Bookkeeping Services

Clear books, smart insights — everything your business needs to stay financially strong.

What is Bookkeeping?

Bookkeeping is the systematic recording of all your business's financial transactions — income, expenses, purchases, sales, bank activity, and more — in a structured and compliant manner. It forms the foundation of accounting, taxation, and business decision-making.

Without clean books, you can’t file taxes correctly, claim deductions, or get loans and investments. With FinXurance, your books are always accurate, updated, and audit-ready.

What is an MIS Report?

An MIS (Management Information System) Report is a set of customized financial reports that give business owners clear insights into their company's financial health. It goes beyond compliance and shows:

  • Profitability trends
  • Expense breakups
  • Receivables/payables aging
  • Cash flow patterns
  • Budget vs actual performance

It helps in planning, forecasting, and strategic decision-making.

Key Bookkeeping Services We Provide

Service Details
Daily/Weekly Transaction Entry Sales, purchases, expenses, payments, receipts
Bank & Credit Card Reconciliation Match bank statements with books
Ledger Management Customer, vendor, loan, capital, and expense ledgers
GST & TDS Books Preparation Tax-wise sales/purchase registers
Journal Entries & Adjustments Depreciation, salary, provisions
Petty Cash Book Maintenance Track office and cash expenses
Inventory and Stock Reports Track stock in/out and closing balances

MIS Reports You Receive Monthly/Quarterly

MIS Report Purpose
Profit & Loss Statement Understand profitability and margins
Balance Sheet Know your assets, liabilities, and capital
Cash Flow Statement Monitor working capital and liquidity
Expense Analysis Track cost centers and control wasteful spending
Debtors/Creditors Aging Follow up collections and due payments
Budget vs Actual Identify deviations from your financial goals
GST Summary & Input Optimize tax credit claims

Tools & Software We Use

We support leading cloud and desktop software platforms:

  • Tally Prime
  • Zoho Books
  • QuickBooks
  • Busy Accounting
  • Marg ERP
  • Excel or Google Sheets (for customized MIS)

We also help you transition from manual to digital bookkeeping.

Why Bookkeeping is Critical

  • Required for ITR filing, GST returns, and ROC compliance
  • Needed for bank loans, investor due diligence, and tax audits
  • Detects fraud, leakage, and accounting errors early
  • Helps you understand your business performance in real-time
  • Avoids mismatch in GST, TDS, and income tax figures

Why FinXurance?

  • Qualified accountants & tax professionals
  • Clean and compliant entries following Indian GAAP
  • Custom MIS dashboards tailored to your industry
  • Year-end audit-ready books and financial statements
  • Flexible options: weekly, monthly, quarterly packages

Ideal For:

  • MSMEs, Startups & Private Limited Companies
  • Freelancers, Consultants & Professionals
  • Traders, Distributors, Service Providers
  • eCommerce Sellers, Manufacturers & Retailers
  • NGOs & Trusts

Documents We Need to Start

  • Bank statements
  • Sales & purchase invoices
  • Expense bills (utilities, rent, etc.)
  • Petty cash details
  • Inventory/stock reports
  • Loan, investment, or capital ledgers
  • Payroll records (if applicable)

How It Works

  • You share data (digitally or physically)
  • We record & reconcile transactions weekly/monthly
  • We share MIS & insights by 5th of next month
  • You act smarter with financial clarity

Payroll Management

Includes:
  • Salary calculation based on working days
  • Leave management & attendance tracking
  • PF/ESI deductions & challans
  • Pay slip generation
  • TDS on salary (Form 16 issuance)
  • Bonus, gratuity, and full & final settlement support
FAQs

Frequently Asks Questions

Yes, bookkeeping can be done totally online leaving behind any window of errors or miscalculations.

Books of accounts/accounting records have to be maintained if the gross receipts are more than Rs. 1,50,000 in 3 preceding years for an existing profession. This also applies to a newly set up profession whose gross receipts are expected to be more than Rs. 1,50,000.
Each year’s books must be kept for a period of 6 years from the end of that year.

Audit of accounts is compulsory by a Chartered Accountant for the following persons

Tax Payer Compulsory Audit required when
A person carrying on Business If total sales, turnover or gross receipts are more than Rs. 1 crore
A person carrying on Profession If gross receipts are more than Rs. 50 lakh
A person covered under presumptive income scheme section 44AD If income of the business is lower than the presumptive income calculated as per Section 44AD and the person’s total income is more than the maximum income which is exempt from tax.
A person covered under presumptive income scheme section 44AE If income of the business is lower than the presumptive income calculated as per Section 44AE.
A person covered under presumptive income scheme section 44ADA If income of the profession is lower than the presumptive income calculated as per section 44ADA and the person’s total income is more then the maximum income which is exempt from tax.
If the person is required to maintained books of accounts and fails to do so, then it may be charged with a penalty of Rs 25,000. In some cases where there are international transactions and person has failed to maintain information and documents for such transactions, then penalty @ 2% of the value of each international transaction can be imposed.
If the person required to get its accounts audited, fails to get the accounting records audited or furnish audit report as per the requirements of Section 44AB, then a penalty may be levied under section 271B of the Income Tax Act. The minimum penalty that can be charged is 0.5% of the total sales, turnover or gross receipts. The maximum penalty is Rs 1,50,000.

Don’t worry!! Our expert will help you to choose a best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@finxurance.com or call us @+91 9643 203 209.