Bookkeeping & Bank Reconciliation
Starting from
₹2,999one-time
18% GST extra on professional fees
- Entry of sales, purchases and expenses
- Bank reconciliation for one account
- Ledger and trial balance
- Up to 300 vouchers
+ 2 more in this plan
Accounting & Audit
Financial Statements
Year-end balance sheet, profit and loss and notes prepared in the right format for ITR, bank loans, audit and ROC filing.
- From ₹4,999 / year + GST
- 5-8 working days after complete year-end information is received
- Confidential handling
About Financial Statements
Financial statements are the document you show the Income Tax Department, your bank, your investors and the Registrar of Companies. We finalise the year-end books and prepare statements that are correct, consistent and presented in the format that applies to your entity.
What is Financial Statements?
Preparation of financial statements means taking the closed ledgers and converting them into a balance sheet, a statement of profit and loss, and for companies a cash flow statement and notes, with schedules for fixed assets, depreciation, loans, debtors, creditors and stock. We pass year-end adjustments such as accruals, prepayments, depreciation, provisions and TDS and GST reconciliations.
Format depends on the entity. Companies follow Schedule III of the Companies Act and applicable accounting standards. Proprietors, partnership firms and LLPs usually follow the T-format or vertical format with the same underlying rigour. Where audit is needed, the statements are ready for the auditor with working papers.
Who needs this service?
You may need it if any of these describe you.
- Proprietors and professionals needing a balance sheet for ITR-3 or a loan
- Partnership firms and LLPs closing the financial year
- Private limited companies that must file annual accounts with the ROC
- Businesses applying for a bank loan, MUDRA or credit limit needing CMA data
- Startups preparing for investor due diligence
Benefits
Right format
Schedule III for companies, T-format or vertical format for others.
Tax-consistent
Depreciation, TDS and GST figures agree with the returns already filed.
Loan ready
Provisional and projected statements for bank, CMA data and ratios are available.
Audit handover
Trial balance, schedules and working papers are given to the auditor in one pack.
Comparative figures
Previous year numbers are included and regrouped where needed.
Types of Financial Statements
Proprietorship and professional accounts
Balance sheet and profit and loss for ITR-3 or presumptive-to-regular transitions.
Partnership and LLP accounts
Capital accounts, partners' remuneration and interest as per deed or agreement.
Company financial statements
Schedule III balance sheet, profit and loss, cash flow, notes and director's report inputs.
Provisional and projected statements
Management or bank-oriented provisional accounts and future projections.
Eligibility requirements
- Books of account for the full year must be complete, or we can complete them under the Accounting & Bookkeeping service.
- Opening balances must agree with the previous year's audited or filed statements.
- For companies, the final numbers are subject to audit and approval by the Board.
Documents required
Keep these ready to avoid delays. Send scans or photos over WhatsApp - never share passwords or OTPs.
Books and statements
- Closed trial balance and ledgers
- Bank statements and bank reconciliation for 31 March
- Last year's balance sheet, depreciation chart and ITR
Year-end schedules
- Stock statement and valuation basis
- Fixed asset additions and sales with invoices
- Debtors, creditors, loans and advances confirmations
- TDS 26AS or AIS, and GST returns for reconciliation
For companies
- Share capital and director details
- Related party list and transactions
- Statutory dues paid and pending
Step-by-step process
- Collect closing dataWe receive trial balance, bank statements and year-end schedules.
- Year-end adjustmentsAccruals, prepayments, depreciation, provisions and reclassifications are passed.
- ReconcileBooks are tied to bank, GST returns, TDS and Form 26AS or AIS.
- Draft statementsBalance sheet, profit and loss, schedules and notes are drafted.
- Review with youWe explain key numbers, and finalise after your confirmation.
- HandoverFinal statements in PDF and Excel are shared; the auditor pack follows if an audit applies.
