Bookkeeping vs. Accounting: Understanding the Key Differences
Bookkeeping is the process of identifying and recording accounting transactions systematically in the business’ books of accounts.
Transform Your Business with MyFinnar's
Expert Accounting Services in Bangalore
Simplifying Finances, Maximizing Growth
Managing business finances comes with challenges, but with the right accounting firm in Bangalore, you get expert solutions tailored to your needs. Whether you’re a startup, SME, or large enterprise, we provide outsourced accounting services that ensure compliance, optimize costs, and enhance financial decision-making.
- Certified Accountants
- Customized Accounting Solutions
- Tax Compliance & Planning
- Accurate Financial Reporting
- Cost-Effective & Scalable
- Secure & Confidential
Our Accounting Services
At myfinnar, we provide comprehensive accounting services designed to simplify your financial management and ensure compliance. From meticulous bookkeeping and tax planning to payroll and strategic advisory, our certified accountants deliver personalized solutions that help startups, SMEs, and established businesses maintain accuracy, optimize resources, and
drive growth confidently.
Financial Statement Preparation
Preparation of Profit & Loss Statements, Balance Sheets, and Cash Flow Statements to ensure accurate financial reporting and compliance with accounting standards.
Tax Planning & Compliance (GST & Income Tax)
GST registration, return filing (GSTR-1, GSTR-3B, GSTR-9), Input Tax Credit (ITC) reconciliation, and tax planning. Income Tax Return (ITR) filing for businesses and corporations, including TDS/TCS compliance.
Budgeting & Financial Forecasting
Developing financial budgets, forecasting revenue and expenses, and analyzing financial trends to enhance decision-making and business planning.
Internal Audit & Risk Management
Conducting internal audits, risk assessment, and fraud prevention. Ensuring compliance with statutory audits under the Companies Act and tax audits under Section 44AB of the Income Tax Act.
MIS Reporting & Business Insights
Generating MIS reports to track financial performance, identify key business trends, and support data-driven decision-making.
Payroll Accounting & Compliance
Salary processing, payroll tax filings, PF, ESI, and Professional Tax compliance. Issuance of Form 16 for employees to ensure smooth payroll operations.
Statutory & Regulatory Compliance
ROC filings, MCA compliance, Director’s Report preparation, and regulatory filings under the Companies Act to ensure businesses adhere to financial regulations.
CFO & Financial Advisory Services
Strategic financial planning, capital structuring, investment advisory, and cash flow management to optimize business growth and financial stability.
Business Valuation & Advisory
Business valuation for mergers, acquisitions, investor funding, and strategic decisions. Analyzing financials, market trends, and industry benchmarks to determine fair value and support deal structuring.
👉 Maximize savings, ensure compliance, and gain financial clarity with MyFinnar. Get started now!
📊 Top Accounting Firm in Bangalore – Expert Outsourced Accounting
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Industries We Serve
At myfinnar, we recognize that each industry faces its own financial challenges and requirements. That’s why we customize our accounting solutions to fit a wide range of sectors whether you’re in healthcare, manufacturing, technology, retail, or professional services. Our expert team partners with you to provide tailored support that aligns with your industry’s unique workflows and regulatory landscape.
Small & Medium Enterprises
We help startups, small businesses, and entrepreneurs manage bookkeeping, tax filing, and financial planning so you can focus on growing your venture.
Corporate & Private Companies
Our services extend to private firms, multinational corporations, investment companies, and consulting businesses, addressing complex accounting and regulatory requirements.
Healthcare & Wellness
From hospitals and dental practices to therapists and wellness professionals, we provide specialized accounting solutions that cater to the healthcare sector’s distinct challenges.
Technology & SaaS
We support tech companies, IT service providers, SaaS businesses, and biotech firms with precise financial reporting and tax compliance, enabling innovation without financial worry.
Retail & Ecommerce
Whether you run an online store, boutique, or beauty salon, our accounting expertise ensures smooth financial operations and compliance with GST and other regulations.
Service & Creative Businesses
Photographers, salons, service providers, and creative professionals rely on us for clear, organized financial management tailored to their unique workflows.
