Accounting That Helps You Run the Business

Books should do more than satisfy a filing requirement.

Accounting and bookkeeping is the regular recording, reconciliation and closing of a business's financial transactions. It is relevant to SMEs, manufacturers, professionals, startups and family businesses in Pune and PCMC whose books are behind, outsourced loosely or maintained only at year end for tax filing.

Structured accounting should help management understand receivables, payables, profitability, cash flow, taxes and working capital. TaxPro coordinates periodic accounting, reconciliations and monthly closure so that GST, TDS and annual filings rest on books that are already in order.

Improve Your Accounts Function

When Is This Required?

Accounting support is usually needed when:

  • Books are updated only when the auditor or tax return deadline approaches.
  • Bank, GST and TDS balances do not agree with the accounts.
  • The owner cannot see which customers owe money or which suppliers need to be paid.
  • The business is growing and a single accountant or spreadsheet is no longer enough.
  • A lender, investor or auditor asks for monthly figures.
  • You want management reports (MIS) but the underlying books are unreliable.

Reliable books also reduce time spent at year-end audit and tax filing.

What We Help With

  • Daily / periodic accounting
  • Bank reconciliation
  • Customer ledgers
  • Vendor ledgers
  • GST reconciliation
  • TDS reconciliation
  • Monthly closing
  • Profit & loss review
  • Balance-sheet review
  • MIS
  • Receivable ageing
  • Payable ageing

Documents / Information Required

To maintain books we typically need:

  • Sales invoices and purchase bills, with credit and debit notes.
  • Bank statements and, where applicable, credit card and loan statements.
  • Expense vouchers, cash records and petty cash details.
  • Payroll data and statutory payment challans, if payroll is processed.
  • GST and TDS returns, challans and portal statements.
  • Opening balances, fixed asset records and previous audited accounts or trial balance.
  • Access to the accounting software in use, or details of the preferred one.

Your professional may ask for more or less depending on the facts.

Our Process

  1. Understand. We look at how transactions occur in your business and how books are kept now.
  2. Map. We define the chart of accounts, reporting needs and the reconciliations that should happen each month.
  3. Coordinate. A document-sharing routine is agreed so that bills, statements and vouchers reach the team regularly.
  4. Execute. Entries are recorded and bank, party, GST and TDS balances are reconciled.
  5. Review. Each month is reviewed before closure, with queries and unusual balances raised with management.
  6. Stay Ahead. Closed books flow into GST, TDS, MIS and year-end filings without a last-minute rush.

Common Issues We See

  • Books not closed monthly. Entries pile up, errors compound, and year-end becomes a clean-up exercise.
  • Bank reconciliation pending for months. Unexplained differences hide duplicate payments, missed receipts or wrong party postings.
  • Party ledgers do not match. Customers and vendors dispute balances because adjustments, advances and credit notes were not posted.
  • GST and TDS not reconciled to books. Tax liabilities in the returns differ from the accounts, which is found at audit or notice stage.
  • Personal and business expenses mixed. Owner drawings and business costs are not separated, distorting profit.
  • Reports that do not help decisions. Management receives a trial balance but not ageing, margin or cash-flow views.

Frequently Asked Questions

What is the difference between accounting and bookkeeping?

Bookkeeping records day-to-day transactions. Accounting also includes reconciling, classifying, closing the books and reviewing the financial statements. We cover both.

Which accounting software do you work with?

We work with commonly used accounting software and can follow your existing set-up or help choose one. The right tool depends on volume, GST needs and who inputs the data.

Can you take over books that are months behind?

Yes, subject to the quality of the records available. We usually begin with a review of the backlog, then catch up and move to a monthly cycle.

Do you also handle GST and TDS returns?

Accounting is linked closely to returns, so we coordinate with our GST compliance and TDS work. Where another professional files them, we reconcile to what they file.

What is monthly closing?

It is the routine of finishing all entries and reconciliations for a month, reviewing the results and locking the period, so that reports are reliable.

Does this replace my in-house accountant?

Not necessarily. We can support, review or take over parts of the function, depending on what your business needs.

Discuss Your Requirement

Tell us how your books are maintained today. We will help identify what needs to change.

Discuss Your Requirement