Professional financial statement preparation for Mumbai businesses
Accurate financial statements are essential for understanding your business's financial position, completing year-end accounting, supporting tax and compliance work, and providing reliable financial information to management and other stakeholders.
CorporateWalla provides annual financial statement preparation services in Mumbai for startups, SMEs, trading businesses, manufacturers, e-commerce businesses, professional services firms and other businesses that need properly organised year-end financial statements.
CorporateWalla helps businesses organise their accounting records and prepare financial statements based on the underlying books and financial data.
Depending on the engagement, the process can cover:
The exact scope depends on the condition of the books and the reporting requirements of the business.
Financial statements provide a structured view of a business's financial performance and financial position.
Common financial statements include:
Shows income, expenses and resulting profit or loss for a period.
Provides information about assets, liabilities and equity at a particular date.
Where applicable, provides information about cash inflows and outflows during the reporting period.
Additional schedules may be prepared to support balances appearing in the financial statements.
We review the trial balance to identify items requiring attention before financial statements are finalised.
This can include reviewing:
The Profit & Loss statement can be structured to present:
The presentation depends on the nature of the business and applicable reporting requirements.
Balance Sheet preparation may cover:
Where required, we can assist with reconciliation of key accounts before finalisation.
Examples include:
Depending on the engagement, year-end accounting adjustments may include:
Adjustments are based on supporting information and the agreed accounting treatment.
We understand the business model, accounting system and reporting requirements.
Required accounting records and supporting information are collected, including the trial balance, ledgers, bank statements and other relevant schedules.
The accounting records are reviewed to identify balances, classifications or open items requiring attention before finalisation.
Bank, customer, vendor, loan, tax and other relevant control accounts are reconciled within the agreed scope.
Year-end adjustments such as accruals, prepayments, depreciation and provisions are identified based on available information.
Agreed adjustments and closing entries are recorded in the accounting system.
The applicable financial statements and supporting schedules are prepared from the finalised accounting records.
The statements are reviewed for internal consistency and shared with management along with the supporting schedules.
| Package | Starting Price | Suitable For | Typical Scope |
|---|---|---|---|
| Basic | ₹7,999 | Small businesses and early-stage companies | Trial balance review, P&L and Balance Sheet preparation |
| Standard | ₹14,999 | SMEs | Reconciliations, year-end adjustments, statements and supporting schedules |
| Complex | Custom | Manufacturing, multi-entity and high-volume businesses | Detailed review, schedules, consolidation-related work and customised reporting |
Final pricing depends on:
Fees are exclusive of applicable taxes.
The presentation and reporting requirements differ depending on the type of entity.
Companies generally require financial statements prepared in the applicable statutory format, together with the relevant notes and schedules. Statutory audit and ROC filings are separate requirements.
LLPs require annual accounts prepared from their books, with applicable filings depending on turnover and contribution thresholds.
Partnership firms generally require a Profit & Loss account, Balance Sheet and partner capital account information.
Proprietors usually require statements sufficient to support income tax filings and, where applicable, audit requirements.
The applicable reporting format, audit requirement and filing obligations should be confirmed for your specific entity.
Depending on the business, financial statements may be used for:
Different users may require different levels of detail and supporting schedules.
Depending on the engagement, we may request:
The exact list depends on the business and the issues identified during review.
These services are related but serve different purposes.
| Book Finalization | Financial Statement Preparation |
|---|---|
| Reviews and closes the accounting records | Prepares the statements from the closed records |
| Focuses on reconciliation and adjustments | Focuses on presentation and schedules |
| Usually the first step | Usually the following step |
| Ends with finalised books | Ends with the financial statements |
A typical year-end workflow is:
Accounting Records → Reconciliation → Book Finalization → Financial Statements → Applicable Reporting / Compliance
Preparation and audit are separate activities.
CorporateWalla's financial statement preparation service does not constitute a statutory audit, and audit applicability depends on the entity and the applicable requirements.
Financial statements are only as reliable as the accounting records behind them.
CorporateWalla can also support:
Financial statements are prepared within a professional accounting environment.
Work follows a defined sequence of review, reconciliation, adjustment and preparation.
The focus is on resolving accounting differences before the statements are produced.
We can work with businesses using Tally Prime, Zoho Books and other accounting systems.
Fees are based on the complexity, volume and actual scope of work.
Financial statement preparation can be combined with bookkeeping, book finalization and MIS reporting.
CorporateWalla supports businesses across Mumbai and the wider MMR, including areas such as:
The service is delivered remotely and does not require your business to be located in a particular part of Mumbai.
Share your accounting records and financial year, and we can confirm the scope, timeline and fee.
Annual Financial Statement Preparation - From ₹7,999
CorporateWalla's annual financial statement preparation starts from ₹7,999. Final pricing depends on transaction volume, the condition of the books, reconciliation requirements and the reporting format. Fees are exclusive of applicable taxes.
Depending on the engagement, this generally includes a Profit & Loss statement, a Balance Sheet, supporting schedules and, where applicable, cash-flow information.
Timelines depend on the condition of the books and how quickly supporting information is provided. Businesses with reconciled books and complete records are usually faster to finalise.
Yes. Book finalization can be provided as a separate or combined service and usually precedes preparation.
Yes. We can work with trial balance, ledger and other reports available in Tally Prime.
Yes. Zoho Books reports can be used as the basis for preparation.
We can assess the records first. Additional bookkeeping or cleanup may be required before statements can be prepared.
No. Statutory audit is a separate service and its applicability depends on the entity and the applicable requirements.
Yes. The scope can be structured for companies, LLPs, firms and proprietorships based on their reporting requirements.
Yes, where included in the agreed scope. A fixed asset register and depreciation workings are usually required.
Financial statements can be prepared from the accounting records. Any certification, projection or bank-specific format should be discussed separately.
Yes. Records and documents are shared digitally and the work is delivered remotely.
Share your trial balance, accounting software details and financial year, and we can confirm the scope and quotation.
Tell us what you need and a real CA calls you back, with no scripts and no transfers. Call 72783 76654. Mon - Sat, 10:00 AM - 7:00 PM IST.
Reviewed by CA & CS Team - CorporateWalla · Last Updated 16 September 2026 ·
Canonical: https://corporatewalla.com/mumbai/annual-financial-statements
