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. Starts from ₹8,000/month + 18% GST (up to 50–75 transactions a month) + govt fees.

What is Accounting & Bookkeeping Services?

Regulatory Framework

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

Indicative Fee Structure

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

Accounting Packages

Engagement terms — reviewed 25 October 2026

• Fee: Virtual CFO retainer from ₹25,000 + 18% GST per month. Bookkeeping from ₹8,000 + 18% GST per month for up to 50–75 transactions a month; higher volumes are quoted.
• Extra / not included: Statutory filings (GST, TDS, ROC) are included only where the package says so.
• Turnaround: Monthly books closed within 10 working days of month-end when documents are received by the 5th.
• Who signs: The certificate is signed by V. Viswanathan FCA or another qualified Chartered Accountant of the practice, depending on the engagement.
• Entity: Engagement letter and invoice are issued by Virtual Auditor Private Limited.
• What to send first: Send bank statements, sales and purchase data, payroll, and the accounting software login.
• Next step: Send your enquiry on WhatsApp to +91 99622 60333; we confirm the scope, fee and timeline in writing before work starts.

Step-by-Step Process

Step 1

Onboard client and set up accounting software

Step 2

Connect bank feeds for automated reconciliation

Step 3

Record daily transactions and categorise

Step 4

Monthly bank reconciliation and P&L preparation

Step 5

Quarterly GST data preparation

Step 6

Year-end accounts closure and audit preparation

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.

When This Service Is 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 2026-27

This service page reflects the regulatory requirements as of November 2026, incorporating the Income-tax Act, 2025 (in force from 1 April 2026), the Finance Act, 2026, the GST notifications and circulars of October–November 2026, 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?

Every business must keep books, but the rules differ by entity. (a) A company must keep books of account on an accrual and double-entry basis at its registered office and preserve them for eight years (Section 128 of the Companies Act, 2013). (b) An LLP must keep proper books of account under Section 34 of the LLP Act, 2008. (c) Under Section 44AA of the Income-tax Act, 1961, persons in specified professions such as legal, medical, engineering and accountancy must keep books, as must a business whose income or turnover crosses the limits in that section (for individuals and HUFs, income above ₹2.5 lakh or turnover above ₹25 lakh in any of the three preceding years); for tax year 2026-27 onward the corresponding provision of the Income-tax Act, 2025 applies. (d) Every GST-registered person must keep accounts at its principal place of business (Section 35 of the CGST Act, 2017) and retain them for 72 months from the due date of the annual return (Section 36). Outsourced bookkeeping suits companies and firms without a full-time accounts team, startups preparing for investor due diligence, and businesses whose GST and TDS returns depend on reconciled books.

Penalties for Non-Compliance

Gaps in the books carry their own consequences: (a) a company officer responsible for the books who contravenes Section 128 is punishable under Section 128(6) of the Companies Act, 2013; (b) failure to keep books as required by Section 44AA attracts a penalty of ₹25,000 under Section 271A of the Income-tax Act, 1961; (c) under GST, goods or services not accounted for are treated as supplied and tax is determined on them (Section 35(6) of the CGST Act), and a general penalty of up to ₹25,000 can apply (Section 125); and (d) incomplete books delay the tax audit, statutory audit and annual ROC filings, each of which has its own late fees and penalties.

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.

What has changed in the law — reviewed October 2026

• Income-tax Act, 2025: assented to on 21 August 2025 and in force from 1 April 2026, it replaces the Income-tax Act, 1961 for tax year 2026-27 onward, and the Income-tax Rules, 2026 (notified 20 March 2026) replace the 1962 Rules. Section and rule numbers on this page are those of the 1961 Act and 1962 Rules, which continue to govern assessments, appeals and pending proceedings for assessment years up to 2026-27; for tax year 2026-27 onward the corresponding provisions of the 2025 Act apply, and our engagement letters quote both.