Accurate books are the foundation of every business, recording each transaction, reconciling accounts, and producing the financial statements that tax, GST, and ROC filings depend on. Samkhya keeps your books clean and your accounts ready, month after month.
Bookkeeping is the recording of a business’s financial transactions, sales, purchases, expenses, receipts, and payments, and accounting turns those records into meaningful financial statements. Together they involve maintaining the ledgers, reconciling the bank and other accounts, recording GST and TDS correctly, and preparing the profit and loss account and balance sheet. Clean books are not just good practice: they are what every compliance filing relies on, the GST returns, the TDS returns, the income tax return, and the annual ROC filings all draw on the accounts. Well-kept books also give the owner a clear view of the business, its profitability, its cash position, and its receivables and payables, on which to base decisions. Samkhya maintains your books accurately and keeps them ready for every filing.
Well-kept books bring real benefits:
Bookkeeping and accounting cover:
Keeping the books involves:
Bookkeeping suits:
Bookkeeping runs on a regular rhythm. The source documents, invoices, bills, bank statements, and receipts, are gathered, and each transaction is recorded in the books and classified to the right head. The bank and other accounts are reconciled, and GST and TDS entries are checked against the returns. From the recorded data, the financial statements, the profit and loss account and the balance sheet, are prepared, along with any management reports the owner needs. The books are kept current and reconciled, so that when a GST return, a TDS return, the income tax return, or the ROC filings fall due, the figures are ready. Samkhya maintains this cycle, typically monthly, so the accounts are always accurate and filing-ready.
For Recording:
For Reconciliation:
Keeping the books follows a clear cycle:
Keeping your books with Samkhya Corporate Services is simple. Just follow these easy steps:
From there, our team handles the recording, reconciliation, and statements.
Bookkeeping is an ongoing cycle:
Bookkeeping is the foundation on which compliance rests. Every major filing draws on the accounts: the GST returns need the sales and purchase records, the TDS returns need the deduction entries, the income tax return needs the profit and loss account and balance sheet, and the annual ROC filings need the audited accounts. When the books are current and reconciled, each of these is a matter of drawing on ready figures rather than a year-end scramble. Clean books also keep a business audit-ready and support funding and due diligence, where investors examine the accounts closely. By keeping the books accurate month to month, Samkhya ensures that the financial statements are reliable and every downstream filing, GST, TDS, income tax, and ROC, rests on a sound base.
| Feature | Detail |
| Bookkeeping | Recording all transactions. |
| Accounting | Preparing the financial statements. |
| Reconciliation | Bank and account matching. |
| Supports | GST, TDS, ITR, and ROC filings. |
| Cycle | Typically monthly. |
| Outcome | Clean, audit-ready accounts. |
What is the difference between bookkeeping and accounting?
Bookkeeping is the recording of a business’s transactions, while accounting turns those records into financial statements and analysis.
Why does a business need good books?
Clean books support every tax and ROC filing, give a clear view of profitability and cash, and keep the business ready for audit and funding.
What does bookkeeping cover?
It covers recording every transaction, maintaining the ledgers, reconciling the accounts, recording GST and TDS, and preparing the financial statements.
How do clean books help with compliance?
The GST returns, TDS returns, income tax return, and ROC filings all draw on the accounts, so current, reconciled books make each filing straightforward.
How often should the books be maintained?
Books are best maintained on a regular cycle, typically monthly, so they stay current, reconciled, and ready for any filing.
Do good books help with funding?
Yes. Investors and lenders examine the accounts closely, so clean, current books support funding and due diligence.
