Accounting & Bookkeeping
The Backbone of Corporate Governance
Modern accounting is the backbone of corporate governance. At SBCK, we move beyond simple data entry to provide comprehensive financial management.
We ensure your business remains 100% compliant with the Companies Act, 2013, Income Tax Act, and GST regulations, providing you with accurate, audit-ready, and insightful financial data to support your growth.
Our Core Accounting & Bookkeeping Services
Double-Entry Bookkeeping
Maintaining meticulous records of daily transactions (sales, purchases, receipts, and payments) on an accrual basis, as strictly required by law.
Statutory Financial Statements
Preparation of annual Balance Sheet, P&L, and Notes to Accounts in strict accordance with Schedule III of the Companies Act, 2013.
Tax Compliance Mapping
Seamless integration of accounting data with GST filings (GSTR-1, 3B, 9) and TDS/TCS deductions, ensuring zero mismatches during tax assessments.
Month-End Reporting
Delivering Management Information Systems (MIS) reports, including cash flow and profitability analysis.
Bank & Inter-Company Reconciliations
Rigorous reconciliation of bank ledgers and inter-company transactions to ensure data integrity and detect discrepancies early.
The "Why SBCK?" Factor
Using non-compliant accounting methods can expose your company to severe penalties. We strictly adhere to mandatory Indian regulations:
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The MCA Audit Trail (Edit Log) Mandate: Under Rule 3(1) of the Companies Rules, we use only software featuring an unalterable "Edit Log" that records every transaction modification with a timestamp.
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Section 128 (Companies Act, 2013): We ensure all records use accrual basis double-entry systems, and manage the mandatory 8-year document retention policy for all digital audit logs.
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Section 44AA Compliance: We maintain specific books required under the Income Tax Act, protecting you from penalties associated with presumptive taxation audits.
Our Tech-Enabled Accounting Stack
To meet the stringent MCA electronic record-keeping standards, our firm utilizes industry-leading, compliant platforms. All data backups are maintained on servers within India to adhere to MCA data residency norms.
Flexible Engagement Models
Co-Sourced / Supervisory
Your internal team handles routine entries; our experts manage complex reconciliations, tax mapping, and final financial reporting.
Fully Outsourced
We function as your off-site finance department, managing absolutely every ledger entry and tax filing from start to finish.
Virtual CFO Services
High-level strategic advice, board-level reporting, KPI tracking, and audit defense support for rapidly growing companies.
Frequently Asked Questions
No. Under Section 128 of the Companies Act, 2013, it is legally mandatory for every company to maintain its books of accounts on an accrual basis and double-entry system. Only certain individual freelancers or small proprietorships can opt for cash-basis accounting.
If your software allows users to edit or delete journal entries without leaving a logged, timestamped trail, your Statutory Auditor is legally required to report this non-compliance to the MCA. This can result in severe penalties. SBCK exclusively uses software that meets this mandate.
You can maintain your books and vouchers in an electronic mode. However, the law requires that they remain accessible in India at all times, are completely legible, and that a backup of the data is stored on servers physically located within India. We help set up this digital document management system.