Bookkeeping & financial reporting
Transaction recording, bank and ledger reconciliations, month-end schedules, receivables and payables ageing, and financial-report preparation within the agreed reporting basis.
Explore this area ↗FIRM PROFILE · CHARTERED ACCOUNTANTS
Somesh Chandak
& Associates
Accounting, finance and governance support.
A defined scope. A documented review. A clear hand-off.
Profile edition: 8 October 2026
THE PRACTICE
India-based.
Engagement-led.
Somesh Chandak & Associates is a chartered accountancy firm based in Thane, Maharashtra, serving clients across India. Established in 2022, the practice works with businesses and individuals on accounting, tax, compliance, valuation and finance requirements.
The firm also provides bookkeeping and accounting support for clients in the USA and Dubai. Enquiries from UK and Singapore accounting firms and businesses are assessed for the required capability, local responsibilities and engagement suitability.
Our approach begins with a defined scope: the work to be performed, records required, preparation and review responsibilities, reporting expectations and agreed terms. Engagements may be delivered remotely or in person, as appropriate to the assignment.
LEADERSHIP & PROFESSIONAL CREDENTIALS
CA Somesh Chandak
CA Somesh Chandak is the founder and proprietor of the firm. His professional work spans accounting, tax, valuation and business finance. His IBBI registration is for the Securities or Financial Assets asset class; the required professional capacity and permitted scope are assessed for each valuation engagement.
- Valuer registration
- Registered Valuer - Securities or Financial Assets
IBBI/RV/06/2024/15744
View the official IBBI register ↗ - Professional committee nomination
- Nominated as a Member of the Committee for MSME & Startup of the Western India Regional Council (WIRC) of ICAI for 2026-27.
The nomination relates to the stated committee and year. It does not imply institutional endorsement of the firm or its services.
AREAS OF PRACTICE
A connected view of your finance requirements.
Assignments may cover a specific deliverable or an agreed recurring workflow. The scope, required professional capacity and responsibilities are defined before work starts.
Virtual CFO & management information
Management accounts, budget comparisons, cash forecasts, working-capital review, finance routines and decision-support reporting, with management retaining commercial and approval authority.
Explore this area ↗Internal audit & process controls
Risk-based scope discussions, process and control reviews, evidence-based observations, management responses and action follow-up for businesses, including listed and large private companies.
Explore this area ↗Tax & regulatory compliance
GST and income-tax work, compliance preparation, reconciliations and responses to tax or regulatory requirements, with applicability and professional advice assessed on the facts.
Explore this area ↗Business & securities valuation
Purpose-led valuation work with an identified valuation date, information relied upon, methods, assumptions and limitations. The required signatory capacity is confirmed for the intended use.
Explore this area ↗Business registration & corporate compliance
Support with business-structure and registration requirements, company and LLP compliance, and document readiness. Requirements vary by entity, activity and jurisdiction.
Explore this area ↗Accounting systems & Zoho Books
Accounting-system requirements, account mappings, workflow setup, reconciliations and reporting support. Software scope and user access are agreed for each assignment.
Explore this area ↗Finance documentation for larger borrowing
Financial-record readiness, cash-flow projections, information packs and responses to lender queries for larger secured or unsecured borrowing requirements. Credit decisions, sanction, pricing and security terms remain with the lender.
Secured finance scope ↗OVERSEAS ACCOUNTING & BOOKKEEPING FIRMS
Preparation support.
Your review process.
Bookkeeping and accounting firms can engage the firm for recurring preparation work, overflow support or a separately defined catch-up assignment. The scope can combine bookkeeping, reconciliations, month-end workpapers and MIS preparation.
What a working arrangement should define
- Agree the entities, reporting periods, software, source records, transaction volume and outstanding backlog before work begins.
- Prepare an agreed review pack: reconciliations, supporting schedules, exception notes and a documented period-end hand-off.
- Use the overseas firm's chart of accounts, review checklist and agreed communication arrangements where applicable.
- Confirm reporting currency, time-zone overlap, document cut-off dates, reviewer availability and delivery expectations.
- Assign local tax advice, statutory filings, regulated services and sign-off to the appropriately authorised local professional unless a separately permitted engagement is agreed.
QuickBooks and Zoho Books requirements can be discussed. Other software is subject to a capability assessment. Software references describe work requirements and do not imply certification or a vendor partnership.
The firm is based in India. USA and Dubai are existing overseas service markets; UK and Singapore enquiries are considered individually. These references do not indicate overseas office locations.
