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Cloud Accounting

4.7/5

Key Benefits of Cloud Accounting:

  • Accessibility: Access your financial data from any device with an internet connection.
  • Real-Time Updates: Financial information is updated in real-time, providing up-to-date insights.
  • Collaboration: Multiple users can access and collaborate on financial data simultaneously.
  • Scalability: Cloud accounting systems can easily scale to accommodate business growth.
  • Cost-Effective: Cloud-based solutions often have lower upfront costs and ongoing maintenance expenses compared to on-premise systems.
  • Data Security: Cloud providers typically implement robust security measures to protect your data.

Pricing Summary

  • GST - Included
  • Government Fee - Included

Need Clarification

Cloud Accounting

Particulars (Monthly Fees) With Monthly Report – Online With Monthly Report and GST Filing – Online With Monthly Report – Site Visit With Monthly Report and GST Filing – Site Visit
Turnover Less than 10 Lakhs ₹2,000/- ₹3,000/- ₹3,000/- ₹4,000/-
Turnover Between 10 Lakhs – 25 Lakhs ₹3,000/- ₹4,000/- ₹4,000/- ₹5,000/-
Turnover Between 25 Lakhs – 50 Lakhs ₹4,000/- ₹5,500/- ₹5,500/- ₹7,500/-
Turnover Between 50 Lakhs – 2 Crores ₹6,000/- ₹8,000/- ₹8,000/- ₹9,500/-

What is the winding up of an LLP?

Cloud accounting is a method of recording and managing financial data using cloud-based software. Unlike traditional on-premise accounting systems, cloud accounting solutions are accessed through the internet, allowing businesses to access their financial information from anywhere at any time.

Key Benefits of Cloud Accounting:

  • Accessibility: Access your financial data from any device with an internet connection.
  • Real-Time Updates: Financial information is updated in real-time, providing up-to-date insights.
  • Collaboration: Multiple users can access and collaborate on financial data simultaneously.
  • Scalability: Cloud accounting systems can easily scale to accommodate business growth.
  • Cost-Effective: Cloud-based solutions often have lower upfront costs and ongoing maintenance expenses compared to on-premise systems.
  • Data Security: Cloud providers typically implement robust security measures to protect your data.

Common Cloud Accounting Features:

  • General Ledger: Tracks financial transactions and balances.
  • Accounts Receivable: Manages customer invoices and payments.
  • Accounts Payable: Manages vendor invoices and payments.
  • Inventory Management: Tracks inventory levels and costs.
  • Payroll Processing: Processes employee payroll and tax calculations.
  • Financial Reporting: Generates financial statements, such as income statements and balance sheets.
  • Tax Compliance: Assists with tax preparation and compliance.
  • Integration: Integrates with other business applications, such as CRM and e-commerce platforms.

Popular Cloud Accounting Software:

  • QuickBooks Online
  • Xero
  • FreshBooks
  • Zoho Books
  • Intuit Online Payroll

Considerations for Choosing a Cloud Accounting Solution:

  • Features: Ensure the software meets your specific business needs.
  • Scalability: Consider the potential for growth and scalability.
  • Integration: Evaluate the software’s ability to integrate with other business applications.
  • Security: Assess the cloud provider’s security measures.
  • Cost: Compare pricing plans and features offered by different providers.

By leveraging cloud accounting, businesses can streamline their financial operations, improve efficiency, and make data-driven decisions.

Terms & Conditions

  • Govt fee Rs 1000 extra to be borne by the client
  • All tax payments and penalties if any to be borne by the client
  • Stamp paper and notary should be borne by the client
  • This pricing is applicable only if the LLP is not having any assets and liabilities.
  • There will be additional charges if there is BANK ACCOUNT STATEMENT transactions having above 100 entries
  • DINeKYC & DSC needs to be active till the e-filing status of the LLP changes to “UNDER PROCESS OF STRIKE OFF”.
  • Separate forms to be filed with MCA for updating of Registered Office address/mail id & and the add/remove partners (additional charges applicable).
  • LLPs must file FORM-3 within 30 days of incorporation. Failure to do so incurs a penalty, which must be paid before filing FORM-24 for closure of LLP with the MCA.
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