Accounting, Bookkeeping and Payroll Services in India
Who We Are
Business Setup Worldwide is a platform to help you set up your company. We assist you in the setting up your business through expert counselling and incubation. We specialize in incorporation services, registration and licensing, financial accounting services, apart from other value-added ancillary functions.
Goal-oriented service, expansive reach in terms of setting up several companies across different industries, adaptability to the changing global market trends, and the ability to come up with innovative business strategies and provide requisite support in implementing such strategies distinguish Business Setup Worldwide, and put you in the forefront of business development to envisage growth.
Business Setup Worldwide's proprietary business design techniques, in addition to its deep regional know-how and global reach, enable you to foresee changes in customer priorities and the target segment, and then model your businesses and modify operations to seize opportunities created by those changes.
Why Does a Business Need Accounting, Bookkeeping and Payroll Services?
As an entrant in the business milieu, it is easy to put off accounting work, but by ignoring it in the short or long term, one runs the risk of quality control mishaps in terms of financing, that could even lead to monetary emergencies. Well organized accounting services ensure that your business runs more efficiently on a daily basis. Payroll services are essential in any company with employees. It is better to have a company’s payroll system automated – to obviate situations that lead to intra-company conflicts.
Business Setup Worldwide provides the following accounting and bookkeeping services:
- Maintaining ledgers and records according to the regional laws, and creating and filing all mandatory reports and specifications like annual financial statements and annual report to regulatory bodies
- Preparing monthly, quarterly or annual accounting reports
- Helping with the preparation of payment orders, issuing of customer invoices, and storing accounting documentation, along with the preparation of statistical reports
Business Setup Worldwide provides the payroll processing services:
- Designing salary structures aimed at saving income tax both at the employee and employer end
- Preparation of the monthly payroll and payslips
- Preparation and filing of annual returns for all statutory dues related to payroll
- Computation of income tax on salary of the employees
- Preparation of Form 16 for the employees
- Preparation and submission of Quarterly e-TDS returns
- Reconciliation of payments/statutory deductions etc. with books of accounts periodically
Benefits of Taking This Service
- Barometer of Your Financial Situation: Accounting and bookkeeping arms you with knowledge pivotal to the efficient functioning of your business operation. It is a good practice to keep track of one’s balance sheet. You are in touch with all income sources, liabilities and outstanding bills.
- Facilitation of Decision Making: It is simple to make financial decisions if you are well-versed with your financial records. Being cognizant of the amount of capital you have at your disposal helps you in deciding on matters like hiring human resources or buying inventory.
- Protection against Financial Malpractice: If your financial records are maintained on a regular basis, fraudulent charges can be detected and caught, bouncing of cheques can be anticipated and avoided, and it can be ensured whether you have sufficient funds for handling payments.
At Business Setup Worldwide, we see to it that you remain focused on your business objectives, while we tend to any and all support functions. We are diligent in our accounting, bookkeeping and payroll services, so that you don’t have to worry about it. As a business evolves, maintaining financial records can get complex in an overseas country. Our experts are there for you to help you with handling company finances and the required formalities.