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Preparation of Financial Statements

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.

What Does It Include?
  • Preparation of Balance Sheet
  • Profit & Loss Account
  • Cash Flow Statement
  • Statement of Changes in Equity
  • Notes to Accounts
Who Needs Financial Statements?
  • Private Limited & Public Companies
  • LLPs and Partnership Firms
  • Startups and MSMEs
  • NGOs and Section 8 Companies
  • Businesses seeking loans or investment
Benefits of Professional Preparation
  • Accurate and compliant financial reporting
  • Better decision-making support
  • Improved investor and lender confidence
  • Smooth statutory and tax audit process
  • Timely regulatory compliance
Preparation of Financial Statements
Financial Reporting Services

Documents Required for Preparation of Financial Statements

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.

Books of Accounts

Ledger, cash book, purchase & sales register, journal entries, and trial balance.

Bank Statements

All bank account statements for the relevant financial year.

GST Returns

Filed GST returns and reconciliation statements, if applicable.

Fixed Asset Details

Asset register, depreciation details, and purchase invoices.

Loan & Liability Details

Loan agreements, interest details, and outstanding liabilities.

Supporting Documents

Invoices, expense bills, agreements, and other financial records.

📌 Proper documentation ensures accurate financial reporting, smooth audit process, and timely statutory compliance.

Prices

Preparation of Financial Statements

Get expert assistance in preparing accurate financial statements for your business, ensuring compliance with accounting standards and regulatory requirements

₹ 4,999

  • ✔ Bookkeeping & Ledger Preparation
  • ✔ Balance Sheet & P&L Statement
  • ✔ Accounting Compliance Review
  • ✔ Financial Analysis & Reporting
  • ✔ Professional Consultation & Guidance
Consultation - ₹499
Basic Financial Statement Preparation - ₹4,999
Smart Plan (Fast Track + Support) - ₹5,999
Mega Plan (Full Assistance + Audit Support) - ₹7,499
Total: ₹ 0

Frequently Ask Questions (FAQ)

Preparation of Financial Statements – FAQs

Financial Statements are formal records of a business’s financial activities, including the Balance Sheet, Profit & Loss Account, Cash Flow Statement, and Notes to Accounts.

All companies registered under the Companies Act, 2013, LLPs, and certain other business entities are required to prepare financial statements annually.

Books of accounts, bank statements, GST returns, fixed asset details, loan statements, invoices, and other supporting financial records are required for accurate preparation.

Yes, financial statements are mandatory for statutory audit, tax audit, loan applications, and investor reporting purposes.

Professional preparation ensures compliance with accounting standards, accurate reporting, smooth audits, better financial insights, and timely regulatory filing.