It is a part of accounting process that records the financial affairs of the company in the form of journal entries. It is a means of entering data into the accounting system. Therefore, accurate, reliable and complete book-keeping becomes a significant source of information for any business. Gupta Puneet & Associates is known for providing the best accounting and book-keeping services in Pan India.

Importance of Book-keeping

Organized Accounts: An organized record of financial transactions plays an essential role in tracking their income/revenues and expenses.

Timely Preparation of Financial Results: With book-keeping, it becomes simple to prepare the financial statements, i.e., Profit and Loss Account, Balance sheet, Cash flow statements and Fund flow statements.

Better Overview of the business: Book-keeping provides an overview of the business from time to time and therefore, helps firms to examine their present situation.

Future Planning and Action: Book-keeping is the preparation of systematic accounts, which helps the businesses to shape up their future budget.

Better Decision Making: Book-keeping services are a must for analyzing the financial data. They help in making profitable decisions.