Bookkeeping
Monthly bookkeeping — recording sales, purchases, expenses, receipts and payments, with bank, GST and vendor reconciliations.
- Estimate Cost
- ₹3,000 – ₹25,000
- Typical duration
- 7 days
Service overview
Recording a business's day-to-day financial transactions — sales, purchases, expenses, receipts and payments — in its accounting software, and reconciling them with bank statements, GST data and party ledgers so the books are always current and reliable.
Who needs it? / When is it needed?
- Startups, proprietors, firms and companies without an in-house accountant
- Businesses whose books are behind or unreconciled
- Owners preparing for GST returns, tax filings, audits or loan applications
What to expect from the WCP Professionals
- Set-up or review of the chart of accounts in your accounting software
- Recording of sales, purchases, expenses, receipts and payments from source documents
- Monthly bank reconciliation and follow-up of unmatched entries
- Reconciliation of GST input and output with GSTR-2B and returns
- Debtor and creditor ledger reconciliation and ageing
- Month-end closing with trial balance
Key deliverables
- Updated books of account in your software
- Monthly bank reconciliation statements
- Trial balance and ledger reports
- Debtor and creditor ageing reports
- List of missing documents and open items
Standard turnaround time
- Monthly cycle: books closed within 5–10 working days of month end after documents are received
- Backlog clean-up: quoted by volume, typically 1–4 weeks
Government fees, timelines & key outcomes
No government fee for bookkeeping.
Key outcomes: current, reconciled books that support GST and income tax returns, audits and management decisions.
Forms & filings involved
- No statutory form is filed for bookkeeping itself
- Books support GSTR-1 / GSTR-3B, TDS returns and income tax returns, which are filed separately where engaged
Documents required
- Sales and purchase invoices
- Expense bills and receipts
- Bank and credit-card statements
- Payment-gateway and marketplace settlement reports
- Loan statements and fixed-asset invoices
What we need from you
- Read or data-entry access to your accounting software
- Documents shared regularly, ideally weekly
- A contact to explain unusual transactions
Important conditions
Books are only as accurate as the documents supplied; unexplained transactions are flagged rather than guessed.
Companies must keep books in software with an audit trail (edit log) that cannot be disabled, and preserve books for eight years.
Additional information
Every company must maintain books of account under Section 128 of the Companies Act, 2013, and specified businesses and professionals must keep books under Section 44AA of the Income-tax Act.
The service can be monthly, quarterly or a one-time backlog clean-up.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
What does bookkeeping include?
Recording transactions, reconciling bank and GST data, maintaining party ledgers and closing the books each month with a trial balance.
How long must books be preserved?
Companies must preserve books of account for eight years; income tax rules also require books to be kept for several years.
Can bookkeeping be done on my existing software?
Yes. Professionals work on Tally, Zoho Books, QuickBooks or your ERP with the access you provide.
What is an audit trail requirement?
Companies must use accounting software that records an edit log of every change, which cannot be disabled, since 1 April 2023.