Practice area 02
Accounting & Audit
Clean books, credible statements and independent review.
Overview
Accurate accounts are the foundation of every other compliance — GST, income tax, bank finance and internal control all depend on them. Poorly maintained books make audits painful and decisions unreliable.
The firm maintains accounts, prepares periodic financial statements and conducts internal audits that highlight control gaps before they become losses or regulatory issues.
Who this is for
- Small and medium businesses without an in-house accounts team
- Registered societies, clubs and educational institutions
- Firms preparing for bank finance or a statutory audit
- Owners who want independent assurance over internal controls
Scope of work
What the firm handles
Book-keeping & Accounting
Monthly or quarterly maintenance of ledgers, bank reconciliation, fixed asset registers and management reports.
Financial Statements
Preparation of profit & loss accounts, balance sheets and cash flow statements for firms, societies and proprietors.
Internal Audit
Independent review of processes, approvals, inventory, receivables and expense controls with practical recommendations.
Audit Readiness
Organising documentation and schedules so statutory, tax and GST audits proceed without surprises.
Society & Trust Accounts
Accounts and utilisation statements for registered societies, clubs and educational institutions.
Payroll Compliance
Salary computation, TDS on salaries and support with related statutory deductions.
How the work runs
A clear sequence, start to finish
- 01
Scoping
We agree the frequency, software and reporting format that suits your operation.
- 02
Recording
Transactions are recorded and reconciled on schedule, with queries raised early.
- 03
Reporting
You receive statements and a short commentary you can actually act on.
- 04
Review
Periodic internal audit checks the numbers and the processes behind them.
Questions
Frequently asked
Which accounting software do you work with?+
We work with the commonly used Indian accounting packages and can also set up a simple system if you are starting from scratch.
How is internal audit different from tax audit?+
Tax audit is a statutory report on specific tax matters. Internal audit is a management tool that examines whether your processes and controls are working, and is scoped to your needs.
Consultation
Need assistance with accounting & audit?
Call, message on WhatsApp or write in. Share the papers you already have and you will get a clear view of what is required, what it will take and by when.