Bookkeeping & Accounting Services
Bookkeeping
Overview
Bookkeeping is the disciplined recording of a business's financial transactions — sales, purchases, receipts, payments, payroll and bank movements — so that at any moment the P&L, the balance sheet and the cash position are real. The obligation to maintain records is statutory: books of account must be kept under Section 44AA of the Income Tax Act 1961, accounts and records are required under Section 35 of the CGST Act 2017, and every company must keep proper books of account under Section 128 of the Companies Act 2013. Bookkeeping is the layer underneath every one of those obligations.
What good bookkeeping buys a business owner is control and speed. When the books are current, GST returns fill themselves, TDS reconciles, loan applications use real numbers, and the year-end audit is a review instead of a reconstruction. When the books are months behind, every downstream event — a filing, a loan, a sale, an investor query — becomes a firefight that costs more than the bookkeeping ever would.
The consequences of letting books slide are the quiet kind of expensive. A GST return prepared from memory instead of records invites notices; a TDS return with mismatched challans draws the fee regime of Section 234E; and a company whose books do not reflect its actual transactions has, in the eyes of Section 128, failed a statutory obligation. Auditors and tax officers test the books against the bank statements — gaps surface exactly there.
This service is for startups, MSMEs, traders, professionals and companies that need their financials kept current without building an accounting department. We maintain your books on a monthly cycle — invoicing, expense capture, bank reconciliation, payroll and statutory mapping — under the record-keeping framework of the Income Tax Act, the CGST Act and the Companies Act, and close your month with a P&L, a balance sheet and a tax position you can act on.
How It Works
- 1
Setup & Chart of Accounts
We set up your accounting structure, bank feeds and invoice system to the record-keeping requirements of the law.
Harun Raaj & Associates does this3-5 days - 2
Monthly Data Collection
You share bank statements, invoices and expenses, or connect them to the accounting system.
You do thisMonthly, 1-2 days - 3
Recording & Reconciliation
We record transactions, reconcile bank and card statements, and resolve differences with you.
Harun Raaj & Associates does thisMonthly, 3-5 days - 4
Statutory Data Mapping
We map the books to GST, TDS and payroll positions so returns are prepared from records, not memory.
Harun Raaj & Associates does thisMonthly - 5
Monthly Close & Reports
You receive the monthly P&L, balance sheet, cash flow and a status note for decisions.
Harun Raaj & Associates does thisMonthly, 1-2 days
Frequently Asked Questions
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