What is accounting?

Accounting is the process of recording all the financial transactions either physically in papers or electronically using computer softwares

Significance of accounting

For any organization whether profit oriented or not, accounting is an important mechanism to operate effectively. How big the organization be, incase of lack of accounting there may be negative implications in various aspects including fraud and theft.

Components covered under this service

Accounting and Bookkeeping includes

• Recording all the transactions including purchase and sales
• Account Receivables
• Account Payables
• Preparation of Financial Statements