Year-End Book Finalisation Service India | Audit-Ready Books | Coordinated through Batchwise

What this is

One-time year-end book finalisation for proprietors, freelancers, partnerships, LLPs, and private limited companies in India. The service closes out a financial year with all standard closing entries, reconciliations, and statement preparation — producing a clean, audit-ready set of books usable for ITR filing, statutory audit, tax audit, ROC filing, bank loan applications, and due diligence.

You share access to your accounting system or upload Tally backups + bank statements; engagement is routed to a vetted partner — typically a Chartered Accountant in practice or experienced bookkeeper — who reviews opening balances, processes any pending transactions, builds closing entries, runs reconciliations, prepares statements in the applicable format, and hands back finalised books with a one-page reconciliation memo. Batchwise itself does not finalise books — every engagement is delivered by a vetted partner who takes professional responsibility for the work product.

When you need this service

• End of financial year (March / April) — when you maintain books in-house during the year but need professional year-end closure before tax filing.
• Pre-tax-audit cleanup — tax audit under Section 44AB (mandatory for businesses above turnover thresholds: ₹1 cr business / ₹50 lakh profession; relaxed where receipts/payments are 95%+ digital — ₹10 cr business). Auditor needs finalised books to begin audit work.
• Pre-statutory-audit cleanup — companies / LLPs / co-operatives required to undergo statutory audit need finalised books before audit.
• Pre-ITR cleanup — for businesses (proprietors, freelancers, partnerships) where the ITR computation depends on finalised P&L + Balance Sheet (ITR-3, ITR-5, ITR-6 require Balance Sheet attachment).
• Pre-loan cleanup — banks routinely ask for last 2–3 years\' finalised / audited financials before sanctioning working capital or term loan.
• Pre-due-diligence cleanup — fundraising, M&A, investor diligence — finalised books are the diligence baseline.
• Mid-year cleanup — businesses that have switched bookkeepers mid-year and need a clean handover. Treated as partial-year finalisation.
• Multi-year catch-up — businesses that haven\'t finalised books for multiple years (often happens with proprietorships and small LLPs); priced as multi-year project.

What\'s included — closing-entry checklist

The vetted partner runs through the standard year-end closing checklist applicable to your entity type. Major items:

Reconciliations

• Bank reconciliation for all bank accounts — full year
• Cash book vs petty cash physical balance reconciliation
• Inter-account reconciliations (debtors, creditors, advances, intra-group balances)
• GST register tie-up: sales register vs GSTR-1 filed; purchase register vs GSTR-2B; ITC claimed vs GSTR-3B
• TDS register tie-up: TDS deducted per books vs Form 26AS; TDS payable vs challans
• Loan account reconciliation with bank statements (sanction letter, EMI schedule, interest charge)
• Investment portfolio reconciliation (broker statements, mutual fund statements)

Closing entries — standard set

• Depreciation — computed under Schedule II of Companies Act 2013 (useful-life method, for financial statements) and Section 32 of Income Tax Act (WDV method, for tax computation). Both schedules prepared.
• Accruals — unbilled expenses (utility bills not yet received but for the period, professional fees due, salary & statutory dues for March, interest accrued on loans, etc.)
• Prepayments — insurance, rent, AMC, software licences paid in advance — amortised to the period
• Provisions — gratuity (per Payment of Gratuity Act 1972 + actuarial valuation if applicable), leave encashment, doubtful debts (per the entity\'s policy), warranty provisions, contingent liabilities (disclosure)
• Inventory adjustments — physical verification, ageing-based valuation, slow-moving / obsolete inventory write-down, closing inventory valuation per AS 2 / Ind AS 2
• Foreign currency adjustments — restatement of foreign-currency monetary items at closing rate per AS 11 / Ind AS 21
• Deferred tax — temporary differences between book and tax bases, computed per AS 22 / Ind AS 12 (where applicable to entity type)
• Income tax provision — current tax computation based on draft taxable income, with MAT computation for companies where applicable
• Inter-period adjustments — prior-period items, prior-year tax adjustments, prior-period rectifications

