Preparation of Financial Statements involves the systematic recording, classification, and summarization of financial transactions to present the financial performance and position of a business. Financial statements are prepared in accordance with the Companies Act, 2013 and applicable Accounting Standards. These statements help stakeholders understand profitability, cash flow, and overall financial health of the organization.
For accurate preparation of Financial Statements, businesses must provide accounting records, financial data, and supporting documents to ensure compliance with applicable Accounting Standards and laws.
Ledger, cash book, purchase & sales register, journal entries, and trial balance.
All bank account statements for the relevant financial year.
Filed GST returns and reconciliation statements, if applicable.
Asset register, depreciation details, and purchase invoices.
Loan agreements, interest details, and outstanding liabilities.
Invoices, expense bills, agreements, and other financial records.
đź“Ś Proper documentation ensures accurate financial reporting, smooth audit process, and timely statutory compliance.
