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Financial StatementsP&L, Trial Balance & Period-End Reporting

Balance Sheet & Financial Statements

Get assistance preparing financial statements and understanding your business's financial position using available accounting records.

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Who Needs Balance Sheet & Financial Statements?

Proprietorships and firms needing finalized balance sheets for Income Tax Return filing.
Businesses applying for bank financing, CC/OD limits, or letter of credit facilities.
Business owners wanting to evaluate gross profit margins, operating overheads, and net return on capital.

Common Challenges Businesses Face

#1Unbalanced trial balances due to suspense entries or unadjusted opening balances.
#2Incorrect classification of capital expenditure as revenue expense (or vice versa).
#3Missing depreciation calculations under Income Tax Act vs Companies Act.
#4Delays in finalizing annual numbers causing missed ITR filing deadlines.

What Our Service Includes

Comprehensive review and finalization of Trial Balance.
Calculation of depreciation schedules as per applicable tax rules.
Drafting of Balance Sheet (Assets, Liabilities, Capital / Equity accounts).
Drafting of Profit & Loss Account (Revenue from operations, direct costs, overheads, net profit).
Ratio analysis summary (Current ratio, Debt-equity, Gross profit margin, Net profit margin).
Organization of supporting schedules for tax audit or statutory audit review.

Required Documents Checklist

Digital Scans Required

Year-End Financial Inputs

Complete general ledger and trial balance for the financial year
Closing stock valuation summary as of March 31st
Bank reconciliation statements and year-end bank balance confirmation certificates
Depreciation charts from the previous financial year
Loan outstanding statements and interest certificates
Previous year filed ITR and audited financial statements (for opening balances)

Step-by-Step Execution Process

1

Trial Balance Review & Hygiene Check

We audit the initial trial balance to identify suspense accounts, negative cash/bank balances, and unposted adjustments.

2

Closing & Provisions Entries

We calculate depreciation, closing stock adjustments, prepaid expenses, and accrued liabilities.

3

Statement Compilation

Financial statements are compiled into standard schedule formats (Schedule III for companies or standard format for non-corporates).

4

Management Walkthrough & Delivery

We review the key numbers with you, explaining key ratios, taxable income impacts, and archive final schedules.

Applicable Deadlines & Compliance Notice:

For financial year ending March 31st, non-audit ITRs are due July 31st; tax audit financial statements are due September 30th / October 31st.

Frequently Asked Questions

Can Taxoras sign or audit my balance sheet as a Statutory Auditor?

No. Statutory audits and tax audit reports under Section 44AB require certification by an independent practicing Chartered Accountant (CA) holding a valid Certificate of Practice. We prepare, organize, and compile the financial statements and supporting schedules to make the audit process smooth and hassle-free.

What is CMA data for bank loans?

CMA (Credit Monitoring Arrangement) data is a structured financial report showing historical performance (past 2-3 years) and projections (next 3-5 years) required by banks to evaluate loan and working capital limit eligibility.

How is closing stock valued for the balance sheet?

As per standard accounting principles (AS 2), inventories are generally valued at the lower of cost or net realizable value (NRV).

Transparent Pricing Approach

Fee Structure: Annual Statement Preparation Fee

Based on business turnover, entity structure, and whether day-to-day books were maintained by us or supplied externally.

What We Include:
Drafting Balance Sheet & P&L
Depreciation schedule
Ratio summary
What is Excluded:
Independent Statutory Auditor fees and physical stock count
Service Disclaimer: Financial statements are prepared based on records, valuations, and explanations furnished by the management. Compilation does not constitute a statutory audit opinion.

Request a Quote for Balance Sheet & Financial Statements

Submit your business details and requirements. Our desk will contact you with document guidelines and exact pricing.

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We never collect bank passwords, PINs, or Aadhaar OTPs through public forms.
Direct Call: +91 81038 19494

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Quick Service Action

WhatsApp Contextual EnquiryCall: +91 81038 19494
Working Hours:9:30 AM – 6:30 PM IST
Service Location:New Delhi, India
Related Services
Day-to-Day AccountingBank ReconciliationIncome Tax Return Filing
Taxoras
Advisory & Compliance

Professional assistance, transparent pricing, organized documentation and responsive support — wherever your business operates in India.

Suite 402, Barakhamba Road, Connaught Place, New Delhi 110001, India
+91 81038 19494
contact@taxoras.online
Monday to Saturday: 9:30 AM – 6:30 PM IST

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Legal & Regulatory Notice: Taxoras Advisory & Compliance is a professional business accounting and compliance consultancy firm. We provide bookkeeping, data reconciliation, documentation assistance, and statutory compliance coordination. We do not claim government affiliation, nor do we promise zero tax, guaranteed tax savings, or penalty-free filings. All services are rendered strictly based on records provided and applicable Indian laws.

We do not promise zero penalties, guaranteed tax reductions, or unauthorized document certifications. All government portals (gst.gov.in, incometax.gov.in, udyamregistration.gov.in) are official Government of India properties.

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