Accounting & Bookkeeping are integral components of any business. Bookkeeping services ensure that reliable and accurate books are kept for your company, enabling you to make informed decisions promptly in order to minimize risks and maximize profits. An effective accounting system can have a significant impact on a company’s productivity as well as its profitability.
In accordance with the Inland Revenue Department of Nepal, every person caring on a trade, profession or business in Nepal are obliged to keep sufficient records of his income and expenditure to enable the assessable profits to be readily ascertained and shall retain such records at least seven years. Failure to comply with the record-keeping requirements under the Inland Revenue Department of Nepal shall be guilty of an offence and will be subject to a fine.
Also, a set of complete and detailed accounting records can let the management know the company's financial position regularly; prevention of misappropriated use of company's assets; planning for business development; early revealing of business and financial crises etc.
Recruitment of full time, experienced and qualified accounting staff in responsible for the accounting tasks is a burden to the operation cost of some companies. Hence, many small or medium companies are most likely to outsource their accounting tasks so as to minimize their operating costs; enabling their staff to use the time to explore more business opportunities and enhance their competitiveness.
PABC pleased to serve you with following services no matter ongoing or on a project basis: