somesh@sschandak.com
Thane | Mumbai | Bangalore
Mon-Sat: 10AM-7PM

Books a lender, investor or tax officer can open — closed every month

Clean ledgers on Tally or Zoho, bank-reconciled monthly closes, purchase registers matched to GSTR-2B and MIS you can actually read. Books that already tie to your GST returns and AIS make every filing, loan file and notice reply faster.

Discuss bookkeeping on WhatsAppor call +91 89468 83420
Who this is for
  • Proprietors, firms and companies without a full-time accountant
  • Startups that need investor-ready MIS and clean data rooms
  • Businesses with backlog books ahead of a loan, filing or audit
  • Foreign-owned Indian entities needing India-side books
What you get
  • Ledger posting with monthly bank, wallet and gateway reconciliations
  • GST- and TDS-aligned books — 2B-matched purchase register
  • Payroll entries with statutory dues tracked to payment
  • Monthly close with P&L, receivables and cash-flow MIS
  • Year-end schedules your auditor accepts without rework
What we need from you
  • Bank statements or view access
  • Sales data — invoices, POS or marketplace reports
  • Purchase bills and expense records
  • Opening balances and last year’s financials

Books that close monthly, reconcile completely and hold up in audit are infrastructure — they decide how fast you can borrow, raise, file and answer notices. This engagement runs the accounting function on Zoho Books or QuickBooks with a defined close checklist, not just data entry.

When this service is typically required

  • Entries are behind, reconciliations don't exist, and every filing becomes a fire drill
  • The business has outgrown a part-time accountant but not reached a full accounts team
  • Investors, lenders or auditors have asked for numbers the books can't produce
  • Historical books need clean-up before an audit, funding round or migration
  • A foreign parent or founder needs India books maintained remotely to a monthly calendar

Indicative scope

  • Transaction accounting on Zoho Books/QuickBooks with a documented chart of accounts
  • Bank, credit-card, customer and vendor reconciliations to zero-or-explained
  • Monthly closing with checklist: prepaids, provisions, depreciation, loan schedules
  • Receivables/payables ageing and follow-up lists
  • Payroll accounting and statutory-payment tracking (GST/TDS/PT/PF-ESIC interfaces)
  • Audit-ready schedules and groupings at year-end

Key points at a glance

ItemPosition
Close disciplineA fixed monthly calendar with a signed-off checklist per month
Reconciliation standardEvery balance-sheet line agreed to external evidence or explained
SystemsZoho Books and QuickBooks native; Tally supported via defined exports
Audit trailEdit logs and approval trails kept on, always

Deliverables

Closed books each month with the checklist, reconciliation statements, ageing reports, and a year-end audit file (schedules, ledgers, confirmations list) that cuts audit time instead of feeding it.

Information and documents generally required

System access, bank/card statements or feeds, sales and purchase documents, payroll register, loan sanction letters and prior-year signed financials at onboarding.

Engagement process

01 · DiagnosticState of books and systems assessed; gaps listed.
02 · Engagement termsScope, calendar, responsibilities, fees in writing.
03 · Catch-up/clean-upBacklog brought current on a quoted, one-time basis.
04 · Monthly operationEntry → reconcile → close → report, every month.

Client responsibilities, assumptions and reliance

Source documents and approvals flow from the client on the agreed calendar; accounting judgments (capitalisation, provisioning) are recommended and recorded, with management owning the final policy choices.

Scope exclusions

Statutory audit, tax filings and MIS/CFO reporting are separate engagements (the latter builds directly on this one). The firm does not certify what it has itself compiled where independence rules restrict it.

Frequently asked questions

Our books are 14 months behind. Where do we start?

With a quoted clean-up project: bank-first reconstruction, document chase lists, and a defined cut-over date after which the monthly cycle runs. The quote states assumptions rather than discovering them later.

Zoho Books or QuickBooks?

Depends on GST-centricity, multi-currency needs and who else must use it — the diagnostic recommends one with reasons. Migrations are handled under the Zoho Books setup service.

Can our staff keep doing data entry while you review and close?

Yes — a review-and-close model with your team on entries is common and cheaper; the checklist records who did what.

How do you keep our data secure?

Access is role-based on your own system (you grant and can revoke), work happens on the cloud platforms' audit-logged environments, and no client data is moved to personal drives.

