Bookkeeping
Books that reconcile every month: a sane chart of accounts, matched bank lines and a receivables list you can chase.
In this section
Financial Statements
Balance sheet, profit and loss and cash flow — prepared to schedule III, and readable by a bank.
Auditing
Statutory, tax and internal audit — what triggers each, what an auditor will ask for, and how to be ready.
Payroll Accounting
Salary structures, TDS on salary, EPF and ESI, and payslips that stand up to an inspection.
Accounting Software
Choosing between Tally, Zoho Books, QuickBooks and a spreadsheet — and setting whichever you pick up properly.
Small Business Accounting
The minimum a shop, agency or small manufacturer needs to stay compliant and still know how the business is doing.
What we do on accounting
We set up a chart of accounts that matches how the business actually earns and spends, keep the books monthly, reconcile banks and GST, run payroll with the statutory deductions, and prepare statements that a bank or an investor will accept.
Why monthly beats annual #
Books written up once a year, in the week before the return is due, cannot tell you anything about the business. Monthly closing costs a little more and gives you a bank reconciliation, a receivables ageing and a margin you can act on while the year is still open.
What you will need
- Bank statements for every account
- Sales and purchase invoices
- Expense bills and petty cash records
- Payroll register and statutory challans
- Loan statements and asset purchase invoices
Latest on Accounting
Payroll Accounting
Why your January salary drops, and what to do about it
Nothing went wrong with payroll. Your employer is recovering eleven months of under-deduction in the last three, because the proof…
Payroll Accounting
Running payroll in India: PF, ESI, TDS and the dates that matter
Payroll is four separate compliance regimes that happen to share a spreadsheet. Each has its own threshold, its own return…
Auditing
What a statutory audit actually looks at
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Latest articles
Payroll Accounting
Why your January salary drops, and what to do about it
Nothing went wrong with payroll. Your employer is recovering eleven months of under-deduction in the last three, because the proof…
Payroll Accounting
Running payroll in India: PF, ESI, TDS and the dates that matter
Payroll is four separate compliance regimes that happen to share a spreadsheet. Each has its own threshold, its own return…
Auditing
What a statutory audit actually looks at
An auditor is not checking every entry. They are testing a handful of assertions, and knowing which ones turns a…
Bookkeeping
Setting up a chart of accounts that still makes sense in year three
Messy books are rarely a data-entry problem. They are a structure problem, and the structure is decided in the first…