Maintain accurate financial records and strengthen your company's compliance framework with professional Company Accounting Services from CORPADDA.
Proper accounting is essential for understanding the financial position of a company, maintaining statutory records, preparing financial statements, supporting audits, and making informed business decisions.
At CORPADDA, we assist companies in maintaining systematic, accurate, and compliance-focused books of account based on their business transactions and applicable statutory requirements.
Regulatory Framework
Every company is required to maintain proper books of account in accordance with Section 128 of the Companies Act, 2013.
The books of account must provide a true and fair view of the state of affairs of the company, explain the transactions undertaken by the company, and be maintained on an accrual basis and according to the double-entry system of accounting.
Companies are also required to comply with applicable Accounting Standards / Indian Accounting Standards (Ind AS), Income-tax laws, GST laws, and other applicable statutory requirements.
The books of account, together with relevant vouchers, are generally required to be preserved for a period of not less than eight financial years immediately preceding the current financial year.
Books of Account Required to be Maintained by a Company
The Companies Act, 2013 does not prescribe a fixed number of accounting books. However, a company is required to maintain adequate records relating to:
- Money received and spent by the Company
- Sales and purchases of goods and services
- Assets and liabilities of the Company
- Cost records, where applicable
Depending on the nature and volume of business, the following accounting books and records are generally maintained:
- Cash Book
- Bank Book
- General Ledger
- Sales Register
- Purchase Register
- Journal Register
- Debtors / Accounts Receivable Ledger
- Creditors / Accounts Payable Ledger
- Fixed Asset Register
- Expense Ledgers
- Inventory / Stock Records, where applicable
- Loan and Borrowing Records
- GST and Tax Ledgers
- Payroll and Employee Expense Records, where applicable
- Supporting Bills, Invoices, Vouchers, and Accounting Documents
Our Company Accounting Services Include
- Day-to-Day Bookkeeping
- Purchase and Sales Accounting
- Cash and Bank Accounting
- Expense and Income Recording
- Journal and Ledger Maintenance
- Bank Reconciliation
- Debtors and Creditors Reconciliation
- Accounts Payable and Receivable Management
- Fixed Asset Accounting
- Loan and Interest Accounting
- GST and Tax Ledger Reconciliation
- Trial Balance Preparation
- Financial Statement Support
- Audit and Compliance Coordination
At CORPADDA, we help companies maintain systematic, accurate, and properly reconciled accounting records to support financial reporting, audit, taxation, and statutory compliance.
Accurate Accounts. Stronger Compliance. Better Business Decisions with CORPADDA.