Check The Applicability Of Returns And Their Due Date
Well, refer to the date of incorporation of your company and based. On that that you will know what returns are to be filed. If the company is incorporated on or before 31st December 2019, then Both ROC Returns as well ITR is filed. However, for newly incorporated companies after 1st January 2020, only ITR is necessary. Of course, director KYC is applicable in both cases.
Check Validity of Digital Signature of Directors
The ROC return and ITR are filed electronically after its authentication by the digital signature of the directors. Check the validity of the digital signature, and if expired, please take steps to renew the same.
Obtain Complete Bank Statement and Identify Transactions
Bank statements are the basis for accounting. Please obtain the bank statement for the period starting 1st April and ending on 31st March of the financial year. We suggest you mention the details of the party and the nature transaction against each entry of the bank statement. Learn how to maintain bank statement
Reconcile Your Books and Confirm Balance from Parties.
Now accumulate all the invoices raised and bills of expenses. Please note we follow the accrual accounting system, hence include all the invoices or statements even if the same is unpaid. Further, reconcile with GST and TDS Returns. Ask for ledger from significant parties and reconcile the balance as on 31st March for accuracy of financial statement.
Contact Us, We will do rest
Well done, now is the time for your consultants to prepare a financial statement, get the same confirmed from you. Then send the books of account for statutory audit of the financial statement. We will further assist you in holding AGM and do necessary ROC & ITR Filing for your company.