Bookkeeping · GST & TDS working · MIS reports · Year-end finalisation

Accounting & Bookkeeping Services for Indian Businesses

Clean, up-to-date books every month, without hiring an accountant. We record your sales, purchases, expenses and bank entries, reconcile every account, prepare GST and TDS data, and send you a simple monthly report, so filings, loans and audits are never a scramble.

  • Books closed by the 10th of every month
  • Bank, GST and vendor reconciliation
  • Tally, Zoho Books or your own software
  • Audit trail and backups kept compliant
Bookkeeping from₹2,499 /month
See plans & prices Find your plan
Quick tipTap Sections to jump to the plan finder, prices, 2026 rules, FAQs and more.
Overview

What is accounting and bookkeeping?

Bookkeeping is recording every financial transaction of your business: sales, purchases, expenses, payments and receipts. Accounting turns those records into reconciled ledgers and reports, such as the profit and loss account, balance sheet and cash flow, that tell you how the business is doing and feed your GST, TDS and income tax filings.

Good books are no longer optional. The GST portal now locks the tax liability in GSTR-3B to what your GSTR-1 reports, companies must use accounting software with an audit trail that can't be switched off, and banks, investors and the tax department all expect figures that match. Books that are only "done at year-end" lead to missed input tax credit, wrong returns, notices and late fees.

We keep your books current every month, in your own software and in your name, so you always know your cash, dues and profit, and your filings are built on figures that reconcile.

Who needs it

Who must maintain books of accounts

Some businesses are required to keep books by law; for everyone else, good books save money at filing time.

  • 1
    Companies and LLPsMust keep books on an accrual basis, at the registered office, for every financial year, whatever their size or income.
  • 2
    Businesses above the income tax limitsIndividuals and HUFs with business income above ₹2.5 lakh or turnover above ₹25 lakh in any of the last 3 years.
  • 3
    ProfessionalsDoctors, lawyers, architects, consultants and other specified professions with gross receipts above ₹1.5 lakh.
  • 4
    GST-registered businessesMust keep records of supplies, stock, input tax credit and tax paid, at the principal place of business.
  • 5
    Businesses needing a tax auditTurnover above ₹1 crore (₹10 crore if cash receipts and payments are within 5%), or professional receipts above ₹50 lakh (₹75 lakh with the same cash condition).
  • 6
    Anyone raising moneyLoans, investors and government tenders all ask for up-to-date financial statements.
What we do

What's included in our accounting service

A fixed routine every month, so nothing piles up for year-end.

Every month

  • Record sales, purchases, expenses and journal entries
  • Bank and payment-gateway reconciliation
  • Purchase register matched with GSTR-2B and IMS
  • GST and TDS working for your returns
  • Receivables and payables follow-up list

Every quarter

  • Vendor and customer ledger confirmations
  • Advance tax estimate
  • TDS reconciliation with Form 26AS
  • MIS review call: profit, cash and dues
  • Payments to MSME suppliers flagged before 45 days

At year-end

  • Closing entries, depreciation and provisions
  • Trial balance, profit and loss and balance sheet
  • Schedules and working papers for your auditor
  • Data for ITR, GSTR-9 and ROC filing
  • Books backed up and locked for the year
Plan finder

Bookkeeping plan finder

Enter your typical monthly volumes to see the plan you need, the monthly fee and the time it saves you.

One transaction = one invoice, bill, receipt, payment or bank entry we record.

Recommended plan

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Estimate only. Time saved assumes about 4 minutes per transaction for recording and reconciliation. GST at 18% applies to our fee.

Pricing

Accounting and bookkeeping plans

A fixed monthly fee by volume. No setup fee, and you can change plans any month.

Starter

For proprietors, freelancers and new businesses.

₹2,499+ GST / month · up to 100 transactions

  • Sales, purchase and expense entries
  • 1 bank account reconciled monthly
  • GST working for GSTR-1 and GSTR-3B
  • Purchase register matched with GSTR-2B
  • Monthly profit and loss summary
  • Books closed by the 10th
  • Inventory accounting
  • Year-end finalisation
Choose Starter
Most popular

Growth

For growing companies, LLPs and traders.

