Financial Statements
Your Compliance Partner
Balance Sheets and P&L for audits. Accurate financial reporting is the cornerstone of business credibility and strategic growth.
Statutory Overview
Preparation of Balance Sheets, Profit & Loss accounts, and Cash Flow statements as per AS/Ind-AS.
These statements are crucial for bank loan applications, investor pitches, and mandatory ROC filings.
We ensure your financials present a true and fair view of your business while optimizing for legal tax benefits.
Professional financial statements act as your business's medical report, highlighting strengths and identifying risks. In today's complex regulatory environment, having error-free and audit-ready reports is a competitive advantage that empowers stakeholders and safeguards corporate integrity.
Eligibility & Applicability
Official Mandate Under Law
Preparation of Financial Statements is a legal mandate for all Companies (Pvt Ltd, Public, OPC) and Limited Liability Partnerships (LLPs). It is also highly recommended for Partnership firms and Proprietorships that require bank funding, intend to raise private equity, or need to comply with statutory audit requirements under the Income Tax Act.
Documentation Checklist
Core Accounting Data
- ✓Final Trial Balance
- ✓General Ledger for the full Financial Year
- ✓Cash Book and Petty Cash registers
- ✓Bank Reconciliation Statements (BRS)
Supporting Records
- ✓Bank Statements for all accounts
- ✓Fixed Asset Register with depreciation details
- ✓Closing Stock valuation sheet
- ✓List of Sundry Debtors and Creditors
Compliance & Liability Data
- ✓GST Return summaries (GSTR-3B & GSTR-1)
- ✓TDS return data and challans
- ✓Loan Sanction letters and interest certificates
- ✓Previous Year's Audited Financial Statements
Our Execution Roadmap
Data Collection & Vetting
Structured gathering of trial balances, bank extracts, and primary accounting records for initial review.
Reconciliation & Scrubbing
Deep matching of internal ledgers with bank statements and tax portal data to resolve discrepancies.
Provisions & Adjustments
Calculating and recording mandatory year-end adjustments like depreciation, prepaid expenses, and outstanding liabilities.
Drafting of Statements
Preparation of the Balance Sheet, Profit & Loss account, and Cash Flow statement as per applicable Accounting Standards.
Quality Review
Technical vetting by senior consultants to ensure zero errors and full alignment with statutory reporting frameworks.
Finalization & Delivery
Issuing the final set of financial statements ready for statutory audit, ROC filing, or bank submission.
The Katta Advantage
We provide actionable intelligence, not just document processing.
Why Choose Compliance Katta
Uncompromising Accuracy
Identifying data vetting errors others overlook.
Process-Driven Approach
Eliminating guesswork with structured roadmaps.
Proactive Risk Shield
Identifying statutory gaps before they manifest.
Seamless Coordination
Working as an extension of your existing staff.
End-to-End Handling
Taking full ownership of your legal obligations.