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Pranay Bhansali & Co.Chartered Accountants

Financial Foundations

Accounting, Tax and GST Compliance in Bengaluru

Financial Foundations covers the recurring accounting, taxation and reporting work a business requires to meet statutory obligations and maintain usable financial records.

Work performed

Accounting and bookkeeping
Maintenance and organisation of accounting records for financial reporting, audit documentation and tax filings.
Preparation of financial statements
Financial statements are prepared in accordance with the applicable financial reporting framework.
Direct tax and GST compliance
Preparation of registration applications, tax returns and reconciliations for applicable statutory filing obligations.
Periodic management information
Periodic reports summarise financial performance for owners and management.

Common questions

What does accounting and bookkeeping work include?

Recording transactions, maintaining ledgers, reconciling bank and party balances and organising records so that financial statements, audits and tax filings can be prepared from them.

Which GST work is covered?

GST registration applications, periodic return filings, and reconciliation of returns with books of account and input tax credit records.

Is direct tax work included?

Yes. Preparation and filing of income tax returns, related computations and reconciliations, and advisory on direct tax matters arising from the business.

What is periodic management reporting?

Monthly or quarterly reports summarising revenue, costs, margins and cash position for owners and management, prepared from the books of account.

How is the scope of an engagement decided?

Scope, deliverables and timelines are agreed with each client in writing before work begins.

Pranay Bhansali & Co., Chartered Accountants, Bengaluru. Enquiries: contact@pbhansali.com. Last reviewed: October 2026.

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