Why AccountingHub is better than having your own accountant?
| Accountant | AccountingHub | |
|---|---|---|
| Day-to-day Book Keeping | ✓ | ✓ |
| Monthly Book Closure and MIS, and Financials | ⨉ | ✓ |
| Receivable Follow Up | Email/Phone/Physical | |
| GST Compliance | Basic | Advanced |
| TDS Compliance | Basic | Advanced |
| Income Tax Filing * | ⨉ | Basic |
| Advance Tax & Tax Memo | ⨉ | ✓ |
| ROC and Companies Act Compliance * | ⨉ | ✓ |
| Cash Flow Forecasting and Budgeting | ⨉ | ✓ |
| Admin Support | ✓ | ⨉ |
| Attrition risk | Yes | None |
| Accounting Software Subscription | Required | Not required |
| Overhead – seat cost of accounting team | Required | Not required |
| Day-to-day Book Keeping | |
| AccountingHub | ✓ |
| Accountant | ✓ |
| Monthly Book Closure and MIS, and Financials | |
| AccountingHub | ✓ |
| Accountant | ⨉ |
| Receivable Follow Up | |
| AccountingHub | |
| Accountant | Email/Phone/Physical |
| GST Compliance | |
| AccountingHub | Advanced |
| Accountant | Basic |
| TDS Compliance | |
| AccountingHub | Advanced |
| Accountant | Basic |
| Income Tax Filing * | |
| AccountingHub | Basic |
| Accountant | ⨉ |
| Advance Tax & Tax Memo | |
| AccountingHub | ✓ |
| Accountant | ⨉ |
| ROC and Companies Act Compliance * | |
| AccountingHub | ✓ |
| Accountant | ⨉ |
| Cash Flow Forecasting and Budgeting | |
| AccountingHub | ✓ |
| Accountant | ⨉ |
| Admin Support | |
| AccountingHub | ⨉ |
| Accountant | ✓ |
| Attrition risk | |
| AccountingHub | None |
| Accountant | Yes |
| Accounting Software Subscription | |
| AccountingHub | Not required |
| Accountant | Required |
| Overhead – seat cost of accounting team | |
| AccountingHub | Not required |
| Accountant | Required |