Delhi is the capital city and wins the sixth position in the world’s top ten best performing metro economies. The city has many small and big industries, hospitals, markets, malls and businesses. It is because Delhi is well connected by railways and roadways with all the states of India and has the busiest airport “Indira Gandhi International Airport” that provide the fastest transportation services. Because of connectivity it attracts many businesses and provides excellent growth opportunity to them. As businesses grow demand for Accounting Companies also grows. Accounting firms in Delhi plays a significant role in the growth of any business. Some of the most common services offered by accounting firms are:
Accounts Receivable: When money comes in the company by means of sales and due payment it should be recorded at the same time. An accounting firm dedicates a person or gets in touch with the company’s recruited person to keep the records of all the money that has entered into the company.
Accounts Payable: When money goes out of the company for the reasons such as payment to vendors for supplying stock, money paid for utilities and taxes etc. Such transactions are important to calculate the investment, expenses and profit & loss of the company.
Payroll: A company never grows if employees don’t get their salaries on time. You need an accounting and auditing services that take care of right and timely distribution of salaries in each department.
Tax Audit: An internal audit consulting firm takes care of all the transactions and makes your financial report clean with no mistakes. It may be hard for you to trace and rectify the technical glitches company accounts. Any mistake can invite an income tax audit. Hence an audit firm in Delhi is needed to encounter all such technical things and keep you away from an income tax audit.
Financial Reports: An income tax accountant helps to make your business financial report impressive that can attract investors to investors and bankers to provide financial help. Every business needs loans and expansion for its growth.
Dues and Balances: Being a business entity you must be busy in handling the expansion of your business or dealing with new clients. But if you could not get time to calculate the dues and balances, you cannot calculate profits out of your business. That’s why you need an accounting firm that does all these on your behalf and keeps a record of every single penny credited or debited.
Taxation: Obviously your company encounter with many taxes such as income tax. Sale tax etc. It is quite possible that you have not got the time to prepare your income tax return, now what you will do in those last minutes. To prevent your company from penalties and submit you’re ITR and other taxes on time, you need to hire a CA firm in Delhi.
Taxation is a tough nut and confusing for a lay man to understand several types of taxes such as direct tax, service tax, value added tax, common duty & octroi tax, exercise duty and many more. You need a qualified and certified people who can solve the knots of financial glitches. For running a successful business and growth of your company you need to hire one of the top accounting firms in Delhi.