BOOK KEEPING

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Trusted Accounting Services & Book Keeping Service provider in Delhi, complete your Book writting by Luxe in Delhi NCR

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Find information about BOOK KEEPING Process, BOOK KEEPING Plans, Registration Procedure, Documents Required,

BOOK KEEPING Process Fees

BOOK KEEPING

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation.The following are the main objectives or functions of book keeping: 1) To Identify Financial Transactions: Book keeping identifies financial transactions from a large number of business transactions to keep their record

If you would like to get the BOOK KEEPING job completed all by yourself, it would be time-consuming and confusing. There isn't one single source of information that can clear your doubts as policies and procedures change over time. We at Luxe, are specialized in this field and have a good experience and expert knowledge on getting things done smoothly and hassle-freely.

You could plan your business by sipping a cup of coffee peacefully while we take care of the registration process for your ambitious and successful BOOK KEEPING.

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Frequently Asked Questions

What are the types of book keeping?

Types of Bookkeeping Systems. There are two types of bookkeeping systems used in recording business transactions: single-entry bookkeeping system and double-entry bookkeeping system.

Why is book keeping important?

Keeping your financial records organized makes it easier to locate and provide to appropriate parties. Bookkeeping is important because it helps with business analysis. It is a tool used by management to analyze business performance. The product of bookkeeping is financial statements.

Proper bookkeeping gives companies a reliable measure of their performance. It also provides information on general strategic decisions and a benchmark for its revenue and income goals. In short, once a business is up and running, spending extra time and money on maintaining proper records is critical.

Many small companies don’t actually hire full-time accountants to work for them because of the cost. Instead, small companies generally hire a bookkeeper or outsource the job to a professional firm. One important thing to note here is that many people who intend to start a new business sometimes overlook the importance of matters such as keeping records of every penny spent.

What is the difference between accounting and book keeping?

In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data. Bookkeeping and accounting may appear to be the same profession to an untrained eye.