Will this reduce our audit fees?

That is the auditor's call, but a complete audit file predictably reduces audit time and friction, which is the controllable part.

How are bookkeeping fees structured?

As a fixed monthly retainer based on transaction volume, the entities covered and the GST registrations involved — quoted in writing before we begin, and revised only when the volume itself changes. Backlog or catch-up accounting is scoped once as a defined project. Software subscriptions, if any, are at actuals.

Discuss this requirement

The applicable scope, documentation, professional responsibilities and timelines are agreed in an engagement letter before commencement.

Virtual CFO & MISZoho Books SetupOutsourced Accounting (Global)Request a Scope Discussion

This page describes the service in general terms as on 6 August 2026 and is not professional advice or an assurance of any outcome. Registrations, filings, refunds and departmental outcomes depend on facts and the concerned authority. Figures and due dates change; verify current positions before acting.

Who this service is for

Founders answering to investorsMonthly closes, burn and runway views, data-room-ready ledgers — books that stand up to due diligence. CA for startup founders.
MSMEs months behind on booksCatch-up accounting that reconciles GST, TDS and bank before the next filing lands. CA for MSMEs.
Exporters and multi-currency businessesForex gains, shipping-bill trails, LUT and refund workings built into the ledgers. Our exporter desk.
NGOs needing donor-ready accountsFund-wise books, utilisation certificates, FCRA-separated ledgers. CA for NGOs.
Your rhythm

What lands on your desk every month?

Select your profile
GST — monthly filer GST — QRMP / composition TDS deductor Payroll (PF · ESIC · PT) Advance-tax payer

Recurring dates for FY 2026-27; entity-specific annual dates come on top. Build the full personalised list: Compliance Calendar tool.

Fees — how bookkeeping engagements are priced

Is there any statutory cost to outsourcing books?

None — the costs of bad books are all statutory, though: GST ITC lost to mismatches, TDS interest at 1.5% a month, and audit qualifications that follow unreconciled ledgers into every bank file you ever submit.

What shapes the professional fee?

Monthly transaction volume, the software stack (Tally, Zoho Books, QuickBooks — migrations priced separately), catch-up months if books are behind, and the review cadence you want: data entry with monthly review, or a full outsourced close with MIS.

How do we quote?

A monthly fixed fee in writing after seeing one recent bank statement and your GST profile — scope, deliverables calendar and out-of-scope items listed. Start the conversation.

Compliance-grade books, by designAudit-trail (edit log) accounting software is mandatory for companies — and auditors must report on it. Clean monthly books are now a statutory posture, not a luxury.First-year compliance checklist →
Key due dates at a glance — FY 2026-27
ComplianceDueNote
Monthly closeBy the 10th (good practice)Feeds GSTR-3B, TDS and MIS on time
GST + TDS calendar11th / 13th / 15th / 20thBooks must be reconciliation-ready
Audit trail softwareMandatory for companiesRule 3(1), Companies (Accounts) Rules
MIS / cash-flow packMonthlyInvestors and banks expect it
Year-end audit prepFrom AprilSchedule III + ICAI disclosures

Dates as generally applicable on 15 July 2026; extensions/notifications can change them — confirm current dates before relying.

What's Included

  • Transaction accounting on Zoho Books/QuickBooks with a documented chart of accounts
  • Bank, credit-card, customer and vendor reconciliations to zero-or-explained
  • Monthly closing with checklist: prepaids, provisions, depreciation, loan schedules
  • Receivables/payables ageing and follow-up lists
  • Payroll accounting and statutory-payment tracking (GST/TDS/PT/PF-ESIC interfaces)
  • Audit-ready schedules and groupings at year-end

Our Process

1
Diagnostic

State of books and systems assessed; gaps listed.

2
Engagement terms

Scope, calendar, responsibilities, fees in writing.

3
Catch-up/clean-up

Backlog brought current on a quoted, one-time basis.

4
Monthly operation

Entry → reconcile → close → report, every month.

Get Started

Have questions about this service? Contact us for a free consultation.

Book Consultation WhatsApp Us

Related Services

Ready to Get Started?

Let our expert team help you with professional CA services tailored to your needs.

Schedule a Meeting