Accounting, Bookkeeping and Reporting

Bookkeeping and accounting are two functions which are extremely important for every business organization. In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data.

Bookkeeping and accounting may appear to be the same profession to an untrained eye. This is because both accounting and bookkeeping deal with financial data, require basic accounting knowledge, and classify and generate reports using the financial transactions. At the same time, both these processes are inherently different and have their own sets of advantages.

  • Maintenance of day-to-day Accounts

  • Compilation and Preparation of financial statements

  • Cash Flow and Fund Flow statements – in accordance with the International Accounting Standards (IAS) and
    International Financial Reporting Standards (IFRS)

  • Accounts Reconciliation, Documentation

  • Clearing of back log Accounts

  • Back up of data in own cloud storage