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Financial Services

Accounting & Bookkeeping

Recurring bookkeeping for small and mid-sized businesses: entries recorded, bank accounts reconciled, and ledgers closed on a regular cycle rather than assembled in a rush before a filing deadline. Books that are current are the difference between a GST return that reconciles and one that is a reconstruction.

What you get

  • Sales, purchase, expense and journal entries recorded on a fixed cycle
  • Bank and payment gateway accounts reconciled against statements every period
  • Debtor and creditor ledgers maintained with ageing, so overdue money is visible
  • Books maintained in Tally or an equivalent, and kept portable to you
  • Monthly trial balance, profit and loss and balance sheet
  • Books aligned to the GST and TDS filings, so the return and the ledger agree

How it works

  1. 1Set up the chart of accountsLedgers are structured to match how your business actually reports, and any opening balances are brought in and agreed with you before the first period is posted.
  2. 2Data in on a fixed cycleInvoices, expenses and bank statements come across on an agreed rhythm. A fixed cycle is what keeps the reconciliation small enough to be worth doing.
  3. 3Record and reconcileEntries are posted and bank accounts reconciled for the period. Anything that cannot be matched is queried while the transaction is still recent enough for someone to remember it.
  4. 4Close and reportThe period is closed and the trial balance and statements go to you, with the same figures feeding the GST and TDS filings.