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Bookkeeping Services

Tally / Zoho Books, GST Reconciliation, ROC Compliance & Financial Reporting

Clean, audit-ready books for Indian businesses β€” monthly P&L and Balance Sheet, bank reconciliation, GSTR-2B ITC reconciliation, and complete ROC annual filing.

Bookkeeping Services β€” At a Glance

Software setup, monthly reconciliations, and statutory compliance

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Tally ERP / Zoho Books

Full setup and monthly data entry in Tally Prime / Tally ERP 9 or Zoho Books. Chart of accounts as per business type. GST-enabled vouchers. Automated bank feeds (Zoho). Purchase and sales register. Payroll integration. Multi-ledger allocation for projects. Month-end closing journals

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Monthly Reconciliations

Bank reconciliation: every entry matched with bank statement. Debtors and creditors aging report β€” outstanding > 30/60/90/180 days flagged. GST reconciliation: books vs GSTR-1 and GSTR-3B matched. Form 26AS TDS credit reconciliation against books entries. Closing inventory valuation (FIFO/weighted average)

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ROC & Financial Compliance

Private Limited Companies: Annual filing of MGT-7 (Annual Return) and AOC-4 (Financial Statements) with MCA. LLP: Form 11 (Annual Return) and Form 8 (Statement of Account & Solvency). Preparation of Director's Report, statutory financials, and notes to accounts. Board resolution templates. ROC deadline tracking

What's Included in Bookkeeping

Comprehensive accounting and compliance β€” monthly and annual

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Monthly Bookkeeping & Data Entry

Complete books maintained in Tally Prime or Zoho Books: sales invoices, purchase bills, expenses, bank receipts/payments, journal entries, credit notes, debit notes. GST split (CGST/SGST/IGST) on every transaction. Multi-currency booking for import/export businesses. Daily bank feed imports in Zoho. Monthly trial balance delivered

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Bank Reconciliation

Every month-end: compare cash book with bank statement. Identify uncleared cheques (post-dated, stopped), bank charges not entered, interest credited, direct transfers missed. Reconciliation statement attached to books. OD/CC limit utilisation tracked. Multiple bank accounts handled simultaneously. Direct debit (ECS/NACH) mandate entries

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GST Book Reconciliation

Monthly reconciliation of books with GSTR-1 (sales) and GSTR-3B (tax paid). Identify mismatches in turnover, tax amounts, B2B vs B2C split. ITC (Input Tax Credit) as per books vs GSTR-2B auto-populated data β€” identify missing credits, blocked credits under Rule 42/43. Annual GSTR-9 reconciliation with audited financials. E-invoicing compliance for applicable businesses

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P&L and Balance Sheet

Monthly P&L statement: revenue, cost of goods sold, gross profit, operating expenses, EBITDA, depreciation, interest, PBT, tax provision, PAT. Monthly Balance Sheet: fixed assets (with depreciation), current assets (debtors, inventory, advances), current liabilities (creditors, GST payable, TDS payable), long-term liabilities, equity. Management commentary on key variances

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ROC Annual Compliance

Private Limited Companies: MGT-7 (Annual Return) β€” due 60 days after AGM; AOC-4 (Financial Statements) β€” due 30 days after AGM. LLP: Form 11 β€” due May 30; Form 8 β€” due October 30. We prepare financials, get statutory audit done, prepare Director's Report, and file all MCA forms before deadlines. Late filing penalty: β‚Ή100/day per form (previously much lower). AGM preparation and Minutes

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Form 26AS TDS Reconciliation

Annual reconciliation of TDS credit in Form 26AS (now AIS β€” Annual Information Statement) with books of accounts. Identify TDS deducted by customers/tenants not appearing in 26AS (PAN mismatch, wrong AY, deductor not filed return). Follow up with deductors to correct errors before ITR filing. Tally with 26AS ensures full TDS credit claimed in ITR β€” avoiding income tax demand for short credit

Who We Serve

Bookkeeping services tailored for every business type

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Early-Stage Startups

Books set up from scratch in Zoho Books or Tally. Investor-ready financials. Startup India and DPIIT recognition compliance. ESOP accounting under Ind AS 102. Cap table maintenance aligned with books

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Manufacturing & Trading

Inventory management (raw material, WIP, finished goods), cost of production sheet, BOM (Bill of Materials) integration, stock audit support, job work GST compliance (Challan 57F), stock reconciliation with GST portal

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Real Estate & Construction

Project-wise accounting, percentage completion method (POC), Section 80IBA tax holiday tracking, joint development agreement accounting, TDS on property purchase under Section 194IA

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Service Businesses & Consultants