Manufacturing & Industrial
We serve manufacturers, mining companies, energy firms, and engineering businesses with cost management and operational accounting solutions.
Construction & Real Estate
From construction companies and contractors to real estate developers and landlords, we manage project accounting, compliance, and financial reporting.
Logistics & Transportation
Accounting services for logistics companies, trucking businesses, transport operators, and airlines, designed to keep your financials moving as smoothly as your operations.
Professional Services
Legal firms, architects, insurance agencies, and other professionals trust us for thorough accounting and regulatory compliance tailored to their fields.
Food & Hospitality
Restaurants, bars, cafes, and catering businesses benefit from our expertise in managing day-to-day finances and tax obligations, so you can serve your customers with confidence.
Nonprofit & Government
We assist nonprofits, charities, and government organizations with financial transparency, grant management, and compliance to help you focus on your mission.
Why Outsource Accounting Services to MyFinnar?
Managing business finances can be complex and time-consuming. By outsourcing your accounting services to MyFinnar, you gain access to expert accountants who ensure accuracy, compliance, and efficiency in financial management.
Here’s why businesses trust MyFinnar for outsourced accounting services:
Our experienced accountants handle everything from bookkeeping and tax filing to financial reporting and compliance, minimizing errors and ensuring precision.
With ever-changing tax laws, we keep your business updated and handle GST, TDS, ROC, and Income Tax filings to ensure full compliance without hassle.
Free up your time to concentrate on core business activities like strategy, operations, and expansion while we take care of the financial complexities.
Every business has unique financial needs. We offer tailored accounting services designed to fit your industry, business size, and specific requirements.
Whether you’re a startup, a growing SME, or an established enterprise, our services scale with your needs. As your business expands, we increase support to align with your goals.
Hiring a full-time, in-house accounting team can be expensive. Outsourcing allows you to access top-tier accounting services at a fraction of the cost.
We leverage the latest accounting software and cloud-based solutions to enhance accuracy, efficiency, and real-time financial tracking.
Your financial data is highly sensitive. We implement strict security measures and industry best practices to keep your financial information protected.
Looking for expert accounting services in Bangalore? Get in touch with MyFinnar today
and let us simplify your finances while you focus on growing your business!
Myfinnar’s Accounting Process
A Transparent, Reliable System for Financial Accuracy and Compliance
At Myfinnar, our Accounting Process is built to give your business a solid financial backbone. From system setup to compliance and reporting, we ensure your accounting is timely, audit-ready, and aligned with growth goals. This allows you to operate with confidence and make informed decisions.
1. Discovery & Accounting Needs Assessment
Understanding Your Business Structure and Compliance Requirements
We start by analyzing your business model, transaction volume, and regulatory needs to identify the ideal accounting framework suited to your industry.
2. Chart of Accounts & Software Setup
Building the Right Financial Framework
We set up or restructure your Chart of Accounts, configure accounting software, and integrate it with invoicing, banking, payroll, and compliance modules for smooth and efficient operations.
3. Monthly Closing & General Ledger Maintenance
Clean, Consistent, and Up-to-Date Financial Records
Our team manages monthly closings, reconciles general ledger entries, and ensures consistent financial documentation, giving you clarity and control over your numbers.
4. Tax & Statutory Compliance
Timely Filings with Zero Penalties
We take care of GST filings, TDS returns, and other statutory submissions with precision and punctuality. Our proactive approach keeps your business compliant throughout the year.
5. Financial Reporting & MIS
Actionable Insights Delivered On Time
You receive structured monthly and quarterly reports such as Profit & Loss, Balance Sheet, Cash Flow, and customized MIS reports to help you monitor performance and make data-driven decisions.
6. Ongoing Advisory & Support
Financial Clarity That Grows With You
In addition to reporting and compliance, we offer strategic advice on cost control, budgeting, and process optimization. As your business evolves, our accounting systems scale with your needs.
What Our Clients Say
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Adam Sendler
Designer
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Mila Kunis
Manager
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Mike Stuart
Support
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Adam Sendler
Designer
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Mila Kunis
Manager
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Mike Stuart
Support
Blog
Stay informed with the latest insights, trends, and expert advice on accounting, finance, and business growth.
