One-Time Catch-Up / Financial Reconciliation

Comprehensive one-time accounting cleanup and financial reconciliation service for businesses with pending bookkeeping, unreconciled accounts and incomplete financial records.

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What is One-Time Catch-Up / Financial Reconciliation?

Our One-Time Catch-Up / Financial Reconciliation service is designed for businesses whose books of accounts have not been updated for one or more months or financial years or where financial records require correction before statutory compliance, audits, funding or business reporting.

We review existing accounting records, identify discrepancies, reconcile bank accounts, GST data, debtors, creditors, inventory and statutory ledgers, and update books to ensure accuracy and completeness. Accounting records are reconciled in accordance with the applicable provisions of the Income-tax Act, 1961, the Goods and Services Tax Acts, the Companies Act, 2013 (where applicable), and applicable Accounting Standards (AS) or Indian Accounting Standards (Ind AS).

We also perform reconciliation with GSTR-2B, GSTR-1, GSTR-3B, bank statements, vendor confirmations, customer ledgers, TDS records (where applicable) and financial statements to ensure books are audit-ready and suitable for statutory reporting.

This service is ideal before GST audits, Income Tax filing, statutory audits, due diligence, business sales or loan applications.

Who needs this?

• Businesses with pending bookkeeping.
• Proprietorship Firms.
• Partnership Firms.
• LLPs.
• Private Limited Companies.
• Manufacturers and Traders.
• Service Providers.
• E-commerce Businesses.
• Businesses preparing for GST compliance, Income Tax Return filing, Tax Audit, Statutory Audit, or funding.
• Companies with unreconciled bank accounts, GST records or customer/vendor ledgers.

What's included

Review and correction of accounting entries.
Bank reconciliation.
GST reconciliation with GSTR-1, GSTR-3B and GSTR-2B.
Debtor and creditor reconciliation.
Ledger scrutiny and rectification of accounting errors.
Journal entries, provisions, accruals and adjustment entries.
Financial statement preparation.
Identification of unreconciled transactions and reporting.
Coordination with the client for missing records and clarifications.

Not included

GST Return Filing or amendment of previously filed returns.
Income Tax Return Filing.

Documents required

Bank Statements for the reconciliation period.
Books of Accounts/Accounting Software Backup (Tally, Busy, Zoho Books, SAP, etc.).
Sales and Purchase Registers.
GST Returns (GSTR-1, GSTR-3B, GSTR-2B, GSTR-9, where applicable).
E-Invoice and E-Way Bill data (where applicable).
Debtors and Creditors Ledgers.
Cash Book and Bank Book.
Trial Balance (if available).
Previous Financial Statements.
Fixed Asset Register.

Timeline: Depending on the volume of transactions and backlog, reconciliation is generally completed within 5–20 working days. Larger or multi-year reconciliations may require additional time.

Pricing

essential

Professional Fee₹9,999

What's included:

Review and correction of accounting entries.
Bank reconciliation.
GST reconciliation with GSTR-1, GSTR-3B and GSTR-2B.
Debtor and creditor reconciliation.
Ledger scrutiny and rectification of accounting errors.
Journal entries, provisions, accruals and adjustment entries.
Financial statement preparation.
Identification of unreconciled transactions and reporting.
Coordination with the client for missing records and clarifications.

Not included:

Ready to get started?

We reply within 2 hours, Mon–Sat 10am–7pm.

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This service is ideal before GST audits, Income Tax filing, statutory audits, due diligence, business sales or loan applications.