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Accounting & Bookkeeping

What we offer

Teotia & Co. offers reliable accounting and bookkeeping services to ensure accurate financial records and regulatory compliance. Our services include day-to-day bookkeeping, ledger maintenance, financial statements, MIS reporting, and accounts finalisation. We help businesses maintain financial discipline, improve visibility into performance, and meet statutory requirements efficiently.

Day-to-day Accounting & Bookkeeping

Day-to-day accounting and bookkeeping ensure systematic recording of all business transactions on a real-time basis. Our services include recording sales, purchases, expenses, receipts, and payments using structured accounting systems. Accurate daily bookkeeping helps businesses maintain financial discipline, track cash flows, and ensure statutory preparedness. By maintaining updated accounts, businesses can avoid year-end compliance stress, identify irregularities early, and support informed decision-making. Our accounting practices are aligned with applicable accounting standards, tax laws, and regulatory requirements, enabling businesses to operate with financial clarity and compliance.

2

Maintenance of Books of Accounts

Maintenance of books of accounts is a statutory requirement under applicable corporate and tax laws. We assist businesses in maintaining proper books, including cash books, bank books, journals, ledgers, and subsidiary records. Our services ensure completeness, accuracy, and consistency of financial records. Properly maintained books support audits, regulatory filings, tax assessments, and due diligence exercises. By ensuring books are updated and compliant, we help businesses reduce compliance risks, enhance transparency, and strengthen financial credibility with stakeholders, regulators, and lenders.

3

Ledger Posting & Journal Entries

Ledger posting and journal entries form the foundation of accurate accounting. We handle precise journal entries for routine, adjustment, and closing transactions, followed by systematic ledger posting. Our services ensure correct classification of income, expenses, assets, and liabilities. Accurate ledger maintenance supports preparation of financial statements, reconciliations, and audits. Proper journal and ledger management helps businesses maintain clean accounts, identify discrepancies early, and ensure consistency with accounting standards and statutory requirements.

4

Bank & Cash Reconciliation

Bank and cash reconciliation ensures that accounting records accurately reflect actual bank balances and cash movements. We reconcile bank statements with books of accounts, identify timing differences, errors, or unauthorized transactions, and ensure corrective action. Regular reconciliation improves financial accuracy, prevents fraud, and supports sound cash management. Our reconciliation services help businesses maintain control over funds, ensure audit readiness, and comply with statutory and internal reporting requirements.

5

Accounts Payable & Receivable Management

Accounts payable and receivable management is critical for maintaining healthy cash flows. We assist businesses in tracking outstanding payables and receivables, ageing analysis, invoice management, and reconciliation. Proper management ensures timely collections, controlled payments, and avoidance of interest or disputes. Our services help businesses improve liquidity, strengthen vendor and customer relationships, and maintain accurate financial records aligned with accounting and tax compliance.

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Payroll Accounting Support

Payroll accounting involves accurate recording of employee salaries, statutory deductions, and employer liabilities. We provide payroll accounting support to ensure correct salary accounting, compliance with applicable labor and tax laws, and proper recording in books of accounts. Our services help businesses avoid compliance lapses, calculation errors, and discrepancies during audits. Proper payroll accounting ensures transparency, employee trust, and statutory compliance.

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GST Accounting & Reconciliation

GST accounting and reconciliation ensure alignment between books of accounts and GST returns filed. We assist in recording GST transactions, reconciling outward and inward supplies, and matching input tax credits with portal data. Regular GST reconciliation helps identify mismatches, ineligible credits, and reporting errors. Our services support accurate GST return filing, reduce exposure to notices, and ensure consistent indirect tax compliance.

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Preparation of Trial Balance

Preparation of a trial balance is a key step in verifying the accuracy of books of accounts. We prepare detailed trial balances by reconciling ledger balances and correcting errors. A properly prepared trial balance supports preparation of financial statements, audits, and compliance filings. Our services help businesses ensure accounting accuracy, identify discrepancies early, and maintain statutory readiness.

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Monthly / Quarterly Financial Statements

We prepare monthly and quarterly financial statements to help businesses monitor performance and financial position. These statements include profit and loss accounts, balance sheets, and cash flow summaries. Periodic financial reporting helps management evaluate business trends, control costs, and make informed decisions. Our financial statements are aligned with accounting standards and statutory expectations, ensuring accuracy and reliability.

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MIS & Management Reports

MIS and management reports provide actionable financial insights beyond statutory reporting. We prepare customised reports covering profitability, expense analysis, cash flows, and key financial indicators. Accurate MIS supports strategic planning, budgeting, and performance monitoring. Our reports are tailored to management needs and assist in informed decision-making and operational efficiency.

11

Year-end Accounting & Finalisation Support

Year-end accounting ensures accurate closure of books and readiness for audits and filings. We assist in adjustments, reconciliations, provisioning, depreciation, and finalisation of accounts. Our services ensure compliance with accounting standards and statutory requirements. Proper year-end finalisation reduces audit issues and ensures smooth regulatory compliance.

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Compliance-aligned Record Maintenance

Compliance-aligned record maintenance ensures that financial records are maintained in accordance with legal and regulatory requirements. We structure record-keeping systems to support audits, assessments, and inspections. Proper documentation enhances transparency, regulatory acceptance, and long-term compliance readiness. Our services help businesses maintain organised, retrievable, and compliant financial records.

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