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Accounting
Simplify your business accounting with Bharat e-Filing — India’s trusted platform for accurate, compliant, and cloud-based bookkeeping. Get expert-managed accounting, GST & tax filing, and audit-ready reports — all under one secure digital dashboard.
Filing done within 24 Hours
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How to select options
Sole Proprietorship (GST Registration Only)
Start your proprietorship with expert GST registration service. Quick, hassle-free process handled by professionals across all applicable states.
Sole Proprietorship (GST Registration + 1 Year Return Filing)
Get GST registration plus 1-year GST return filing. Ideal package for smooth business setup and ongoing tax compliance
Sole Proprietorship (GST Registration + 1 Year Return Filing + Udyam Registration)
Comprehensive package with GST registration, Udyam registration, and 1-year return filing. Perfect start for small business owners.
Documents Required for Accounting
Business & Customer Details
GSTIN of the supplier and recipient (if registered), along with business name and address, are mandatory on all invoices.
Invoice Information
Each invoice must have a unique serial number (up to 16 characters), date of issue, and digital or physical signature of the supplier.
Goods/Services Description
Include detailed description of goods/services, HSN/SAC codes, quantity, unit, taxable value, and the applicable CGST, SGST/UTGST, or IGST rates.
Place of Supply
Mention the Place of Supply clearly, as it determines whether the transaction is interstate (IGST) or intrastate (CGST + SGST).
For e-Invoicing
Must be registered on the Invoice Registration Portal (IRP). Invoice data must be uploaded in JSON format, manually or via ERP/GSP. After validation, the portal returns a unique Invoice Reference Number (IRN) and a QR code.
Official Portals
1.GST e-Invoicing Portal (IRP)
2.GST e-Way Bill Portal
Get Expert Consultation
Accounting
Accounting Services for Businesses — Simplify, Comply, Grow
Empowering Businesses with Precision Accounting
At Bharat e-Filing, we deliver end-to-end Accounting Services that go beyond bookkeeping. Our experts ensure your financial records are accurate, compliant with laws, and strategically aligned for growth — all under ICAI’s professional and ethical framework.
From startups to corporates, we make accounting effortless, transparent, and future-ready.
What is Accounting?
Accounting is the art and science of recording, classifying, summarizing, and interpreting financial transactions of a business. It provides the foundation for:
- Understanding performance and profitability
- Complying with Income-tax and Company laws
- Facilitating audits and investor confidence
- Supporting management in decision-making
Every transaction matters — and proper accounting ensures that no number is ever out of place.
Meaning of Accounting
Accounting is the language of business — it communicates a company’s financial story.
Through systematic records, reconciliations, and reporting, accounting ensures that your enterprise is ready for taxation, investment, and compliance — building trust and accountability in every figure presented.
Why Accounting Matters for Every Taxpayer Category
Under Section 2(31) of the Income-tax Act, 1961, every person — be it an Individual, HUF, Firm, LLP, Company, Trust, or Society — must maintain proper books of account.
Importance for Each Category:
Category |
Why Accounting Is Important |
|---|---|
Individual / HUF
|
For income computation, deductions, and audit limits under Section 44AB.
|
Firm / LLP
|
Mandatory for profit allocation, tax filings, and MCA annual filings.
|
Company
|
Compulsory under the Companies Act, 2013 for all statutory audits and filings.
|
Trust / Society / Section 8 Company
|
Required for exemption claims under Sections 11 & 12 of the Income-tax Act and for CSR disclosures.
|
Proper accounting = legal compliance + financial clarity.
Documents Required for Business Accounting
To maintain transparency and ensure compliance with taxation and audit laws, businesses must provide the following:
- Business Formation Documents
- PAN, TAN, GST Registration
- Incorporation Certificate / LLP Agreement / Trust Deed
- Partnership Deed / MOA & AOA
- Registration Certificates (MCA, NGO Darpan, etc.)
- Financial & Bank Records
- Bank Statements (All Accounts)
- Loan Statements, Fixed Deposit Details
- Cheque & Cash Transaction Records
- Invoices & Bills
- Sales Invoices, Purchase Bills
- Expense Vouchers, Rent & Utility Bills
- GST Returns (GSTR-1, 3B, 9)
- Payroll & Compliance
- Salary Sheets, PF/ESI Registers
- TDS Challans & Returns
- Form 16, 26Q, 24Q Statements
- Statutory Filings
- ITR Filings
- MCA Annual Returns (AOC-4, MGT-7)
- Audit Reports (Form 3CA, 3CB, 3CD)
Legal Requirement for Accounting by Entity Type
LLP
As per the LLP Act, 2008, books must be maintained on an accrual basis using the double-entry system.
Annual filings in Form 8 (Statement of Account & Solvency) and Form 11 (Annual Return) are mandatory.
Private Limited Company
Under Section 128 of the Companies Act, 2013, books must be maintained at the registered office.
Financial statements must comply with Schedule III and Accounting Standards (AS/Ind AS).
Non-compliance Penalty: ₹25,000 – ₹5,00,000 under Section 129(7).
Trusts & Societies
For those registered under Sections 12A/12AB of the Income-tax Act, books are mandatory to claim exemption.
They must maintain Receipts & Payment Accounts, Income & Expenditure, and Balance Sheets as per ICAI’s not-for-profit entity standards.
Section 8 Companies
Must comply with the Companies Act’s provisions and have books audited annually under Section 134.
Failure may lead to revocation of its license.
Penalties for Non-Compliance
Violation |
Relevant Section |
Penalty |
|---|---|---|
Failure to maintain books
|
Sec. 271A
|
₹25,000
|
Failure to get books audited
|
Sec. 271B
|
0.5% of turnover (max ₹1,50,000)
|
Non-filing of MCA Returns
|
Companies Act, 2013
|
₹25,000 – ₹5,00,000
|
Trust not maintaining accounts
|
Sec. 12AB(4)
|
Cancellation of registration
|
Maintaining proper accounting isn’t optional — it’s a legal and financial safeguard.
Accounting and Audit — Management’s Role
As stated in the ICAI’s Guidance Note on Tax Audit (Section 44AB),
“The responsibility for maintaining proper books lies with the management — not the auditor.”
CAs audit; management ensures correctness.
Hence, every business must maintain records that accurately reflect its financial position to prevent qualifications in audit reports.
Accounting with Bharat e-Filing
We integrate Accounting + Compliance + Filing on one seamless digital platform —
Bharat e-Filing, India’s modern accounting ecosystem.
Key Features
✅ Cloud-based bookkeeping
✅ Automated bank & GST reconciliation
✅ Real-time linkage with Income-tax, GST, and MCA portals
✅ AI-driven compliance alerts
✅ Audit-ready reports and digital storage
This ensures your accounting stays compliant, accurate, and future-ready — all under a single dashboard.
Why Choose Bharat e-Filing
- Managed by ICAI-trained professionals
- Monthly MIS reports for management insight
- Year-round compliance monitoring
- Transparent pricing — no hidden costs
- Expertise in multi-entity bookkeeping (LLP, Pvt Ltd, Trusts, Societies)
Starting a Business and Confused Where to Begin?
At Bharat E-Filing, we take care of Accounting, Business, Compliance, and handle end-to-end solutions.
Customer Reviews For Accounting
Our clients trust Bharat e-Filing for reliable, efficient and expert-led on time services. Here’s what they have to say.
Original price was: ₹7,999.00.₹5,999.00Current price is: ₹5,999.00.
