Accounting and Bookkeeping Services for Indian Businesses
Monthly bookkeeping, bank reconciliation and MIS prepared by accountants, so your GST, TDS and tax returns rest on clean records.
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Accounting and bookkeeping is the day-to-day recording of your sales, purchases, receipts and payments, followed by reconciliation and the preparation of financial statements, and every business needs it, whether to run operations, file GST and income tax returns or satisfy a lender or investor. Companies and many other entities are also legally required to maintain proper books. Our team records transactions in Tally, Zoho Books, QuickBooks or your existing software, reconciles bank accounts and party balances, ties the books to your tax filings and shares a monthly management report so you can see where the business stands.
Who provides this service: our team of Chartered Accountants.
Who Needs Accounting & Bookkeeping?
- Start-ups and small companies without an in-house accountant
- Traders, manufacturers and service businesses that must tie GST returns to the books
- Firms preparing for statutory audit, tax audit or due diligence by a lender or investor
- Owners who want monthly clarity on cash, margins and dues rather than a once-a-year summary
- Businesses with backlog or untidy records that need a structured clean-up
Key Benefits
- Transactions posted in Tally, Zoho Books, QuickBooks or your current software, with a chart of accounts set to your business
- Bank, card and wallet reconciliation each month, so differences are traced while the details are still fresh
- Receivables and payables tracking with ageing, helping you chase dues and plan supplier payments
- Books tied to GST, TDS and income tax data, which reduces mismatches between returns and accounts
- Monthly management report with profit and loss, balance sheet and cash position, in plain language
- Year-end closing support and schedules prepared so the auditor and the tax return start from finished books
How It Works
Understand the business and set up the books
We learn how you sell, pay and collect, review the last closing balances, and design the chart of accounts, cost centres and software access that match your reporting and compliance needs.
Take over opening balances
We load opening balances from the last audited or filed position, check party ledgers, bank balances and fixed assets against records, and list any differences for you to confirm before regular posting.
Record transactions every month
You send invoices, bills, bank statements and expense details by the agreed date. Our team classifies and posts entries, handles GST and TDS treatment on each transaction and follows up on missing vouchers.
Reconcile accounts and party balances
We reconcile every bank and card account, match customer and vendor ledgers, check GST input credit with supplier data and clear suspense or unexplained entries before closing the month.
Prepare MIS and compliance support
We deliver the monthly profit and loss, balance sheet, cash flow and key comparisons with commentary, and pass the closed figures to the teams handling your GST, TDS and income tax returns.
Close the year and support the audit
At year end we pass adjusting entries, prepare schedules for depreciation, provisions and loans, finalise the trial balance and coordinate with your auditor on queries so closing is orderly.
Documents Required
- Bank statements for every current, savings, loan and credit card account
- Sales invoices, credit notes and a record of cash or online receipts
- Purchase bills, expense vouchers and petty cash details
- Opening trial balance or the last audited financial statements
- Fixed asset list with purchase dates and values
- Loan agreements, EMI schedules and interest certificates
- Payroll summary and statutory payment challans for GST, TDS, PF and ESI
- Access to existing accounting software, or a backup file of the last data
Timeline and Fees
Indicative timeline: Onboarding usually takes one to two weeks, after which books are closed on a monthly cycle agreed with you. Backlog clean-up depends on how many periods are pending and how quickly source documents are supplied.
Professional fee: The fee depends on monthly transaction volume, number of bank accounts and entities, the software in use, the reports you need and whether GST, TDS and payroll are included. Contact our team for a written quote.
What Can Go Wrong if This Is Missed or Done Incorrectly
- Books that do not support the return can lead to wrong GST and income tax filings, notices and penalties
- Weak records make statutory or tax audit slower and may result in a qualified report
- Unreconciled bank and party balances hide errors and, in some cases, misuse until they become costly
- Lenders and investors may decline a proposal when financial statements are late or unreliable
Frequently Asked Questions
What is the difference between bookkeeping and accounting?
Bookkeeping is the routine recording of transactions, such as invoices, receipts, payments and expenses, into the books. Accounting builds on those records to classify them, reconcile balances, prepare financial statements and support tax filings. A small business often needs both, so we provide them as one connected monthly service.
Do I really need to maintain books of account?
Companies and LLPs are legally required to keep proper books, and tax law expects most businesses and many professionals to maintain records that support their return. Even where the requirement is light, records are needed for GST, loans and any future audit. Informal notes seldom survive scrutiny, so structured books are safer.
Which accounting software will you use?
We work in Tally, Zoho Books, QuickBooks and spreadsheets. If you already have software and data, we continue there to avoid a messy migration. If you are starting out, we suggest a tool based on your transaction volume, GST needs and who else in your team has to access the books.
How do I share documents with your accountants every month?
You send invoices, bills and bank statements through a shared folder or the cloud accounting app, by an agreed date each month. We follow up on missing documents, so records are complete before closing. Smaller businesses can start with simple spreadsheets, and we move them to a structured process over time.
Can you clean up books that are several months or years behind?
Yes. A catch-up project begins with collecting statements and vouchers, rebuilding balances and reconciling bank accounts for the backlog, then posting by period. Time depends on how much data is available. Clearing the backlog first allows overdue GST, TDS and income tax returns to be prepared on reliable figures.
What reports will I receive and how can I use them?
You receive a monthly profit and loss statement, balance sheet, cash position and receivable and payable summaries with notes on movements. Use them to track margins, plan tax payments and prepare for a bank or investor discussion. We can also tailor reports to the metrics your business watches.
Official Sources
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Last reviewed: . Laws, fees and procedures change; check the official portal before you act.
Disclaimer: The information on this page is for general informational purposes only and does not constitute professional legal, tax or compliance advice. Requirements vary by situation. Please consult a qualified CA or CS for advice specific to your needs. Government fees and timelines are subject to change; verify with the relevant authority before proceeding.