like employment taxes and office equipment costs in addition to the salary paid to the employee. However, if you choose to outsource accounting services, you have to pay fees only for the services outsourced, thereby saving on additional costs.

SetMyCompany is one of the leading accounting companies in Bangalore and offer complete financial solutions to small and large businesses. Apart from providing accounting and bookkeeping services, we also offers consultation services to our clients. Be it suggesting tax strategies, helping in filing timely returns or managing and processing payrolls, our professionals are here to offer support services to your business too.

At SetMyCompany, we do 2 types of Bookkeeping namely – Full charge Bookkeeping and After the fact Bookkeeping. The former refers to recording, reconciling, reviewing and interpreting financial data on a daily/weekly basis. The latter refers to maintaining and updating books of accounts on a monthly basis.

When you choose SetMyCompany for your account outsourcing services, you need not worry about set up costs. You only have to pay a fee for the services used. The cost of setting up appropriate accounting software for your business is borne by us.

Our Services

Startup
Registraion

The Government of India came up with the Start-up India scheme in the year 2016. The main aim of this scheme was to build a start-up environment in the country and encourage entrepreneurs to bring their innovative ideas to life.

PAYROLL SERVICES

India is tricky country when it comes to labour laws, numerous compliances can be burdensome. We help you concentrate on your business by managing complete employee services throughout their life cycle i.e from joining to exit.

PVT. LTD. COMPANY
REGISTRATION

As an entrepreneur, it is important to consider key factors while choosing the entity type. More than 90% of the companies incorporated in India follow the Private limited company business structure.

ACCOUNTING &
BOOK KEEPING

India is tricky country when it comes to labour laws, numerous compliances can be burdensome. We help you concentrate on your business by managing complete employee services throughout their life cycle i.e from joining to exit.

GST Compliance

We help you understand India’s biggest tax reform, and reap maximum benefits out of it. We assist you not only in understanding and implementation of GST, but also provide comprehensive assistance in various periodical filings and compliances.

Investment Compliance

We help you throughout the funding process and assist you understand the term sheet, shareholders / subscription/ purchase agreement and various compliances involved and guide you on best industry practices. Gain from our experience

due Diligence

We help you make right decision or give you a valuable insight, by comprehensive appraisal and in-depth investigation of businesses undertaken. We help you make an informed decision.

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271, 1st floor, 14th Cross
Eshwara Layout, CMH Road,
Indiranagar, Benglauru,
Karnataka 560038

+91 96111 89911 (IN)

support@setmycompany.com

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