As of now, we serve start-ups, SMEs, freelancers, but we may have plans of expansion in the future.

Well, it is simple. All we require is your trade license and ID proofs of the business owners and partner’s (if any), then we are good to go. 

You will receive detailed reports that includes:

1. Monthly Insights
2. Account Receivables Summary
3. Account Payables Summary
4. Graphical income, expense and profit charts
5. Full Financial statements including Income Statement, Balance Sheet and Cashflow Statements
6. Monthly performance report
7. Quarterly VAT reports.

Kitaab uses Quickbooks to efficiently carry out all required bookkeeping. Why we use QuickBooks is because it has numerous advantages:

Seamless tax prep - Due to the universality of QB, almost all tax preparers are well acquainted with this software. This allows you to work with virtually any tax preparer of your choice.

Industry standard - Apart from tax preparation, key financial professionals who are often the final decision makers too possess sufficient knowledge to use this tool. Hence, it simplifies processes and makes it more efficient.

Data Portability - Regardless of whom you work with in the future if you ever move on from Kitaab, the last of your worry would be about having to transfer all your data. All work done on QB remains accessible to you in a convenient format anywhere anytime.

There are primarily 2 cases under which you should prefer to outsource instead of hire:

1 . If you are a new or small developing business that doesn’t possess the resources to hire a full-time CFO or your operations currently do not involve many areas that require the dedicated attention from a CFO, or

2 . If you are a well-established organization but situations that require inputs from a CFO are not a usual occurrence.

Your first step would be to simply fill in your information on any of our contact forms.

This will get one of our account executives to reach out to you to understand your business, and its unique requirements and suggest fitting solutions. They’ll also clear any further queries from your end.

This is followed by a kick-off call that will help our expert CFO team gauge further information to plan out a systematic process and timeline to cater to all your financial needs.

The entire system is set with an objective to most efficiently and effectively cater to your needs and thus unleash your business growth potential. For more details on our CFO Services, see here

Our bookkeeping and tax services are based on an annual and monthly subscription model with clear pricing that scales with your amount of expenses. For additional information, see here

We do not charge any onboarding fee for bookkeeping and tax services, you only pay for the services you opt for with us. We’re more than happy to onboard you and fix you up with the best services that suit your requirements.

Yes, you can! Unlike traditional accounting where you pay an unknown fee at the end of the year depending on how much time your accountant or bookkeeper thinks they’ve spent on your business, Kitaab has a fixed monthly cost. If you decide to cancel for whatever reason, you must intimidate us one-month prior. You don’t pay for anything beyond that ongoing month - and we’ll make sure your accounts are ready to be handed over to whomever you work with next.

To make the plans accessible and fair to everyone, we calculate our package based on amount of expenses. We found this to be more justified than packages based on revenue.

For the pricing purposes, we incur expenses the your company incur each month, including payroll, cost of goods sold, and distributions.

Yes of course! As your business evolve over time, it may make sense to upgrade or modify your existing plan. You can take our support at any time and make any required changes you want month-to-month.

You have the option to cancel and withdraw from our services by providing a one-month notice. Rest assured, we will provide a refund for the portion of your payment that corresponds to the remaining period.  (after making annual discount adjustments)

We will handover the credentials of your Quickbooks account while you exit, from where you can get all the data till dated.

Virtual accounting is remote financial management using technology to perform accounting tasks like transaction recording and reporting.  

Online accounting uses cloud software and secure online access to your financial accounts, enabling remote work and communication.  

Virtual accounting offers cost savings, real time data access, increased efficiency and accuracy.  

Typical services include bank reconciliation, accounts payable/receivable management, general ledger maintenance, financial reporting, and month/year-end closing. 

Data security is prioritized using encrypted connections, data encryption, multi-factor authentication, regular audits, and compliance with data privacy regulations ensuring safety.  

Data is securely stored in the cloud on servers maintained by reputable software providers with robust security and strict data privacy standards.  

Communication happens via email, phone, video conferencing, or secure online portals for efficient collaboration and support.  

Support includes a dedicated accountant, regular reporting, ongoing communication, and consultations on financial goals and strategies.  

Pricing depends on business size, financial complexity, and required services; contact providers for a personalized quote.  

Online corporate tax services provide businesses with remote assistance for managing their corporate tax obligations, including filing, compliance, and advisory, often leveraging digital tools and platforms.  

Businesses of all sizes, especially those with limited in-house tax expertise or those operating across multiple jurisdictions, can benefit from online corporate tax services. 

Advantages include increased efficiency, cost savings compared to traditional services, convenient access to expertise, improved accuracy, and streamlined communication.  

Common services include CT return preparation and filing, tax planning and strategy, tax compliance reviews, assistance with tax audits, and ongoing tax advisory.  

This involves securely submitting your financial data online, with professionals preparing and filing your CT returns electronically with tax authorities.  

Online corporate tax advisory offers remote access to tax experts who provide guidance on tax laws, regulations, and strategies to minimize tax liabilities and optimize tax efficiency. 

Secure online portals, cloud-based tax software, and encrypted communication channels are commonly used to ensure data security and efficient collaboration.  

Secure online portals or encrypted file-sharing systems are used to transfer your financial data safely and confidentially.  

Communication typically occurs through secure messaging within online portals, email, phone, or video conferencing.  

Compliance is ensured through up-to-date knowledge of tax laws and regulations, while data security is maintained through encryption, secure servers, and adherence to data privacy standards.

Virtual bookkeeping is remote financial management where a professional uses technology to access your data and perform bookkeeping tasks like recording transactions and generating reports. It offers flexibility and cost-effectiveness compared to in-house bookkeeping.  

Virtual bookkeeping uses cloud accounting software and secure online platforms. You grant your bookkeeper secure access to your financial accounts, and they perform tasks remotely, communicating via various online channels.  

Virtual bookkeeping saves costs on in-house staff, provides access to expert bookkeepers, increases efficiency by streamlining financial processes, and offers real-time access to accurate financial data.  

We prioritize data security using industry-standard measures like encrypted connections, data encryption at rest and in transit, multi-factor authentication, regular security audits, and compliance with data privacy regulations.  

Your financial data is securely stored in the cloud on servers maintained by reputable software providers (e.g., QuickBooks Online, Xero, Zoho Books) with robust security infrastructure and strict data privacy standards.  

Consider accuracy, data security, scalability, integration with your systems, and the provider’s experience with businesses like yours.  

What is the pricing model for bookkeeping and tax services? Our bookkeeping and tax services are based on an annual and monthly subscription model with clear pricing that scales with your amount of expenses.