ACCOUNTING & BOOK KEEPING

Accounting (Basic): See Your Profits

Data entry alone won't tell you if your business is actually making money. While our foundational bookkeeping ensures your receipts are organized, our Accounting (Basic) plan takes that raw data and transforms it into clear, actionable financial intelligence. This plan is designed specifically for growing startups and service businesses that need monthly visibility into their true profit margins.

At The Online Tax, we bridge the gap between compliance and strategy. We don't just reconcile your bank statements; we generate formal Profit & Loss statements, balance sheets, and perfectly matched GST data. Stop making business decisions blindly and start managing your company based on accurate, monthly financial reality.

Upgrade Your Accounting

Basic Accounting and Monthly Financial Reporting Services

CORE DELIVERABLES

From Raw Data to Real Reports

This plan includes everything from our standard Book Keeping tier, supercharged with formal financial reporting and tax preparation.

Monthly Financial Reporting:

Profit & Loss (P&L): A clear, categorized monthly breakdown of your total revenue against your operational expenses to reveal your net profit.
Balance Sheet Prep: Tracking your company's assets, liabilities, and shareholder equity to ensure the foundational health of your business.
Expense Analysis: Highlighting exactly where your cash is burning so you can cut unnecessary costs before they impact your runway.

Tax Preparation & Matching:

GST Data Consolidation: We organize your B2B and B2C sales data into perfect GSTR-1 formats, ready for immediate filing.
ITC Verification: Basic matching of your purchase invoices to ensure you are legally prepared to claim Input Tax Credit.
Year-End Ready: Because your reports are generated monthly, your books are instantly ready for income tax filing when March 31st arrives.

Financial Documents for Basic Accounting

THE PROCESS

Seamless Data Integration

We act as a seamless extension of your business. You provide the monthly raw materials via our secure portal, and we construct the financial architecture.

Bank Statements

Monthly statements for all current accounts and business credit cards for 100% accurate reconciliation.

Tax Invoices

All GST and Non-GST sales bills and purchase invoices to calculate your exact tax liabilities.

Expense Proofs

Digital receipts for your software, marketing, rent, and utility expenses.

Previous Year Books

If you are moving to us from another CA, we will need your previous year's finalized balance sheet to carry forward opening balances.

CLARIFICATIONS

Frequently Asked Questions

Answers about reporting timelines and tax integrations in the Basic plan.

Once you upload your complete bank statements and invoices for the previous month, our team typically requires 3 to 5 working days to reconcile the ledgers and deliver your finalized Profit & Loss and Balance Sheet reports.

This plan includes the meticulous preparation of your GST data (ensuring your GSTR-1 sales and GSTR-2B purchase data are perfectly matched in the accounting software). The actual submission of the returns to the government portal is usually billed as a separate compliance service, but it becomes incredibly fast and cheap because the books are already perfect.

The Basic plan provides financial tracking (rupees in, rupees out). It does not include item-wise physical stock or inventory management. If your business requires detailed SKU-level stock tracking, we recommend upgrading to our Accounting (Advanced) plan.

Yes. Our certified accountants are fluent in cloud-based software like Zoho Books, QuickBooks, and Xero, as well as traditional systems like Tally Prime. We adapt to the software environment that works best for your business operations.