Our blog covers essential topics, from tax-saving strategies and financial planning to
outsourced accounting solutions and compliance updates.
Our blog covers essential topics, from tax-saving strategies and financial planning to
outsourced accounting solutions and compliance updates.
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FAQs
Find answers to common questions about our accounting services
At MyFinnar, we provide top accounting services to help startups, SMEs, and businesses manage their finances with accuracy and efficiency. More than just bookkeeping, we offer strategic financial guidance to support business growth.
With customized solutions, transparent processes, and local expertise, we ensure seamless financial management.
Looking for reliable accounting services in Bangalore? Contact MyFinnar today for a free consultation!
MyFinnar is recognized as a leading accounting firm in Bangalore for its expertise, reliability, and client-first approach. Our certified and registered accountants provide accurate financial reporting, tax compliance, and strategic planning, ensuring businesses stay financially strong and compliant.
With a focus on transparency, technology-driven efficiency, and proactive advisory services, we help businesses optimize operations, reduce financial risks, and drive profitability. Whether you need bookkeeping, CFO services, or regulatory compliance, MyFinnar is your trusted financial partner.
At MyFinnar, we provide a comprehensive range of accounting services, including bookkeeping, tax filing, financial statement preparation, budgeting, internal audits, payroll processing, regulatory compliance, CFO services, business valuation, and financial advisory.
Whether you need outsourced accounting solutions, online accounting services, or expert financial guidance, we offer tailored solutions to support businesses of all sizes.
Need expert accounting services near you? MyFinnar offers tailored financial solutions to keep your business on track. Schedule a consultation today!
Outsourcing accounting services helps businesses reduce costs, improve financial accuracy, and stay compliant with tax regulations. With CA-certified professionals managing bookkeeping, tax filing, payroll, and financial reporting, you minimize errors and free up time for core operations.
Additionally, outsourcing gives businesses access to advanced accounting tools, scalable solutions, and expert financial guidance for better decision-making. It eliminates the burden of an in-house finance team while ensuring efficiency, security, and compliance.
Looking for a trusted accounting service provider? Contact MyFinnar Today!
Yes! We understand that every business has unique financial needs, so we create personalized accounting packages that align with your goals. Whether you’re a startup, SME, or an expanding business, our flexible solutions ensure cost-effective and scalable financial management.
Contact us today to explore your options!
Getting started is simple! Schedule a free consultation, and our team will assess your business needs, recommend the right accounting solutions, and guide you through onboarding.
Looking for expert accounting services in Bangalore? Let’s connect!
We provide accounting services for startups, SMEs, and professional firms across various industries, including healthcare, IT, real estate, e-commerce, construction, and manufacturing. Whether you’re a restaurant owner, contractor, or tech entrepreneur, we have specialized solutions tailored to your industry.
Need Expert accountants near you? Contact MyFinnar today!
Startups and SMEs often operate with tight budgets and limited resources. Outsourcing accounting services provides an affordable way to ensure accurate financial management without the overhead of hiring an in-house accountant.
From timely GST filings and payroll processing to investor-ready financial statements, outsourced accounting ensures compliance and transparency. It allows business owners to focus on product development, customer acquisition, and scaling operations while experts handle the financial complexities.
Looking for professional accounting services in Bangalore? MyFinnar provides expert outsourced accounting solutions tailored for startups and SMEs. Book a consultation today!
Our pricing depends on your business needs. As a top-rated accounting company in Bangalore, we offer affordable accounting packages with flexible plans for startups, SMEs, and professional businesses.
Contact us today for a personalized quote!
We prioritize data security. As a certified and registered accounting firm, we follow strict confidentiality policies and implement advanced encryption, secure access controls, and regular audits to safeguard your financial information.
Looking for a trusted accounting firm in Bangalore? Consult us today!
Look for accounting companies with local expertise, certified accountants, and a strong reputation. Check client reviews, assess their industry experience, and ensure they provide tailored accounting solutions.
MyFinnar is recognized among the top accounting companies in Bangalore, providing professional accounting services to support your business growth. Book a consultation today!
Ready to Transform Your Accounting Operations?
partner with MyFinnar for comprehensive accounting solutions
tailored to your business needs.
tailored to your business needs.