Question

give advantage of indian system book keeping ​

Answer 1

Bookkeeping is the process of keeping accurate records of company spending and revenue. Some small business owners decide to do their own bookkeeping to save on costs while others prefer to hire a trained accountant. Aside from making filing corporate taxes easier, there are advantages to doing accurate bookkeeping that every business owner should understand.



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Answer 2

Heyy!

Financial Comparison: A comprehensive bookkeeping system allows a business owner to analyze spending and revenue one item at a time.

Budget Monitoring:Companies require an accurate report of current spending and revenue to help compare actual results with projections in the annual budget.

Tax Deductions: A bookkeeping system makes it easier to report revenue for tax filings at the end of the year, but a comprehensive spending profile can also help you find tax deductions that will lower your tax burden.

Payroll: Bookkeeping services include checking the accuracy of each payroll period to make sure that each employee receives the proper amount -- an especially important function in organizations that pay bonuses, sales commissions and supplemental payment based on a percentage of revenue.