ACCOUNTING & BOOK-KEEPING
Accounting & Book-Keeping Service
Get your accounting done by
Professionals at just Rs 999/month
Keep track of all your financial transactions and maintain complete transparency in your business activities with our Accounting and Bookkeeping Services.
To make any strategic decision for an Entity, all the Owners/Managers need to have a clear idea of where their organisation stands financially.
This is when Accounting and Bookkeeping come into the picture. While you can manage Accounting and Bookkeeping in-house, it is always advisable to take expert help. Choose the best suitable package for you with AIWS ACCOUNTEH !
Why Choose AWIS?
Highly Scalable & Transparent Rates
We provide an affordable service for Private limited company registration in India with almost nil professional fees. This helps you to save nearly 60% of the total cost without compromising the quality of work.
Always available
Our services are offered on the cloud, which means that you'll have 24x7 access to your accounts and can be sure of confidentiality. Further, if you have any queries or problem then you can contact your assigned manager during the normal business hours.
Providing Start to End Book-keeping Services
Like other online Bookkeeping service providers, our service is not restricted only to Bookkeeping entries in the month-end by collecting the data. Our assigned manager also helps you in generating the invoice and automating recurring bills whenever required on any business day in business hours.
Process of BookKeeping
Assigning of Manager
Based on your business type a specific account manager will be allocated to you.
Collection of Details
An account manager will collect all the required details from you.
Preparation of Accounts
Bookkeeping will be carried out in Tally or QuickBooks as per the requirements of the client.
Delivery of output
Delivery of financial statements and all the accounting records.
MONTHLY ACCOUNTING PACKAGE
AIWS Pricing
Monthly Bookkeeping Package
For Turnover upto INR 25 Lakhs
₹ 999/mon
No hidden costs – One comprehensive package
- Monthly Accounting
- Bank Reconciliation
- Financial Statements
Add-Ons
Monthly GST Compliance
Rs 1000/- PM
Monthly TDS Compliance
Rs 500/- PM
Monthly Bookkeeping Package
For Turnover upto INR 75 Lakhs
₹ 1,499/mon
No hidden costs – One comprehensive package
- Monthly Accounting
- Bank Reconciliation
- Financial Statements
Add-Ons
Monthly GST Compliance
Rs 1500/- PM
Monthly TDS Compliance
Rs 750/- PM
Monthly Bookkeeping Package
For Turnover upto INR 1.5 CR
₹ 2500/mon
No hidden costs – One comprehensive package
- Monthly Accounting
- Bank Reconciliation
- Financial Statements
Add-Ons
Monthly GST Compliance
Rs 1500/- PM
Monthly TDS Compliance
Rs 1000/- PM
IMPORTANT QUESTIONS
Regarding Process
1. I am required to Issue Invoice in between month then how can I do that ?
You can issue recurring Invoice yourself through billing software. Our assigned manager will create the customer account for GST and TDS compliances. In case if you are not able to generate then you can tell your assigned manager to issue the Invoice.
2. What will be the Interval of communication in monthly Bookkeeping ?
Updating of Bookkeeping records depends on the plan selected by you. So that may be on 30 days Interval, 15 Days Interval or 10 Days Interval.
3. What if I have 2 to 3 more transactions then my selected package ?
Don't worry in case of few excess entry's there will be no additional charges and you can continue under the same plan.
Compliance Service Provided by AIWS
- Bookkeeping for Freelancers
- Bookkeeping for E-commerce Sellers
- Bookkeeping for Dropshipping Business
- Bookkeeping for Traders & Manufacturers
- Bookkeeping for Service Providers
- Basic bookkeeping and compliance requirements for Freelancers.
Reconciliation of bank statement and payment gateway statements.
Caring out monthly bookkeeping on software like QuickBooks or Tally.
Filling of GST return, GST refund application and quarterly credit reconciliation.
Monthly TDS calculation and quarterly TDS returns.
Quarterly advance tax calculation.
Monthly management reports like profit and loss account, balance sheet, cash flow statement, receivable statement etc.
- Documents required for bookkeeping.
Bank statement & payment gateway statement if any.
Details of invoice raised and invoice received.
Cash expense details in excel sheet.
