Accounting & Book-keeping in Ranchi
Keep your books accurate and up to date without the hassle. Our team records your transactions, reconciles your accounts and gives you clear monthly reports.
Reliable books are the foundation of your business
Book-keeping is the day-to-day recording of your sales, purchases, receipts, payments and expenses. Accounting turns those records into ledgers, trial balances and financial statements that show how your business is really doing.
Good books make everything else easier: GST and TDS returns, income tax, loans, audits and decisions on pricing and cost. We maintain your books regularly, reconcile your bank accounts, keep them ready for GST, TDS and audit, and send you simple monthly reports. Companies are also required to use accounting software with an audit trail, and we make sure your setup meets that.
Who should use this service
- Shops, traders and wholesalers with daily transactions
- Startups and small companies without an in-house accountant
- Professionals and consultants who want clean books for tax
- Firms and companies that must keep proper books under the law
- Businesses with backlog or messy books that need to be put right
Why get it done by experts
Accurate records
Every transaction recorded and classified correctly.
Bank reconciliation
Books matched to bank statements.
Monthly MIS
Clear reports on sales, expenses and profit.
Audit-ready
Organised books with proper audit trail.
Keep these ready
Scanned copies are enough to begin. We tell you if anything else is needed for your case.
Transaction records
- Sales invoices and receipts
- Purchase bills and expense vouchers
- Bank and credit card statements
- Cash book or cash expense details
Other details
- Salary and payroll details
- Loan, EMI and asset purchase details
- Stock or inventory details, if applicable
- Previous year’s balances and the existing books or Tally data
How Around Tax works for you
Free consultation
We understand your business and reporting needs.
Set up your books
We create your chart of accounts and opening balances.
Regular data entry
We record transactions weekly or monthly, as you prefer.
Reconcile and review
We reconcile bank, debtors, creditors and review for errors.
Reports and year-end
We send monthly reports and prepare the books for year-end closing.
What happens after
These are the usual follow-up steps. We can handle them for you.
- Review the monthly MIS and take decisions on cost and pricing
- File GST and TDS returns from the accounts
- Pay advance tax based on actual profit
- Prepare financial statements and income tax return at year end
- Keep records for the period required by law, generally 8 years for companies and 6 years for GST
- Back up your accounting data regularly
Common questions
Is it legally compulsory to maintain books?
Companies and LLPs must maintain books of account, and so must most businesses and professionals above prescribed income or turnover limits under the tax laws. Even where not compulsory, books are essential for loans and tax filing.
What is the difference between book-keeping and accounting?
Book-keeping is recording transactions. Accounting classifies and summarises them into statements and analysis. We do both.
How often should books be written?
Monthly at a minimum for most businesses, and weekly or daily for high-volume ones. We agree a schedule with you.
What is the audit trail requirement?
Companies must use accounting software that records every change to the books, and the audit trail cannot be switched off. We use software that meets this requirement.
Can you fix old or incomplete books?
Yes. We can write up and reconcile back periods so your accounts are complete, then continue regularly.
Is my data safe?
We handle your records confidentially and keep backups. We tell you how data is shared and stored before we start.
This page is general guidance as we understand current law and accounting practice. Legal requirements, thresholds, formats and software features change, so we confirm the latest position for your business before we begin.
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