Tax & Accounting

Accounting & Bookkeeping

Bookkeeping records and classifies day-to-day financial transactions; accounting turns those records into reconciliations, ledgers, management reports and compliant financial statements.

Starting priceCustom quotation

Estimated timelineMonthly books are commonly closed within 5–10 business days after complete records are received.

✓ Exact document checklist✓ Transparent fee split✓ Authority filing support✓ Post-completion checklist

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Finance professional reviewing GST and accounting records

AuthorityNo registration authority; records must support obligations under tax, GST and entity laws

Official filing destination

Realistic timeframeConfirmed after review

After complete documents

Information reviewedJuly 2026

Verify case-specific rules before filing

Service definition

What Accounting & Bookkeeping means

Bookkeeping records and classifies day-to-day financial transactions; accounting turns those records into reconciliations, ledgers, management reports and compliant financial statements.

Who this service is suitable for

Startups without an in-house finance team
GST-registered businesses
Founders needing monthly visibility
Companies and LLPs preparing for tax, audit or fundraising

Eligibility requirements

Accessible bank, sales, purchase and expense records
Defined financial period and accounting basis
Opening balances or prior books
Timely founder/team approval of queries

Key benefits

Reliable cash-flow and profit visibility
Cleaner GST and tax filings
Fewer missing-invoice and duplicate-entry issues
Audit and diligence readiness

Limitations and important considerations

Output quality depends on source records
Bookkeeping does not replace management approval or audit
Personal and business transactions must be separated
Inventory, payroll and multi-currency may require extra systems

Exact preparation list

Documents required

Clear, current and matching records reduce avoidable queries. Foreign documents may need notarisation or apostille where stated.

Bank and card statements

Sales invoices and credit notes

Purchase/expense bills

GST returns and e-invoice data

Payroll and reimbursement data

Loan and fixed-asset records

Prior trial balance and ledgers

Inventory reports where applicable

Application process

Step by step

Monthly books are commonly closed within 5–10 business days after complete records are received.

Confirm chart of accounts and opening balances

Collect and organise monthly source records

Post and classify transactions

Reconcile banks, customers, vendors and statutory ledgers

Resolve exceptions with the business

Close period and issue agreed reports

Transparent pricing

Professional, government and optional costs

No government charge is presented as a CorpFile fee. Your final quotation confirms the exact scope before payment.

CorpFile professional feeStarting at ₹2,500/month

Low-volume basic bookkeeping; final fee depends on transactions and scope

Software subscriptionIf applicable

Quoted separately or client-provided

Tax filing/auditNot included

Separate engagement unless listed

What’s included

Agreed monthly transaction volume
Bank reconciliation
Basic receivable/payable ledgers
Trial balance and P&L
Monthly exception list

What’s not included

Government fee, stamp duty or authority charges unless expressly listed
Notary, apostille, courier, translation or physical visit costs
Work triggered by litigation, hearing, inspection or a material scope change
Statutory audit, tax return, payroll or inventory management unless quoted

Customer handover

Exact deliverables you receive

✓

Updated ledgers

✓

Bank reconciliation

✓

Trial balance

✓

Profit and loss statement

✓

Balance sheet where scope and opening data permit

✓

Query/exception report

Common application mistakes

Submitting records only at year-end
No supporting invoice
Mixing founder spending with company spending
Unreconciled GST and books
Changing opening balances without audit trail

Common rejection, objection or delay reasons

Missing statements
Unexplained transfers
Incomplete opening balances
Large unreconciled vendor/customer ledgers
Late query responses

Location matters

State-specific cost or procedure

Accounting principles are not state-specific, but state professional tax, labour welfare and local levies may add ledgers and filing needs.

Post-completion compliance

Retain books and source records for applicable periods
Reconcile books with GST/TDS and tax filings
Complete year-end closing and audit where required
Maintain entity-level separation and approvals

Validity and renewal

How long it remains valid

Ongoing monthly or periodic service; there is no certificate validity.

Non-compliance risk

Penalties and practical consequences

These are common risks, not a substitute for advice on an existing default or notice.

What can go wrong

Poor books can lead to tax disallowances and notices
Missing statutory records can attract entity-law penalties
Unreconciled taxes can cause interest, credit loss or incorrect returns

Service-specific answers