Accounting & Bookkeeping Services

Professional bookkeeping ensures financial records are accurate, up-to-date, and compliant with Indian Accounting Standards. Virtual Auditor provides: transaction recording, bank reconciliation, monthly P&L and balance sheet, cash flow statement, GST return preparation, TDS compliance, payroll processing, and statutory audit support. We work with Tally Prime, Zoho Books, QuickBooks, and Xero — adapting to your existing software or recommending the best fit. Quick Answer: Accounting & Bookkeeping Services — Accounting and bookkeeping by CA firm. Monthly P&L, balance sheet, bank reconciliation, GST returns, TDS filing. For startups and SMEs. From ₹5,000/month.

Accounting & Bookkeeping Services is a service offered by Virtual Auditor, an AI-powered CA and IBBI Registered Valuer firm (IBBI/RV/03/2019/12333) led by CA V. Viswanathan (FCA, ACS, CFE, IBBI RV), specialising in accounting, bookkeeping, and tax compliance, from offices in Chennai, Bangalore, and Mumbai since 2012.

Source: Indian Accounting Standards (Ind AS), Companies (Accounts) Rules 2014 Official References: EPFO Portal ↗ · ESIC Portal ↗

Regulatory Framework

Regulatory basis: Indian Accounting Standards (Ind AS). Companies (Accounts) Rules, 2014. Income Tax Act Section 44AB (Tax Audit).

Indicative Fee Structure

Bookkeeping (up to 100 transactions/month)

From ₹5,000/month

Bookkeeping (100-500 transactions)

From ₹10,000/month

Including GST return filing

Included

*Prices are indicative. Actual fees depend on complexity, capital structure, and regulatory requirements. Contact us for a detailed quote.

Accounting Packages

People Also Ask

What does bookkeeping service include?

Transaction recording, bank reconciliation, monthly P&L and balance sheet, cash flow statement, GST return preparation, and TDS compliance. We work with Tally Prime, Zoho Books, QuickBooks, and Xero.

How much does accounting service cost?

From ₹5,000/month for up to 100 transactions. Includes bookkeeping, bank reconciliation, P&L, balance sheet, and GST return preparation. TDS filing and payroll are add-on services.

How Virtual Auditor Delivers This Differently

Integrated with Tally Prime, Zoho Books, QuickBooks, and Xero. Automated bank feed reconciliation, GST return auto-population from purchase/sales registers, TDS computation and challan generation, and monthly MIS dashboard with variance analysis — reducing manual bookkeeping effort by 70%.

Need Help With This?

Free 30-minute consultation with CA V. Viswanathan, FCA, ACS, CFE, IBBI RV. No obligation.

Step-by-Step Process

Virtual Auditor vs Self-Filing vs Online Aggregators

When it comes to accounting & bookkeeping services, you have three choices: self-filing through government portals, using an online aggregator, or engaging a qualified CA firm like Virtual Auditor. Self-filing saves fees but risks errors that trigger notices and penalties. Online aggregators offer low-cost templated services but lack the expertise to handle complications. Virtual Auditor provides practitioner-level expertise with personalised attention — every engagement is supervised by CA V. Viswanathan (FCA, ACS, CFE, IBBI RV), ensuring accuracy, regulatory compliance, and strategic advisory that goes beyond mere filing.

Recent Engagement — How We Helped

Context: a mid-sized real estate developer suspected of revenue diversion by a minority shareholder group.

Challenge: The majority shareholders alleged that project revenues were being siphoned through related-party transactions with shell entities controlled by the management team. Standard statutory audit had not flagged any irregularities.

Our approach: We deployed forensic data analytics across 3 years of bank statements, journal entries, and vendor payments, identifying circular transaction patterns through Benford's Law analysis and network mapping of vendor relationships. We traced fund flows through 7 entities and reconstructed the diversion chain.