Revenue recognition, retainer invoicing, advance receipt accounting, reimbursement expense booking, GST on services (18% vs exempt), deferred revenue for annual contracts

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Import-Export Businesses

Multi-currency books, FEMA compliance, export ledger with shipping bill number, IGST refund tracking on exports, foreign remittance accounting, FIRC (Foreign Inward Remittance Certificate) matching

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Private Limited Companies

Complete Pvt Ltd compliance: Ind AS-compliant financials, statutory audit, MGT-7/AOC-4 ROC filing, Transfer Pricing documentation if applicable, related-party transaction disclosure in notes

Our Bookkeeping Process

Clean, compliant books β€” delivered monthly

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Books Setup & Chart of Accounts

We configure Tally Prime or Zoho Books for your business type: chart of accounts aligned with Schedule III (Companies Act), GST tax ledgers (CGST/SGST/IGST), cost centres if multi-project, opening balance migration from old system or Excel. Access credentials shared. Bank feed integration for Zoho. Initial data entry for the financial year

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Monthly Data Entry & Reconciliations

By 10th of following month: all vouchers entered (sales, purchases, expenses, bank, journal). Bank reconciliation completed. Debtors/creditors aging updated. GST reconciliation with GSTR-2B. Trial balance reviewed for anomalies. You receive monthly P&L and Balance Sheet in PDF/Excel by the 15th

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Quarterly Compliance Checks

Advance tax liability computation (15 June, 15 September, 15 December, 15 March). Quarterly GST data cross-check with filed GSTR-1/3B. TDS payable reconciliation with Challan 281 deposits. Statutory audit preparation β€” accumulate documents, reconcile all ledgers

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Annual Closure & ROC Filing

Year-end closing: depreciation entry (Income Tax Act rates + Companies Act rates), provisions (gratuity, leave encashment), audit adjustments, deferred tax. Coordinate with statutory auditor for audit. Prepare Director's Report. File MGT-7 and AOC-4. Finalise ITR computation from audited financials. Form 26AS reconciliation before ITR filing

Documents Required

Share these at the start of each month for uninterrupted bookkeeping

βœ“ Bank statements for all accounts (FY April–March)
βœ“ Sales invoices / e-invoices (GST portal exports if available)
βœ“ Purchase bills and expense vouchers
βœ“ Salary register / payroll reports
βœ“ Loan sanction letters and repayment schedules
βœ“ Fixed asset purchase invoices (for depreciation)
βœ“ Previous year audited financial statements
βœ“ Form 26AS / AIS (Annual Information Statement) from Income Tax portal
βœ“ GST portal login (for GSTR-2B ITC data)
βœ“ Tally backup or existing accounting software data

Why Choose Us for Bookkeeping

Numbers that empower decisions and satisfy compliance

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Decision-Ready Financials

Monthly P&L and Balance Sheet delivered by the 15th. Cash flow statement quarterly. Revenue trends, expense breakdowns, gross margin analysis β€” management reports that drive decisions, not just compliance

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Maximum ITC Claims

GST-GSTR-2B reconciliation ensures no eligible Input Tax Credit is missed. Late claims cost working capital. Blocked credit under Rule 42/43 correctly identified to avoid ITC reversal demands from GST department

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ROC Deadline Compliance

MGT-7 late filing: β‚Ή100/day penalty. AOC-4 late filing: β‚Ή100/day. Form 11/8 for LLP: β‚Ή100/day. These add up fast. We track every ROC deadline and ensure zero late filings. AGM date planning and Board meeting minutes

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Audit-Ready Books

Clean, reconciled books reduce statutory audit time and fees. Auditors complete faster when all ledgers are balanced, bank reconciliations are attached, and supporting documents are indexed. Reduces audit fee by 20–30%

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Bank Loan Readiness

Banks require audited financials for term loans, working capital, and CC limits. Correct accounting of turnover, profit, and debt ratios is critical. We prepare financials that maximise debt eligibility while remaining accurate

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Investor-Ready Reporting

Startups raising equity need clean books, proper cap table accounting, ESOP expense recognition, and investor-ready financials. We prepare Ind AS-aligned financials that satisfy due diligence requirements from PE/VC investors

Frequently Asked Questions

Common questions about bookkeeping and accounting for Indian businesses

Clean Books. Better Decisions. Zero Penalties.

Let Tax Genius LLC handle your monthly bookkeeping, reconciliations, ROC compliance, and financial reporting β€” from β‚Ή1,999/month.

TaxGenius

Professional accounting services in Canada and the United States

Services

  • Tax Preparation
  • Financial Planning
  • Business Advisory
  • Bookkeeping

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