Accounting

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What is Accounting

The basic meaning of “Accounting” is “maintaining financial accounts” per year. Bookkeeping and Accounting can be divided into several fields including financial accounting, managing general accounting,professional accounting, chartered accountant, auditing, tax accounting and cost accounting.

Every business needs to maintain their account every financial year. All organizations are required to present their records to the Income Tax (IT) Department. Keeping up the books in-house positively is a costly issue, and completing it with online measures is much more easy and better way.

Accountants can handle more advanced tasks and they use advanced software to complete their work and maintain records.

This process can be made easy with the help of LegalDocs accounting online service, with us you can handle your accounts with ease.


Additional Read :What is Accounting?
Financial Accounting
Management Accounting
Basic Accounting Principles

Why online accounting

1. Keeping up the books in-house positively is a costly issue.
2. completing it with online measures is much more easy and better way.
3. Accountants can handle more advanced tasks and they use advanced software to complete their work and maintain records. This process can be made easy with the help of LegalDocs accounting online service, with us you can handle your accounts with ease.

Additional Read :How to Manage Business Accounting?
Top reasons to outsource Accounting?

Process for Accounting Services Online

step1

Send your accounting book to LegalDocs

step2

We will analyze your book

step3

As soon as the entries are made, the tally sheet will be sent to you for verification.

step4

The balance sheet will be prepared from our side.

step5

As soon as it is completed the finalized copy will be sent to you.

Benefits of Accounting Online

  • Cost efficient
    Utilizing accounting online solutions will be surely more cost efficient rather than spending a bulk of amount on an accountant.
  • Less time consuming
    The calculation and accounting can be done within the fraction of seconds which can be a better than calculating the accounts manually.
  • User-friendly
    You can make yourself aware of each and everything present in it, you will not find any difficulty while accounting services with LegalDocs.
  • Statistics
    You will be aware of the profits and loss in your business with the help of statistics and analysis done every year.
  • Works as financial data proof
    It can be helpful when you will ready to ask for funds or loan, where you need to provide your accounting procedure in detail.
Benefits of Online Accounting - LegalDocs

Current Account Opening

A current account is a type of deposit account that helps the professionals and businessmen to run their business. Businessmen can avail various benefits by Online Current Account such as:

  • Unlimited transactions
  • Customized features
  • Online banking services

Online current account reduces the hassle and provides the benefit to complete the banking process anytime and anywhere.

Are you Ready to Grow your Business?


  • Zero Balance Current Account
  • In just 5 mins
  • Free Current Account Powered by ICICI Bank

Accounting FAQs

When to hire an accountant?

You should hire an accountant as soon as you begin your business. This reduces mistakes and stress from the starting.

Will I lose control of my business by outsourcing my accounting procedure?

No, You will always maintain 100% control of all decisions and all checks will still be signed by you. You choose what merchants get paid and when.

Why should I choose LegalDocs for providing an accountant?

LegalDocs is one of the leading online service providers to help establishments to receive bookkeeping services in India.

What all things need to be maintained in the books of account?

Books of accounts comprise of a Journal, a Ledger book, a Trial Balance, Original and carbon copies of bills/invoices/receipts /, Cash Book, Profit and Loss A/c, Balance Sheet and Cash Flow Statements.

What if I don’t maintain my book of account as I am in loss every year?

No, it is necessary to make books in any case, even if you have profits or losses. As long as you are entering into financial transactions, you need to record the same. Another reason for maintaining books of accounts in the years of losses is that you can file income tax returns for the same and claim the benefit of setting off losses in the future years of profit.

What are all the different types of accountants?

There are different types of accountants such as Auditors, Forensic Accountants, Controllers, Bookkeepers, Tax accountants etc.

Does small business need to have a accounting process?

Yes it is necessary to create book for every business, online accounting process is also for small business accounting.

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