Bookkeeping for Freelancers
- Basic bookkeeping and compliance requirements for Freelancers.
Reconciliation of bank statement and payment gateway statements.
Caring out monthly bookkeeping on software like QuickBooks or Tally.
Filling of GST return, GST refund application and quarterly credit reconciliation.
Monthly TDS calculation and quarterly TDS returns.
Quarterly advance tax calculation.
Monthly management reports like profit and loss account, balance sheet, cash flow statement, receivable statement etc.
- Documents required for bookkeeping.
Bank statement & payment gateway statement if any.
Details of invoice raised and invoice received.
Cash expense details in excel sheet.
Bookkeeping for E-commerce Sellers
- Basic Bookkeeping and compliance requirements for E-Commerce Sellers.
Monthly bookkeeping based on the final summary statement of the e-commerce operator like Amazon, Flipkart, Myntra etc. (Customer can also select one to one sales entry).
Reconciliation of the TCS deducted by the e-commerce operator.
Monthly GST return and Quarterly TDS returns.
Monthly reports like P&L account, balance sheet, cash flow statement and management reports.
- Documents required for bookkeeping.
Summary statement of the e-commerce operators.
Bank account statement.
Details/copy of Invoice received.
Bookkeeping for Dropshipping Business
- Basic bookkeeping and compliance requirements for Dropshipping business.
Monthly Bookkeeping based on the final summary statement of all the sales in software like QuickBooks or Tally. (Customer can also select one to one sales entry).
Monthly GST return and Quarterly TDS returns.
Monthly reports like P&L account, balance sheet, cash flow statement and management reports.
- Documents required for bookkeeping.
Summary statement of the e-commerce operators.
Bank account statement.
Details of Invoice received from traders and manufacturers.
Bookkeeping for Traders & Manufacturers
- Basic bookkeeping and compliance requirements for Small Traders and Manufacturers.
Caring out monthly bookkeeping on software like QuickBooks or Tally.
GST, TDS and TCS compliances.
Monthly reports like P&L account, balance sheet, cash flow statement and management reports.
Monthly tax calculation and reports.
- Documents required for bookkeeping.
Bank account/Payment gateway statement.
Details of Invoice received from traders and manufacturers.
Details of all the invoice issued.
Bookkeeping for Service Providers
- Basic bookkeeping and Compliance requirements for Service Providers
Caring out monthly bookkeeping on software like QuickBooks or Tally.
GST, TDS and TCS Compliances.
Monthly reports like P&L account, balance sheet, cash flow statement and management reports.
Monthly tax calculation and reports.
- Documents Required
Bank account statements.
Details/copy of all the invoice received.
Details of invoice issued.
Results in Numbers
+
Companies
+
Clients
Years of Experience
+
Employees
ADVANTAGES OF FILE
Bookkeeping Process
Complete & Systematic Record
Bookkeeping is done based on generally accepted principles and a scientific way of presentation of business transactions in books of accounts. It is a complete and accurate recording of all business transactions. Since one cannot remember all the transactions, Bookkeeping becomes vital to get the right idea of financial statements.
Compliance with Rules & Regulations.
As per the Companies Act, 2013, it is mandatory for every company to maintain proper books of accounts as per the prevailing bookkeeping standards. As per the Income Tax Act, if the business or company makes a profit of more than INR 1.2 Lakhs or turnover of INR 10.00 Lakhs annually and does not file ITR on the presumptive basis are required to maintain books of accounts.
Helps in Raising Loan
Bookkeeping helps you to keep accurate records for financial institutions and tax preparers. As no businessperson can expect a loan or overdraft facility without producing proper evidence of income, in the form of accounting records. Due to this, applying for a loan will require a particular company's financials and accounting records.
The requirement for tax purpose
Accounts are necessary for recording the correct income and expenses. So, in the absence of proper accounting records, it would be tough to prove the exact income to tax authorities on which the tax could be levied. Even in the case of GST, it is mandatory to maintain proper accounting records for eight years.
Personnel decisions
Accurate Bookkeeping records can also help you to make personnel decisions. Due to proper accounting records, one can know where his money is going and how much should he be spending on various areas of your business. Due to which you will be able to make many decisions as to what shall be remuneration drawn and whether to withdraw or deposit additional funds in business.