₹4,999+ GST / month · up to 300 transactions

  • Everything in Starter, plus:
  • Up to 3 bank and gateway accounts
  • Inventory and stock accounting
  • Receivables and payables tracking
  • TDS working and 26AS reconciliation
  • Monthly MIS report and quarterly review call
  • Year-end finalisation and auditor support
Choose Growth

Scale

For larger teams, e-commerce and multi-location businesses.

₹9,999+ GST / month · up to 800 transactions

  • Everything in Growth, plus:
  • Unlimited bank, card and gateway accounts
  • Marketplace and payment gateway settlement matching
  • Branch or project-wise accounts
  • Monthly cash flow and budget vs actual
  • Dedicated accountant on WhatsApp
  • Priority closing by the 7th
Choose Scale

GST at 18% applies. Transactions above your plan's limit are billed at ₹15 each, or we move you to the next plan. Pending months from earlier years are done as a one-time catch-up, quoted after seeing your data. GST and TDS return filing can be added; see GST return filing.

Compare

IBACT vs an in-house accountant vs doing it yourself

For most small businesses, outsourced bookkeeping costs less than a part-time accountant and is reviewed by more than one person.

What mattersIBACTIn-house accountantDo it yourself
Monthly costFrom ₹2,499 + GSTSalary, PF and software, often ₹20,000+Your time, every week
Leave and resignationsA team covers itWork stops when they're awayWork stops when you're busy
GST and TDS knowledgeUpdated with every rule changeDepends on the personLearn as you go
ReviewEntries checked by a seniorUsually one personNone
ReportsMonthly MIS and review callOn requestWhen you find time
2026 rules

Accounting rules to know in 2026

These rules make monthly, reconciled books the only safe way to work.

  • Since Jul 2025
    GSTR-3B liability is lockedTax liability auto-filled from GSTR-1 can't be edited in GSTR-3B. Mistakes must be fixed through GSTR-1A, which can be filed once a period, before GSTR-3B.
  • Since Jul 2025
    3-year limit on GST returnsGSTR-3B can't be filed more than 3 years after its due date, so old pending returns can be lost for good.
  • Since Apr 2023
    Audit trail for companiesCompanies must use accounting software that records an edit log of every change, which can't be disabled, and keep it for 8 years.
  • Companies
    Daily backup on servers in IndiaBooks kept electronically must be backed up daily on a server located in India.
  • Every business
    Keep books for 8 yearsCompanies must preserve books for 8 financial years. Penalties for not maintaining books run from ₹25,000 to ₹5 lakh for the company, and ₹50,000 to ₹5 lakh for officers in charge.
  • Buyers
    Pay MSME suppliers on timeUnder the income tax rules, payments due to micro and small enterprises that are made after 45 days (15 days without an agreement) are disallowed as an expense until paid. We flag them every month.
What we need

What we need from you

Share these once to start, then a monthly folder or WhatsApp upload. We chase only what's missing.

To start

  • PAN, GSTIN and registration documents
  • Access to your accounting software, or we set one up
  • Last filed balance sheet and ITR
  • Opening balances and outstanding lists

Every month

  • Bank and credit card statements
  • Sales invoices and purchase bills
  • Payment gateway and marketplace reports
  • Expense receipts and petty cash

When they happen

  • Loan sanction letters and statements
  • Asset purchases and sales
  • Salary sheets, if payroll is outside us
  • Any notice or letter from GST or income tax
Process

How our bookkeeping works

Onboarding takes about a week. After that, the same calendar every month.

1

Free reviewDay 1

We look at your current books, software and volumes, and confirm the plan and monthly fee.

Health check
2

Set up & catch upWeek 1

Chart of accounts, opening balances, audit trail and backups configured; pending entries brought up to date.

Opening balancesAudit trail
3

Monthly uploadBy the 3rd

You share last month's statements, invoices and bills by WhatsApp, email or a shared folder.

WhatsAppShared folder
4

Record & reconcileBy the 8th

Entries recorded, bank and GST matched, and queries sent to you in one list.

BankGSTR-2B
5

Books closed & reportBy the 10th

The month is closed, GST and TDS data handed to filing, and your MIS report sent.

MISGST data
6

Year-endApril to September

Finalisation, auditor support and data for ITR, GSTR-9 and ROC filings.

FinalisationAudit
Why IBACT

More than bookkeeping: Start, Build and Grow with one team

Books, filings and growth tools from one team, so the numbers always line up.

Start

Stay compliant

GST, TDS, income tax and ROC filings built on the same books we keep.

