Bookkeeping and Accounting Services in India for startups and SMEs

What are bookkeeping and accounting services?

Bookkeeping and accounting services are the day-to-day recording of your business transactions and the monthly work that turns those records into reliable reports. Bookkeeping means entering sales, purchases, receipts, payments and expenses in the books. Accounting goes further. It covers reconciliations, adjustments, financial statements and the analysis that helps an owner decide. With outsourced bookkeeping and accounting services from BizSetups, you get a dedicated team that keeps your books accurate and GST-ready every month, without the cost of building a full in-house finance department.

Why accurate bookkeeping and accounting matter

Good books are not only for the tax return. They show whether you are making a profit, who owes you money, when cash will run short and how much tax you owe. Banks look at your statements before they lend. Investors look at your MIS before they invest. Authorities look at your books when they send a notice. A company must also maintain books of account under the Companies Act, 2013, and an LLP has its own filing duties, so weak records can lead to delays and avoidable cost. You can read the primary source on the GST portal for the invoice and return rules that your books must support.

What our bookkeeping and accounting services include

• Bookkeeping: daily or periodic recording of transactions, categorising income and expenses, and maintaining the general ledger.
• Accounts payable: tracking vendor bills and payments so you pay on time and use credit terms well.
• Accounts receivable: invoicing, follow-ups and ageing of customer dues.
• Bank reconciliation: matching your books with bank statements to catch errors and unusual entries.
• Financial reporting: monthly and annual Profit and Loss, Balance Sheet and Cash Flow statements.
• Payroll: salary computation, payslips and statutory deductions, linked to PF and ESI filings.
• Tax support: data for GST and TDS returns and for income tax filing.
• Virtual CFO: budgets, forecasts, cash flow planning and profitability review.

Monthly reconciliations and MIS

Every month we close the books in a set order. We post all transactions, reconcile each bank, credit card and wallet account, match vendor and customer balances, review expense heads, and then prepare the MIS pack. A typical MIS pack shows the Profit and Loss, the Balance Sheet, key ratios, receivables and payables ageing and a short note on variances. Reconciling every month is the habit that catches errors early. A mistake found in the same month is a small fix, and one found at year end can mean a day of rework.

GST-ready books

GST-ready books mean that your sales and purchase records agree with the returns you file. We match your sales register with GSTR-1, reconcile purchases with the auto-populated statement of input tax credit, check the tax liability against GSTR-3B, and flag mismatches before the filing date. Correct HSN or SAC codes, tax rates, place of supply and invoice details are checked at the booking stage. If you need a return filed, our GST consultancy team can file it. If you only need the books, we make sure the data is clean enough for any filer to use.

Tools we work with, including Zoho Books

We work on the accounting software you already use, such as Tally or Excel, and we can also move you to cloud software. BizSetups is a Zoho Authorized Partner. If you want automatic bank feeds, approvals, invoicing and live dashboards, explore Zoho Books finance automation or Zoho Books implementation and migration. The right tool depends on your volume and your team.

Who should choose outsourced bookkeeping and accounting services?

Startups that do not yet need a full-time accountant, SMEs that want a second pair of experts, and growing businesses that have outgrown spreadsheets are the usual users. A newly formed private limited company also needs books from day one. So does an LLP or a proprietorship with GST. We tailor the scope to your size, so a small trader and a larger firm get different plans.

How the engagement works

1. Discovery call: we learn your business, tools, volume and reporting needs.
2. Set-up: chart of accounts, opening balances and document sharing method are agreed.
3. Monthly cycle: you share bills and statements, we post, reconcile and report.
4. Review call: we walk through the MIS and agree actions.
5. Year end: books are closed and shared with your auditor and with our income tax return preparation team.

Pricing depends on the number of transactions, the number of bank accounts and the reports you want. We give a fixed quote after a short call. Start with contact us or call +91 92788 13303.