🎯 Ditch the Accounting Headaches, Focus on What You Do Best! 💼
Are you a goods trader, professional, consultant, share market trader, or individual freelancer feeling overwhelmed by the demands of financial record-keeping?
Let Prokhata.com take the burden off your shoulders with our expert accounting services, tailored to meet the unique needs of your business!
✅ What We Offer:
- 📝 Comprehensive Year-Round Entry Recording: We meticulously record up to 1000 transactions throughout the financial year, ensuring accuracy and compliance.
- 📚 Detailed Ledger Account Preparation: Gain a clear picture of your financial standing with our preparation of your Cash, Sales, Purchases, and Expenses ledgers.
- 📊 Essential Financial Statements: Receive a comprehensive financial overview with our preparation of your Receipts and Expenses Statement/Profit & Loss Account, Balance Sheet, Bank Reconciliation Statement, and Statements of Account Receivables and Payables.
- 📈 Stock Summary: Effectively manage your inventory with our detailed stock summary.
🎯 Why Choose Prokhata.com?
- 👨💼 Expert Guidance: Benefit from the knowledge and experience of seasoned accounting professionals who understand the intricacies of financial management.
- 🕒 Time and Cost Savings: Focus on your core business operations and leave the accounting to us. Eliminate the expense of employing a full-time accountant, particularly beneficial for startups with limited transactions.
- 🔍 Transparency: We maintain open communication throughout the process, informing you of the specific documents required based on your individual needs.
- 🌐 Remote Convenience: Access our accounting services from anywhere through our online platform.
- 🛠️ Flexibility: We can work with your existing accounting software, provided it has remote access capabilities.
- 📦 Tailored Packages: Choose the package that aligns with your business’ transaction volume. We offer flexible options with nominal additional fees for transactions exceeding the package limit.
- 🔒 Peace of Mind: Ensure accurate and compliant accounting, safeguarding your business from potential financial setbacks caused by incorrect expense classification.
📝 How It Works:
- 💼 Select Your Plan: Choose the plan that best suits your needs.
- 📞 Consultation: Discuss your specific accounting requirements with our expert team during a dedicated call session.
- 📤 Document Upload: Securely upload all necessary financial documentation.
- 📑 Receive Your Financial Statements: Our experts will meticulously prepare and deliver your comprehensive financial statements within the estimated timeframe.
❓ Frequently Asked Questions:
📃 Is maintaining a record of all financial transactions mandatory?
Yes, the Income Tax Act mandates compulsory audits in certain cases, which are contingent upon properly maintained financial records. The Companies Act also stipulates that every company must file an annual return with the Registrar of Companies, regardless of profits or losses incurred during the financial year.
📄 Why do I need the services of an accountant?
Accountants possess a deep understanding of accounting principles and ensure the accurate classification of expenses as capital or revenue. This is crucial as incorrect accounting can result in financial losses. While accounting tools can be helpful, human expertise remains invaluable.
🚀 I recently launched my startup and have limited transactions. Should I hire a full-time accountant?
Recognizing that most startups don’t require a dedicated full-time accountant due to lower transaction volumes and cost considerations, we’ve designed this package to cater specifically to your accounting needs. Let our experts handle your accounting so you can focus on growing your business without the overhead of a full-time employee.
📊 What are the charges for exceeding the transaction limit in my package?
Our packages cover a specific number of transactions. If your transactions exceed the limit (e.g., 300 for the current package), a nominal fee of Rs.10 per additional transaction applies. Our experts will guide you in selecting the most cost-effective plan based on your transaction volume.
📅 Will the accountant visit my office in person?
Our accounting services are delivered remotely using online software, eliminating the need for in-person visits. Our experts are available via call and email to address any queries.
🖥️ Can your experts work with my existing accounting software?
Yes, as long as your software can be accessed remotely. Simply provide us with access, and our experts will take care of your accounting needs.
📅 Can the same plan cover multiple years if my transactions are within the limit?
No, as every year has different opening and closing entries and financial statements are prepared separately for each year. You have to buy a separate plan. You’ll need to provide all relevant vouchers, bank statements, and documentation for the chosen period. The service is delivered as a one-time completion and not on an ongoing basis.
🔄 Can your expert use my accounting software license?
Our experts are proficient in popular accounting software such as Tally & QuickBooks. We will guide you in sharing the data backup of your transactions, and the final processed data backup will be shared with you.
📑 What financial reports will I receive?
You’ll receive all standard financial reports generated by the accounting software, including:
- Trial Balance
- Balance Sheet
- Profit and Loss Account
- Accounts Receivables and Payables
🔍 Do I get software access with the package if I don’t have any accounting software?
If you don’t have accounting software, our experts will use popular software like Tally & QuickBooks to prepare your accounts. The package only includes the final data backup. You’ll need to purchase a software license separately.
🛠️ Can I specify the accounting software used?
Currently, we work with QuickBooks and Tally. For requests involving other software, we’ll assess feasibility with our experts and advise accordingly.
📜 What are B2B invoices?
B2B (business-to-business) invoices document taxable supplies to registered taxpayers.
