Accounting
Monthly Bookkeeping Checklist for Small Businesses in India
By ATTPL Consultancy Marketplace Editorial Team · · 2 min read
A monthly bookkeeping checklist for small businesses in India: recording sales and expenses, bank reconciliation, GST and TDS, payroll and reports.
Why monthly bookkeeping
Keeping books every month — not just at year-end — helps you file GST and TDS correctly, know your real profit and cash, and get loans faster.
Record and organise
- Record all sales invoices and purchase bills
- Record expenses with proper bills
- Keep digital copies organised by month
Reconcile
- Bank and cash reconciliation
- Customer and supplier balances
- Input tax credit as per your books vs the auto-populated statement on the GST portal
Statutory compliance
File GST returns, deposit TDS and file TDS returns, pay PF and ESI where applicable, and process payroll on time. Use a compliance calendar so nothing is missed.
Review
Prepare a simple profit and loss statement, cash flow and receivables ageing every month, and follow up overdue payments.
Get help
ATTPL Consultancy provides bookkeeping and compliance support. Read our GST registration guide and annual ROC compliance calendar. For loans, see ATTPL Finance.
Frequently asked questions
Can I do bookkeeping myself?
Yes, with simple accounting software, though a professional review helps with compliance.
Why reconcile input tax credit?
Credit can be claimed only if it matches supplier filings; mismatches lead to notices.
How long should records be kept?
GST law generally requires records to be kept for several years; check the current period.
