Accounting and Book-Keeping are the core essentials for running any organization. At VenturEasy, we have a dedicated team of professionals who will make sure that your books of accounts are updated so that you can have a track of your records at any point of time.

We are QuickBooks-certified ProAdvisor and happy to provide strategic insights to drive your business success.

• Financial Accounting: Focuses on the preparation of financial statements, such as the balance sheet, income statement, and cash flow statement, to communicate the financial performance and position of a company to external stakeholders.
• Managerial Accounting: Concerned with providing internal stakeholders, such as management, with relevant financial information for planning, decision-making, and performance evaluation purposes.
• Cost Accounting: Involves the analysis of costs associated with producing goods or services to help businesses make informed pricing decisions, control costs, and improve profitability.
• Tax Accounting: Deals with tax-related matters, including compliance with tax laws and regulations, preparation of tax returns, and tax planning strategies to minimize tax liabilities.

• Accrual Basis vs. Cash Basis: Accrual accounting records transactions when they occur, regardless of when cash is exchanged, providing a more accurate representation of financial performance.
• Consistency: Ensures that accounting methods and practices are applied consistently over time to facilitate comparability and reliability of financial information.
• Materiality: Requires disclosing information that could influence the decisions of financial statement users, while insignificant details may be omitted.
• Prudence (Conservatism): Advocates for recognizing losses and expenses as soon as they are reasonably possible, but only recognizing gains and revenues when they are realized.
• Matching Principle: Matches expenses incurred during a specific accounting period with the revenues generated in the same period to accurately reflect the profitability of operations.

• Recording Transactions: Involves entering financial transactions, such as sales, purchases, and expenses, into accounting records using journals and ledgers.
• Double-Entry System: Utilizes debits and credits to record transactions accurately, ensuring that the accounting equation (Assets = Liabilities + Equity) remains balanced.
• Trial Balance: Summarizes the balances of all accounts to verify the accuracy of recording and posting transactions before preparing financial statements.
• Adjusting Entries: Entries made at the end of an accounting period to update account balances for accruals, deferrals, and other adjustments required for accurate financial reporting.
• Financial Statements: Include the income statement, balance sheet, and cash flow statement, which provide a comprehensive overview of a company's financial performance and position.

• Financial Decision-Making: Provides reliable financial information to support strategic planning, budgeting, and investment decisions.
• Compliance: Ensures compliance with accounting standards, tax regulations, and reporting requirements to avoid penalties and legal issues.
• Performance Evaluation: Enables the evaluation of business performance, profitability, and efficiency through financial analysis and key performance indicators (KPIs).
• Stakeholder Confidence: Builds trust and confidence among investors, creditors, and other stakeholders by providing transparent and accurate financial reporting.
• Business Growth: Facilitates access to capital, funding, and investment opportunities by demonstrating financial stability and sound management practices.