What's Included
Sales, Purchase & Expense Entries
Bank Reconciliation (Monthly)
Cash Book & Petty Cash Maintenance
Journal Entries & Depreciation Schedules
Ledger & Vendor Reconciliation
Trial Balance, P&L & Balance Sheet
Receivables & Payables Tracking
Data Setup, Cleanup & Migration
Month-End & Year-End Closing Support
Why It Matters
Without accurate books, you're flying blind. Delayed or incorrect accounts mean missed tax deductions, incorrect GST filings, and no visibility into cash flow. Byalance keeps your records clean on a monthly cadence so nothing falls through the cracks.
We work with Tally, Zoho Books, QuickBooks, and Excel — whatever your team already uses. No disruption to your workflow.
Who Is This For?
- Retail & trading businesses
- Startups and early-stage companies
- Service providers and consultants
- MSMEs and small manufacturers
- E-commerce sellers
Get Started Today
Book a free consultation. We'll review your current setup and recommend the right plan.
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Accounting & Bookkeeping — Frequently Asked Questions
Bookkeeping is the systematic recording of daily financial transactions — sales, purchases, payments, receipts. Accounting is the broader process of summarising, interpreting, and reporting that data — producing P&L statements, balance sheets, and tax-ready financials. Byalance handles both: clean bookkeeping on a monthly basis and formal accounting reports for compliance and business decisions.
Small businesses should ideally do bookkeeping monthly. Quarterly or annual bookkeeping leads to backlogs, missed GST reconciliations, incorrect TDS filings, and poor cash flow visibility. Byalance works on a monthly cadence — all entries are recorded, bank statements reconciled, and reports shared within the first 10 working days of each month.
Byalance works with Tally Prime, Zoho Books, QuickBooks Online, and Excel-based setups. We adapt to your existing software rather than forcing a change. If you are starting from scratch, we recommend and set up the right tool based on your turnover, GST obligations, and team size — at no extra cost.
Bank reconciliation is the process of matching your accounting records with your bank statement to identify discrepancies — such as unrecorded transactions, bounced cheques, or bank charges. Without monthly reconciliation, your books may show incorrect cash balances leading to wrong GST filings or cash flow mismanagement. Byalance performs bank reconciliation every month as standard.
Byalance prepares the full set of standard financial statements: Profit & Loss Account (Income Statement), Balance Sheet, Cash Flow Statement, Trial Balance, Accounts Receivable Aging, Accounts Payable Aging, and Bank Reconciliation Report. Growth and Pro plan clients also receive monthly MIS (Management Information System) reports for business performance tracking.
Byalance treats client financial data with strict confidentiality. Documents are shared through encrypted channels (WhatsApp or email with password protection), and access is restricted to the assigned accountant. We follow a strict data handling policy — you can review our full Data Handling Policy on the website. We do not share your data with third parties under any circumstances.
Yes. Byalance offers data cleanup and catch-up bookkeeping services for businesses with incomplete, incorrect, or backlogged accounts. We reconstruct entries from bank statements, invoices, and receipts, reconcile the books against filed GST and TDS returns, and bring your accounts up to date.
Yes. Byalance prepares audit-ready schedules, trial balances, fixed asset registers, and ledger reconciliations for your statutory auditor or Tax Auditor, ensuring smooth audit completion without delays.