Ledger scrutiny

• Line-by-line review of major P&L ledgers (sales, purchases, expenses) for misclassifications
• Round-amount entries flagged for review
• Suspense account clearance — all suspense entries resolved before finalisation
• Inter-account JV entries scrutinised for genuineness
• Major variances vs prior year explained

Statement preparation

• Trial Balance — final, post-closing
• Profit & Loss Account — Schedule III format for companies / LLPs in Schedule III applicability; T-format for proprietors / partnerships / non-Schedule-III entities
• Balance Sheet — Schedule III format for companies; T-format for others
• Cash Flow Statement (where applicable — companies above prescribed thresholds, listed entities) per Ind AS 7 / AS 3
• Notes to Accounts — significant accounting policies + supporting schedules + related-party disclosures + contingent liabilities (in Schedule III format for companies)

Reconciliation memo (deliverable)

One-page summary covering: corrections made during finalisation (count + nature), key findings (e.g., depreciation under-charge in prior year, GST liability difference, missed accruals), items flagged for management decision, audit-readiness assessment.

How the engagement works

1. Sign up + select service. Sign in; pick "Book Finalisation".
2. Pay base fee. Razorpay; ₹3,499 (proprietor / freelancer / LLP simple) or ₹5,499 (private limited / LLP with audit applicability / partnership above tax-audit threshold).
3. Share access or upload data. Either grant the partner read-only access to your accounting system (Tally / Zoho / QuickBooks / etc.) OR upload Tally backups + bank statements for all bank accounts + GSTR-1 / GSTR-3B acknowledgments + Form 26AS.
4. Partner assignment. Vetted partner is assigned and contact details surface in your dashboard.
5. Initial review (Days 1–2). Partner reviews opening balances against last year\'s closing books, transaction quality, gaps. If material catch-up work is needed (data entry, opening-balance reconstruction), top-up scope is communicated and your approval taken before proceeding.
6. Reconciliations (Days 2–5). Bank, debtor, creditor, GST, TDS, loan, investment reconciliations completed.
7. Closing entries (Days 5–7). Depreciation (Companies Act + Income Tax), accruals, provisions, inventory adjustments, foreign-currency restatement, deferred tax, income tax provision.
8. Ledger scrutiny + statements (Days 7–9). Final ledger scrutiny pass; trial balance, P&L, Balance Sheet, Notes prepared in applicable format.
9. Reconciliation memo + handover (Day 9–10). One-page memo + finalised books returned in original software format + statements as PDF / Excel + supporting working papers (depreciation schedule, accrual computation, etc.).

Pricing

Engagement	Price (₹)	Coverage
Proprietor / freelancer / simple LLP — 1 financial year	3,499	1 FY, single entity, up to ~600 transactions, T-format statements
Private limited / partnership above 44AB threshold — 1 financial year	5,499	1 FY, single entity, up to ~1,200 transactions, Schedule III format statements
High-volume year (1,200+ transactions)	From 9,499	Quoted after initial volume review
Multi-year catch-up — 2 years bundle	6,499	Both years finalised simultaneously; saves 7% vs separate engagements
Multi-year catch-up — 3 years bundle	9,499	3 years; saves 9% vs separate
Multi-year catch-up — 4+ years	Custom quote	Quoted after scoping
Multi-state GST tie-up surcharge (per additional GSTIN)	+₹1,499	Additional GSTIN reconciliation in finalisation
Data entry catch-up add-on	From 999	Where transactions need entry (not just review)
Opening-balance reconstruction add-on	2,999	Where prior-year closing balances are not available or unreliable

All prices GST-exclusive. Base fee covers reconciliations, closing entries, statement preparation, ledger scrutiny, reconciliation memo, and one round of clarifications. Add-ons quoted upfront after initial review — never surfaced after work is done.

