What is Accounting & Bookkeeping?
Complete financial record keeping and reporting
Accounting and Bookkeeping is the systematic recording, organizing, and reporting of all financial transactions of a business. It includes maintaining day-to-day records of sales, purchases, payments, and receipts; reconciling bank statements; managing accounts receivable and payable; preparing GST-compliant invoices; and generating financial statements like Profit & Loss Account, Balance Sheet, and Cash Flow Statement.
Professional bookkeeping ensures your financial data is accurate, up-to-date, and compliant with accounting standards and tax regulations. It provides critical insights into your business performance, helps in tax planning, facilitates loan applications, and ensures audit readiness. With proper accounting, you can make informed business decisions based on real-time financial data.
Compliance Ready
Cash Flow Visibility
Business Insights
Time Savings
Key Features
Daily Bookkeeping
Accurate recording of all financial transactions including sales, purchases, expenses, and payments.
GST Invoicing
GST-compliant invoice generation with proper HSN codes, tax calculations, and e-invoicing readiness.
Bank Reconciliation
Monthly reconciliation of all bank accounts, credit cards, and digital wallets. Identify discrepancies.
Accounts Management
Track accounts receivable (debtors) and accounts payable (creditors). Automated payment reminders.
Software Integration
Works with Tally, Zoho Books, QuickBooks, and other popular accounting software. Smooth data sync.
Inventory Tracking
Monitor stock levels, valuation, and movement. Integrated with sales and purchase records.
Important to Know
Why professional bookkeeping matters:
- GST Compliance: Accurate books ensure correct GST returns and input tax credit claims
- Tax Planning: Proper accounting helps identify deductions and optimize tax liability
- Funding Ready: Organized financials are essential for bank loans and investor pitches
- Audit Preparation: Be ready for statutory, tax, or internal audits anytime
- Legal Requirement: Companies Act mandates proper books maintenance for all companies
Who Needs Accounting Services?
Businesses that benefit from professional bookkeeping
Startups & SMEs
Multi-Location Businesses
E-commerce Sellers
Trading Businesses
Service Providers
Pre-Funding Companies
Transaction Volume Guidelines
- Starter Plan: Up to 100/month
- Growth Plan: Up to 500/month
- Enterprise Plan: Unlimited
- GST Registration: Recommended
- Bank Account: Mandatory
- Invoicing: Required
Documents Required for Bookkeeping
Keep these documents ready for smooth accounting
Monthly Documents
- Bank Statements All business bank account statements for the month
- Sales Invoices All invoices issued to customers during the month
- Purchase Bills All purchase invoices and bills received
- Expense Receipts Bills for rent, utilities, travel, and other expenses
- Payment Vouchers Records of cash payments and advances
Company Setup Documents
One-time documents needed for initial setup
Company Registration
- Certificate of Incorporation
- PAN Card of Company
- GST Registration Certificate
- Bank Account Details
Previous Financials
- Opening balance sheet
- Previous year P&L account
- Trial balance
- Fixed assets register
Accounting Policies
- Financial year details
- Depreciation method
- Inventory valuation method
- Revenue recognition policy
Tips for Efficient Bookkeeping
Monthly Document Checklist
- Sales invoices
- Cash receipts
- Bank credit entries
- GST collection details
- Purchase bills
- Utility bills
- Travel & conveyance
- Salary payments
Our Accounting Process
Step-by-step professional bookkeeping
Initial Setup & Migration
We set up your accounting system, import opening balances, and configure chart of accounts.
- Create company profile in accounting software
- Set up chart of accounts and ledgers
- Import opening balances and previous data
Document Collection
We collect all financial documents through secure channels - bank statements, invoices, bills, and receipts.
- Collect bank statements and transaction details
- Gather sales and purchase invoices
- Compile expense bills and payment vouchers
Transaction Recording
Our accountants record all transactions in the accounting software with proper categorization and narration.
