Accounting and Bookkeeping

Why monthly books matter

Good books are the base for everything else: GST returns, TDS, income tax, audit, bank loans and decisions about pricing and cash. When accounts are written up only at year end, errors surface late, input tax credit is missed and filings are rushed. Keeping books monthly avoids that.

What monthly bookkeeping covers

• Recording sales, purchases, expenses, receipts and payments from your invoices and bank statements.
• Bank reconciliation, so the books agree with the bank every month.
• Reconciling GST purchase records with GSTR-2B and sales with GSTR-1.
• Tracking amounts receivable from customers and payable to suppliers.
• Recording TDS deducted and making sure it is deposited and reported.

Software and how you share documents

Books can be kept in Tally or in cloud accounting software. If you already use one, we work in it; if not, we help you choose. Documents can be shared in whatever way suits you: scans on WhatsApp or email, a shared folder, or originals at the office. A fixed monthly cut-off date keeps things on schedule.

Reports you get

At agreed intervals you receive a summary of sales, expenses and profit, the cash and bank position, outstanding receivables and payables, and the GST and TDS due. At year end, the books are closed and the financial statements are prepared for audit and tax filing.

Payroll

For businesses with staff, payroll processing covers salary calculation, TDS on salaries and the related returns, and, where applicable, provident fund and ESI contributions.