Accounting Firm in Bangalore with 7+ years of expertise
We are certified Accountants in Bangalore
We help many businesses in Bangalore with the right Accounting services
Why you should outsource Accounting services?
Outsourcing helps you to reduce time, energy, and resources. Also, it helps you to focus on business strategies that will bring more revenue as well as provide opportunities to scale & expand. Outsourcing helps to reduce the burden of hiring, onboarding & training staff and is easier to budget. According to Whiz Consulting, outsourcing accounting is projected at US$51.5 Billion by 2026.
Benefits of outsourcing Accounting services for your Business
Save Time
Accounting is a time-consuming job. Outsourcing to professionals helps to minimize effort & focus on other important areas of business.
Increase Profits
With proper & skilled accountants, businesses
can focus on cash burn and unplanned expenses to boost the company’s profits. Getting the same work from a contractor that you get from a full-time employee saves money and makes the business more profitable.
Reduce Expenses
Outsourcing accounting helps reduce accounting expenses rather than the 
cost of full-time employees. It is cheaper, more productive & efficient. With outsourced accounting, businesses save up to 60% of overhead costs.
Excellent Support
A skilled outsourced accountant helps with further decisions on financial matters and market trends.
Outsource Your Accounting To Actax India
What are the qualities of certified Accountants?
These are the qualities you should look for before outsourcing Accounting Services.
Experience
A firm having years of experience can handle all accounting functions of the business more easily & effortlessly. It can be done only because experienced accounting firms have qualified professionals who can help the company in all matters of accounting.
Confidentiality
It is the duty of a certified accountant to keep the data confidential. A client reveals all the business and finance related data to the person who deals with the Audit process of their business. If any of the data gt reveled, it will affect the financial status as wel the reputation of the company. Confidentiality is a professional principle that every accountant must follow.
While Outsourcing. it is important to consider the confidentiality of the firm by which you will get peace of mind that the data of your organisation is in safe hands.
Awareness
An accountant must be aware of the updates in government rules and laws. If the accountant is aware of the updates, he can inform the clients on time and can give advice on the same
Being Ethical
If you notice some discrepancies in the accounts, you should inform the company management to get rid of this. It will help the business to get out of the situation you don’t want to be in.
Accounting Services we Offer to Businesses in Bangalore
Accounting is the art of recording, classifying & summarising in a significant manner in terms of money, transactions, and events that are of financial character and interpreting thereof.
Our accounting services:
- Account Receivables & Payables
- Financial Interpretation, Classification & Reporting
- General & Expenses Ledger Management
- Financial Statement Preparation
- Invoicing & Processing Services
- All types of transaction processing
- Financial Statements Analysis & Advisory
- Inventory Management Services
What Are These Accounting Services?
- Account Receivables & Payables: Account payable is the amount a company owes and account receivables are the amount that is owed to the company.
- Financial Interpretation, Classification & Reporting: Financial statement analysis is the process of reviewing and analyzing a company’s financial statement to earn income in the future.
- General & Expenses Ledger Management: General ledger transactions are summaries of transactions made in the journal entries to sub-ledger accounts.
- Financial Statement Preparation: Trial balance, Income Statement, and Balance sheet
- Invoicing & Processing Services: It is the process that involves the complete cycle of receiving a supplier invoice, approving it, establishing a remittance date, paying the invoice, and then recording it in the general ledger.
- All types of transaction processing; Transaction processing is the range of daily activities central to any company’s accounting & financial management.
- Financial Statements Analysis & Advisory: Diagnostic & investigative study of Financial Statements.
- Inventory Management Services: Inventory management helps companies identify how much stock to order and at what time.
Why you should choose Actax India for Accounting Services?
Our team of experienced & professional accountants provides good service in the industry. Actax has over 6 years of experience in the industry and served numerous clients. We can help you evaluate and set up a new accounting system. We update our Accountants with the changing market scenario & are skilled to work on new tools & technologies. We are offering you various packages which have 360- degree coverage of essential services to keep aside you inside the shell of business profitability. By outsourcing your requirements to us, you can save about 50% of your cost and can concentrate more on other core strengths.
What You Should Expect from Actax India about Accounting Services?
Right Assistance:
Actax experts will provide you right assistance regarding all necessary information.
Service for International business:
We also offer services for those clients who are having outside India transactions that are more complex than domestic transactions.
Transparent & Expertise:
We are truthful & transparent. All your data will be safe with us. Your privacy is our supreme priority.
All-time support:
Our experts are available for help anytime. Customers are free to contact their experts to discuss & clarify their doubts.
Outsource Your Accounting To Actax India
Little Bit About Actax India -
Actax has boundless knowledge in accounting exercises like Auditing, Tax filing, GST Registration & Filing, and other financial activities. We ensure that our accounting team will develop a customized package for the requirements of your organization. Our accounting service involves tasks that require a greater level of expertise and provide further insight into the financial performance of your business. We can help you evaluate and set up new accounting systems or transition for your Business.
Frequently Asked Questions for our Accounting Services
What are the types of Accounting?
(a) Financial accounting: It is the process of recording, summarising, and reporting the business transactions that take place over a period of time.
(b) Administrative accounting: In Administrative accounting, only the administrative aspect of the company is focused.
( c) Tax accounting: Tax accounting is the method of accounting that is focused on taxes.
(d) Cost accounting: It records all the costs incurred in the business.
(e) Management accounting: It records all the economic & financial information of the company to assess capital inflows & outflows.
What are Accounts Payable vs Account Receivables?
Account payable is the amount a company owes to suppliers and other creditors. Account payables are liabilities.
Account receivables are the amount which is owed to the company by the customers. Accounts receivable are assets.
What is deferred tax liabilities?
Deferred tax liability signifies that a company may pay more tax in the future due to current transactions.
What is a bank reconciliation statement?
Bank reconciliation statement is a statement that helps the account holders to check and track the records of transactions that they have made. It is prepared to match the passbook balance and cash book balance
Can you explain the basic accounting equation?
Assets = Liability + Owners Equity.
What is a Balance sheet?
Balance sheet is a statement that states all assets & liabilities of the company at a certain point.
What is the basic difference between accounting & auditing?
Accounting is all about recording daily business activities. Auditing is checking whether all these recorded events have been noted own correctly/not.
What is the difference between a Trial balance & Balance sheet?
A Trial balance is a list of balances in the Ledger accounts. It can be used to check the arithmetical accuracy in recording & posting.
A Balance sheet is a statement that shows the liabilities, assets, and equity of an organization. The Balance sheet is used to ascertain the financial position on a particular date.
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