1. Close the accounting records
- Record all sales, purchases, receipts and payments.
- Post bank charges, payment-gateway settlements and cash transactions.
- Reconcile every bank and payment account.
- Review customer and supplier ageing.
- Attach invoices and supporting documents to material entries.
2. Complete the GST review
Reconcile outward supplies to invoicing records and review purchase data for eligible input tax credit. Check debit notes, credit notes, reverse-charge items and place-of-supply classification before filing.
3. Review TDS and payroll
- Classify vendor payments for TDS review.
- Reconcile tax deducted, deposited and reported.
- Complete payroll, leave, reimbursement and deduction checks.
- Review PF, ESI, professional tax or other employment obligations where applicable.
- Secure payroll reports and restrict access to sensitive employee data.
4. Capture company and licence events
Monthly filings are only part of compliance. Record director, partner, address, capital, agreement, licence and beneficial-ownership changes so event-based filings are not missed.
5. Review the business, not only the returns
| Review | Action |
|---|---|
| Cash runway | Plan upcoming payments |
| Receivables | Assign collection follow-ups |
| Gross margin | Investigate major changes |
| Tax balances | Reserve funds before due dates |
| Compliance tracker | Assign owner and evidence |
Build a controlled compliance calendar
- List every registration and filing obligation.
- Assign a preparer and reviewer.
- Set internal cut-offs before statutory dates.
- Store proof of filing and payment.
- Escalate missing data early.
- Review the calendar when the business enters a new state, hires staff or adds a licence.
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