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Your Questions, Answered

FAQs

Your Questions, Answered

  • Why should I outsource bookkeeping?
    Outsourcing reduces costs, saves time, ensures accuracy, and allows you to focus on business growth.
  • What types of bookkeeping solutions do we offer?
    We provide single-entry, double-entry, cloud-based, and tailored bookkeeping solutions to meet your specific needs.
  • Can we provide you with monthly financial reports?
    Yes, we deliver monthly financial statements, balance sheets, and profit & loss reports to support your decision-making process.
  • Can we assist you with company registration?
    Yes, we assist with registrations under ROC, GST, PF, Shop Act, and other statutory departments to ensure your business is compliant from the start.
  • Can you help with project finance for start-ups?
    Yes, we provide guidance on project finance, CC loans, and financial structuring.
  • Do you provide support in maintaining records for start-ups?
    Yes, we offer training and outsourcing solutions for bookkeeping, tax compliance, and MIS setup.
  • Who needs GST registration?
    Any business with a turnover above the prescribed limit or involved in interstate supply of goods/services needs GST registration.
  • Do you help with GST return filing?
    Yes, we provide complete assistance in monthly, quarterly, and annual GST return filing.
  • Can you assist with GST audits?
    Yes, we handle GST audits and compliance reviews to ensure error-free reporting.
  • Do I need professional help for income tax filing?
    Yes, professional assistance ensures accurate compliance, maximum deductions, and timely filing to avoid penalties.
  • Can you represent me in case of an income tax notice or assessment?
    Yes, we assist clients in responding to notices, assessments, and appeals before tax authorities.
  • Do you help with tax planning?
    Yes, we provide tax planning and advisory services to minimize liabilities within legal frameworks.
  • Why is an internal audit important?
    It ensures that your business operations, financial controls, and compliance processes are effective and risk-free.
  • How is an internal audit different from a statutory audit?
    Internal audits focus on internal controls and operational efficiency, while statutory audits are legally mandated for compliance.
  • Who conducts the internal audit?
    An independent professional team conducts the internal audit to maintain objectivity.
  • Which businesses are required to undergo a statutory audit?
    Any company registered under the Companies Act, 2013 must undergo a statutory audit, regardless of its turnover or profit.
  • What documents are needed for an audit?
    Financial statements, invoices, bank statements, ledgers, statutory registers, and supporting records are required.
  • What is the recommended frequency for conducting audits?
    Statutory audits should be conducted annually, while internal reviews can be performed quarterly or half-yearly for optimal oversight.
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