Qualified Munim Group

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+91-74199-00446

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+91-74199-00446

Accounting and Bookkeeping

At Qualified Munim Group, we offer professional accounting and bookkeeping services to ensure that your financial records are accurate, up-to-date, and compliant with legal and regulatory requirements. Our team of experienced accountants and bookkeepers will work with you to understand your unique business needs and provide customized solutions to help you stay on top of your finances.

Our accounting and bookkeeping services include maintaining accurate financial records, preparing financial statements, managing accounts payable and receivable, reconciling bank statements, and monitoring cash flow. We use advanced accounting software to ensure that your financial information is always accessible and up-to-date.

By outsourcing your accounting and bookkeeping to us, you can save time, reduce costs, and focus on growing your business. Our services are designed to help you make informed business decisions, minimize tax liabilities, and improve your overall financial performance. Whether you are a small startup or a large corporation, we have the expertise and resources to meet your accounting and bookkeeping needs.

Choose us

Why Should You Choose Qualified Munim Group?

  • Expertise: With over 10 years of experience, Qualified Munim Group has a team of experts who provide a wide range of services to startups and businesses.
  • Cost-effective solutions: We offer our services at affordable rates to ensure that every entrepreneur and business owner can benefit from our expertise.
  • Timely service delivery: Our team ensures timely delivery of services without compromising on quality.
  • Client-centric approach: We prioritize our clients’ needs and requirements and offer personalized solutions to cater to their unique business needs.
  • Simplified processes: We strive to simplify complex processes such as taxation, compliance, and registration to make it easier for our clients to focus on their core business activities.
  • Technology-driven solutions: We leverage technology to provide efficient and innovative solutions to our clients, ensuring that they stay ahead in the competition.
  • Trusted partner: Our clients trust us as their partner in growth, and we ensure that we provide them with the best possible support and guidance to achieve their business goals.
  • Dedicated Relationship Manager and On-call Support
  • Avail exclusive partner offers on web hosting, payment gateways, etc.
the process

Process of Accounting and Bookkeeping

Step 1

Recording Transactions

  • All the financial transactions are recorded in the accounting software or ledger books on a daily basis.

Step 2

Classifying Transactions

  • The recorded transactions are classified into various categories like revenue, expenses, assets, liabilities, equity, etc. This helps in the proper tracking of the financial activities of the company.

Step 3

Ledger Posting

  • The classified transactions are then posted in the respective ledger accounts to maintain the accuracy of the accounting records.

Step 4

Trial Balance

  • A trial balance is prepared to ensure that the debit and credit entries match. This is done to identify and rectify any errors in the accounting records.

Step 5

Financial Statements

  • Based on the trial balance, financial statements like the income statement, balance sheet, and cash flow statement are prepared to evaluate the financial health of the company.

Step 6

Closing Entries

  • At the end of each financial period, closing entries are made to transfer the balances of revenue and expense accounts to retained earnings.

Step 7

Financial Analysis

  • Financial analysis is carried out using the financial statements to analyze the company's financial performance, identify trends, and make informed decisions.
DOCUMENTS CHECKLIST

Documents Required for Accounting and Bookkeeping

01

Bank statements

Records of all financial transactions.

02

Invoices

Document for goods and services sold.

03

Bills

Document for expenses incurred.

04

Receipts

Copy of Proof of payments made.

05

Payroll records

Records of employee salaries and taxes.

06

Agreements

Contracts and agreements - Legal documents related to business.

07

Tax Returns

Filed tax returns for the current year.

08

Financial Statements

Balance sheet, profit & loss statement, etc.

Benefits

Benefits of Accounting and Bookkeeping

Better Financial Management

Maintaining accurate financial records helps businesses better understand their financial health and make informed decisions about budgets, investments, and expenses.

Compliance with Regulations

Accurate bookkeeping ensures that a business complies with financial regulations and avoids potential penalties or legal issues.

Improved Tax Preparation

Good bookkeeping practices make it easier to prepare and file tax returns, reducing the risk of errors and potential audits.

Better Decision-Making

Accurate financial data helps businesses make informed decisions about future investments, hiring, expansion, and other key areas of operation.