Keep Your Books Organised. Keep Your Business Clear.
What is Bookkeeping?
Bookkeeping is the systematic process of recording, classifying and organising a business's financial transactions.
It may include recording:
Properly maintained books provide the underlying financial records used for accounting, reporting and applicable compliance activities.
The requirement to maintain books and records can vary depending on the nature, structure and applicable laws governing the business.
Bookkeeping vs Accounting
BOOKKEEPING
Bookkeeping primarily focuses on recording, classifying and organising financial transactions. Typical activities include:
- Transaction recording
- Ledger maintenance
- Invoice and expense recording
- Bank reconciliation
- Receivable and payable records
- Supporting documentation
ACCOUNTING
Accounting goes beyond transaction recording and involves reviewing, summarising, analysing and presenting financial information. It may include:
- Trial balance
- Profit & Loss Statement
- Balance Sheet
- Financial reporting
- Account analysis
- Year-end financial preparation
Our Bookkeeping Services
TRANSACTION RECORDING
Systematic recording of applicable sales, purchases, expenses, receipts and payments.
LEDGER MAINTENANCE
Organised maintenance of relevant ledger accounts and transaction records.
BANK RECONCILIATION
Comparison of accounting records with bank statements to identify differences and unreconciled transactions.
RECEIVABLE & PAYABLE TRACKING
Support for maintaining customer receivables and vendor payable records.
EXPENSE RECORDING
Recording and classification of business expenses based on the information and supporting documents provided.
GST RECONCILIATION
Where applicable, comparison of relevant accounting records with GST data for reconciliation purposes.
FINANCIAL REPORTING SUPPORT
Preparation of relevant financial reports based on the maintained books and agreed scope of work.
YEAR-END ACCOUNTING SUPPORT
Support in organising accounting records for year-end closing and financial statement preparation, where included in the agreed scope.
Our Bookkeeping Process
STEP 01 — COLLECT
You provide the relevant invoices, bills, bank statements and financial records.
STEP 02 — ORGANISE
We organise the information according to the agreed accounting structure.
STEP 03 — RECORD
Applicable transactions are recorded in the accounting system.
STEP 04 — RECONCILE
Relevant bank, GST and other applicable records are reconciled.
STEP 05 — REVIEW
Recorded transactions and account balances are reviewed for consistency.
STEP 06 — REPORT
Relevant financial reports are prepared according to the selected service scope.
STEP 07 — MAINTAIN
Books and supporting records are maintained on an ongoing basis according to the agreed engagement.
Financial Reporting
Well-maintained books provide the foundation for preparing useful financial reports.
Depending on the agreed scope, we can support reports such as:
PROFIT & LOSS STATEMENT
Review income, expenses and business profitability for the relevant period.
BALANCE SHEET
Review assets, liabilities and the owner's / shareholders' position.
TRIAL BALANCE
Review ledger balances and the overall accounting structure.
CASH FLOW INFORMATION
Track relevant cash inflows and outflows for better financial visibility.
MANAGEMENT REPORTS
Additional MIS or management reports can be prepared according to the business requirement.
Bookkeeping for Different Businesses
Our bookkeeping support can be structured for:
STARTUPS & NEW BUSINESSES
Set up an organised bookkeeping workflow from the beginning.
TRADING BUSINESSES
Manage sales, purchases, expenses, receivables, payables and related transactions.
SERVICE BUSINESSES
Maintain service income, expenses, customer transactions and applicable records.
MANUFACTURING BUSINESSES
Support accounting records for purchases, production-related costs, sales and other applicable transactions.
E-COMMERCE BUSINESSES
Organise online sales, platform settlements, fees, refunds and related transactions.
PROFESSIONALS & CONSULTANTS
Maintain income, expenses, receipts, payments and other relevant business records.
ESTABLISHED BUSINESSES
Ongoing bookkeeping, reconciliation and financial reporting support.
Why Choose GujaratCorp?
ACCURACY-FOCUSED
We focus on organised transaction recording and proper supporting documentation.
RECONCILIATION-DRIVEN
Relevant bank, GST and accounting records are reviewed for differences.
BUSINESS-SPECIFIC
The bookkeeping scope can be structured according to your transaction volume and business activities.
REGULAR REPORTING
Receive relevant financial information according to the agreed reporting schedule.
SCALABLE SUPPORT
Start with bookkeeping and expand into accounting, GST or other compliance support as required.
ONE PROFESSIONAL WORKFLOW
Bookkeeping can be coordinated with your broader GST and business compliance requirements.
Get Your Books Organised. Get a Clearer View of Your Business.
Let GujaratCorp manage your bookkeeping, reconciliation and financial record maintenance so you can focus on running your business.
Professional bookkeeping and accounting support for businesses across India.