Checklist of Bookkeeping and Accounting Services

A well-organized bookkeeping and accounting checklist ensures businesses maintain accurate records, comply with regulations, and make informed decisions. Key areas include:

Business Details

• Business Registration Documents (Certificate of Incorporation, GST Registration)
• Tax Identification Number (GSTIN, PAN)
• Contact Details (Business Address, Email, Phone Number)

Financial Information

• Previous Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement)
• Trial Balance from the last accounting period
• General Ledger and Journal Entries for ongoing transactions

Bank Details

• Access to Bank Statements for the required period
• Bank Reconciliation Reports (if available)
• Details of all active bank accounts used for business transactions

Tax Records

• Tax Filing Records (Income Tax, GST, VAT Returns)
• Input Tax and Output Tax Records
• Invoices and Receipts

Invoices and Receipts

• Sales Invoices (Revenue transactions)
• Purchase Invoices (Vendor transactions)
• Receipts for any other business income or payments

Payroll Information

• Employee Details (Names, Designations, Salary Structure)
• Payroll Registers for the current period
• TDS and other statutory compliance records

Inventory Details (if applicable)

• Inventory Management Reports
• Details of purchases and sales affecting inventory levels

Accounting System and Software

• Access Credentials to Current Accounting Software (if any)
• Details of existing Accounting Process (Single-entry/Double-entry)

Business Policies and Agreements

• Payment Terms and Credit Policies for customers and vendors
• Contracts or Agreements with vendors, clients, and stakeholders
• Miscellaneous supporting documents