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PN RAO & Co. office is staffed with experienced and qualified accountants personnel to provide the required accounting services. We are prepare the Books of Accounts in Tally EPR 9 for India and for US or other countries accounting in Quick Books. We are Timely provide the best Management Information System (MIS) so that the management take appropriate decision without any damage or lose and penalties to the Organization or Enterprises and also timely complete the Statutory obligations like GST monthly returns and Etds quarterly returns. We can able to give periodical statement of outstanding and bill receivable analyses statement to the management. We can prepare the Financial Statements like Balance Sheet and Profit and Loss Accounts and Projections. And we are supporting with Auditors to complete the filling of Annual returns on time, so the increases the value and credibility of the financial statements produced by the client’s management to the various Government authorities or Bank and financial institutions.

WHAT IS ACCOUNTING

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In a business organisation, a record of all financial transactions need to be properly maintained and reported in an organized manner, in which all debit and credit entries are recorded is called accounting services.

The first part is to record all the business transactions in a chronological order i.e date wise. such as purchase, sales, etc which is also called book keeping.

The second part is to understand what needs to be booked as income, expenditures, payments and receipts, etc and what needs to be considered as depreciation under the applicable regulations.

At periodic intervals multiple reports are generated which shows the financial performance and financial position of business. With these multiple reports management can be clear about the directions of the organisation.

Every business needs to maintain books of accounts and needs to comply with statutory regulations in terms of tax payments and filing timely returns.

Accounting Services

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  • Preparation of financial reports.
  • Balance Sheet.
  • Profit and Loss Account.
  • Receivables and Payables Statements with analysis.
  • General ledger report for each month end.
  • Monthly MIS report, report of employee reimbursements.
  • Entries for final closing like TDS, Receivables, payable etc at year end.
  • Financial Projections and CMA data.

Services we provide

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  • Accounting entries for all income/expenses for the business.
  • Invoice Order processing
  • Accounts Reconciliation
  • Bank Reconciliation.
  • Preparation of GST Returns monthly, quarterly and annually whatever required as per time to time.
  • Tax compliances: Proper accounting of transactions in compliance with requirements of tax deduction at source (TDS).
  • We prepare year end accounts for sole traders, partnerships , limited liability partnerships and limited companies.
  • In addition to ensuring compliance with all legislation we provide a comprehensive review of your organisations financial performance and help you to understand the figures.
  • We provide an efficient service and in doing so allow you to use your accounts to make informed business decisions for the year ahead.the figures

Benefits of outsourcing accounting to us

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Free up your time

Utilizing accounting online solutions will be surely more cost efficient rather than spending a bulk of amount on an accountant.

Reduce Cost

The calculation and accounting can be done within the fraction of seconds which can be a better than calculating the accounts manually.

Avoid penalties from regulators

You can make yourself aware of each and everything present in it, you will not find any difficulty while accounting services with LegalDocs.

Avoid technology headaches

You will be aware of the profits and loss in your business with the help of statistics and analysis done every year.

On time updates

It can be helpful when you will ready to ask for funds or loan, where you need to provide your accounting procedure in detail.

On time filing of returns

It can be helpful when you will ready to ask for funds or loan, where you need to provide your accounting procedure in detail.