The accounting of the company is not the only thing for the tax advisor or the business accountant. Four actors are interested in knowing the status of the business’s accounting: the company, the company’s partners, the company’s advisor, and the State.
Everyone in a company has an interest in knowing the status of the business at any time. Keeping business accounting up to date allows you to have visibility about what is happening in the business, which is an advantage for the company since it allows you to make better decisions in the future, as well as to anticipate possible ups and downs, reducing uncertainty.
Having up-to-date information about all the company’s accounts facilitates its management if the information is stored safely and accessible whenever required.
The State and, mainly, the Tax Agency, have an interest in knowing the transactions or movements of the company with customers and suppliers. Mainly, they want to know the ability of the company to pay taxes based on the turnover of the business.
For this reason, it will require the presentation of the company’s tax models as well as the presentation of the mandatory accounting books for the company using which the company informs the State of its situation during the previous accounting year.
The tax or accounting advisor
A GST consultant in Delhi is the person who must know the status of the company’s accounts to be able to indicate what is always best for the company.
Waiting until the end of the quarter to know if the company is generating losses or profits is unthinkable today, so tools are needed that allow us to carry out correct management of the accounting that allows us to define when to act and be able to make the necessary changes to the weather.
Shareholders, partners, and investors
Shareholders, partners, and investors of the company are the main stakeholders in business accounting. Knowing the financial balance of the business and its stability is crucial for them.
They are the ones who demand accounting reports from the company to know the status of the business with the aim of buying more shares in the company or investing more money in it.
How to keep accounting in a company
Keeping business accounts can be a headache if you don’t know how to do it. There are accounting firms in Delhi that help you do the accounting of your business, to make it an easy and simple task.
With the best CA firms in Delhi, you can know the situation of your business in real-time.
In this way, you can have all your information accessible wherever and whenever you want.
In addition, the best CA in Delhi helps you comply with your tax obligations since it allows you to fill in the tax forms of your business so that you can comply with the Tax Agency.
This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. AKGVG & Associates does not intend to advertise its services through this.
CA Aman Aggarwal
AKGVG & Associates