Hire a Fractional Accountant

A dedicated accountant to keep your books accurate, reconcile accounts, and handle statutory filings—GST, Income Tax, and ROC—without hiring full-time staff.

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Book-Keeping for MSME

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Expert Accounting, Flexible Cost

Get dedicated support from an experienced accountant without the overhead of a full-time hire. We combine expert service with a powerful platform.

Dedicated support, flexible cost

Experienced accountant managing your monthly bookkeeping, ledgers, vendor/customer/bank reconciliations, and monthly close—at a fraction of a full-time hire.

Accurate & timely compliance

End-to-end preparation and filing of GST, Income Tax, and ROC forms with due-date tracking and timely reviews to keep filings error-free and on schedule.

Powered by LEDGERS

Automated bank feeds and reconciliations, e-invoice/e-way bill (where applicable), document vault, and audit-ready reports—inside one secure system.

Process Overview

Our Simple 3-Step Process

Step-by-Step Process for Book-Keeping and Compliance with a Fractional Accountant.

Step 1

Assign Your Accountant

You get a named accountant familiar with your industry and a clear kickoff checklist.

Step 2

Step 2: System Setup

Connect bank feeds, import masters & opening balances, map ledgers/tax series, and configure LEDGERS.

Step 3

Monthly Close & Compliance

Bank/vendor/customer reconciliations, MIS, and on-time GST, Income Tax, and ROC filings.

Frequently Asked Questions

How is a Fractional Accountant different from a full-time hire?

You get a named accountant on a monthly plan—clean books, reconciliations, and filings—without full-time hiring overheads. It's expert service on a flexible, scalable basis.

Is LEDGERS HR platform included?

The LEDGERS HR platform is an optional add-on. Please speak to our expert to learn more about bundling this with your accounting plan for seamless payroll and HR management.

Can I add CA oversight or advisory later?

Yes, our service is designed to be scalable. You can easily add Chartered Accountant (CA) advisory or oversight services as your business grows and your compliance needs become more complex.

Will my data remain secure?

Absolutely. We use the secure LEDGERS platform, which features bank-grade encryption and robust security protocols. Your financial data is always kept confidential and secure.

Real Client Stories

Hear from businesses across India who trust our fractional accounting & bookkeeping services

"Our fractional accountant service has made bookkeeping effortless. They keep our accounts precise, updated, and easy to understand. Truly professional and reliable."

Kartik Sharma

Jaipur, Rajasthan

"The team manages our financial records efficiently and provides timely insights. It’s a relief to know our accounts are in expert hands."

Ananya Iyer

Chennai, Tamil Nadu

"Managing finances used to be stressful, but the fractional accountant service has organized everything perfectly. Reports are clear, and decisions are easier now."

Vivek Gupta

Gurugram, Haryana

"Highly professional and meticulous. They handle all our bookkeeping tasks with accuracy and keep us informed regularly. Excellent service for small businesses."

Radhika Menon

Thiruvananthapuram, Kerala

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Bookkeeping is one of the most important parts of running any MSME. It helps business owners keep their financial records clean, organised, and easy to understand. Good bookkeeping supports better decision-making and prevents problems during audits, tax filing, or while applying for loans.

What is Bookkeeping for MSMEs?

Bookkeeping means recording all money-related activities of the business in a proper and systematic way. This includes noting down every sale, purchase, expense, payment, and receipt. For MSMEs, bookkeeping acts like a financial diary that keeps track of where money is coming from and where it is going.

Why is Bookkeeping Important for MSMEs?

1. Helps in Understanding Profit & Loss Proper bookkeeping shows how much the business is earning and spending. MSME owners can easily understand if they are making profit or facing loss.

2. Smooth Tax Filing Well-maintained books make GST filing, income tax filing, and compliance much easier. It avoids penalties and errors.

3. Better Cash Flow Management With accurate records, MSMEs can plan payments, manage credit, and ensure there is enough money to run daily operations.

4. Helps in Getting Loans & Government Benefits Banks and government schemes often ask for financial statements. Clean bookkeeping increases the chances of approval.

5. Avoids Financial Mistakes Up-to-date books help spot incorrect payments, missed bills, or extra expenses that can harm the business.

What Should MSMEs Record in Bookkeeping?

Sales records – daily sales, invoices issued
Purchase records – raw material or product purchase bills
Expenses – rent, electricity, salary, transport, etc.
Payments made – money paid to suppliers
Money received – from customers or clients
Cash and bank details – deposits, withdrawals, transfers
Assets – machinery, furniture, tools, etc.
Debtors & Creditors – who owes you money and whom you need to pay

Bookkeeping Options for MSMEs

1. Manual Bookkeeping Using registers or notebooks. Simple, but time-consuming and risky if books get lost.
2. Spreadsheet Bookkeeping Using Excel or Google Sheets. Better organised, easy to edit, and low-cost.
3. Software / App-based Bookkeeping Using online tools like Vyapar, Zoho Books, Tally, or MyBillBook. Helps automate billing, GST, and reports.

Benefits of Good Bookkeeping for MSMEs

Makes business more organised
Reduces stress during tax season
Helps in future planning and budgeting
Builds trust with investors and banks
Supports business growth by showing clear financial data

Conclusion For any MSME, bookkeeping is not just a formality—it is the foundation of a healthy and growing business. With simple tools and regular recording of transactions, MSMEs can avoid financial problems and make confident business decisions.

Bookkeeping helps keep every financial activity of a business organized. To ensure records are always accurate, businesses follow a proper bookkeeping checklist. Here is a simple checklist that anyone can understand and use:

1. Record Daily Transactions
Make sure every sale, purchase, payment, and receipt is recorded on the same day. This keeps your books clean and updated.
2. Maintain Receipts & Invoices
Keep a copy of all bills, invoices, and receipts. They act as proof of business transactions and help during audits or tax filing.
3. Track Accounts Payable
Check which bills you need to pay, their due dates, and ensure no payment is missed. This helps avoid late fees and maintains good relations with suppliers.
4. Track Accounts Receivable
Monitor the money customers owe you. Send reminders for pending payments and update records once payments are received.
5. Reconcile Bank Statements
Match your business accounts with the bank statement regularly. This helps you catch errors, bank charges, or any unauthorized transactions early.
6. Monitor Cash Flow
Check how much cash is coming in and going out. This helps you understand if the business has enough money for daily operations.
7. Manage Payroll Records
Maintain proper details of employee salaries, bonuses, deductions, and taxes. Ensure all salary payments are recorded correctly.
8. Update Expense Records
Record all business expenses such as rent, utilities, supplies, travel, and more. Categorizing expenses makes tax filing easier.
9. Maintain Asset & Inventory Records
Keep track of business assets like machinery, computers, or furniture. Also monitor inventory to avoid shortages or overstocking.
10. Stay Updated With Bookkeeping Software
If using a digital tool, make sure the data is synced and backed up regularly.
11. Keep Tax Documents Organized
Store GST records, TDS details, and other tax-related documents properly so that you are prepared at the time of filing returns.
12. Prepare Monthly Financial Reports
Create simple reports like:
Profit & Loss statement
Cash Flow report
Balance Sheet
This gives a clear picture of how the business is performing.