VIRTUAL CFO & MANAGEMENT REPORTING
Give finance a regular rhythm.
Virtual CFO support gives finance responsibilities a defined cadence and produces information for management decisions. The scope is designed around the business's records, reporting needs and nominated decision-makers.
Monthly management accounts with actual-versus-budget comparisons and explanations of material movements.
Rolling cash-flow forecasts with collection assumptions, payment commitments and funding headroom.
Receivables, payables and working-capital review, with agreed follow-up priorities.
Budget preparation, scenario analysis and business-specific KPIs where the source data supports the calculation.
A close calendar, reporting pack, review meeting and action list with owners and target dates.
Financial schedules and information readiness for lenders, investors or other stakeholders within the agreed scope.
Responsibilities and professional scope
Management retains responsibility for business decisions, payment authority, budgets and approvals. Reporting preparation does not itself provide an audit opinion or assurance conclusion. Independence and any self-review concerns are assessed before accepting work.
INTERNAL AUDIT & GOVERNANCE
From business risk
to an accountable action.
The firm's experience includes internal audit assignments for listed companies.
Internal-audit work connects significant business risks to the processes and controls reviewed. The firm undertakes scope discussions for listed and large private companies as well as other businesses, with eligibility and independence assessed for each engagement.
Define the mandate, entities, locations, review period, reporting line and governance expectations.
Assess the audit universe and prioritise areas using the business's risks, changes and prior findings.
Review agreed processes such as procurement, collections, payroll, inventory, financial close and system access.
Document evidence, exceptions, observations and limitations; discuss the facts with the responsible teams.
Report findings with management responses, action owners, priorities and target dates to the agreed governance body.
Follow up implementation and assess closure evidence; a management status update alone is not proof that a revised control operates.
The scope, evidence and selection approach determine the work performed. Internal audit is distinct from statutory audit and does not replace the statutory audit opinion. The engagement terms identify the recipient, responsibilities, limitations and reporting arrangements.
Internal audit for listed and large private companies ↗WORKING TOGETHER
Define the work before it begins.
Understand the requirement
Discuss the entity, country, business activity, present records, reporting need and purpose of the assignment. Identify missing information and any urgent deadlines.
Assess suitability and scope
Review eligibility, independence, conflicts, required professional capacity and delivery capability. Define the deliverables, exclusions, responsibilities, fees and timing in the engagement terms.
Prepare and review the work
Obtain records through agreed arrangements, prepare the schedules or reports and raise exceptions. Confirm the nominated reviewer and address comments before the final hand-off.
Maintain the recurring process
Where work is ongoing, agree a close or compliance calendar, reporting frequency, action tracking and a process for changes in scope or business circumstances.
Confidentiality and access
Agree the information flow alongside the deliverables.
Information is used for the agreed purpose and handled with professional confidentiality. Document and system-access arrangements should be agreed before confidential records are shared.
For recurring and overseas work, agree named-user access, permitted processing, review responsibilities, access removal and the retention or return of records. Specific controls and contractual requirements depend on the engagement.
A first enquiry should contain a short description of the requirement, not passwords, OTPs, bank statements or confidential client records. The website does not establish a professional engagement by itself.
SEE THE WORKING FORMAT
Practical resources from the firm.
Illustrative management reporting pack
A synthetic MIS example with budget comparisons, cash movement and working-capital schedules.
Open the resource ↗13-week cash-flow guide and worksheet
A practical guide to receipt and payment timing with a worked example and editable CSV.
Open the resource ↗Internal-audit planning checklist
A planning aid with an illustrative risk, control and review-procedure matrix.
Open the resource ↗All sample figures and template entries are illustrative. They do not describe a client or constitute an assurance conclusion.
Explore the accounting resource library ↗CONTACT THE FIRM
Start with the requirement.
For an initial discussion, share your country, entity type, software, approximate work volume, periods or backlog, desired deliverables and timing. Scope and terms follow a review of the requirement.
Somesh Chandak & Associates
Chartered Accountants · FRN 158694W
Unit 119, 1st Floor, Centura Square IT Park,
SG Barve Road, Wagle Estate,
Thane West, Maharashtra 400604, India
+91 89468 83420
somesh@sschandak.com
Office details and appointments ↗
Visits by appointment. Remote engagement arrangements are agreed according to the work.
This profile provides information about the firm and its areas of practice. It is not a professional opinion, an assurance of an outcome or a statement of institutional endorsement. Engagements are subject to the facts, eligibility, independence, professional requirements and agreed terms.