How does it work?

Access

The company gives our team of expert accountants access to its financial documents and transactions, as well as Focal software and the other requirements for online bookkeeping.

Software

The bookkeeper connects to the company’s Focal instance and checks the papers as if using an on-site business computer. Depending on the terms of the agreement, either the professional bookkeeper or the firm may purchase and register the software; however, both must use the standard software and version to ensure proper file transfer and communication.

Cost effective

A professional expert in any particular field becomes quite expensive and a newbie can cause some errors which can cost business.

Our online accounting and bookkeeping service is both effective and hassle-free for the business owners, especially when it comes to small business owners or e-commerce business setups.

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Why are accounting and bookkeeping so important for businesses?

Accounting and bookkeeping are the methodical documentation of a business’s financial transactions. It is essential in business because it allows you to track income and expenditure, complies with regulatory requirements, and offers stakeholders quantifiable business data that can be utilised to make business actions.

Our team prepares your three most important books of accounts:

Our team prepares your three most important books of accounts

• Income Statement
• Balance Sheet
• Cashflow Statement

Our team, through reports and insights, helps in:

• Evaluation of business operations
• Regulatory requirements
• Budgeting and business projections
• Preparation of financial statement

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Accounting Bookkeeping and Tax Filing:

There are three types of tax that we help businesses to manage:

GST

TDS

INCOME TAX

Our team of seasoned professionals ensures the promptness and accuracy of preparation of the books, that ensures regulatory requirement and maximum tax efficacy.

 

Agreed that tax filing isn’t the hard part these days with most of the stuff done online. The only important aspect of these filings are the accurate calculations and preparation of the documents based on which these tax filings are done. A wrong GST filing leaves you exposed to huge fines applicable in GST regulations, whereas a wrong preparation of financial books may cause overpayment of income tax or inability to get the optimal amount of refund.

Our online accounting and bookkeeping services:

We carry out the accounting and bookkeeping with the help of our team of expert professionals. These professionals have experience in a varied range of business and operations. For instance, when it comes to e-commerce business the books of accounts are not as simple as the ones prepared for traditional retailers but with our experienced professionals, these books can be prepared with ease and optimal efficacy.

Choosing the right accounting and bookkeeping service plays a crucial role, business owners must have an understanding of the depth of expertise the services offer and then choose the best fit. We at Focal Software offer a complete range of bookkeeping and accounting services and have experts with experience in the majority of the business categories. Get in touch with our business support to understand in detail.

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Faq

Frequently Asked Questions

Business owners, founders, and entrepreneurs have a lot on their plates. One of the crucial parts of their job is to make proper plans for their company’s present and future development. Whether your eCommerce is in a startup, mature, transfer, or any other phase, each area has its own unique possibilities. We can help you recognize them and create strategies to enhance your eCommerce, partnerships, and employees.

We work with clients from all over the US and can come to you to discuss your needs. Or, if you work from home and don’t have physical offices, we can arrange a virtual meeting and start planning your growth right away!

Do you need a loan to help you with inventory, payroll, marketing, or other needs? Making sure you qualify for a loan takes some serious work, but our accountants can lend you a hand. Contact us to book a consultation.

While we try to offer as much automation as possible with Focal Software, it is still not a certified account. But we have a fantastic team of accountants waiting to take this slow and complex part of business management off your hands. They can help you save money and ensure you are prepared for an audit if Uncle Sam comes calling.