Engagement
Accounting and bookkeeping for private limited companies and LLPs
Last reviewed 31 October 2026
Bookkeeping, reconciliations and year-end schedules for private limited companies and LLPs in Bengaluru, kept to section 128 and the Companies (Accounts) Rules, 2014.
In short
We keep the books of private limited companies and LLPs, reconcile the accounts every month, and hand your auditor a clean trial balance and year-end schedules, so the annual filings start on time.
What we do
| Service | What it includes | How often |
|---|---|---|
| Bookkeeping | What it includes: Sales, purchase, expense, payroll and journal entries in your accounting software | How often: Monthly |
| Bank and ledger reconciliation | What it includes: Bank, card and payment-gateway accounts; customer and vendor balances | How often: Monthly |
| Management summary | What it includes: Revenue, expenses, receivables, payables and cash position | How often: Monthly or quarterly |
| Fixed assets register | What it includes: Additions, disposals and depreciation | How often: Year-end |
| Year-end support | What it includes: Trial balance, schedules and supporting documents for the statutory auditor | How often: Year-end |
| Catch-up bookkeeping | What it includes: Bringing books up to date for past years before an audit or annual filing | How often: One-time |
What the law requires of your books
| Requirement | Company | LLP |
|---|---|---|
| Basis | Company: Accrual basis, double-entry system (section 128(1)) | LLP: Cash or accrual basis, double-entry system (section 34 LLP Act, rule 24 LLP Rules) |
| Where kept | Company: Registered office, or another place in India decided by the Board (section 128(1)) | LLP: Registered office |
| How long | Company: At least 8 financial years (section 128(5)) | LLP: 8 years (rule 24) |
| Software | Company: Must record an audit trail (edit log) of every transaction that cannot be disabled, for financial years from 1 April 2023 (rule 3(1), Companies (Accounts) Rules) | LLP: No equivalent rule |
| Backup | Company: Electronic books backed up daily on servers physically located in India (rule 3(5), from 5 August 2022) | LLP: No equivalent rule |
| Penalty for not keeping books | Company: ₹50,000 to ₹5 lakh on the managing director, the whole-time director in charge of finance, the CFO or the person charged by the Board (section 128(6)) | LLP: Under the LLP Act |
Your auditor reports on whether the audit trail worked throughout the year (rule 11(g), Companies (Audit and Auditors) Rules), so the right software settings matter from day one.
What we do not do
Statutory audit and tax audit are done by an independent chartered accountant; a company's auditor must be a chartered accountant (section 141). Income-tax returns are filed by your chartered accountant, and we provide the books and reconciliations they need. GST registration and returns are on our separate GST page.
How it works
- 1.We look at your current books, software and bank accounts, and agree the monthly cut-off date.
- 2.You share bank statements, invoices and bills each month through a shared folder.
- 3.We post the entries and reconcile the accounts by the agreed date.
- 4.You receive the monthly summary and a list of open items (missing bills, unmatched receipts).
- 5.At year-end we prepare the trial balance and schedules for your auditor, then file AOC-4 and MGT-7 once the accounts are adopted.
Because we also handle your annual ROC filing, the books, the board approvals and the MCA forms are prepared by one team.
Documents & E-Forms
When to Engage
Typical turnaround: Scoped in the engagement letter.
Frequently Asked
About this engagement