JOYCE J CHARUVILA & ASSOCIATES
JOYCE J CHARUVILA & ASSOCIATES
India Regulatory Compliance

Accounting and Bookkeeping

Maintenance of primary books of accounts in compliance with the Companies Act 2013, Indian Accounting Standards (Ind AS), and Income Tax rules. We record transactions systematically to build transparent financial trails.

Accounting and Bookkeeping (India)

Who Requires This Service

Proprietorships, partnerships, LLPs, and private limited companies operating in India that need organized books of account.

Scope of Professional Assistance

  • Recording of cash, bank, purchase, and sales transactions
  • Maintenance of sales ledger and purchase ledger
  • Reconciliation of bank statements, GST ledgers, and Form 26AS/AIS
  • Fixed asset depreciation calculations under Companies Act and Income Tax Act
  • Preparation of trial balance and balance sheet schedules

Process Timeline

01

Document Intake

Collecting digital copies of bank statements, tax invoices, and vouchers.

02

Bookkeeping

Categorizing expenses and receipts in accounting software (e.g. Tally or Zoho Books).

03

Tax Reconciliation

Cross-referencing purchase registers with GSTR-2B monthly.

04

Review & Reports

Preparing financial drafts and management accounts.

Frequently Asked Questions

Is it mandatory for a partnership firm to keep accounts?

Yes, if the business sales exceed specified thresholds under Section 44AA of the Income Tax Act, maintaining books of account is mandatory.

What is GSTR-2B reconciliation?

It is the process of matching purchases entered in your books with GSTR-2B (generated from suppliers' filings) to ensure input tax credit (ITC) is claimed correctly.

Related Resources

Useful Guides & Related Services