As a business grows and expands, so does its needs. Once your business grows beyond a certain point, you will need support in managing all aspects, including monetary management.
However, an even better mindset would be that even when your business is still small, you should not skimp on having all the essential help for your success, such as accountants.
Although hiring an accounting firm to be a part of your team may seem like an added expense for you, it is one that you should consider as a necessary part of your operations. Especially when it comes to some of the most important aspects of running a business, such as your finances, this is not one for you to skimp on.
Remember that one mistake can spell the difference between financial failure and success. An accounting firm has years of experience in updating a business’s books and only uses the best tools for the job.
Regardless of the size and nature of your business, accounting firms will know which type of automated accounts payable system to use to keep your business’s finances up to date. The support of an accounting firm can provide excellent benefits for your business beyond just the finances.
This is where Beyond Books N Compliance (BBNC) excels in the industry as a leading one-stop solution provider for all your needs related to Accounting, Compliance, and Legal Services. The company aims to offer quality services to its clients under one umbrella where they do not have to deal with many professionals simultaneously.
In an interview with Insights Success, Mr Nithin Shetty, Founder and CEO, sheds light on the journey of BBNC, highlighting its USPs, vision, and stronghold in Non-Banking Financial niche.
Nithin, please tell us about Beyond Books N Compliance.
Beyond Books, N Compliance (BBNC) is a one-stop solution provider for all your Accounting, Compliances and Legal needs. We aim to build a robust and sustainable cloud accounting platform to meet businesses’ financial and bookkeeping requirements and the compliance requirements of statutory bodies.
BBNC started with a simple mission: doing business in India should be easy and seamless. To accomplish our mission, we have built a team of Professional Chartered Accountants, Cost Accountants, Company Secretaries and Lawyers.
They are dedicated to help entrepreneurs and companies with their Accounting, Taxation, Compliance, and Legal requirements.
We are a technology-Driven Entity, offering our services virtually across India. We aim to support our clients at every stage of their business lifecycle to ensure the business remains compliant and growing.
We provide reliable, efficient, experienced accounting support to your business and ensure sound financial advice based on regular maintenance of your financial data.
In this Digital era, we offer our services virtually across PAN India. However, we have two branches, Bengaluru, and Hyderabad, across the country, and we are planning for an expansion.
Tell us more about your company and the key aspects of its stronghold in the Non-Banking Financial Space.
We are a team of experienced professionals, including Chartered Accountants, Cost Accountants, Company Secretaries and Lawyers, dedicated towards helping entrepreneurs and companies with their Accounting, Taxation, Compliance and Legal requirements.
To build a robust virtual fintech platform synonym to Resorting and Compliance requirements.
BBNC Mission of beyond Books N compliance.
Our MISSION
As a team of qualified professionals, we want to help clients’ businesses to grow by ensuring the accounting and compliance functions of businesses are strictly adhering to local laws and regulations in which they operate.
Our OBJECTIVE
We are committed to building long-term relationships with our clients to achieve real success.
What kind of services do you provide to your clients?
Business Set-Up Services:
We are into helping entrepreneurs set up their business as per the governing laws and regulations, and they will need a separate legal entity to operate the business.
BBNC assists in creating such legal entity by incorporating:
- Private Limited Company
- Public Limited Company
- Limited Liability Partnership
- One Person company
- Subsidiaries to foreign entities
- Partnership firm and Non-Profit Organizations, etc
Approvals and Licenses:
Once the incorporation process is completed, we will help in getting the required registrations according to various Applicable statutes such as:
- Shops and Establishment License
- GST Registration
- Import Export Code
- MSME/Udyam Registration
- Digital Signature Certificate (DSC)
- Food License (FSSAI)
- Provident Fund
- Employee State Insurance (ESI)
- Professional Tax
Accounts and Finance:
We Tailor-made end to end accounting solutions suiting clients’ business environment and business; we help in designing, implementing, maintaining controlled accounting framework, policies, and procedures.
Our list of services includes:
End to End Accounting (AP, AR, GL)
- Implementing financial processes (P2P, R2R, O2C)
- Vendor- Customer and Bank reconciliations
- All Statutory required registers- FAR, Accounting, Ageing report etc
- Forecasting, budgeting, and variance analysis
- MIS Statements/Reports
- Payroll Management
- Working Capital and Cash flow management
- Book Closure and Preparation of Financial Statements (Monthly/Quarterly and Annual)
- IND AS and IFRS – Compliant Financials
- Intercompany reconciliations and consolidated financials considering applicable reporting framework
Taxation:
- Tax planning and advisory- Ex: Drafting business contracts in complying with fiscal laws
- GST Advisory and Compliances – Determine TOS, POS and ITC etc
- Scrutiny’s, Appeals, ITAT – Direct and Indirect taxes
- International Taxation – Transfer Pricing, Equalisation Levy, DTAA and NRI Taxation
Audit and Assurance Services:
- Financial Audits – Statutory Audit/ External Audit/ Internal
- Stocks and Accounts receivables audits
- Physical audits – Direct and Indirect taxes
- Forensic audit, Investigation and Due Diligence
Contracts and Legal Services:
- Co-founders agreement
- Vendor agreement
- Employment contract
- Non-disclosure and non-compete agreement
- Service level agreement
- Privacy policies, etc
Company Secretarial Services:
- Change in Reg Address of Company
- Share Transfer
- Annual filings of Company/LLP
- Conversion of one entity type to another
- FLA, FC-GPR and FC- TRS
- Closure of a company/LLP etc
- Appointment/Resignation of Directors
- Private Placement of shares etc
Intellectual Property Rights and Protection Services:
- Trademark Registration
- Copyright Registration
- Patent registration
- Patent Search
- Brand Name etc.
Our clientele in sectors in which we operate:
- Software and Information Technology
- Manufacturing
- E-Commerce
- Real Estate and Construction
- Consumer Durable
- Consultancy Support
- FMCG
- Food Processing
- Retailing and Distribution
- Travel, Tourism and Leisure
- Trading
- Foreign companies having subsidiaries in India
- NRI Taxation and Compliance.
