Accounting and Bookkeeping
Maintaining accurate financial records for compliance and business decision-making
Ashish Jayalata and Associates provides accounting and bookkeeping services to businesses in Ghaziabad, Sahibabad, and across the NCR. The practice handles the complete cycle of financial record-keeping -- from journal posting and ledger maintenance to bank reconciliation and preparation of financial statements -- ensuring compliance with the Companies Act 2013, Income Tax Act, and applicable accounting standards.
What This Includes
- Books of Accounts Maintenance: Maintenance of day-to-day books of accounts including cash book, petty cash book, purchase register, sales register, and journal entries, in accordance with Section 128 of the Companies Act 2013 and applicable accounting standards.
- Journal Posting and Ledger Maintenance: Systematic posting of transactions to general ledger and sub-ledgers, with proper classification under appropriate heads of accounts.
- Bank Reconciliation: Monthly reconciliation of all bank accounts with books of accounts, identification of unreconciled items, and resolution of discrepancies.
- Financial Statement Preparation: Preparation of profit and loss account, balance sheet, and cash flow statement on a monthly, quarterly, or annual basis, in compliance with Schedule III of the Companies Act 2013 or other applicable frameworks.
- Accounts Payable and Receivable: Maintenance of vendor and customer ledgers, tracking of outstanding payables and receivables, aging analysis, and follow-up for collection or payment scheduling.
- Inventory Tracking: Maintenance of inventory records, periodic stock reconciliation, and coordination for physical stock verification where applicable.
- Fixed Asset Register: Maintenance of fixed asset register with details of acquisition, depreciation computation as per the applicable depreciation method, and disposal entries.
- Payroll Accounting: Recording of salary disbursements, provident fund contributions, ESI, professional tax, and TDS on salary in the books of accounts.
Who It Is For
This service is relevant for sole proprietorships, partnership firms, companies, LLPs, and any business entity that is required to maintain books of accounts under the Income Tax Act or the Companies Act 2013. It covers businesses of all sizes -- from small traders in Sahibabad to larger enterprises in Ghaziabad and the wider NCR region.
Our Process
1
Understanding the Business -- Reviewing the nature of business activities, existing accounting setup, chart of accounts, and reporting requirements.
2
Setting Up Books -- Establishing or reorganizing the chart of accounts, setting up the accounting software, and configuring reports as per the business requirements.
3
Monthly or Quarterly Maintenance -- Recording transactions, performing reconciliations, and updating ledgers on a regular cycle as agreed with the client.
4
Reporting and Advisory -- Preparing and delivering financial reports, highlighting key observations, and providing advisory on accounting treatment for new or unusual transactions.
Documents Required
- Sales invoices and purchase invoices
- Bank statements for all accounts
- Expense receipts and vouchers
- Previous year books of accounts and trial balance
- Payroll records (salary sheets, PF/ESI challans)
- Fixed asset purchase invoices
- Loan agreements and statements
Frequently Asked Questions
What does your accounting and bookkeeping service include?
We maintain your books of accounts — recording sales, purchases, receipts, and payments — and prepare ledgers, bank reconciliations, trial balances, and periodic financial statements. We also track debtors and creditors and prepare GST-ready data. You receive regular reports on the financial health of your business.
Which accounting software do you work with?
We work with commonly used platforms such as Tally and Excel, and we can also work with cloud tools like Zoho Books or QuickBooks where the data is shared digitally. We match the way you maintain data and take over the monthly accounting process with minimal disruption to your team.
How often will I receive reports?
We prepare financial reports monthly or quarterly, depending on your preference. Monthly reports typically include the profit and loss account, balance sheet, and a cash flow summary, so you can track performance without waiting for the year-end. Annual accounts are finalised for the statutory filing.
How much does bookkeeping cost per month in Sahibabad?
Monthly bookkeeping fees depend on the number of transactions, the number of bank accounts, and the complexity of your business. We offer fixed monthly packages for proprietorships, partnerships, and small companies. You get a clear monthly fee with no per-transaction surprises.
How do I share my data with you?
You can share data online — bank statements, invoices, and purchase bills — through a secure channel or a shared drive, or by handing over physical records if you prefer. Many clients send scanned documents monthly. We then process them and confirm the entries before reports are generated.
What is the difference between bookkeeping and accounting?
Bookkeeping is the day-to-day recording of transactions — sales, purchases, receipts, and payments. Accounting takes that data further: preparing financial statements, analysing performance, computing tax liabilities, and advising on decisions. We do both, so you get accurate records and meaningful financial information together.
Will my books be ready for audit if you maintain them?
Yes. We maintain books in a format that meets audit requirements, with proper ledgers, reconciliations, and supporting documents. If a statutory or tax audit applies, the trial balance and schedules are audit-ready. This is especially important for businesses in Ghaziabad that cross the audit turnover thresholds.
Need help with accounting and bookkeeping in Ghaziabad, Sahibabad, or NCR? Contact the office to discuss your requirement.
Contact the Office