Accounting & Book Keeping
Accounting & Book Keeping
We offer professional Accounting and Bookkeeping services designed to help businesses of all sizes manage their financial records with accuracy, transparency, and compliance. Whether you’re a startup, small business, or growing enterprise, our tailored solutions ensure that your financial data is always up-to-date and audit-ready.
Overview: What’s the Difference?
• Bookkeeping
• Day-to-day recording of financial transactions
• Categorizing income and expenses
• Bank and cash reconciliation
• Managing accounts payable/receivable
• Accounting
• Analyzing financial data
• Preparing financial statements
• Budgeting and forecasting
• Ensuring compliance with tax laws
Bookkeeping Methods We Support
We cater to various bookkeeping methods based on the size and nature of your business:
• Single-entry bookkeeping – Suitable for small businesses and freelancers.
• Double-entry bookkeeping – A standard method for mid-to-large enterprises ensuring complete tracking of assets and liabilities.
We customize the bookkeeping method depending on your business needs, industry, and compliance requirements.
Outsourcing Accounting & Bookkeeping Services
Outsourcing your accounting functions allows you to focus on your core business while experts handle your books. We provide cost-effective and scalable outsourcing solutions with end-to-end support including:
• Daily/weekly/monthly transaction recording
• Payroll processing
• Bank and credit card reconciliations
• Vendor payment tracking
• GST and TDS reconciliation
• Preparation of financial statements
Reconciled Books with GST & Income Tax Compliance
We ensure that your books are not only accurate but also GST-compliant and tax-ready. Our team regularly reconciles:
• Sales & purchase data with GSTR-1, GSTR-2A/2B, and GSTR-3B
• Input Tax Credit (ITC) claims
• Income and expense ledgers with ITR filings
What We Provide – Month-End & Year-End
At the close of every month and financial year, we deliver a comprehensive set of documents and reports to keep you informed and audit-ready.
Monthly Reports
• Profit & Loss Statement
• Balance Sheet
• Cash Flow Statement
• GST Summary & Reconciliation
• Accounts Payable/Receivable Report
• Bank Reconciliation Statement
Year-End Reports
• Final Financial Statements
• Trial Balance
• Tax Computation & Provisional Reports
• Ledger Summaries
• TDS Returns & 26AS Summary
• Audit file compilation (if required)
Finance & Accounting Tools We Specialize In
We work with the industry’s leading accounting and ERP platforms to give you flexible and efficient reporting:
• Tally ERP & Tally Prime
• Busy Accounting Software
• Marg ERP
• Zoho Books
• QuickBooks (Desktop & Online)
• Xero
Our team is certified and experienced in these tools, ensuring smooth integration with your existing systems and seamless transitions if you are migrating platforms.
Frequently Asked Questions (FAQs)
1. Why should I outsource accounting and bookkeeping services?
Outsourcing saves time, reduces errors, cuts costs, ensures compliance with tax laws, and gives you access to skilled professionals—allowing you to focus on core business activities.
2. Is my financial data secure with you?
Yes. We take data privacy and security seriously. All data is handled with strict confidentiality, and we use encrypted cloud platforms and secure file-sharing protocols.
3. Can I access my reports anytime?
Absolutely. We provide monthly and year-end financial reports in user-friendly formats. We can also set up cloud access to real-time dashboards if needed.
4. Do you provide GST and Income Tax compliance services too?
Yes, we handle:
• GST reconciliation (GSTR-1, GSTR-2A/2B, GSTR-3B)
• TDS return filing
• Income Tax Return (ITR) support
• Annual compliance reports
5. Do you offer services for startups and small businesses?
Yes! We offer customized plans for startups, freelancers, and small businesses that require simplified but accurate accounting services with minimal overhead.
6. Do you help during audits or assessments?
Yes. We assist in compiling audit-ready documents, responding to auditor queries, and ensuring all reconciliations are in place—especially for GST and income tax audits.
7. Can I switch from my current accountant to your services easily?
Definitely. We assist with seamless migration of books and historical data from your current accounting system or accountant, ensuring no data loss or disruption.
8. Can you help clean up or fix my existing messy books?
Yes, absolutely. We specialize in catch-up and clean-up bookkeeping. Whether your records are partially done, inconsistent, or backlogged, our team can organize, reconcile, and bring everything up to date.
9. How long does it take to set up or transition my accounting to your service?
Depending on the complexity and size of your business, setup can take 1 to 7 business days. This includes data collection, software setup, and initial reconciliation. For catch-up accounting, timelines vary based on the backlog.
10. What happens at financial year-end?
At the end of the financial year, we:
• Finalize all ledgers and transactions
• Reconcile books with GST, TDS & IT filings
• Provide audited-ready reports
• Share tax computation and insights for planning
• Prepare documents needed for your CA or statutory auditor
11. What happens if there are tax notices or compliance issues?
If your business receives a tax notice or compliance query (GST, Income Tax, TDS), we help:
• Review and respond appropriately
• Provide reconciliations and clarifications
• Coordinate with your tax consultant if needed
12. Do you provide MIS (Management Information System) reports?
Yes. We can generate tailored MIS reports such as:
• Sales vs Expense trends
• Budget vs Actual comparison
• Customer profitability reports
• Cash flow projections
• Departmental or project-based reports
13. Can I request custom reports specific to my business needs?
Absolutely. We can create custom reports based on your requirements such as:
• Inventory movement
• Job costing
• Monthly collection reports
• Client-specific receivables
Just let us know what you need.
14. Do you provide virtual CFO (vCFO) services?
Yes. For growing businesses, we offer Virtual CFO services which include:
• Financial strategy & planning
• Budgeting and forecasting
• Investor reporting
• Cash flow management
• Business performance analysis
15. How do you handle errors or discrepancies in accounts?
Our multi-level review process includes:
• Daily/weekly reconciliations
• Internal audit reviews
• Alerts for unusual transactions
• Rectification entries with full transparency
