Accounting and Bookkeeping Services in Hyderabad

It depends on transaction volume and what is included. Tax Garden's bookkeeping costs ₹6,000 a month for up to 200 transactions, monthly financial reports cost ₹12,000 to ₹33,000 a month, and clean-up of backlog accounts costs ₹21,000 to ₹52,000 per annum. When comparing quotes, check whether bank reconciliation, GST tagging and month-end closing are included.

Bookkeeping is recording each transaction and reconciling bank and ledgers so the books are accurate. Accounting uses those books to prepare financial statements, reports, forecasts and year-end adjustments, and to support audits and tax filings.

Companies and LLPs must always maintain books. Individuals and HUFs in business must maintain books under Section 44AA if income exceeded ₹2.5 lakh or turnover exceeded ₹25 lakh in any of the three preceding years, unless they use presumptive taxation. Specified professionals must do so once gross receipts cross ₹1.5 lakh. Every GST-registered business must keep the accounts required under Section 35 of the CGST Act.

Companies and LLPs must keep books for 8 years. GST records must be kept for 72 months from the due date of the annual return for that year. Under income tax, keep books and supporting documents for at least 6 years, and longer if an assessment or appeal is pending.

Most bookkeeping can be done remotely: you share bank statements, invoices and bills each month, and the books are maintained in accounting software. An on-site accountant makes sense only if you need daily work at your premises, such as billing, stock counts or cash handling. Tax Garden's bookkeeping plan is remote, and you can meet the team at our Kondapur office.

Since 1 April 2023, every company that keeps books in accounting software must use software that records an audit trail (edit log) of each change, with the date, and the trail cannot be disabled. Auditors report on compliance, so companies should check their software settings.

Yes. A clean-up rebuilds the books from bank statements, invoices and filed GST returns, reconciles them with GSTR-1, GSTR-3B and Form 26AS, and flags gaps such as missed input tax credit or unrecorded liabilities. It is best done before the next income tax return, GST annual return or audit.

The best fit depends on your size and industry. Compare providers on what the monthly fee includes, whether books are reconciled with your GST and TDS returns, how quickly they close each month, who reviews the accounts, and whether you keep ownership of your data and software login. Ask for a written scope and fee before sharing data.