Accounting
Accounting is that the systematic process of recording, analyzing, and interpreting financial transactions. it is the responsibility of every business – whether large or small to furnish their accounting records to the tax Department. Usually, start-ups ignore and after few years, they have to face problems. To avoid problems like raids and fines, it is often good to require care of your financial records and furnish details to the government agencies.
Preparation Of Financial Statements
Financial statements present the financial activities and health of the business in a clear and concise manner. The disclosures are made as per relevant laws, regulations, and as needed by the accounting principle that’s used. Financial statements record all the financial data of the business when evaluated and critically analyzed becomes more useful to varied stakeholders. The preparation of monetary statement places a high emphasis on the accuracy, reliability, and relevance of monetary data.
Preparation Of Monthly Reports
The audit report is a statement or report provided by an auditor so as to assess a company’s assets and liabilities and determine the present financial status of a company and evaluate its future. It includes all the financial aspects of a company. The audit report usually includes financial statements for 12 months. An audit report is a very necessary document and it’s expected by the law: • If the company is publicly traded on the stock market or exchange • If the firm comes under the purview and protection of the Securities and Exchange Commission (SEC).
- A-202, Hiral Greens Co-Op. Hsg. Society Ltd., Siddhivinayak Nagar, Pandurangwadi Road, Near Lodha Complex, Mira Road East, Dist. Thane – 401107.
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