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Financial Advisory

Accounting & Bookkeeping

Practice01/06

Transaction Recording.

Note01
Sales, purchases, receipts, and payments recorded daily with IRP-ready vouchers.
Index06 Practices
01Transaction Recording
02Account Classification
03Ledger Maintenance
04Bank Reconciliation
05Trial Balance Preparation
06Software Implementation

The Scope of Our Services

From daily transaction entry to monthly reconciliations, we maintain organised financial records aligned with current GST portal requirements and Ind AS standards.

Transaction Recording

Chronological recording of all financial transactions—sales, purchases, receipts, and payments—with documentation structured for e-invoicing and IRP validation requirements.

Account Classification

Systematic categorisation per Ind AS standards and your chart of accounts, ensuring HSN code accuracy for GST compliance and e-invoice generation.

Ledger Maintenance

Upkeep of general and subsidiary ledgers with regular posting, maintaining the ledger balance accuracy that GST portal validations now require.

Bank Reconciliation

Monthly reconciliation of bank statements with your records, identifying discrepancies and ensuring accuracy before GST return filing deadlines.

Trial Balance Preparation

Regular preparation of trial balances to verify mathematical accuracy and support the enhanced disclosure requirements under recent Ind AS amendments.

Software Implementation

Setup of GST-compliant cloud accounting software with IRP integration, automated GSTR preparation, and multi-factor authentication for e-invoicing.

Why Organised Records Matter

With automated GST portal validations now blocking filings for ledger discrepancies, accurate bookkeeping has become operationally essential.

  • Ledger accuracy that meets GST portal validation requirements for GSTR-3B filing
  • Documentation structured for 30-day e-invoice reporting timelines
  • ITC reconciliation ready for GSTR-2B matching and verification
  • Clear audit trails supporting MCA annual filings and statutory reviews
  • Real-time visibility into cash flow, receivables, and expense patterns
  • Sound basis for management decisions and Ind AS compliant reporting

Our Methodical Approach

Step 1

Document Collection

We gather your invoices, receipts, bank statements, and source documents through secure channels, organising them for e-invoice compliance and IRP validation.

Step 2

Transaction Recording

Each transaction is recorded chronologically with correct HSN codes and tax classifications, maintaining the accuracy that automated GST validations require.

Step 3

Classification & Posting

Transactions are classified per Ind AS standards and posted to the general ledger, ensuring consistency with GST return requirements and e-invoicing formats.

Step 4

Reconciliation

Bank accounts, receivables, and ITC ledgers are reconciled monthly, with discrepancies resolved before the filing window closes on GST returns.

Step 5

Compliance Verification

We verify ledger balances meet GST portal conditions, check ITC eligibility against GSTR-2B, and confirm e-invoice reporting status before deadlines.

Step 6

Reporting & Handover

You receive organised records with GST-ready summaries, supporting your GSTR filings, MCA annual returns, and management review requirements.