Insights · Topic
Accounting notes
Books of account, the monthly close, and the records the law requires a company to keep.
Books of account a company must keep, and for how long
Section 128 of the Companies Act, 2013 explained: which books a company keeps, where, for how long, and the rules for electronic records and audit trail.
The month-end close checklist
A working checklist for closing the books each month: cut-off, reconciliations, accruals, statutory entries, and review before management reports go out.
Opening the books for FY 2026-27: a start-of-year checklist
What to settle in the first weeks of a new financial year: opening balances, the two Income-tax Acts, GST series, withholding masters, advance tax, audit trail.