ACCOUNTING & BOOK KEEPING

Accounting (Growth): Scale with Confidence

As your business scales from a small startup to a growing enterprise, your financial needs change dramatically. You are no longer just tracking basic sales; you are managing a payroll, juggling multiple vendor payments, and suddenly facing strict TDS (Tax Deducted at Source) compliance rules. A simple data-entry approach is no longer enough.

Our Accounting (Growth) plan is built for companies ready to accelerate. At The Online Tax, we expand our financial support to include comprehensive Accounts Receivable & Payable tracking and precise payroll processing. We ensure your employees get their payslips on time, your vendors are managed efficiently, and your TDS liabilities are calculated perfectly before the government deadlines.

Upgrade to the Growth Plan

Growth Accounting and Payroll Processing Services

CORE DELIVERABLES

Beyond Basic Reporting

The Growth plan includes everything from the Basic tier (P&L, Balance Sheet, GST Data) and adds critical operational financial management.

Payroll & TDS Management:

Payroll Processing: Calculation of monthly salaries based on attendance, including the generation of professional digital payslips for your team.
TDS Tracking: We accurately calculate the TDS to be deducted on employee salaries (Sec 192) and professional vendor payments (Sec 194J/C).
Challan Preparation: Generating the exact TDS payment challans so you can deposit the tax to the government without delays or penalties.

Receivables & Payables:

Accounts Receivable (AR): Detailed tracking and aging reports showing exactly which clients owe you money and how far past due their invoices are.
Accounts Payable (AP): Organized tracking of your vendor bills so you can optimize your cash flow and never miss a payment deadline.
Vendor Reconciliation: Cross-checking vendor ledgers to resolve discrepancies and protect your working capital.

Payroll Data and Vendor Invoices for Growth Accounting

THE PROCESS

Expanding Your Data Pipeline

To manage your payroll and track your debtors/creditors effectively, we integrate slightly deeper into your monthly operations.

Standard Financial Data

Your regular monthly Bank Statements, Sales Invoices, and Expense Receipts for core reconciliation.

Attendance Records

A monthly summary of employee attendance, leaves, and bonuses so our team can process accurate salaries.

Vendor Contracts

Details of professional or contractor agreements to ensure we apply the correct TDS percentage (e.g., 2% vs 10%).

Investment Proofs

For employees falling into taxable brackets, we collect their Chapter VI-A investment proofs to optimize their TDS.

CLARIFICATIONS

Frequently Asked Questions

Common questions about payroll execution and TDS compliance in the Growth plan.

No, we do not access or control your bank accounts. Our team calculates the exact net salary amounts, generates the payslips, and provides you with a consolidated "Bank Advice" or payout file. You simply upload this file to your corporate banking portal to execute the transfers securely.

An aging report categorizes your outstanding client invoices based on how long they have been unpaid (e.g., 0-30 days, 31-60 days, 90+ days). This report is crucial for maintaining cash flow, as it shows you exactly which clients you need to follow up with urgently.

The Growth plan covers the calculation and basic ledger recording of PF and ESI deductions. However, the comprehensive management of the PF portal and filing the actual monthly statutory returns is included in our Accounting (Advanced) plan.

The Income Tax Department places the responsibility of tax collection on the business owner. If you pay a professional consultant (like a marketing agency) more than ₹30,000 without deducting 10% TDS under Section 194J, the government will disallow that expense and penalize you. We track your vendor thresholds to ensure you never miss a deduction.