Monitor business financial health
Bookkeeping helps you to monitor the financial health of your business. Too many expenditures without adequate cash influx can be troublesome for any business. If detailed Bookkeeping isn't part of your modus operandi, how will you ever know if your business is succeeding or failing.
Frequently Asked Questions
How can I issue an invoice between the month ?
What will be the interval of communication in monthly bookkeeping ?
Updating of Bookkeeping records depends on the plan selected by you. In case if the numbers of entries are less than it, then updating will be done every month. If the transactions are high then the limit, then it will be done at an interval of 15 days.
What if I have 2 to 3 more transactions than my selected package ?
Don't worry in case of few excess entry's there will be no additional charges and you can continue under the same plan.
How will be the number of entries will be counted, can you explain it with example ?
Number of entries will be counted based on the total entries in your bank and cash books.
For, eg, Sale of INR 50,000/- is made to Global Imperial Private Limited on credit basis for 10 days by charing GST at 18% rate.
(I) Global Imperial Private Limited Dr INR 59,000/-
To sales Cr INR 50,000/-
To GST Payable Cr INR 50,000/-
(II) State Bank Account Dr INR 59,000/
To Global Imperial Private Limited Cr INR 59,000/-
This entire effect of sales will be counted as a Single Entry for the purpose of calculation of accounting fees.
Is it mandatory to obtain gst registration if I am only providing services to the clients within india ?
If the services are provided only in India and the total turnover does not exceed INR 20 Lakhs then there is no requirement to obtain GST registration.
Is it mandatory to obtain gst registration if I am only providing services to the clients outside india ?
Yes, GST registration & Filling of GST return is mandatory in the case of export of service. However in case if you are obtaining the fees in the form of foreign currency then Zero rates of GST will be charged.
What are the compliances required for small business ?
You can ask us by dropping a message or sending us the mail or calling us. Our team will guide you with the compliances that are required.
Bookkeeping is a simple process. Why can't we maintain it ourselves ?
Most of the new business look for saving money in the area of the compliance and try to do it by themselves which later on results in delay in compliance and wastage of lot of time of owner.
Do I need to buy a bookkeeping software for my company ?
If you are availing Bookkeeping service from us, then there are zero software fees for Tally base Bookkeeping. You can also avail cloud base Bookkeeping software that is QuickBooks at negligible rates.
How secure is my financial data with you ?
No, before filling for the trademark our team shall carry a Trademark Search for the proposed trademark to assure that no objections are received for your trademarkLegal Workmate follows the best practice of maintaining confidentiality and data protection. The data provided by you will not be shared with anyone and will not be mailed to any person including government authorities without exclusive written permission from you.
What is the difference between tally and quickbooks ?
Both Tally and Quickbooks are excellent software; however QuickBooks in a cloud-based software due to which both accountant and client can access it any point of time.
Why shouldn't I hire an accountant and avail service from legal workmate ?
Outsourcing the accounting to Legal Workmate has the following advantages over physical accountant.
(I) Huge savings on the cost
(II) No need to maintain Infrastructure and separate desk for accountant.(III) Access to a team of accountants and professionals.
How will number entries be counted ?
Total number of entries will be based on the number of transactions entered in the Cash and Bank Book of the company.
What if there are more enteries in a particular month, will I be charged extra for the entire year ?
No, In case if there are more number of entries then your selected plan, then you will be charged extra for that particular month only.
What will be the standard communication time for any query ?
Standard communication time shall be between the office hours of the employees. That is from 10.30 Am to 6.30 PM for any time of queries.
What if I want to cancel my plan during the service period ?
If in case you are not satisfied with service, then there is no need to worry. Our team will provide all the records to you till date without any questions.
What our Customers Say About Us ?
I suggest Aiws Accountech for providing excellent financial advice and helped me navigate complex tax regulations.
Paresh Parmar - Proprietor
As a CEO, I highly recommend Aiws Accountech because of their expertise and professionalism .
ASHIYA GUHA - CEO
I had a great experience with this accounting firm known as ‘Aiws Accountech’. They handled my bookkeeping efficiently and kept me well-informed throughout the process. Trustworthy and reliable!
