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Bookkeeping & Accounting Guide

Set up books, close the month, reconcile tax and stay audit-ready.

Why bookkeeping matters

Accurate books drive correct GST and income tax, better loans and clearer decisions. Without them, filing is guesswork.

Set up your books

  • Chart of accounts and opening balances
  • Accounting software (Tally, Zoho Books, QuickBooks, Xero)
  • Weekly entry and bank reconciliation
  • Document filing and approvals

Monthly close checklist

  1. Reconcile bank, cash and cards
  2. Reconcile GST/VAT returns with books
  3. Accrue payroll and TDS
  4. Review MIS and variances

When to outsource

Outsourcing makes sense when volume grows or you need compliance reliability. See outsourced accounting and our Apskaita Solutions partnership.

Automation

AI can capture invoices and match transactions: what to automate.

Frequently asked questions

What accounting software is best for small businesses in India?

Tally and Zoho Books are common; choice depends on volume, GST needs and team skills.

How often should books be updated?

Weekly for entries, with a monthly close and reconciliation.

Do I need an accountant if I use software?

Software records transactions; an accountant ensures correct classification, compliance and review.

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