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Accounting Bookkeeping
Accounting Bookkeeping
Outsourced accounting and bookkeeping
Most finance problems are really bookkeeping problems wearing a disguise. The GST notice comes from an unreconciled input credit. The audit takes four months because the ledger was never closed properly. The board can’t get a straight answer on margin because revenue is booked when the invoice is raised, sometimes.
We take over the ledger and run it as a disciplined monthly process: transactions recorded on a defined cut-off, every control account reconciled, a closing checklist signed off by a reviewer, and a reporting pack out by an agreed date. Whether you need books maintained from scratch, a backlog cleaned up, or an existing team supervised, the starting point is the same — we establish what “closed” means and then close it, every month, on the date.
What’s included
Transaction processing
1. Sales and purchase invoice recording, credit and debit notes.
2. Expense and petty cash accounting, employee reimbursements.
3. Banking entries and daily/weekly bank reconciliation.
4. Fixed asset additions, disposals, depreciation schedules and the fixed asset register.
5. Inventory records, valuation entries and stock reconciliations.
6. Journal entries, accruals, prepayments, provisions and amortisations.
7. Intercompany transactions, eliminations and balance confirmations
8. Foreign exchange revaluation and translation.
Reconciliations
1.Bank reconciliation statements for every account.
2. Accounts receivable and accounts payable ageing and sub-ledger to GL tie-out.
3. GST: books versus GSTR-1, GSTR-3B and GSTR-2B input credit reconciliation.
4. TDS: books versus Form 26AS and the TDS return.
5. Vendor and customer balance confirmations and reconciliations
6. Inter-branch and intercompany reconciliations.
Month-end close
1. A documented close calendar with owners and dates
2. Close checklist, reviewer sign-off and a closing memo on judgements taken
3. Trial balance, P&L, balance sheet and cash-flow statement
4. Variance analysis against budget and against prior period
5. Schedules supporting every material balance
Reporting frameworks
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1. Accounting Standards (Indian GAAP) and Ind AS.
2. IFRS and US GAAP reporting packs for foreign parents
3. Group reporting templates, consolidation inputs and audit-ready schedules
Year End
1. Draft financial statements with notes and schedules in Schedule III format.
2. Audit support pack: lead schedules, supporting documents, sample files, auditor query responses (Note: we support your auditor; we do not audit.)
Who This Is For
Companies with no in-house accountant, or one who has outgrown the role
Indian Subsidiaries of foreign groups needing books in two frameworks
Businesses whose books are behind and who need a clean-up before an audit, a funding round or a due diligence
Finance teams who want to keep control and review but hand off the processing
What you Get
Monthly: Trial Balance
P&L · balance sheet
Cash Flow
AR and AP Ageing
Bank Reconciliations
GST and TDS Reconciliations
Variance Commentary
Open-Items list
Annually: Draft Financial Statements
Audit Support Pack
Fixed Asset Register
Full Working Paper File
Frequently Asked Questions?
Do we have to change our accounting software?
No. We work in yours. If you are choosing one or outgrowing one, we can advise — but migration is a separate decision and a separate project.
Our books are two years behind. Is that a problem?
It is a common starting point. We scope clean-up separately from the ongoing engagement, give you a fixed price and timeline for it, and start the monthly process once you are current.
Who owns the data?
You do, at every point. Work is done in your systems where possible, and everything we hold is returned on exit at no charge.
Can you also audit the accounts you prepare?
No — and no one should. We perform no audit or attest work at all. That separation is what lets us keep your books without creating a problem for your auditor.