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Accounting & Book Keeping Services
Complete Accounting & Bookkeeping Services Solutions
Are you looking for efficient Finance and Accounting Outsourcing Services? Then your search ends here!
When you partner with Azalea Advisors, you get a dedicated team of highly-qualified accounting professionals for various Accounting Outsourcing Services in Pune ready to work for your business.
If you are preoccupied with running your business and need help to devote more time to supervising your business accounting, our accounting outsourcing services in India can be the ideal solution.
Get Started with Azalea Advisors Today!
Frequently Asked Questions
1. What is the penalty if books of accounts are not maintained in accordance with Section 44AA?
Failure to maintain books of accounts as prescribed under the law may result in a penalty of Rs. 25,000. In some other cases, where a person has entered into international transactions and failed to maintain records of the same 2% of the value of every such international transaction may be charged as penalty.
2. Who is required to maintain books of accounts?
Books of accounts are required to be maintained by anyone whose gross receipts
are more than INR 1,50,000 in three preceding years for an existing profession. In
the case of a new job, if the gross receipts are likely to exceed the said
amount, then the rule applies to such professionals too.
Below-mentioned professions are required to maintain books of accounts:
Engineering
Medical
Legal
Accountancyg
Architectural
Interior Decoration
Technical Consultancy
Company Secretary
Film Artist – including an art director, music director, producer, actor, director,
story writer, costume designers, editor, singer, cameraman, dance director,
lyricist and screenplay or dialogue writer.
Authorised Representative – A person representing another person before
a tribunal for a fee or any authority constituted under the law.
However, it
does not include an employee of the person so represented or a person or someone carrying on the profession of accountancy.
For any person freelancing under the above-mentioned professions, if the gross
receipts exceed INR 1,50,000 then these rules apply to them.
are more than INR 1,50,000 in three preceding years for an existing profession. In
the case of a new job, if the gross receipts are likely to exceed the said
amount, then the rule applies to such professionals too.
Below-mentioned professions are required to maintain books of accounts:
Engineering
Medical
Legal
Accountancyg
Architectural
Interior Decoration
Technical Consultancy
Company Secretary
Film Artist – including an art director, music director, producer, actor, director,
story writer, costume designers, editor, singer, cameraman, dance director,
lyricist and screenplay or dialogue writer.
Authorised Representative – A person representing another person before
a tribunal for a fee or any authority constituted under the law.
However, it
does not include an employee of the person so represented or a person or someone carrying on the profession of accountancy.
For any person freelancing under the above-mentioned professions, if the gross
receipts exceed INR 1,50,000 then these rules apply to them.
3. What are the primary books of accounts to be maintained under the Companies Act 2013?
As per Rule 6F, the following specified books of accounts should be maintained properly:
Cash Book
Ledgers
Journal
Copies of receipts or bills
In case of a medical professional, daily cash register including details of
patients, fees receipts, services rendered, details of stock of medicines,
drugs, and other consumables used
Cash Book
Ledgers
Journal
Copies of receipts or bills
In case of a medical professional, daily cash register including details of
patients, fees receipts, services rendered, details of stock of medicines,
drugs, and other consumables used
4. How can I outsource finance and accounting services to Azalea Advisors?
Over the years, Azalea Advisors has helped a wide multitude of clients by providing cost-effective and reliable accounting outsourcing services in India. To avail our services, you can call us on +91 8554012300 / +91 8806012300 or email us at info@azaleaadvisors.com for any enquiries. Or, you may fill out our contact form, and our team will reach you at the earliest.
5. Why should I choose Azalea Advisors to outsource finance and accounting services?
When you partner with Azalea Advisors for your bookkeeping needs here are some benefits you can enjoy:
Competitive rates
Reduced dependency on internal resources
Instant access to our skilled resources
No administration hassles
No paperwork
Enhanced productivity and efficiency
Boost in revenue
More time to focus on core business area If you are looking to outsource bookkeeping services in India, try us, and you will not be disappointed.
Competitive rates
Reduced dependency on internal resources
Instant access to our skilled resources
No administration hassles
No paperwork
Enhanced productivity and efficiency
Boost in revenue
More time to focus on core business area If you are looking to outsource bookkeeping services in India, try us, and you will not be disappointed.
6. Do you use any software for managing finance and accounting?
We use a wide range of software for managing our clients’ bookkeeping and accounting needs. These include:
Payroll Processing Software: GreytHR, ZingHR, QuickBooks (Intuit) Payroll e
Bookkeeping Services Software: QuickBooks (Intuit), Zoho, Xero etc.
Tax Return Processing: Computax
If you use different accounting software, we have a highly-skilled team that can work on the choice of your software and effectively handle your finance and accounting function for you.
Payroll Processing Software: GreytHR, ZingHR, QuickBooks (Intuit) Payroll e
Bookkeeping Services Software: QuickBooks (Intuit), Zoho, Xero etc.
Tax Return Processing: Computax
If you use different accounting software, we have a highly-skilled team that can work on the choice of your software and effectively handle your finance and accounting function for you.
7. What is your pricing structure?
Our pricing structure depends on a lot of factors including, but not limited to, the nature of the business, Volute of business transactions and its complexity, the term of the contract, the technology, and so on. To get an exact quote, you may please contact our team, and we would be happy to discuss your requirements with you.
More Solutions for Your Business Growth
Azalea Advisors – Business & Finance Consulting