Business Accounting
Regular and accurate accounts are the basis for tax filings, audit and management decisions. Chirde and Associates, Chartered Accountants, maintains books of account and prepares related reports for businesses that prefer to have these functions handled by a professional team. The work is organised around an agreed schedule, with the aim of keeping records up to date ahead of statutory due dates.
Accounting and reporting work
- BookkeepingRecording sales, purchases, receipts, payments and journal entries on a periodic basis from the source documents you provide.
- Accounts finalisationPreparation of trial balance, profit and loss account, balance sheet and schedules at the year end.
- Payroll processingMonthly salary computation, payslips, TDS on salary, and professional tax workings.
- PF and ESIC complianceRegistration, monthly contribution workings, return filing and payment where the establishment is covered.
- Tally and Zoho BooksSetting up, migrating and maintaining books in Tally, Zoho Books and other widely used accounting software.
- Cloud accountingConfiguring online accounting so that invoices, bank feeds and approvals can be handled securely from different locations.
- Virtual CFO supportPeriodic review of financial performance, cash position, budgets and compliance, in the form of scheduled discussions with management.
- MIS reportsMonthly or quarterly reports such as profit summary, receivables, payables, stock and cash flow in an agreed format.
How the work is organised
Set up
We review your existing books and records, agree the scope, frequency and software, and set up the chart of accounts.
Receive documents
You share invoices, bank statements and vouchers through the agreed secure channel at the agreed interval.
Process and review
The team records and reconciles the transactions, and a senior member reviews the books before reports are issued.
Report and discuss
Reports are shared with you on the agreed schedule, followed by a discussion of points that need attention.
Businesses this service covers
- Small and medium businesses without a full-time accounts team
- Traders and shop owners who need regular, organised books
- Professionals who want their practice accounts maintained
- Startups building their accounting systems
- Establishments with employees covered under PF and ESIC
- Business owners who want periodic financial reporting without a full-time finance head
Frequently asked questions
Which accounting software can you work with?
We work with Tally, Zoho Books and other commonly used accounting software. If you already use a package, we generally continue with it. We can also advise on moving to a different one.
How do we share documents with you?
Documents can be handed over at our offices or shared digitally through the channel agreed in the engagement. Please do not share passwords, OTPs or banking credentials by email or messaging.
What is virtual CFO support?
It refers to periodic involvement of a finance professional in reviewing performance, budgets, cash flow and compliance, without the business appointing a full-time finance head. The extent of involvement is agreed in advance.
Is PF or ESIC compliance mandatory for every business?
Applicability depends on the number of employees, wage levels and the nature of the establishment. The thresholds are set by the respective laws and may change, so please verify against current law or on the EPFO and ESIC portals.
How often are MIS reports prepared?
Usually monthly or quarterly, as agreed. The format and contents are set at the beginning so that the reports match the decisions you need to take.
Discuss an accounting requirement
To discuss an accounting requirement, write to us at enquiries@chirdeassociates.in or visit our Nagpur or Yavatmal office.