Bookkeeping
Books built from bank statements and source documents, kept current through the year.
What the work covers
Accounts are written up from bank statements, invoices and other source documents, in Tally or Zoho Books. The aim is a set of books that can be relied on during the year rather than reconstructed at the end of it.
- Recording of sales, purchases, expenses, receipts and payments
- Bank and cash reconciliation
- Reconciliation of the books with GST returns and TDS statements
- Ledger scrutiny of debtors and creditors, including MSME suppliers
- Fixed asset records and depreciation
- Trial balance and financial statements
Why monthly
Errors are cheaper to correct within weeks than at year end, when supporting documents are harder to find and returns have already been filed on the figures. Monthly books also make it possible to see profit, receivables and cash while there is still time to act on them.
Separation from audit
Rules on auditor independence restrict an auditor from also keeping the books of certain audit clients. Where the firm is the statutory auditor, the engagement is structured to comply with those restrictions.
Discuss your accounts
Enquiries by telephone or email are answered during working hours.