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Compliance

Monthly Bookkeeping

Quick answer: Monthly bookkeeping is the financial pulse of a business. It gives you real-time data to make decisions about cash flow, pricing, staffing, and growth. A business that only reviews its finances at year-end is operating blind for 11 months. The cost of that blindness is missed opportunities. Errors pile up in receivables and payables. You…

Available across all Gujarat districts & Dadra & Nagar Haveli, Daman & Diu
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  • Process CheckedAccuracy and compliance checks
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  • 4.9/5 ratedVerified rating from 352+ reviews

Audience

Who needs Monthly Bookkeeping?

  • E-commerce sellers with daily Amazon, Flipkart or Shopify order volumes
  • Service businesses billing monthly retainer invoices to multiple clients
  • Retailers and distributors with daily cash, card and UPI collections
  • Startups running monthly investor or board MIS for burn and runway
  • NRIs and remote owners needing a reliable India-based accounting team

How it works

  1. Onboarding and Software Setup

    Share entity PAN and GSTIN; we set up Tally Prime, QuickBooks Online or Zoho Books with the right chart of accounts.

  2. 2

    Opening Balances and Masters

    Set up opening balances, customer and vendor masters and opening bank, loan and capital balances for the month.

  3. 3

    Month-End Posting and Reconciliation

    Post all transactions for the month and reconcile bank, card, gateway, loan and inter-company accounts before closing.

  4. 4

    MIS on the 5th of Next Month

    Deliver P&L, balance sheet, cash flow, GST dashboard and aging reports on the 5th working day of the next month.

  5. Compliance Hand-off

    Share the reconciled ledgers with the GST, TDS and payroll teams so monthly returns are filed on time without rework.

Timeline

Day 1-2Onboarding and software setup
Day 3-5Opening balances and master creation
Day 6-10First month-end close and MIS
5th of next month onwardsSteady-state monthly closes

Why file this

Benefits of monthly bookkeeping

  • Daily sales, purchase and expense posting on Tally, QuickBooks or Zoho
  • Bank, card and payment-gateway reconciliation every single month
  • Receivable and payable aging plus customer follow-up reminders monthly
  • MIS with P&L, balance sheet and cash-flow delivered on the 5th
  • 44AA-ready ledgers and vouchers from day one of the engagement
  • Dedicated accountant with WhatsApp and call support during business hours

Documents required

6 documents needed for monthly bookkeeping.

  • PAN, GST registration certificate and entity incorporation documents
  • Bank, credit card and payment-gateway statements for every month
  • Sales invoices, credit notes and supplier bills with their GSTIN
  • Loan EMI statements and interest certificates from banks and NBFCs
  • Salary sheets, TDS deposits and Form 16 or 16A already issued
  • Petty-cash vouchers, courier and travel bills as supporting evidence

Need help?

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DIY vs FinTax24

Why file monthly bookkeeping with FinTax24 instead of doing it yourself.

Comparison of DIY filing, local tax consultant, and FinTax24 across filing time, expert review, document check, support, and pricing.
AspectDIY / PortalLocal Tax ConsultantFinTax24
Filing time7–14 days (typical)Varies by availability and workloadMonthly cadence
Expert reviewNoneDepends on the consultantExpert verified on every filing
Document checkYou self-verify; rejected on portalManual review may varyPre-verified by our team before submission
SupportEmail / chatbotAppointment-based or office hoursWhatsApp + phone, Mon–Sat 10 AM–7 PM IST
PricingGovernment fees onlyConsultant fee + government feesTransparent: ₹1,999 + govt fees

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Frequently asked questions

Books are closed and MIS is delivered by the 5th working day of the next month. If we miss this, we credit one month of the recurring fee as SLA penalty.

You can pick Tally Prime, QuickBooks Online or Zoho Books; we adapt to the one your auditor or investor is comfortable with and do not push our own licence.

Yes. We reconcile bank, credit card, payment-gateway and loan accounts every month and share the reconciliation statement for your records.

Monthly bookkeeping covers entries and reconciliation. GST return filing and TDS return filing are available as separate monthly retainers if needed.

We freeze the December and March books early, prepare 44AB-ready schedules and coordinate with your statutory auditor during the audit window.

Yes, a dedicated qualified accountant is assigned to your entity with a reviewer as backup, and you get direct WhatsApp and call access during business hours.

There is no lock-in. We bill monthly in advance and you can pause or cancel with 30 days notice after the first three months of engagement.

Need help?

Help with Monthly Bookkeeping — you get a reply in 4 hours

About this service

Monthly bookkeeping is the financial pulse of a business. It gives you real-time data to make decisions about cash flow, pricing, staffing, and growth. A business that only reviews its finances at year-end is operating blind for 11 months. The cost of that blindness is missed opportunities. Errors pile up in receivables and payables. You scramble to reconstruct records when a bank asks for statements or an investor requests financials. Monthly bookkeeping eliminates this crunch. Every transaction — from petty cash to large capital expenditure — is recorded, categorised, and reconciled on a regular cycle all year.

How Monthly Bookkeeping Prevents Year-End Surprises

Businesses that skip monthly bookkeeping often discover at year-end that their books have errors. These errors would have been obvious and easy to fix month-by-month. Now they are complex and time-consuming to unravel. Common year-end surprises include: GST input tax credit claimed on purchases the supplier never uploaded, creating a mismatch; expenses recorded in the wrong period, inflating one quarter and understating another; bank balances that do not match the books because transactions were posted on the wrong date; and receivables that have aged beyond recognition because follow-up was never done. Monthly reconciliation catches each of these issues as they arise. It keeps the books accurate at all times.

Key sources: gst.gov.in, incometax.gov.in, tds.nic.in.

Reviewed by FinTax24 Compliance Desk · Review date

About FinTax24

ISO 27001 · Startup India · MCA registered
Legal name
FinTax24 LLP
Founded
2021
Headquarters
Gujarat, Gujarat, India
Certifications
ISO 27001 · ISO 9001 · ISO 22301
Recognition
Startup India · MCA registered
Coverage
All 33 Gujarat districts + Dadra & Nagar Haveli & Daman & Diu
Hours
Mon - Sat: 10 AM - 7 PM IST

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