The Govt of Pakistan has introduced new reforms in the restructuring tax collection departments and using new & data-driven techniques to control tax evasion.
Difficulty in Manual Accounts
Suppose, as a sole proprietor or small shop owner, if FBR sends me notice on non-filing of tax returns or non-compliance of FBR instruction. Being a businessman, first question comes in mind “what will happen now”. Most of tax consultant charge heavy fees on defense of such notices and it’s all due to maintaining of book keeping on manual basis and could not present true and fair picture of your business. Manual record keeping is faulty, incomplete, inaccurate, unscientific and unsystematic style of account keeping.
Systematic Accounts
On the other side, if you had a computerized system of excels or any other software-based system. It will arrange your accounting record within a few clicks. You will also link your record with online tax return forms and submit your tax return at a very low cost.
Benefits of Computerized Accounts
The computerized accounting system ensure arithmetical accuracy of books, profit and loss and determine financial position of business and lets you know that how much you have purchased and how much sold. It records all vendors with proper detail & NTN numbers and gives you the required information in a few clicks.
Proper financial data records all customers, remaining receivables, and paid amounts. If you are selling on credit, it tells you how much is remaining from which customer. What is the time to collect the next installment?. Accounting software keeps you up to date about patterns of incomes and expenses.
Conclusion
It gives you free hand to concentrate on your sales and growth. If you are a growth-oriented person and want to grow every day, an accounting system helps to let you know about customer visit dates and frequency.
We, at StorkAcc are offering services to provide a complete accounting system that will keep all your financial record. StorkAcc will provide complete training and help you achieve success as we consider it our success as well.
Contact us and let us know how can we help you.
Team
StorkAcc
Quality Virtual Accounting Solutions