Outcome: Our forensic report identified Rs 8.5 crores in diverted funds across 42 transactions. The report was used as evidence in NCLT proceedings under Section 241/242 of the Companies Act. The tribunal ordered recovery of the diverted funds and removal of the erring directors.

This engagement illustrates Virtual Auditor's approach to accounting & bookkeeping services — combining regulatory expertise with practical execution to deliver results within the client's timeline.

When Is Accounting & Bookkeeping Services Not Required?

Outsourced bookkeeping may not be required when: (a) the company has an in-house accountant handling daily bookkeeping and compliance, (b) the business has fewer than 10 transactions per month with no GST liability, (c) the proprietor maintains accounts personally using accounting software, or (d) the company is dormant with no active transactions. Professional bookkeeping becomes essential when transaction volume, GST compliance, or audit requirements exceed in-house capacity.

If you are unsure whether your situation requires accounting & bookkeeping services, contact us for a free preliminary assessment. We will advise you honestly — including telling you if you do not need our services.

Documents Required

The following documents are needed to initiate the accounting & bookkeeping services process:

Audited financial statements for the period under review, trial balance with sub-ledger details, bank statements for all accounts, fixed asset register, loan agreements and sanction letters, related party transaction details, statutory compliance records (GST returns, TDS returns, ROC filings), and minutes of board meetings and general meetings.

We provide a personalised document checklist after the initial consultation, tailored to your specific entity type and situation. Documents can be shared securely via email or our client portal.

What You Receive

Upon completion of the accounting & bookkeeping services engagement, you will receive: Audit report in the prescribed format (CARO, tax audit report Form 3CD, etc.), management letter highlighting observations and recommendations, detailed working papers (provided to management on request), compliance summary with risk areas identified, and a presentation-ready summary for board/stakeholder review.

All deliverables are reviewed by CA V. Viswanathan (FCA, ACS, CFE, IBBI RV) before release to ensure accuracy and regulatory compliance.

Updated for FY 2025-26

This service page reflects the latest regulatory requirements as of March 2026, incorporating changes from the Union Budget 2025, recent MCA notifications, CBDT/CBIC circulars, and RBI master directions applicable to accounting & bookkeeping services. Virtual Auditor continuously monitors regulatory updates to ensure all advice and filings are current.

Who Needs Accounting & Bookkeeping Services?

This audit or review is mandatory for: (a) businesses with turnover exceeding Rs 1 crore (Rs 10 crores if cash transactions are below 5% of total), (b) professionals with gross receipts exceeding Rs 50 lakhs under Section 44AB, (c) companies required to have statutory audit under the Companies Act 2013, (d) entities covered under cost audit rules (manufacturing companies above specified thresholds), (e) listed companies and large unlisted companies requiring secretarial audit, and (f) any entity directed by a regulatory authority to undergo a specific audit.

Penalties for Non-Compliance

Non-compliance with audit requirements can result in: (a) penalty of 0.5% of turnover or Rs 1,50,000 (whichever is less) for failure to get tax audit under Section 271B, (b) disallowance of deductions and exemptions claimed in the return if audit is not conducted, (c) penalty on the auditor for professional misconduct under ICAI regulations, (d) additional scrutiny and assessment proceedings by the income tax department, and (e) personal liability of directors for failure to maintain proper books of accounts under Section 128 of the Companies Act.

Proactive compliance is always cheaper than penalty. Contact Virtual Auditor for a compliance health check to identify and address any gaps before they become liabilities.

Why Choose a CA Firm Over Self-Filing or Aggregators?

Self-filing through government portals is an option for straightforward cases, but it carries risks — incorrect classification, missed deductions, or procedural errors that can trigger notices and penalties. Online aggregators offer low prices but use templated approaches without understanding your specific regulatory situation. Virtual Auditor provides practitioner-grade expertise: every engagement is handled by qualified professionals (FCA, ACS, CFE, IBBI RV) who understand the regulatory nuances, anticipate complications, and provide ongoing support beyond the filing.