Accounting & Book - Keeping Service
Get Your Accounting Done by
Professionals At Just Rs 1,000/Month
Customize Plans as Per Your Requirements
Important Questions Regarding Process
- I am required to Issue Invoice in between month then how can I do that ?
- You can issue recurring Invoice yourself through billing software. Our assigned manager will create the customer account for GST and TDS compliances. In case if you are not able to generate then you can tell your assigned manager to issue the Invoice.
- What will be the Interval of communication in monthly Bookkeeping ?
- Updating of Bookkeeping records depends on the plan selected by you. So that may be on 30 days Interval, 15 Days Interval or 10 Days Interval.
- What if I have 2 to 3 more transactions then my selected package ?
- Don’t worry in case of few excess entry’s there will be no additional charges and you can continue under the same plan.
Why Choose Us
Highly Scalable & Transparent Rates
The rates charged by us are scalable as per the requirements and consist of no hidden charges. Rates increase only if there is an increase in your business. Our company is proud to be one of its kind as our rate decreases when there are constant lower transactions then the package availed.
Always available
Our services are offered on the cloud, which means that you’ll have 24×7 access to your accounts and can be sure of confidentiality. Further, if you have any queries or problem then you can contact your assigned manager during the normal business hours.
Providing Start to End Book-keeping Services
Like other online Bookkeeping service providers, our service is not restricted only to Bookkeeping entries in the month-end by collecting the data. Our assigned manager also helps you in generating the invoice and automating recurring bills whenever required on any business day in business hours.
Results in Numbers
List of Required Documents
Bookkeeping For Freelancers
- Basic bookkeeping and compliance requirements for Freelancers.
- Reconciliation of bank statement and payment gateway statements.
- Caring out monthly bookkeeping on software like QuickBooks or Tally.
- Filling of GST return, GST refund application and quarterly credit reconciliation.
- Monthly TDS calculation and quarterly TDS returns.
- Quarterly advance tax calculation.
- Monthly management reports like profit and loss account, balance sheet, cash flow statement, receivable statement etc.
- Documents required for bookkeeping.
- Bank statement & payment gateway statement if any.
- Details of invoice raised and invoice received.
- Cash expense details in excel sheet.
Advantages
Complete & Systematic Record
Bookkeeping is done based on generally accepted principles and a scientific way of presentation of business transactions in books of accounts. It is a complete and accurate recording of all business transactions. Since one cannot remember all the transactions, Bookkeeping becomes vital to get the right idea of financial statements.
Compliance with Rules & Regulations.
As per the Companies Act, 2013, it is mandatory for every company to maintain proper books of accounts as per the prevailing bookkeeping standards. As per the Income Tax Act, if the business or company makes a profit of more than INR 1.2 Lakhs or turnover of INR 10.00 Lakhs annually and does not file ITR on the presumptive basis are required to maintain books of accounts.
Helps in Raising Loan
Bookkeeping helps you to keep accurate records for financial institutions and tax preparers. As no businessperson can expect a loan or overdraft facility without producing proper evidence of income, in the form of accounting records. Due to this, applying for a loan will require a particular company’s financials and accounting records.
The requirement for tax purpose
Accounts are necessary for recording the correct income and expenses. So, in the absence of proper accounting records, it would be tough to prove the exact income to tax authorities on which the tax could be levied. Even in the case of GST, it is mandatory to maintain proper accounting records for eight years.
Personnel decisions
Accurate Bookkeeping records can also help you to make personnel decisions. Due to proper accounting records, one can know where his money is going and how much should he be spending on various areas of your business. Due to which you will be able to make many decisions as to what shall be remuneration drawn and whether to withdraw or deposit additional funds in business.
Monitor business financial health
Bookkeeping helps you to monitor the financial health of your business. Too many expenditures without adequate cash influx can be troublesome for any business. If detailed Bookkeeping isn’t part of your modus operandi, how will you ever know if your business is succeeding or failing.
Frequently Asked Questions
You can issue recurring invoices yourself through billing software. Our assigned manager will help you in creating a customer account for GST and TDS compliances. However, if you are not able to generate it, then you ask your assigned manager to issue the same.
Updating of Bookkeeping records depends on the plan selected by you. In case if the numbers of entries are less than it, then updating will be done every month. If the transactions are high then the limit, then it will be done at an interval of 15 days.
Don’t worry in case of few excess entry’s there will be no additional charges and you can continue under the same plan.
Number of entries will be counted based on the total entries in your bank and cash books.
If the services are provided only in India and the total turnover does not exceed INR 20 Lakhs then there is no requirement to obtain GST registration.
Yes, GST registration & Filling of GST return is mandatory in the case of export of service. However in case if you are obtaining the fees in the form of foreign currency then Zero rates of GST will be charged.
You can ask us by dropping a message or sending us the mail or calling us. Our team will guide you with the compliances that are required.
Most of the new business look for saving money in the area of the compliance and try to do it by themselves which later on results in delay in compliance and wastage of lot of time of owner.
If you are availing Bookkeeping service from us, then there are zero software fees for Tally base Bookkeeping. You can also avail cloud base Bookkeeping software that is QuickBooks at negligible rates.
No, before filling for the trademark our team shall carry a Trademark Search for the proposed trademark to assure that no objections are received for your trademarkLegal Workmate follows the best practice of maintaining confidentiality and data protection. The data provided by you will not be shared with anyone and will not be mailed to any person including government authorities without exclusive written permission from you.
Both Tally and Quickbooks are excellent software; however QuickBooks in a cloud-based software due to which both accountant and client can access it any point of time.
Outsourcing the accounting to Legal Workmate has the following advantages over physical accountant.
(I) Huge savings on the cost
(II) No need to maintain Infrastructure and separate desk for accountant.
(III) Access to a team of accountants and professionals.
Total number of entries will be based on the number of transactions entered in the Cash and Bank Book of the company.
No, In case if there are more number of entries then your selected plan, then you will be charged extra for that particular month only.
Standard communication time shall be between the office hours of the employees. That is from 10.30 Am to 6.30 PM for any time of queries.
If in case you are not satisfied with service, then there is no need to worry. Our team will provide all the records to you till date without any questions.