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Accounting and Bookeeping Services in India
Every firm, be it a start-up or a well-established, Legal Liability Partnership, OPC, or Private
Limited Company each kind of business needs to maintain a record of Financial transactions.
This can be done by maintaining proper accounting and bookkeeping services.
Differences between Accounting and Bookkeeping:
Accounting is the process by which a record of earnings and expenses is maintained. An
accountant is a person, who will guide with financial advice and he is also well-versed in the
company’s financial situation.
In other words, bookkeeping is the process, in which a record of financial transactions is
maintained. It involves the preparation of financial statements such as balance sheets and
income tax statements. The Bookkeeper must ensure that employees are filing invoices and
expenses accurately. Also, managing the payroll comes under the scope of Bookkeeping.

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Accounting and Bookkeeping ServicesIndia

  • 1. Accounting and Bookeeping Services in India Every firm, be it a start-up or a well-established, Legal Liability Partnership, OPC, or Private Limited Company each kind of business needs to maintain a record of Financial transactions. This can be done by maintaining proper accounting and bookkeeping services. Differences between Accounting and Bookkeeping: Accounting is the process by which a record of earnings and expenses is maintained. An accountant is a person, who will guide with financial advice and he is also well-versed in the
  • 2. company’s financial situation. In other words, bookkeeping is the process, in which a record of financial transactions is maintained. It involves the preparation of financial statements such as balance sheets and income tax statements. The Bookkeeper must ensure that employees are filing invoices and expenses accurately. Also, managing the payroll comes under the scope of Bookkeeping.