Accounting Review Services

Books review and corrections by professionals. Check how compliant you are with statutory laws and how well your accounting is done.

What is Review of Books of Accounts?

Analysis and Evaluation of data and processes related to finance and account’s function in a time bound manner.

Only Compliance Package

Rs. 5,000/- per Quarter approx

  • More than 40 GST compliance points check.
  • More than 10 Income tax and TDS/TCS points check
  • Report sharing in 7 working days from receipt of details.
  • Upto annual turnover of Rs. 5 Crores.
  • For turnover above said limit Rs. 1,000 per 1 Crore turnover additional.
  • Other terms and conditions will be communicated at time of start of assignment
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Full Accounts Review Package

Rs. 8,000/- per month approx

  • All features of Compliance package
  • More than 40 check points related to accounting completeness and accuracy.
  • More than 10 check points related to inventory books accuracy and compliances.
  • Graphical and data visualization of books in standard formats.
  • Observation and correction measures discussion meeting with professionals.
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How You Proceed

Preliminary Meeting

Discussion with client for setting expectations and deliverables.

Sharing of Short requirements list

Requirements are very brief and will be shared in 2 phases

Review of books

Review of books is performed. This includes short management and accounts team meetings. Process check vouching and other procedures

Report Drafting

Based on observations and evidences written report is prepared

Final Review and Report sharing

Final report is shared with management. Meeting may also be done for discussion on observations and correction

You are Done !!

Congrats, now you have a much clear idea of health of your books of accounts

Key Problems Addressed by Review

Repeated Mistakes in Tax Returns

Repeated mistakes in return filing or tax payments or delay in compliances

Internal Review or Audit Ineffective

Performance of internal appraisal activity without any value addition to books of accounts

Major Adjustments at Year End

Review of books during the year. timely insights to potential problems and their corrections

Lack of Independent Review

Accountant or consultant performing accounting and filing returns is also auditing them

Basic Reports not available

Accounts team is unable to provide basic accounting reports on time

Policy & Process not followed

Despite the entity has defined policy and processes there are errors and mistakes

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