About Our Accounting Services
We, at IP Singh and Associates, offer a full range of accounting and bookkeeping services. Sole proprietorships, Partnership Firms, companies, small businesses, mid & large size businesses all have different accounting and bookkeeping needs. To cater to this varied requirement, we offer tailor-made accounting systems that are customised to your industry, size, and reporting requirements.
Our qualified accountants leverage leading accounting software — including Tally Prime and Zoho Books — to maintain accurate, real-time financial records, so you always have a clear picture of your business's financial health.
Why Outsource Your Accounting to Us?
- Cost savings compared to in-house accountants
- Error-free bookkeeping by qualified accounting professionals
- Real-time access to your books via cloud accounting software
- Timely MIS reports for better business decision-making
- Seamless integration with your GST and income tax filings
Our Accounting Services
- Setting up of accounting system for new businesses (chart of accounts, ledger structure, opening balances)
- Journal entry creation and master ledger management
- Day-to-day bookkeeping — recording of all sales, purchases, receipts, and payments
- Bank reconciliation — monthly matching of bank statements with books
- Monthly MIS (Management Information System) reports — P&L, cash flow, and balance sheet summaries
- Payroll processing — salary computation, TDS deduction, payslip generation
- Financial statement preparation — Profit & Loss Account and Balance Sheet
- Accounts payable and receivable management
- Fixed asset register maintenance and depreciation calculation
- Tally Prime / Zoho Books accounting and data migration
- Year-end finalization of accounts for audit and tax filing
Who We Serve
Business Types We Cater To
- Sole Proprietorships: Simple, cost-effective bookkeeping with income tax-ready accounts
- Partnership Firms: Partner-wise capital accounts, drawings, and profit sharing statements
- Private Limited Companies: Full statutory accounting compliant with Companies Act and IndAS/Schedule III
- SMEs and Startups: Scalable accounting systems that grow with your business
- NGOs and Trusts: Receipts & Payments and Income & Expenditure accounts
Our Process
01
System Setup
We understand your business and design a customised accounting system — chart of accounts, opening balances, accounting software setup, and process workflows.
02
Daily Bookkeeping
We record all financial transactions daily or weekly — sales invoices, purchase bills, expenses, bank transactions — ensuring your books are always up to date.
03
Monthly Reports
We deliver monthly MIS reports, bank reconciliation statements, and financial summaries, giving you actionable insights into your business performance.