Professional Bookkeeping & Financial Reporting Services – CA Vijay Singh
Professional Bookkeeping & Financial Reporting: Know Your Numbers, Grow Your Business
Go from Freelancer to Business Owner. Get the Financial Clarity You Need to Make Smarter Decisions.
To grow your freelance practice, you need to understand its financial health. Our professional bookkeeping service uses modern cloud software to give you a real-time, accurate picture of your income and expenses, transforming messy bank statements into clear, actionable financial reports.
What We Deliver:
- Cloud Bookkeeping Setup & Management: We set up and manage your accounts on leading cloud accounting software like Zoho Books or QuickBooks. We categorize all your income and expenses, providing you with a clean, organized, and always up-to-date set of books.
- Bank & Credit Card Reconciliation: We perform monthly reconciliations of your bank and credit card statements to ensure every transaction is accounted for and your financial records are 100% accurate.
- Simple, Actionable Financial Reports: Each quarter, we provide you with a clear and easy-to-understand Profit & Loss statement. This simple report gives you a powerful snapshot of your business performance, helping you track profitability and make smarter decisions to grow your income.
As a freelance developer, my income crossed the GST threshold, and I was lost. I didn't know how to register or what an HSN code was. The team handled my entire GST registration online, gave me a compliant invoice template, and now files my returns every quarter. It's a huge weight off my shoulders, and I can claim ITC on my software subscriptions, which I never knew was possible.
I was struggling to decide between the regular tax method and the presumptive scheme. The team did a simple analysis and showed me that with my low expenses, Section 44ADA was a no-brainer. I now pay tax on just 50% of my income, and I don't have to keep a shoebox full of receipts. The time I've saved is invaluable.
Frequently Asked Questions
Yes. Providing services to clients outside India is considered an "export of services." Under GST law, exporters are required to register for GST regardless of their annual turnover. The good news is that exports are "zero-rated," meaning you don't charge GST to your client, but you can still claim a refund for the GST you paid on your business expenses (like software or a new laptop).
If you opt for the regular tax scheme, you can deduct any expense incurred "wholly and exclusively" for your profession. This includes a portion of your home rent if you have a dedicated workspace, internet/phone bills, software subscriptions, business travel, depreciation on your laptop, and even fees paid to a co-working space.
While an Excel sheet can track basic income, professional bookkeeping provides much more. It ensures your records are accurate through bank reconciliation, properly categorizes expenses for tax deductions, and generates a standard Profit & Loss statement. This financial discipline is crucial for making informed business decisions and is essential if you ever need to apply for a loan.
Monthly Bookkeeping & Accounting
Books closed by the 7th of next month, MIS to founders by the 10th – the monthly accounting rhythm that keeps your business decision-ready and your statutory compliance on time.
By CA Vijay R Singh, FCA
ICAI Membership No. 153926 | FRN 136869W | Practising since 2013
Quick Summary
Most small businesses run on books that are 30-60 days behind reality – which means the decisions you make today are based on data from two months ago. This service is the monthly accounting rhythm that fixes that – books closed by the 7th, MIS to founders by the 10th, statutory filings on time without month-end fire-drills.
Strategic Fit: Is this right for you?
Pvt Ltd / LLP
First 3 years where in-house finance is not yet justified.
Proprietorship / Freelancer
Above Rs 25 lakh turnover where books matter for decisions.
Multi-Location
Multiple GST registrations needing coordinated bookkeeping.
Pre-Audit
Companies preparing for statutory or tax audit.
Fundraise Prep
Clean books needed for due diligence.
Software Migration
Moving from Tally to Zoho Books or similar.
Final Deliverables Checklist
Everything you receive at the end of the engagement.
- Monthly books closed by the 7th of next month
- Monthly MIS pack by the 10th (P&L, BS, cash flow)
- Bank reconciliation
- Sales register + purchase register update
- Vendor and customer master maintenance
- Statutory dues tracker (TDS, GST, PT)
- Quarterly review meeting with founder
- Year-end financial statements ready for audit
UNDERSTANDING THE SOFTWARE STACK OPTIONS
Zoho Books
Best for Indian compliance with native GST+TDS modules. Cloud-based. Multi-user. Cheapest commercial tier ~Rs 12,000/year. Most startup-friendly.
Tally Prime
Industry standard for India. Strong reporting. Desktop/single-user. Higher learning curve. Best for older businesses + GST reconciliation.
QuickBooks
Best where US parent / international reporting required. Multi-currency. Cloud. Commonly used by Indian subsidiaries of US firms.
The Engagement Lifecycle
|
Process Name
|
Description
|
Typical Timeline
|
|---|---|---|
|
Monthly by 5th
|
||
Transparent Pricing Structure
Statutory & Third-Party Costs – pass-through, NOT our fees
These are paid directly to government departments, certifying authorities, and banks. They are not VRS professional fees.
- Zoho Books subscription: Rs 12,000-Rs 60,000 per year (your subscription)
- Tally Prime licence: Rs 18,000-Rs 54,000 (one-time + AMC; your purchase)
- QuickBooks Online subscription: USD 30-100 per month (your subscription)
- Bank statement download / processing: nil
- All software fees referenced are your direct subscriptions, not VRS fees
Engagement & Fees
We run your books end-to-end — recording, bank and ledger reconciliation, MIS, and Schedule III financial statements — accurate and audit-ready, set up to your reporting needs during an initial scoping call.
Fees are confirmed per engagement after the scoping call, based on the scope and complexity involved. You receive a clear, written quote before any work begins — no hidden charges.
Quoted per Engagement
The final quote depends on the scope, volume, and statutory complexity of your specific engagement.
Frequently Asked Questions
Which software should I use - Zoho, Tally, or QuickBooks?
For Indian startups – Zoho Books (best GST/TDS integration). For older Indian businesses – Tally Prime (industry standard). For Indian subsidiaries of US firms – QuickBooks.
Books closed by the 7th is that realistic?
Yes if invoices and expenses flow in on time. We agree on a vendor invoice cutoff (e.g., by 3rd of next month) with the founder. Once that’s locked, 7th close is consistent.
What does the MIS pack include?
P&L (current month + YTD vs budget), balance sheet, cash flow, burn rate, runway calculation, AR/AP ageing, GST+TDS liability summary, top customer / vendor concentration.
Can you migrate us from Tally to Zoho Books?
Yes. Standard migration timeline 2-3 weeks. We export from Tally, restructure chart of accounts, import to Zoho, reconcile opening balances, parallel-run one month.
Do you handle payroll too?
Yes – salary processing, TDS deduction, PT, EPF/ESIC challan filing, Form 16 issuance. Or we coordinate with Razorpay X Payroll / Zoho People if you’re on a separate platform.
What about year-end audit support?
Books are audit-ready by year-end. We coordinate with statutory auditor – whether we are the auditor or a different firm.