Bookkeeping is arguably the foundation of good financial statements. Good bookkeeping provides better reflection of the financial performance and position of your Company. Tax position of your Company is directly and indirectly affected by the way your accounting book is kept. Improper bookkeeping may cause inaccurate tax position of your Company resulting you having to pay additional tax or perceived to commit tax evasion for reporting lesser tax than you should.
With increase in costs of hiring and retaining professional, many SMEs started to outsource its bookkeeping function. Our conversations with numbers of our clients reveal that outsourcing this function to us helps them in controlling their costs because, they have immediate access to our team of professional accountants and no longer have to worry about continuous training and retaining such professionals.