- Record sales and purchase entries
- Post bank and cash transactions
- Account for journal adjustments
Bank Reconciliation
We reconcile all bank accounts to ensure recorded transactions match bank statements.
- Match transactions with bank statement
- Identify and resolve discrepancies
- Record bank charges and interest
GST Compliance
We ensure all invoices are GST-compliant and reconcile GST input/output for return filing.
- Verify GST on all invoices
- Reconcile GSTR-2B with purchase register
- Prepare GST reconciliation statement
Reporting & Review
We generate monthly financial reports and conduct review meetings to discuss business performance.
- Prepare P&L, Balance Sheet, Cash Flow
- Generate MIS and management reports
- Conduct monthly review meeting
Monthly bookkeeping completion time from document receipt to report delivery. May vary based on transaction volume.
Important to Know
Important Accounting Principles- Accrual Basis: Record income when earned, expenses when incurred
- Consistency: Same accounting policies followed across periods
- Materiality: Significant transactions reported accurately
- Document Retention: Maintain records for minimum 8 years
- Monthly Closure: Books closed within 10 days of month-end
- Year-End: Financial statements prepared within 3 months of FY end
Frequently Asked Questions
Our comprehensive accounting services include: 1) Daily/regular transaction recording in accounting software, 2) Bank reconciliation for all business accounts, 3) Accounts receivable and payable management, 4) GST-compliant invoice generation, 5) Inventory tracking and valuation, 6) Monthly Profit & Loss Account preparation, 7) Balance Sheet generation, 8) Cash Flow Statement, 9) Debtors and Creditors ageing reports, 10) Expense categorization and analysis, 11) Fixed assets register maintenance, 12) Monthly MIS reports, 13) Year-end financial statements, 14) Audit support and documentation.
We are proficient in all major accounting software including: Tally ERP 9 / Tally Prime (most popular in India), Zoho Books (cloud-based with GST features), QuickBooks Online, Marg ERP, Busy Accounting, and Reach Accounting. We can work with your existing software or recommend the best fit based on your business size and requirements. For cloud-based software like Zoho Books, we provide 24/7 access to your books from anywhere. Data migration from your current system is included in our service.
We implement multiple security measures: 1) All data transmitted via encrypted channels (256-bit SSL), 2) Access limited to authorized accountants only, 3) Signed NDAs with all team members, 4) Data stored in ISO 27001 certified cloud servers, 5) Regular automated backups, 6) Two-factor authentication for software access, 7) Activity logging for audit trail, 8) No data sharing with third parties, 9) Secure document destruction protocols, 10) Compliance with data privacy regulations. Your financial data is treated with the highest level of confidentiality and security.
Our standard reporting schedule includes: Weekly - Bank reconciliation status and cash position (optional); Monthly - Complete financial package delivered within 48-72 hours of month-end including P&L Account, Balance Sheet, Cash Flow Statement, Debtors/Creditors ageing, Bank reconciliation statement, GST summary, Expense analysis, and MIS report; Quarterly - Management review meeting with trend analysis; Annually - Complete financial statements for year-end, Tax computation sheets, and Audit support documentation. Custom reporting schedules can be arranged based on your specific needs.
Yes, our accounting services include complete GST support: We ensure all your sales invoices are GST-compliant with correct HSN codes and tax rates; We verify and record all purchase invoices with proper input tax credit (ITC) claims; We reconcile your books with GSTR-2B for accurate ITC; We prepare GSTR-1 (outward supplies) and GSTR-3B data from your books; We identify and resolve any GST mismatches; While base bookkeeping packages include GST-ready data, actual return filing can be added as a separate service. Our integrated approach ensures your GST returns are always accurate and backed by proper documentation.
