Book-keeping
This is hard to imagine but it is crucial that you keep your records for the past 8-10 years. To do this you have a choice viz;
Do it yourself – By making a time table for Sunday to get your personal finance things in order
OR Assign this task to a professional firm.
In addition to that it is quite critical to maintain the following.
Your bank accounts – Usage & administrationYour credit card details & reminder for payment dates
Your insurance details & reminder for annual / monthly payment dates
Your investment details – its quite easy to forget investment after some months or years
Your credit scores and reports – very important so that you can fix a problem if there is one asap else sometime something may get really murky
Filing system memberwise / categorywise & section / area wise
Maintenance of passwords – crucial in current times
Tools for keeping a check on income and expenses – use any tool you like else ask us for one
Timely payment of bills, premiums etc.
Your CA does not have the time to take care of all these matters. So either you do this yourself or get professional assistance.
Book-keeping cannot be a standard defined service and the solution for each situation, person and family can be quite different. Please feel free to get in touch with us on +91-22-40024043 / 44 / 45 for any assistance in this matter. We will be glad to help you in any manner we can.
