Every business entity is required to maintain a statement of accounts, which is to be submitted to the Income Tax Department. Accounting is a process wherein all the financial transactions of a company are recorded. It is necessary to keep track of the accounts right from the start to avoid any struggle in the future. Furthermore, maintaining an in-house accountant team could likely be a costly affair. We at Startup Choice help generate weekly and monthly reports for you making it as good as having an in-house team.