Bookkeeping involves recording daily financial transactions, while accounting encompasses the process of summarizing, analyzing, and reporting financial data. Both are essential for maintaining accurate financial records.
Bookkeeping & Accounting
Bookkeeping involves recording daily financial transactions, while accounting encompasses the process of summarizing, analyzing, and reporting financial data. Both are essential for maintaining accurate financial records.
- Financial Accuracy: Ensures accurate recording and reporting of financial transactions.
- Regulatory Compliance: Helps in meeting legal and tax obligations.
- Informed Decision-Making: Provides a clear picture of financial health for better decision-making.
- Financial Accuracy: Ensures accurate recording and reporting of financial transactions.
- Bookkeeping: Record daily transactions, categorize expenses, and maintain ledgers.
- Accounting: Summarize transactions, prepare financial statements, and perform reconciliations.
- Reporting: Generate financial reports and tax documents.
- Review: Analyze financial data and ensure compliance.
- Bookkeeping: Record daily transactions, categorize expenses, and maintain ledgers.
- Transaction records (invoices, receipts).
- Bank statements and reconciliations.
- Payroll records.
- Financial statements (balance sheet, profit & loss).
- Bookkeeping: Provide daily transaction recording and ledger maintenance.
- Accounting: Prepare and review financial statements and reports.
- Compliance: Ensure adherence to accounting standards and tax regulations.
- Consultation: Offer advice on financial management and planning.
- Bookkeeping: Provide daily transaction recording and ledger maintenance.
In India, bookkeeping involves the systematic recording of daily financial transactions, such as sales, purchases, receipts, and payments, in an organized manner.
Accounting goes beyond bookkeeping by analyzing, interpreting, and summarizing the recorded data to generate financial statements, tax returns, and reports.
While bookkeeping focuses on maintaining records, accounting provides insights into the financial health of the business for decision-making.
Financial statements are typically prepared monthly, quarterly, or annually, depending on business needs and regulatory requirements.
Legal Disclaimer
The information on this website is provided for general informational purposes only. It does not constitute legal or professional advice. We do not guarantee the accuracy, timeliness, or completeness of the information provided. You should always seek the advice of a professional consultant or attorney regarding your specific situation. Use of this website is at your own risk and subject to our Terms of Use.
SS Auditors understands the importance of client satisfaction and strives to provide high-quality auditing services. However, it is important to note the following refund policy:
Cancellation & Refund Policy
S S AUDITORS AND TAX CONSULTANTS believes in helping its customers as far as possible, and has therefore a liberal cancellation policy. Under this policy:
• Cancellations will be considered only if the request is made immediately after placing the order. However, the cancellation request may not be entertained if the orders have been communicated to the vendors/merchants and they have initiated the process of shipping them.
• S S AUDITORS AND TAX CONSULTANTS does not accept cancellation requests for perishable items like flowers, eatables etc. However, refund/replacement can be made if the customer establishes that the quality of product delivered is not good.
• In case of receipt of damaged or defective items please report the same to our Customer Service team. The request will, however, be entertained once the merchant has checked and determined the same at his own end. This should be reported within only same day days of receipt of the products. In case you feel that the product received is not as shown on the site or as per your expectations, you must bring it to the notice of our customer service within only same day days of receiving the product. The Customer Service Team after looking into your complaint will take an appropriate decision.
• In case of complaints regarding products that come with a warranty from manufacturers, please refer the issue to them. In case of any Refunds approved by the S S AUDITORS AND TAX CONSULTANTS, it’ll take 3-5 Days for the refund to be processed to the end customer.
Legal Disclaimer
The explanations and information provided on this page are general and high-level guidelines on how to write your own Shipping Policy. This article should not be relied upon as legal advice or specific recommendations, as we cannot foresee the exact shipping policies you wish to establish between your business and your customers. We recommend seeking legal advice to assist you in understanding and creating your own Shipping Policy.
Shipping Policy - The Basics
A Shipping Policy is a legally binding document that establishes the legal relations between you and your customers. It provides a framework for outlining your obligations and addressing various potential issues that may arise, and what happens in each case.
A Shipping Policy is good practice and benefits both sides—you and your customers. Customers benefit from being informed about what to expect from your service, while you benefit because clear Shipping Policies can attract more customers by eliminating uncertainties about shipping timeframes or processes.