Accounting and Bookkeeping services are necessary for all businesses to ensure accurate operational / financial information. Every entity must maintain proper books of accounts of its affairs. Also, it is a legal requirement for any business to maintain an appropriate book of accounts to ensure that all relevant taxes are paid, income tax returns are filed and ROC returns are filed with the Ministry of Corporate Affairs wherever applicable. Several start-ups tend to ignore this requirement early on, and then scramble to put together their accounts when they are raising funding or being acquired. Accounting is a way to give all the stakeholders a good sense of how the business is doing.