Balance Sheet Preparation in Ranchi
Get your balance sheet prepared accurately and on time. We prepare financial statements for businesses of every type, ready for tax filing, loans and audit.
A true picture of your business’s financial position
A balance sheet is a statement of what your business owns (assets), what it owes (liabilities) and what belongs to the owners (capital) on a particular date. It is a core financial statement for every business, and banks, tax authorities and investors rely on it.
We prepare your balance sheet from your books and records, verify balances such as bank, loans, debtors, creditors, stock and fixed assets, and present it in the correct format. For companies, we follow the format required by the Companies Act, 2013.
Who should use this service
- Proprietors and professionals who need financials for income tax filing
- Partnership firms and LLPs preparing annual accounts
- Companies, which must prepare financial statements every year
- Businesses applying for a bank loan or credit limit
- Businesses needing statements for tender, audit, visa or investor requirements
Why get it done by experts
Accurate and reconciled
Balances verified against records and bank statements.
Correct format
Follows the format for your type of business.
Ready for filing
Used for ITR, audit, ROC and bank applications.
CA-prepared
Prepared by experienced finance professionals.
Keep these ready
Scanned copies are enough to begin. We tell you if anything else is needed for your case.
Accounting records
- Books of account, or Tally data
- Bank statements for the year
- List of fixed assets and purchases of assets
- Stock or inventory details at year end
Balances and dues
- Debtors and creditors lists
- Loan statements and repayment schedules
- GST returns and TDS details
- Previous year’s balance sheet
How Around Tax works for you
Free consultation
We understand your business and what the statements are for.
Collect records
We gather books, bank statements and supporting documents.
Reconcile balances
We verify bank, loans, debtors, creditors, stock and fixed assets.
Prepare the balance sheet
We prepare it in the correct format with notes.
Review and deliver
We review it with you and give you the final statement.
What happens after
These are the usual follow-up steps. We can handle them for you.
- Use the balance sheet for your income tax return
- File ROC forms, for companies and LLPs, with the financial statements
- Share it with your bank for loan or limit applications
- Get an audit if applicable
- Plan next year’s accounts and cash flow
- Keep records safely for the period required by law
Common questions
What is a balance sheet?
A statement that lists a business’s assets, liabilities and owner’s capital as on a date, usually the end of the financial year.
Is an audit compulsory?
For companies, yes. For others it depends on turnover and other limits under the tax and other laws. We confirm what applies to you.
What is a provisional balance sheet?
A balance sheet prepared before the year’s accounts are finalised, often for a bank loan or limit. We prepare provisional statements when needed.
What is the difference between a balance sheet and a profit and loss account?
A balance sheet shows your position on a date. A profit and loss account shows your income and expenses over a period. Both are needed.
Can you prepare it if my books are incomplete?
Yes. We can help write up and reconcile your books first, then prepare the statements.
This page is general guidance. Around Tax is not a bank or lender. Loan sanction, amount, interest rate and terms are decided by the lender, and we cannot guarantee approval. Scheme limits, subsidies and rules change, so we confirm the current position before we begin.
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Register your balance sheet with Around Tax
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