Book Keeping & Accounting

Bookkeeping is a must for every business who wants to succeed financially and do things right. It’s the process of recording financial transactions such as purchases, sales, receipts and payments, either by individuals or organizations. As the bookkeeper records these transactions, the accountant creates reports based on these records, which is used to file forms with the government, or for evaluation and decision-making purposes within the company. Because of this, bookkeeping needs to be done with accuracy, timeliness and efficiency.

With years of experience doing book keeping and general accounting for our clients, BMS Consultancy has developed tools and ways to make this tedious process accurate and efficient.

We can help you save money, scale your finance operation more efficiently and focus on other critical financial management functions.

The benefits you will gain by handing us your Accounts

  1. Focus on Your Core Business
  2. Staffing flexibility
  3. Cost savings and efficiency
  4. Operational control
  5. Enables innovation

Book Keeping Services includes

  1. Setting Up Chart of Accounts
  2. Billing for goods sold or services
  3. Recording receipts from customers
  4. Verifying and recording invoices from suppliers
  5. Paying suppliers
  6. Processing employees' pay and the related governmental reports
  7. Recording depreciation and other adjusting entries
  8. Entering Bank Details
  9. Allocating the account entries
  10. Value-added bookkeeping
  11. Month-end or year-end closing

How BMS Consultancy can Help You?

Given India’s complex and bureaucratic accounting, tax and regulatory environment, businesses face significant challenges in their attempts to establish operations here and then remain compliant. Companies are faced with the difficult task of bringing together a team of experts and coordinating their services, making it a tedious and expensive process while not guaranteeing the elimination of compliance risks.

Tax planning & Returns

The service involves helping the clients make necessary periodic income tax, GST and other returns. It also includes helping the client make sound investment decisions and help him avail various rebates and deductions.

Cash Forecasting

The service involves analyzing the cash requirements of the business and making cash forecasts for planning the future.