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India India

Year End Outsource Accounts Finalization Services

Completing the accounts at year-end is frequently the most difficult accounting duty of the year. BI-Outsource simplifies the process by providing dependable, effective, and fully customizable year-end account finalization services. Whether you use Tally, Zoho, QuickBooks, Xero, or another accounting platform, we deliver industry-leading precision with each report.

The year-end time is frequently associated with overworked employees, delayed reports, and missed compliance deadlines in small to medium-sized firms. That is where we step in. Our skilled staff covers everything from ledger inspection to final financial statements, ensuring that your accounts are not only closed, but closed properly.

Our year-end finalization of accounts service includes:

  • Verification of opening balances against the most recent audited financial statement
  • Examining the general ledger
  • Calculation of accruals and prepayments
  • Calculation of depreciation and amortization
  • Process of reconciliation of major accounts payable and receivable
  • Deferred Tax Calculation
  • Reconciliation of tax expenses and tax liability accounts and necessary documentation
  • Using industry-standard ratios as the basis, basic ratio analysis
  • Creating working sheets and supporting schedules for financial statements
  • Financial statement preparation, including trial balance, income statement, balance sheet, and cash flow statement
  • Suggestions for enhancing the organization's accounting

BI-Outsource ensures that its clients' year-end accounting services are completed in the most efficient and timely manner feasible.

Indian requirements we work to

Indian businesses keep books under the Companies Act, 2013 and prepare financial statements under Ind AS or the Accounting Standards that apply to them. We keep your records ready for GST returns, quarterly TDS returns, tax audit where your turnover requires it, and your annual ROC filings.

Common questions

Do you handle GST and TDS entries?

Yes. We record GST and TDS correctly as we post, reconcile them with the GST portal and Form 26AS, and keep your returns ready to file.

Do you work with clients outside India?

Yes. Many of our clients are abroad. Our Kochi team works in your time zone where needed and in your accounting software.

Which software do you use?

We work in Tally, Zoho Books, Xero and QuickBooks. If you already use one, we work in your file.

Guides

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