Accounting & Payroll

Financial Statements Preparation

Investor-Grade Financials — Prepared with Precision

✦ Schedule III Compliant ✦ Audit-Ready Statements ✦ Investor & Bank Ready
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What are Financial Statements?

Financial statements are the formal, structured records of a business's financial activities and position — comprising the Profit & Loss Account (Income Statement), Balance Sheet, Statement of Changes in Equity (SOCIE), Cash Flow Statement, and Notes to Accounts. They are required for filing income tax returns, applying for loans, conducting statutory audits, satisfying ROC filings, and attracting investors.

VITTAX prepares GAAP-compliant (Indian GAAP / Ind AS as applicable) financial statements for companies and LLPs AND Guidance note compliant financial statements for partnerships, proprietorships, and trusts. Our team ensures all disclosures are complete, schedules are properly annexed, and the financials truly reflect the economic reality of your business.

For companies, we also prepare financials in the prescribed Schedule III format under the Companies Act, 2013, ready for board adoption and statutory audit. For XBRL filers, we prepare XBRL-tagged financials as required by MCA.

⚠️ Incomplete disclosures or non-compliant formats can result in audit qualifications, ROC rejections, and loan application failures.

Who Needs This?

✔ Companies: Private limited companies needing MCA-compliant Schedule III financials
✔ LLPs: LLPs required to file financial statements with MCA
✔ Loan Seekers: Businesses applying for bank loans, overdraft, or letter of credit
✔ Startups: Startups preparing investor pitch decks or funding rounds
✔ Firms: Partnership firms, proprietorships filing ITR-3/5
✔ Finalization Cases: Entities whose books are maintained informally and need year-end finalization

Our Process

1

Trial Balance Review

Obtain and review the trial balance; identify missing entries, reclassifications needed.

2

Adjustments & Provisions

Pass depreciation, provision for tax, audit adjustments, accruals, and prepayments.

3

Draft Financials

Prepare draft P&L, Balance Sheet, Cash Flow, and Schedules/Notes.

4

Review & Approval

Share with management/auditor for review; incorporate feedback.

5

Final Delivery

Deliver final signed/finalized statements in Word, Excel, and PDF formats.

Documents Required

📊 Accounting Records

• Trial balance as of year-end
• Previous year financial statements
• Fixed asset register with depreciation workings

📋 Supporting Data

• Loan statements, bank statements as at year-end
• Stock/inventory valuation certificate
• Trade debtors / creditors ageing lists
• Audit adjustments from statutory auditor (if applicable)

Pricing

Proprietorship / Partnership

₹2,999 per year

P&L + Balance Sheet + Notes

Ideal for: Sole proprietors, firms, professionals

  • ✓ Trading & P&L account
  • ✓ Balance Sheet with schedules
  • ✓ ITR-3/5 ready format
VITTAX Fee: ₹2,999 per year  |  Govt. Fees: Nil
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POPULAR

Company / LLP

₹5,999 per year

Schedule III Financials + Notes to Accounts

Ideal for: Private limited companies, LLPs

  • ✓ Schedule III P&L & Balance Sheet
  • ✓ Cash Flow Statement
  • ✓ Notes to Accounts
  • ✓ MCA / XBRL ready
VITTAX Fee: ₹5,999 per year (+ based on turnover & complexity)  |  Govt. Fees: Nil
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Enterprise / Holding

₹14,999 per year

Group / Consolidated Financials

Ideal for: Holding companies, group entities, PE-backed companies

  • ✓ Consolidated financials (parent + subsidiaries)
  • ✓ Elimination workings
  • ✓ Segment reporting
  • ✓ Ind AS compliance check
VITTAX Fee: ₹14,999 per year (+ based on no.of organisations involved)  |  Govt. Fees: Nil
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FAQs

Do you prepare financials for the auditor or after audit?

Both. We prepare draft financials for the auditor to audit, and also incorporate post-audit adjustments for final statements.

What if my books have not been maintained properly?

We offer a "reconstruction" service — rebuilding books from available bank statements, invoices, and records before preparing financials.

Can you prepare XBRL-tagged financials for MCA filing?

Yes. Our XBRL team prepares and validates XBRL-tagged financials for companies required to file XBRL with MCA.

Quick Enquiry

Proprietorship / Partnership₹2,999/yr
Company / LLP₹5,999/yr
Enterprise / Holding₹14,999/yr

At a Glance

StandardIndian GAAP
Company FormatSchedule III
XBRL ReadyYes
Govt. FeesNil

⚡ Statements Prepared

P&L Account✔ All Plans
Balance Sheet✔ All Plans
Cash FlowCompany/LLP+
ConsolidatedEnterprise Plan

Get Audit-Ready Financial Statements — Talk to VITTAX Now

Schedule III compliant, investor-ready, XBRL-tagged financials — delivered with precision every year

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