Bookkeeping & Bank Reconciliation
18% GST extra on professional fees
- Entry of sales, purchases and expenses
- Bank reconciliation for one account
- Ledger and trial balance
- Up to 300 vouchers
+ 2 more in this plan
Physical verification and valuation of inventory, receivables and drawing power for bank stock audits and internal stock control.
If you borrow against stock, your lender will want to know it exists, is saleable and is worth what you say. Even without a loan, a stock audit shows how much capital is sitting in slow or missing inventory. We count, value and report in a form lenders and owners can act on.
A stock audit verifies the quantity, quality, ownership and valuation of inventory physically held, and compares it with the stock register and the stock statement submitted to the bank. It also reviews receivables, creditors for goods, insurance, storage conditions, and the calculation of drawing power for cash credit or OD accounts.
We plan the count, observe or conduct the physical verification, reconcile differences between book and physical stock, assess ageing, obsolescence and damaged items, and report observations with recommendations. Reports can be prepared for the lender or only for internal management, depending on the purpose.
You may need it if any of these describe you.
Quantity and value are confirmed by physical verification, not only by book records.
Report formats suited to the bank's stock audit and drawing power requirements.
Ageing and obsolescence analysis shows where working capital is stuck.
Differences between book and physical stock are investigated, not just noted.
Practical recommendations on storage, issue and receipt, and counting procedures.
As required by a lender for working capital limits, with drawing power and stock statement review.
Covers stock together with receivables ageing and margin requirements.
Management-requested count with reconciliation and shrinkage analysis.
Observation and support for year-end count for the statutory auditor.
Simultaneous or sequential verification across warehouses and stores.
Keep these ready to avoid delays. Send scans or photos over WhatsApp - never share passwords or OTPs.
Plain-English notes. Always verify against the official notification.
| Section / rule / form | What it means |
|---|---|
| Lender's sanction terms and RBI guidelines | Bank stock audit requirements depend on the facility terms and the lender's internal policy. |
| Section 143(1) and CARO 2020 clause (ii) | The statutory auditor reports on physical verification of inventory by management and on discrepancies of 10% or more in aggregate for each class of inventory. |
| AS 2 / Ind AS 2 | Inventories are valued at the lower of cost and net realisable value, with the cost formula disclosed. |
| SA 501 | Auditors obtain evidence on inventory, including attending physical stock counts where appropriate. |
Statutory dates can be extended by notification - check the official portal before relying on them.
| Activity | Due date |
|---|---|
| Bank stock audit | As stipulated by the lender - often half-yearly or yearly |
| Year-end physical verification | Around financial year-end, as decided with the auditor |
Plans from our Accounting Services Pricing list. Government charges and GST are shown separately.
18% GST extra on professional fees
+ 2 more in this plan
18% GST extra on professional fees
+ 2 more in this plan
18% GST extra on professional fees
+ 2 more in this plan
18% GST extra on professional fees
+ 2 more in this plan
| Feature | Bookkeeping & Bank Reconciliation | Financial Statements | Tax Audit (Section 44AB) | Statutory Audit |
|---|---|---|---|---|
| Bookkeeping entries | Up to 300 | |||
| Bank reconciliation | ||||
| P&L and balance sheet | Reviewed | Audited | ||
| Audit report | Tax audit | Statutory | ||
| Depreciation schedule | ||||
| Portal filing of report | Support | |||
| Management letter |
We never mark up government payments.
From ₹7,999 per engagement for a single location with moderate stock. Fees increase with number of SKUs, locations and complexity, and are confirmed after scoping.
No government fee applies. Any fee prescribed by a lender for empanelment is separate and paid at actuals.
Travel, accommodation and temporary counting staff, where needed, are charged at actuals with approval.
What you receive from us.
It depends on your facility and the bank's policy. Banks commonly require one for larger working capital limits; your sanction letter will say.
Often yes, by using cut-off controls and test counts. Heavy movement is handled by choosing quiet hours or doing a staggered count.
The difference is analysed for causes such as unrecorded sales, wastage, theft or errors. We report it with recommended entries, not hide it.
As per your stated policy and accounting standards, generally at the lower of cost and net realisable value, with obsolete and damaged items identified.
Our work may help the statutory auditor, but the auditor must form an independent opinion and may do their own testing.
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