GST return filing
Build

Get online

Business websites and online stores with invoices that flow straight into your books.

Website plans
Grow

Reach more customers

WhatsApp Business API, SMS and ads, with spend tracked in your MIS.

WhatsApp API
FAQs

Accounting and bookkeeping: frequently asked questions

How much do accounting and bookkeeping services cost?

Our plans start at ₹2,499 a month + GST for up to 100 transactions, ₹4,999 for up to 300 with inventory and year-end finalisation, and ₹9,999 for up to 800. Extra transactions are ₹15 each. Use the plan finder above for your volume.

What counts as a transaction?

Each sales invoice, purchase or expense bill, receipt, payment or bank entry we record is one transaction. A bank entry that only settles an invoice we've already recorded is matched, not counted again.

Is bookkeeping mandatory for small businesses?

Companies and LLPs must keep books every year. Individuals and HUFs must keep books if business income is above ₹2.5 lakh or turnover above ₹25 lakh in any of the last 3 years, and specified professionals if gross receipts are above ₹1.5 lakh. GST-registered businesses must keep records of supplies, stock and tax.

Which accounting software do you use?

We work in the software you already use, such as Tally Prime, Zoho Books or QuickBooks, or set one up for you. The software licence and data stay in your name.

What is the audit trail requirement?

Since 1 April 2023, companies must use accounting software that records an edit log of every change to the books, which can't be switched off, and keep it for 8 years. We check this is enabled when we set up your books.

How long must books of accounts be kept?

Companies must preserve books for at least 8 financial years. Income tax and GST rules also require records to be kept for several years, so we recommend keeping everything for at least 8 years.

How does the GSTR-3B hard lock affect my books?

From the July 2025 tax period, the tax liability auto-filled from GSTR-1 can't be edited in GSTR-3B. Any mistake must be corrected through GSTR-1A before filing GSTR-3B, so sales must be recorded and checked accurately every month.

Do you file GST and TDS returns too?

Our plans include the GST and TDS working from your books. Filing the returns can be added at a combined price, or handled by our GST and TDS filing services.

Can you update books for past years?

Yes. We do a one-time catch-up for pending months or years, quoted after we see your bank statements and invoices, and then continue monthly. Remember GST returns can't be filed more than 3 years after their due date.

Will you prepare the balance sheet and profit and loss account?

Yes. On the Growth and Scale plans we finalise the books at year-end and prepare the trial balance, profit and loss account, balance sheet and schedules for your auditor and tax filings.

Do you do the statutory audit?

No. A statutory or tax audit must be done by an independent chartered accountant appointed by you. We prepare the books, schedules and working papers and coordinate with your auditor.

How do I share documents every month?

By WhatsApp, email or a shared folder. Most clients forward bank statements and invoices by the 3rd of the month, and we send one list of queries instead of many messages.

When will my books be closed each month?

By the 10th of the following month on Starter and Growth, and by the 7th on Scale, as long as documents reach us by the 3rd. That leaves time for GSTR-1 and GSTR-3B.

Is my financial data safe?

We work in your own software with named logins that you can remove at any time. Companies' electronic books must be backed up daily on a server in India, which we help you set up.

What is an MIS report?

A short monthly management report: sales, expenses, profit, cash in the bank, what customers owe you and what you owe suppliers, compared with earlier months, so you can make decisions without reading ledgers.

What is the MSME 45-day payment rule?

Under the income tax rules, amounts owed to micro and small enterprises and paid after 45 days (15 days without a written agreement) are disallowed as an expense until they are paid. We flag these dues every month.

Can I switch from my current accountant to IBACT?

Yes. We take over from your last closed month, check the opening balances, and catch up any pending entries. You don't need to change software.

Do you support e-commerce and marketplace sellers?

Yes. On the Scale plan we match marketplace and payment gateway settlements, fees, returns and TCS with your sales, which is where most online sellers lose money in their books.

Close every month with clean, reconciled books

Tell us your business and monthly volume. We'll reply on WhatsApp in minutes with the right plan and price.

IBACT Digital (IBACT Innovations Pvt Ltd) is a private consultancy, not a government body. Bookkeeping is done on the software you choose and the books remain your property. Statutory audits are carried out by an independent chartered accountant appointed by you. Rules are as of October 2026 and may change. The plan finder is an estimate only.

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