During year-end, we: 1) Prepare final books of accounts for the financial year, 2) Calculate depreciation on fixed assets, 3) Account for provisions and accruals, 4) Reconcile all ledger balances, 5) Prepare final Profit & Loss Account and Balance Sheet, 6) Generate schedules and notes to accounts, 7) Create audit trail documentation, 8) Prepare tax computation sheets. For audits, we provide complete support including direct coordination with auditors, providing all required documents and explanations, preparing audit schedules and confirmations, assisting with audit queries, and ensuring timely completion of audit and tax filing.
We offer multiple convenient document sharing options: Email - Send scanned copies or photos of documents; Cloud Storage - Share via Google Drive, Dropbox, or OneDrive; Mobile App - Upload documents directly through our client portal app; WhatsApp - Quick sharing for urgent documents; Courier - Physical document pickup available in select cities; Direct Software Integration - Automatic sync for supported accounting software. We recommend digitizing all documents for faster processing. Our team organizes all documents systematically with proper indexing for easy retrieval.
Yes, we specialize in e-commerce accounting with expertise in: Multi-platform integration (Amazon, Flipkart, Meesho, Shopify, WooCommerce); Payment gateway reconciliation (Razorpay, PayU, Stripe, etc.); Return and refund accounting; Marketplace fee tracking and analysis; Inventory management across platforms; TCS compliance for e-commerce operators; GST e-invoice compliance; Sales channel-wise profitability analysis; Ad spend tracking (Amazon Ads, Google Ads, Facebook); Settlement reconciliation. We understand the unique challenges of e-commerce accounting including high transaction volumes, multiple payment modes, and complex return scenarios.
Absolutely. Our multi-branch accounting services include: Separate books for each branch with inter-branch transaction recording; Consolidated financial statements across all locations; Branch-wise profitability analysis; Inter-branch fund transfer tracking; Centralized purchase and distributed sales accounting; Inventory transfer recording; Location-wise GST compliance; Combined MIS reports with drill-down to branch level; Standardized accounting policies across branches; Cross-branch debtor/creditor management. Whether you have 2 branches or 20, we can streamline your accounting with centralized oversight and local execution.
Bookkeeping is the recording of daily financial transactions - the foundation of the accounting process. It involves: Recording sales and purchases, Posting debits and credits, Maintaining ledgers, Bank reconciliation, Invoice processing. Accounting is broader and includes: Interpreting financial data, Preparing financial statements, Analyzing business performance, Tax planning, Audit preparation, Management reporting. Our services cover both - we do the daily bookkeeping AND provide the strategic accounting insights you need to run your business effectively. You get the complete financial picture, not just data entry.
Our pricing is based on monthly transaction volume: Starter (₹4,999/month) - Up to 100 transactions, ideal for small businesses and startups; Growth (₹9,999/month) - Up to 500 transactions, perfect for growing businesses; Enterprise (₹19,999/month) - Unlimited transactions for established businesses. A transaction includes any financial entry - sales invoice, purchase bill, payment, receipt, journal entry. We count transactions after a trial month to give accurate pricing. There are no hidden charges - software subscription, reports, email support, and basic consultation are all included. Annual payments receive 10% discount.
Yes, we make transitions smooth and hassle-free: 1) We review your current books and identify any gaps; 2) Import all opening balances and master data; 3) Reconcile all bank accounts and ledgers; 4) Set up the new accounting system with proper configuration; 5) Train your team on document sharing processes; 6) Run parallel for a month to ensure accuracy; 7) Take over complete accounting from agreed date. We coordinate with your previous accountant for handover and ensure no data is lost. Most transitions are completed within 1-2 weeks with minimal disruption to your business.
Still Have Questions?
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Why Choose WeeDoo for Accounting?
We offer reliable, accurate, and professional accounting services
Fast Turnaround
CA Supervised
Industry Experts
Data Security
Transparent Pricing
Proactive Support
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"Good accounting is the foundation of good business decisions. At WeeDoo, we don't just record your transactions - we help you understand your financial story and make informed decisions for growth."
