Micro Business Accounting (Turnover up to ₹20L)

Professional bookkeeping and accounting services for micro businesses with annual turnover up to ₹20 lakhs. Maintain accurate books of accounts, financial records and statutory compliance.

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What is Micro Business Accounting (Turnover up to ₹20L)?

Proper maintenance of books of accounts is essential for every business to monitor financial performance, ensure statutory compliance, and facilitate timely tax filings. Our Micro Business Accounting service is specially designed for businesses having an annual turnover up to ₹20 lakhs, providing accurate recording of day-to-day financial transactions, reconciliation of accounts, preparation of financial statements and periodic reporting.

Accounting records are maintained in accordance with the applicable provisions of the Income-tax Act, 1961, the Goods and Services Tax laws, and generally accepted accounting principles (GAAP). Where applicable, books of account are maintained in compliance with Section 44AA of the Income-tax Act, 1961 and Rule 6F of the Income-tax Rules, 1962.

We help businesses maintain organized financial records, enabling smooth GST return filing, Income Tax Return filing, loan applications, audits (where applicable) and informed business decision-making.

Who needs this?

• Proprietorship Businesses.
• Freelancers and Consultants.
• Retail Shops.
• Small Traders.
• Home-Based Businesses.
• Small Service Providers.
• Online Sellers and E-commerce Businesses.
• Startups in the initial stage.
• Professionals maintaining regular business records.

What's included

Recording of routine accounting transactions.
Sales and purchase accounting.
Expense and income accounting.
Bank and cash reconciliation.
Journal entries and ledger scrutiny.
Preparation of Trial Balance, Profit & Loss Account, and Balance Sheet.
Basic financial reporting and management information.
Coordination for routine accounting queries.

Not included

GST Return Filing.
Income Tax Return Filing.
Tax Audit, Statutory Audit or Internal Audit.
Payroll processing.

Documents required

Bank Statements.
Sales Invoices.
Purchase Bills.
Expense Bills and Vouchers.
GST Returns (if applicable).
Payment and Receipt Details.
Cash Book (if maintained).
Loan Statements (if any).
Opening Trial Balance or Previous Financial Statements (if available).
Details of Fixed Assets and Investments (if applicable).

Timeline: Initial setup is generally completed within 2–5 working days. Monthly bookkeeping and accounting are completed based on the volume of transactions and timely submission of documents by the client.

Pricing

essential

Professional Fee₹2,499

What's included:

Recording of routine accounting transactions.
Sales and purchase accounting.
Expense and income accounting.
Bank and cash reconciliation.
Journal entries and ledger scrutiny.
Preparation of Trial Balance, Profit & Loss Account, and Balance Sheet.
Basic financial reporting and management information.
Coordination for routine accounting queries.

Not included:

GST Return Filing.
Income Tax Return Filing.

Ready to get started?

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

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