What you get

• Finalised books in your original accounting software (Tally / Zoho / QuickBooks / etc.) — locked period for the closed FY
• Trial Balance — final, post-closing, audit-ready
• Profit & Loss Account in applicable format
• Balance Sheet in applicable format
• Cash Flow Statement (where applicable)
• Notes to Accounts (Schedule III format for companies)
• Bank reconciliation statements for all bank accounts
• Depreciation schedule — both Companies Act + Income Tax
• Reconciliation memo — corrections made, key findings, audit-readiness assessment
• Supporting working papers — accrual computation, provision working, deferred tax computation, GST tie-up working
• Partner contact — direct line for downstream questions (audit, ITR filing, next year\'s engagement)
• Dashboard archive — all deliverables stored for the lifetime of your account

The marketplace model

Batchwise is a coordination platform, not an accounting firm. Every book finalisation engagement is performed by a vetted partner — a Chartered Accountant in practice, experienced bookkeeper, or CA firm associate — under their own professional credentials. The partner takes professional responsibility for the work product.

What Batchwise does: dashboard, secure document workspace, partner assignment, payment processing, status tracking, deliverable storage, methodology consistency.

What the partner does: opening-balance review, reconciliations, closing entries, ledger scrutiny, statement preparation, reconciliation memo, addresses your clarifications, owns the post-engagement relationship for follow-on services (ITR, audit, next year\'s finalisation).

Common findings worth knowing

The patterns most often surfaced during book finalisation — useful to anticipate:

1. Depreciation under-charge / over-charge in prior year — typically because asset register not maintained or useful-life classification was incorrect.
2. Missing accruals for March-period expenses (utilities, salaries, statutory dues, interest) — entries made in April but for the period ending March.
3. GST liability differences — sales register vs GSTR-1 filed not tying up; common reason: invoices booked as sales but later cancelled, with cancellation not reflected in returns.
4. TDS receivable / payable mismatch — TDS in books vs Form 26AS not tying up; typical causes: TDS deductor delayed filing, deduction at wrong rate, deduction under wrong section.
5. Suspense account balances — JV entries unposted, awaiting clarification.
6. Inter-account balances — debtor balances mismatching customer-confirmed balances; creditor mismatches similarly.
7. Inventory ageing — slow-moving / obsolete inventory not written down; year-end physical verification often needed.
8. Foreign-currency restatement missed for foreign-currency monetary items (foreign currency loans, foreign customer receivables).
9. Deferred tax — temporary differences (depreciation differential, provision for doubtful debts, etc.) not computed; impact on PAT.
10. Related-party transaction disclosures incomplete — critical for AS 18 / Ind AS 24 compliance and for the BRSR Openness of Business Core KPI for listed entities.

The reconciliation memo flags all material findings. You decide on corrections; the partner implements.

Related reading

• Year-end finalisation process — full guide (coming soon)
• Depreciation methods under Companies Act + Income Tax (coming soon)
• Monthly closing checklist (coming soon)
• Bank reconciliation best practices (coming soon)
• Bookkeeping & Book Finalisation — broader engagement including ongoing monthly bookkeeping (subscription waitlist) + finalisation as one offering
• ITR filing — typical next step after finalisation
• GSTR-9 annual return filing — uses finalised books as the basis
• ROC compliance — for companies / LLPs; AOC-4 filing depends on audited / finalised financials

Authoritative sources

• Companies Act, 2013 — Schedule II (Useful Lives for depreciation), Schedule III (Format of financial statements)
• Income Tax Act, 1961 — Section 32 (Depreciation), Section 44AB (Tax audit), Section 44AA (Maintenance of books)
• ICAI — Accounting Standards (AS) and Indian Accounting Standards (Ind AS)
• Ind AS 7 — Cash Flow Statements
• ICAI Compendium of Accounting Standards (current edition)

How to start

1. Sign up via Google or magic-link email.
2. From the dashboard service catalog, select Book Finalisation.
3. Pay ₹3,499 (proprietor / freelancer / simple LLP) or ₹5,499 (private limited / partnership above 44AB) via Razorpay.
4. Share read-only accounting software access OR upload Tally backups + bank statements + GSTR / TDS acknowledgments per the dashboard checklist.
5. Partner completes finalisation in 7–10 working days; finalised books and statements returned to your dashboard with reconciliation memo.

Or book a free 15-minute scoping call if you have multi-year catch-up, multi-state GST tie-up, materially incomplete books, or are pre-audit / pre-fundraising and want to discuss the readiness scope.