Accounting & Bookkeeping
Greenvissage takes ownership of the entire accounting and bookkeeping services right from invoice processing, cheque writing to reporting and liaising for various audits. With our help, companies can operate even without any support staff for related functions. We provide top-notch accounting and bookkeeping services in Pune.
Accounting data serves as a barometer for several functions like strategic planning, tax planning, and compliance, secretarial compliance, and compliance compatible with requirements of other regulatory authorities. The efficacy of several decisions depends upon the quality of accounting data available.
Conventionally, the accounts division is apprised of the prospective transactions by the company. As a natural corollary, having a competent review mechanism and an informed accounts division is of paramount importance. It helps to comprehend the attendant risks relating to regulatory, financial, and tax planning. It saves the company from statutory violations, financial losses, and other eventualities that could be detrimental to its interest in the long run.
Accounting team requires close coordination with several agencies including bankers, insurers, auditors, tax department, lawyers, RBI, STPI, etc. We make sure the accounting and bookkeeping services that you outsource to us is hassle-free and leaves you no worries regarding any aspect of it.
Why Choose Greenvissage ?
We are reasonable, economical & affordable with unmatched result-oriented consulting.
Having an experience of working with some of the world’s largest accounting firms.
I always found doing business with Team Greenvissage is very pleasurable. They helped us setup the company in India and guided us through the legal minefield & ensured all compliances were adhered to strictly.
Thanks to their legal & financial support, I could fully concentrate on the Business operations, knowing the legal and fiscal are in good hands.
Known Amit and Kethan for over 15 years now and have been utilizing their services for our end to end Accounting/Tax/Payroll needs..not only are they super professional and knowledgeable they also make the best of friends a business owner can ask for!
We have been receiving personal attention from the Directors at all times. The support staff is very helpful and they try to understand the issues at hand, with all sincerity and professionalism. For emergencies we do get immediate personal intervention.
The services they provide are exemplary on a professional and knowledgeable, yet friendly level.
We particularly value their pro-active style of suggesting ideas and solutions regarding all accounting/ compliance/ payroll/ tax/ forex matters of our business,
and the way a smooth transition and taking over of our accounting/ auditing tasks from our earlier CA was accomplished.
One of the key criteria for start-ups is that the accounting firm should be flexible, understanding and very approachable.
I am happy to state that Greenvissage and its team is exactly this.
The team is ably headed by Amit and Kethaan. Both of them very well understand that the business cycles go through tough times and they make sure to support during tough times too.
I believe this is the test of good partner organization.
If need any info
Please contact Us !
Frequently Asked Questions
In most cases, the answer to this question is “yes.” When you consider how many hours you or another member of your staff will spend on record keeping, accounting, payroll, and taxes, it can often be more cost-effective to hire an outside professional for accounting and tax needs. Additionally, a professional services company offers greater peace of mind than doing it in-house and relying on your cursory understanding of accounting and other related complex issues.
Under INCOME-TAX ACT 1961, Assessees are required to preserve the specified books of account for a period of 6 years from the end of the relevant assessment year, i.e., for a total period of 8 previous years.
COMPANIES ACT. A company is required to maintain its books of account and vouchers for a period of 8 years immediately preceding the current year.
Every company incorporated under Companies Act need to get their books audited. There is no minimum threshold limit.
Ministry of Corporate Affairs (MCA) issued a note outlining the various phases in which Indian Accounting Standards converged with IFRS (Ind AS) is proposed to be implemented in India, for Companies other than Banking Companies, Insurance Companies and NBFCs. Consequently, the companies will need to convert their accounts from Indian GAAP to IFRS.
Companies can voluntarily adopt Ind AS for accounting periods beginning on or after 1 April 2015 with comparatives for period ending 31 March 2015 or thereafter. However, once they have chosen this path, they cannot switch back.
Ind AS will be mandatorily applicable to the following companies for periods beginning on or after 1 April 2016, with comparatives for the period ending 31 March 2016 or thereafter:
- Companies whose equity and/or debt securities are listed or are in the process of listing on any stock exchange in India or outside India and having net worth of 500 crore INR or more.
- Companies having net worth of 500 crore INR or more other than those covered above.
- Holding, subsidiary, joint venture or associate companies of companies covered above.
Ind AS will be mandatorily applicable to the following companies for periods beginning on or after 1 April 2017, with comparatives for the period ending 31 March 2017 or thereafter:
- Companies whose equity and/or debt securities are listed or are in the process of being listed on any stock exchange in India or outside India and having net worth of less than rupees 500 Crore.
- Unlisted companies other than those covered in Phase I and Phase II whose net worth are more than 250 crore INR but less than 500 crore INR.
- Holding, subsidiary, joint venture or associate companies of above companies.