Good accounting and audit services include monthly bookkeeping, financial statements, GST and TDS reconciliation, statutory audit, tax audit where applicable, and clear reports. They give you accurate profit, timely compliance and credibility with banks and investors.
Key takeaways
- Monthly bookkeeping beats a year-end clean-up.
- Statutory audit is mandatory for companies; tax audit applies above specified limits.
- Reconciliation of GST, TDS and books avoids notices.
- Ask for reports you can actually use.
01Accounting services
- Bookkeeping and monthly closing
- GST, TDS and bank reconciliation
- Payroll processing
- Management reports and cash flow
02Audit services
| Audit | Applies to |
|---|---|
| Statutory audit | Every company, every year |
| Tax audit | Business turnover above ₹1 crore (₹10 crore with limited cash), or professionals above ₹50 lakh |
| LLP audit | Turnover above ₹40 lakh or contribution above ₹25 lakh |
| Internal audit | Larger companies and those wanting stronger controls |
Tax audit thresholds and report due dates can change. Confirm the current limits before the financial year closes.
03How to prepare
- Keep invoices, bank statements and vouchers organised monthly
- Reconcile receivables and payables before year end
- Share access to accounting software with your CA
See our accounting and audit pages.
Frequently asked questions
Is audit compulsory for small businesses?
Companies must be audited every year. Others depend on turnover and the tax audit limits.
What is the difference between statutory and tax audit?
Statutory audit is under the Companies Act; tax audit is under income tax law for businesses above limits.
How often should books be updated?
Monthly is best.
Do you provide cloud accounting?
We work with cloud accounting tools so you can see your numbers anytime.
This guide is general information based on Indian law as understood in October 2026. Rules, fees and due dates change, so confirm current requirements with a qualified Chartered Accountant before you act. It is not professional advice.