Year-end is when the year's accounting discipline gets graded — by auditors, by the ROC, by tax authorities, and by anyone diligencing the company. We run the full close: finalisation, schedules, audit support, financial statements, and filings. One team, one calendar, no March panic.
Year-end services cover everything between the last transaction of March and the filed financial statements: finalisation of books, closing entries, balance sheet schedules, fixed asset verification, debtor/creditor confirmations, provision computations, deferred tax, financial statement preparation under the applicable framework, audit coordination, and the ROC and tax filings that follow.
Done well, the close is a controlled process with a calendar. Done badly, it's a quarter of firefighting — auditors waiting on schedules, directors signing statements they haven't read, filings rushed at deadlines. The difference is preparation starting in January, not panic starting in March.
Companies whose audit "takes three months" — the duration is usually a symptom of unprepared books, not auditor slowness. Businesses where year-end consumes the finance team entirely, crowding out actual work for a quarter.
Companies facing their first statutory audit, first tax audit, or first diligence — the close gets scrutinised, and scrutiny rewards preparation. And groups where consolidation has to happen across entities before any of it can start.
Starting January: open items cleared, reconciliations completed, confirmations sent, asset verification scheduled. The close begins before the year ends — that's the whole secret.
Closing entries, provision computations (gratuity, leave, warranty, doubtful debts), deferred tax, and a full schedule pack supporting every balance sheet line. The auditor's first request answered before it's asked.
Balance sheet, P&L, cash flow, and notes — drafted under Companies Act Schedule III and the applicable accounting framework, with disclosures complete. Statements the board can actually read and understand.
We run the audit process: PBC lists managed, queries answered, auditor meetings coordinated. The audit finishes on schedule because the inputs were ready — auditors audit faster when they're not waiting.
AOC-4, MGT-7, tax audit report, income-tax return — the filing cascade after sign-off, each on its deadline. The year ends when the filings are done, not when the audit is signed.
Fixed fee per entity, quoted on complexity — a clean single entity is straightforward; groups with consolidation and multiple audits are scoped accordingly. Engaged by January for a March year-end; later starts are possible but the preparation dividend shrinks.
Typical timeline: pre-close January–March, audit April–June, filings July–September. Managed as one calendar, not five emergencies.
Beginning year-end work after the year ends. The confirmations, verifications, and cleanups that needed doing in February now compete with the audit — and lose. January start, always.
Books "finalised" without supporting schedules, then built backwards under auditor pressure. Schedules built during finalisation are reliable; schedules built during audit are creative.
Financial statements approved without the board understanding them. Beyond being poor governance, it's how errors survive into filed documents. We brief the board on what they're signing.
Open items, reconciliations, confirmations, verifications. The groundwork.
Closing entries, provisions, schedules, draft statements.
Managed audit process through sign-off.
ROC, tax audit, ITR — the cascade, on time.
January for a March year-end. Earlier is better; later is still better than never.
Auditors audit — they verify. Preparation (schedules, finalisation, PBC responses) is management's job. We do management's job so the audit is an audit, not a cleanup.
Yes — multi-entity finalisation with consolidation, intercompany eliminations, and uniform policies.
Then engage us in January, not April. The pre-close phase exists to fix exactly this.
We prepare the books and computations; the tax audit itself is done by your tax auditor, coordinated by us.
Fixed, quoted upfront per entity. Year-end shouldn't have billing surprises on top of deadline pressure.
Finalised trial balance, all schedules, fixed asset register, debtors/creditors ageing, and PBC-ready documentation. The auditor should be verifying, not discovering.
Yes — opening balances, prior-year positions, and a clean handover file. Auditor transitions are where documentation discipline pays off.
We draft every response; your team approves. Most queries close in one round when the working papers are proper.
We prepare the restated financials with full documentation of adjustments. Restatements need narrative, not just numbers — lenders and regulators read the why.
Talk to a partner about your situation — no pitch, no obligation. If we're not the right firm for it, we'll tell you that too.
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