Merakhata is a start-up founded by young Chartered Accountants offering services in the field of Accounting outsource, HR Outsource and Taxation. The idea is to provide professional accounting services to the startups and the small businesses that are always deprived of the professional accounting services because of extravagant services offered by traditional accounting firms. 

Rachit Jain (Founder of Merakhata) says that Accounting has always been neglected at the small business level or at the initial phase of a startup. He found an opportunity in that and decided to start this venture. He sees the two potential reasons for negligence:

The first reason for negligence is that most of the businesses have an accountant, but those are not qualified professional. These Accountants are college graduates and having tons of experience with them however the most significant challenge with them is that they are not updated with the recent changes in the accounting and tax laws. India has witnessed a significant amount of changes in the accounting and tax laws in the last couple of year. His experience in the field suggests these experienced accountants never able to cope up with the changes. This results in the non-compliances and piled up work which is a nightmare for the business owner. According to him, All the small and new businesses are getting accounting service, but most of them are not getting a professional accounting service, which itself is the differentiating factor.

The second reason he mentioned is that professional accounting services in India come with the massive cost whether it’s in-house or outsourced. In-house professional accounting services generally have a team of accounting executives led by CA which leads to a substantial cost. The outsourcers merely focus on the bookkeeping. Bookkeeper is the person who has complete control over company financial data and should be able to provide management a meaningful presentation of this data to see company growth, profitability, cost, and margins. However, these outsourcing companies never offer these insights.

These are the reason which brought his interest to this area and he launched Merakhata.com to provide professional accounting services & tax consultancy by qualified Chartered Accountant at a price less than the businesses Accountant salary.

Media Contact
Company Name: Merakhata
Contact Person: Rachit Jain
Email: Send Email
Country: India
Website: merakhata.com