Accounting and Bookkeeping Services
Reliable books of accounts are the foundation of statutory compliance, financial reporting, and management decision-making. Hegde Hegde and Associates LLP provides accounting and bookkeeping services structured around Indian regulatory requirements, supported by CA-led review at every stage.
Partner reviewedDocumented processBengaluru office
Why Accounting and Bookkeeping Matter
Under the Income Tax Act 1961, the CGST Act 2017, the Companies Act 2013, and the LLP Act 2008, businesses are required to maintain proper books of accounts. This is a statutory obligation, not a discretionary practice.
Beyond compliance, accurate bookkeeping supports management reporting, audit readiness, and investor review. When books are maintained inconsistently, the effects surface later — delayed month-end closing, reconciliation gaps, and reduced confidence in the numbers used for business decisions.
Why Businesses Need This Service
- Business growth that has outpaced spreadsheet-based or informal record-keeping.
- Statutory obligations under the Companies Act, Income Tax Act, and GST law requiring proper books of accounts.
- Investor or lender expectations for organised, audit-ready financial records.
- Upcoming statutory or internal audit requiring reconciled, well-documented books.
- Growing transaction volume across multiple bank accounts, payment gateways, or business units.
- A need for management reporting that current bookkeeping practices cannot support.
Our Approach
- 01
Assessment
Reviewing existing books, accounting software, and transaction volume.
- 02
Planning
Defining a chart of accounts, reporting calendar, and applicable compliance framework.
- 03
Documentation
Establishing supporting records, vouchers, and reconciliation schedules.
- 04
Execution
Recording transactions, reconciliations, and periodic closing on an agreed schedule.
- 05
CA Review
Independent review of ledgers and reconciliations before reporting.
- 06
Compliance Verification
Checking entries against applicable GST, TDS, and statutory requirements.
- 07
Reporting
Delivery of periodic financial statements and management reports.
- 08
Continuous Support
Ongoing bookkeeping support aligned to the client’s reporting calendar.
Scope of Services
Bookkeeping
- General ledger maintenance
- Accounts payable and accounts receivable management
- Bank and payment gateway reconciliations
- Journal entries and day-to-day transaction recording
- Expense tracking and documentation of supporting vouchers
- Accounting software setup and migration (including Tally Prime and Zoho Books)
Accounting and Reporting
- Monthly and periodic financial statement preparation (Profit & Loss, Balance Sheet, Cash Flow Statement)
- Month-end close procedures
- MIS and management reporting
- Support for GST and TDS compliance arising from recorded transactions
- Documentation aligned with statutory audit and investor due diligence requirements
Business Benefits
- Improved financial visibility for management decision-making.
- Stronger audit preparedness through consistently maintained records.
- Reduced compliance gaps arising from delayed or inconsistent bookkeeping.
- Reliable financial records to support investor and lender review.
- Clearer visibility into receivables, payables, and working capital position.
Why Choose Hegde Hegde and Associates LLP
- CA-led review of ledgers and reconciliations, not delegated to unsupervised data-entry staff.
- Bookkeeping integrated with our taxation, audit, and company secretarial practices, rather than handled in isolation.
- Structured documentation standards that support statutory audit and investor due diligence.
- Working knowledge of cloud accounting platforms, including Zoho Books and Tally Prime.
- Consistent, assigned engagement team familiar with the client’s specific business.
Industries We Serve
Our bookkeeping and accounting engagements span technology and IT services companies, D2C and e-commerce brands with high transaction volumes, manufacturing enterprises, and startups at various funding stages.
Technology & IT services
D2C & e-commerce
Manufacturing
Startups & funded ventures
Professional services
NRI individuals
Healthcare
Real estate
Financial institutions
NGOs & trusts
Hospitality
Education
Our Process
Each stage produces a defined deliverable, and nothing is issued to a client before the Chartered Accountant review stage is complete.
- 01
Discovery
Understanding the client’s current bookkeeping practices and reporting needs.
- 02
Assessment
Reviewing existing records, software, and transaction complexity.
- 03
Documentation Review
Identifying gaps in supporting records and reconciliations.
- 04
Execution
Recording, reconciling, and closing books on an agreed schedule.
- 05
CA Review
Independent review before reports are issued.
- 06
Reporting
Delivery of financial statements and management reports.
- 07
Ongoing Support
Continued bookkeeping support aligned to the client’s calendar.
Frequently Asked Questions
Yes. The Income Tax Act 1961, CGST Act 2017, Companies Act 2013, and LLP Act 2008 each require businesses to maintain proper books of accounts.
Full-cycle accounting covers daily bookkeeping, including journal entries, accounts payable and receivable management, and bank reconciliations, through to month-end close, financial statement preparation, and supporting documentation for statutory filings.
We primarily work with Zoho Books and Tally Prime, and can adapt to a client’s existing accounting system where required.
The Companies Act 2013 requires companies to maintain books of accounts for a minimum of eight years from the end of the relevant financial year.
Yes. Our engagement scope is reviewed periodically and adjusted to reflect changes in transaction volume, entity structure, or reporting requirements.
Yes. Our team has experience supporting financial reporting under local GAAP, IFRS, and Ind AS, including for businesses undergoing financial consolidations.
Discuss Your Accounting and Bookkeeping Requirements
Whether you are setting up your books for the first time, moving away from an in-house team, or preparing for a statutory audit, our team is available to discuss your specific requirement.
Content reviewed by CA Ramkumar Hegde, Partner, Hegde Hegde and Associates LLP.