Applicable rules & regulations
Plain-English notes. Always verify against the official notification.
| Section / rule / form | What it means |
|---|---|
| Section 129 Companies Act 2013 and Schedule III | Financial statements must give a true and fair view and follow the format in Schedule III. |
| Section 134 | Approval, signing and Board's report requirements for company financial statements. |
| Section 137 and Rule 12 | Companies file financial statements in FORM AOC-4 with the ROC after adoption at the AGM. |
| Section 44AB Income-tax Act 1961 | Tax audit applies when turnover or receipts cross specified limits; statements must be ready for the auditor. |
| Accounting Standards / Ind AS | Applicable standards depend on the company's class and size, as notified by MCA. |
Important due dates
Statutory dates can be extended by notification - check the official portal before relying on them.
| Activity | Due date |
|---|---|
| Company AGM for adoption of accounts | Generally within six months of financial year-end (30 September for a 31 March year-end) |
| AOC-4 filing | Within 30 days of the AGM |
| ITR where audit applies | As notified by the CBDT for the assessment year |
Transparent pricing
Plans from our Accounting Services Pricing list. Government charges and GST are shown separately.
Financial Statements
Starting from
₹4,999/ year
18% GST extra on professional fees
- Profit and loss account and balance sheet
- Depreciation schedule
- Closing stock and adjusting entries
- Notes to accounts (basic)
+ 2 more in this plan
Tax Audit (Section 44AB)
Starting from
₹7,999/ year
18% GST extra on professional fees
- Tax audit report in Form 3CB-3CD / 3CA-3CD
- Examination of books and clause-wise disclosures
- TDS and GST compliance cross-check
- Reconciliation with financial statements
+ 2 more in this plan
Statutory Audit
Starting from
₹14,999/ year
18% GST extra on professional fees
- Audit under the Companies Act / LLP Act as applicable
- Audit planning, vouching and verification
- Independent auditor report and CARO review
- Board / partner observations letter
+ 2 more in this plan
Package comparison
| Feature | Bookkeeping & Bank Reconciliation | Financial Statements | Tax Audit (Section 44AB) | Statutory Audit |
|---|---|---|---|---|
| Bookkeeping entries | Up to 300 | |||
| Bank reconciliation | ||||
| P&L and balance sheet | Reviewed | Audited | ||
| Audit report | Tax audit | Statutory | ||
| Depreciation schedule | ||||
| Portal filing of report | Support | |||
| Management letter |
Government fees & professional fees
We never mark up government payments.
Professional fee
From ₹4,999 per year for a small proprietorship or firm. Companies, multi-location entities and large ledgers are quoted after reviewing the books.
Government charges
No government fee for preparing statements. ROC filing fees and audit fees, where applicable, are separate.
Other costs
Cash flow statement, consolidated statements, CMA data and projections are available on request at additional cost.
Deliverables
What you receive from us.
- Balance sheet and profit and loss account
- Schedules and notes
- Depreciation and fixed asset register
- Final trial balance
- Auditor handover pack, where applicable
Turnaround time
5-8 working days after complete year-end information is receivedTimelines assume complete, correct documents and, where applicable, timely action by the government portal or authority.
Why choose SK Wealth Tax Advisor?
- Experienced Professional SupportEvery file is handled by a person who knows the rules, not a call centre script.
- Transparent & Affordable PricingProfessional fees, government charges and GST are shown separately.
- Timely Filing & ComplianceWe track due dates for you and remind you before they arrive.
- Complete Business SolutionsRegistration, accounting, tax, ROC and licences under one roof.
- Digital & Paperless ServicesShare documents securely online. No office visit needed.
- Personalized Tax PlanningAdvice based on your income, goals and the regime that suits you.
Financial Statements - FAQs
Do I need financial statements if I file under presumptive taxation?
Under sections 44AD or 44ADA you need not maintain full books, but lenders often ask for a balance sheet. We can prepare a simple one.
What is the difference between provisional and final accounts?
Provisional accounts are management or bank-purpose numbers before closing entries and audit. Final accounts reflect all adjustments and, where required, the audited position.
Will the statements match my ITR?
Yes, we align figures with the return and with Form 26AS or AIS; any difference is explained in a reconciliation.
Can you finalise accounts for a past year?
Yes, provided books exist or can be written up. We also help with belated or revised returns where permitted.
Do companies need a cash flow statement?
Generally yes, subject to the exemptions available in the Companies Act and the standards for certain classes, such as one-person and small companies.
Is audit included?
No. Preparation and audit are separate; for audit see the Statutory Audit or Tax Audit services.
Get started with Financial Statements
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Contact us
- +91 98765 43210
- Chat on WhatsApp
- info@skwealthtax.com
- A-123, Sector-18, Rohini, New Delhi – 110085
- Mon – Sat: 10:00 AM – 7:00 PM