Why bookkeeping is the first line of defence
Almost every difficult assessment we defend traces back to the same thing: books written up late, from memory, after the year closed. Cash entries that nobody can explain. Creditor balances that never reconciled. A fixed asset register that does not match the depreciation claimed.
When an assessing officer asks for a ledger three years later, the answer is either in the records or it is not. Accounting is cheap; reconstructing it under notice is not.
What we maintain
- Daily and monthly entries under Indian GAAP, or Ind AS where applicable
- Bank reconciliation, and debtor and creditor reconciliation with confirmations
- Accounts payable and receivable ageing, with follow-up schedules
- Fixed asset register with block-wise depreciation under the Income-tax Act and the Companies Act separately
- Cash and fund flow statements, and liquidity tracking
- GST-ready records: ITC register, RCM tracking, and GSTR-2B reconciliation
- Payroll registers, TDS on salary, and Form 16 preparation
How the engagement runs
Most clients send documents weekly by WhatsApp or a shared drive. We post entries, raise queries on anything unclear rather than guessing, and close the month by the 15th of the following month.
You get a monthly pack: trial balance, P&L, balance sheet, debtor and creditor ageing, and a short note on anything that needs a decision. Quarterly, we review the position against your tax and GST liability so nothing arrives as a surprise.
We work on Tally Prime and Zoho Books. If you already run one of those, we work inside your instance so the data stays yours. If you do not, we set one up as part of onboarding.
Who this suits
Businesses with turnover from roughly Rs 50 lakh upward that need reliable monthly numbers but not a full-time accountant; startups that need clean books for due diligence; and firms whose existing accountant has left mid-year with the records in an unclear state.