Financial Preparation
Preparation of financial statements — balance sheet, profit and loss account, cash flow and notes — in the correct format for companies, LLPs, firms and proprietors.
- Timeline5–10 working days depending on data availability.
- Starting at₹1,999 + GST & Govt. fees applicable
- Documents8 items — shared securely online
About Financial Preparation
Financial statements show your business's performance and position. They are needed for income tax, ROC filings, audits, bank loans, investor reporting and tenders.
NewStarts finalises your books, makes year-end adjustments and prepares statements in the correct format: Schedule III for companies, and ICAI formats for LLPs, firms and proprietors. We coordinate with your auditor so filings go smoothly.
What is Financial Preparation?
Financial statement preparation is the compilation of the balance sheet, statement of profit and loss, cash flow statement and notes from a business's books, in the format required by the Companies Act, 2013 (Schedule III), applicable accounting standards and other relevant laws.
100% online, no office visit- Category
- Tax & Accounting
- Authority / portal
- Ministry of Corporate Affairs (Schedule III and accounting standards) and the Institute of Chartered Accountants of India (ICAI) standards; filings with MCA and the Income Tax Department
- Timeline
- 5–10 working days depending on data availability.
- Starting price
- ₹1,999
- Mode
- 100% online — no office visit needed
Who needs Financial Preparation?
Situations where this service is required or strongly recommended.
Private and public companies
Annual accounts for AOC-4 filing.
LLPs
Statement of accounts for Form 8.
Firms and proprietors
Accounts for ITR and loans.
Startups
Accounts for investors and due diligence.
Businesses applying for loans
Banks need provisional or audited statements.
Eligibility
Basic conditions to qualify for Financial Preparation.
Books of accounts
Ledgers and trial balance.
Bank statements
For the full year.
Fixed asset details
Additions, disposals and depreciation.
Stock and receivables
Year-end balances.
Benefits of Financial Preparation
What you gain once it is done right.
Correct format
Statements meet legal presentation rules.
Audit-ready
Faster audits with fewer queries.
Loan approvals
Banks rely on accurate statements.
Investor confidence
Clear reporting for shareholders and investors.
Better decisions
Understand margins, costs and cash flow.
Types of Financial Preparation
Choose the option that matches your situation.
Company financial statements
Schedule III balance sheet, P&L, cash flow and notes.
LLP financial statements
Statement of accounts and solvency for Form 8.
Firm and proprietor accounts
Balance sheet and P&L for tax and loans.
Provisional and projected statements
For bank loans and business plans.
Documents required
Keep these ready. We share an exact checklist for your specific case and collect everything through a secure online link.
Get this checklist on WhatsAppPAN & Business Registration Proof
PAN of the business and its registration proof (GST certificate, incorporation certificate or partnership deed).
Trial Balance / Ledgers
Trial balance or ledger extracts if books already exist in Tally, Zoho Books, Busy or Excel.
Bank Statements (All Accounts)
Statements of every business bank account for the financial year.
Sales & Purchase Invoices
Sales invoices, purchase bills and expense vouchers for the year.
Fixed Asset Details
Purchase dates and cost of assets bought during the year, for depreciation.
Closing Stock Details
Year-end stock quantities and valuation, for trading businesses.
Loan & Capital Details
Loan statements and capital introduced or withdrawn by owners / partners.
Previous Year Financial Statements
Last year's balance sheet and P&L, for opening balances.
Step-by-step process
How NewStarts takes Financial Preparation from first call to final delivery.
- 01
Data collection
Books, bank statements and year-end details.
- 02
Review and adjustments
Accruals, provisions, depreciation and reconciliations.
- 03
Draft statements
Prepared in the applicable format.
- 04
Notes and disclosures
Accounting policies and required disclosures.
- 05
Review with you
Draft shared for review.
- 06
Final statements
Shared for audit and filing.
NewStarts Financial Preparation service
What is included when you engage NewStarts.
Free eligibility check
A specialist reviews your facts and confirms the right route and package for Financial Preparation before you pay anything.
Document checklist & review
You receive an exact checklist and upload through a secure link. We verify every document to avoid rejections.
Drafting & filing
We prepare every form, declaration and annexure for Financial Preparation and file on the correct government portal.
Query & objection handling
Any departmental query or clarification is answered by our team, with corrected filings where needed.
Delivery & hand-over
Certificates and approvals are shared digitally, with a plain-language note on your next compliance steps.
Post-service support
Reminders, renewals and related filings can be handled by the same NewStarts relationship manager.
Transparent pricing
No hidden charges. Choose the package that fits — upgrade anytime.
Basic
₹1,999
+ GST & Govt. fees applicable
For straightforward, single-entity cases
- Complete documentation support
- Application filing
- Email & WhatsApp support
- Standard processing timeline
Premium
₹4,999
+ GST & Govt. fees applicable
End-to-end support with ongoing assistance
- Everything in Basic
- Dedicated relationship manager
- Query & rejection handling
- Priority processing
- Phone support
- Expert consultation call
- Fastest possible turnaround
- 1 year post-service support
- Dedicated account manager
Financial Preparation FAQs
Have questions? We have answers.
Can’t find your answer? Ask the assistant, or speak to our team.
The balance sheet, profit and loss account, cash flow statement and notes.
For most companies yes; OPCs, small companies and dormant companies are exempt.
Schedule III of the Companies Act, 2013.
Yes, for ITR-3, tax audit and bank loans.
Yes, for loans and planning.
5 to 10 working days depending on data availability.
Yes. Document collection, e-signing and filing are completed online, so you do not need to visit any office. Where a physical step is unavoidable, we tell you upfront.
NewStarts professional fees, GST and government fees are shown separately. Government fees are paid at actuals and confirmed with you before filing.
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Ready to start your Financial Preparation?
Book a free consultation and get an exact document checklist and quote for your case.
