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Year-End Closing and Finalisation Services in Delhi

Reviewed by CA and CS Team, Patron Accounting LLP ICAI and ICSI Registered| 15+ Years Experience| Last Updated: 23 June 2026 Verify Credentials →

Scope: Closing and adjusting entries, accruals, prepayments, depreciation, provisions, ledger scrutiny, schedules

Fees: Starting from INR 14,999/yr (Exl GST and Govt. Charges)

Eligibility: Delhi companies, LLPs, firms, and SaaS or manufacturing units closing books at 31 March

Timeline: 1 to 5 weeks for FY close, based on turnover and audit needs

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Overview What Is It Who Needs It Our Services Process Documents Challenges Fees Timeline Why Patron DIY vs Patron FAQs

Year-End Closing and Finalisation Services in Delhi - Overview

📌 TL;DR - Year-End Closing in Delhi at a Glance

In Delhi, year-end closing is what turns twelve months of entries into a signed 31 March balance sheet. Patron Accounting runs the full sequence: closing and adjusting journals, accrual and prepayment booking, two-base depreciation, provisioning, a ledger-by-ledger review, Schedule III workings, and the dialogue with your auditor until the file is clean. Work opens at INR 14,999/yr. We cover Nehru Place, Connaught Place, Karol Bagh, and the Okhla industrial estate.

Quick Reference	Details for Delhi Businesses
Governing Law	Companies Act 2013 Sections 128 and 129, Schedule III; Income Tax Act Section 44AA; AS and Ind AS
Applicable To	Delhi companies, LLPs, firms, IT-SaaS startups, and manufacturers closing books at 31 March
Starting Price	Starting from INR 14,999/yr (Exl GST and Govt. Charges)
Financial Year	1 April to 31 March; books closed soon after for finalisation and audit
Timeline	1 to 5 weeks for FY close, based on turnover and audit needs
Records Retention	8 years under Companies Act 2013 Section 128(5); 6 years under Rule 6F(5)
Local Authority	RoC Delhi (MCA); GST Commissionerate Delhi

The 31 March deadline lands differently across Delhi. An IT reseller or services firm in Nehru Place has to recognise deferred and accrued revenue and provide for staff incentives before its numbers go out. An SME unit in Okhla has to value closing stock, accrue power and freight, and square its asset register ahead of audit. A trading house in Karol Bagh has to confirm party balances and reclassify the year's advances. One date, one demand: a defensible set of books. See the national Year-End Closing and Finalisation Services for the full scope.

Our Delhi chartered accountants take the close end to end, from the last adjusting journal to reconciling depreciation across the Companies Act and the Income Tax Act and tying out each Schedule III working. If the books also need maintaining through the year, our Accounting Services run in parallel. We update this page every quarter.

What Is Year-End Closing and Finalisation?

Finalisation, the other name for statement preparation, is simply the act of settling the books into a true and fair state as on 31 March: every cut-off journal posted, every adjustment made, and the statutory accounts built from the result.

The detail shifts with the trade. A Nehru Place IT firm recognises subscription and accrued revenue, expenses its cloud prepayments, sets aside incentive provisions, and depreciates its hardware. An Okhla SME unit prices its closing stock, accrues electricity and freight, provides for warranties and gratuity, and reconciles the asset register before a statutory audit. A Karol Bagh trader counts goods, confirms debtor and creditor balances, and clears suspense items.

Sitting beside the journals is a ledger scrutiny: each account is read for wrong heads, open balances, and provisions that were never raised, so nothing slips through at sign-off. To check the underlying entries, see Tally Accounting in Delhi and Zoho Books Accounting in Delhi.

The Language of a Delhi FY Close:

Closing Entries: The journals that sweep income and expense accounts into profit and loss as on 31 March.

Adjusting Entries: Accruals, prepaids, depreciation, and provisions that drop each rupee of income and cost into its correct year.

Ledger Scrutiny: Reading every ledger end to end to surface wrong heads and open items before the books are finalised.

Schedule III Schedules: The backing workings for assets, receivables, payables, borrowings, and provisions that prove the balance sheet.

Audit Liaison: Giving the auditor a clean trial balance and schedules, then posting the adjustments both sides agree.

Delhi FY Close Entries | Schedules | Audit

Who Needs Year-End Closing in Delhi?

If a Delhi entity carries books and reports against the 31 March year-end, a disciplined finalisation has to come before any audit or tax filing. Here is who usually engages us.

Private Limited Companies - Must draw up Schedule III accounts, complete audit, and file AOC-4 and MGT-7 with RoC Delhi under the Companies Act 2013.
IT and Software Firms (Nehru Place) - Need deferred revenue, ESOP, and accrual entries booked for board MIS and investor reporting.
SME Manufacturers (Okhla) - Want closing stock valued and warranty, gratuity, and depreciation provisions settled before statutory audit.
Trading Houses (Karol Bagh) - Need debtor and creditor confirmations and reclassified advances before the books finalise.
LLPs and Partnership Firms - Need partner capital, interest, and remuneration squared off for the year ahead of the ITR.
Audit and Fundraising Cases - Section 44AB entities and businesses approaching lenders or investors both need finalised, schedule-backed numbers.

Our Year-End Closing Services in Delhi

Service	What We Do
Cut-off and Closing Journals	We post every year-end closing and adjusting journal inside Tally, Zoho Books, or QuickBooks, each backed by a short explanatory note.
Accrual and Prepaid Booking	Income earned but unbilled, costs incurred but unpaid, and prepaid amounts are all timed into the correct financial year.
Two-Base Depreciation	Depreciation runs separately on the Companies Act and Income Tax bases, with the asset register reconciled for additions and disposals.
Provisioning and Stock	Doubtful debts, tax, gratuity, and warranty provisions are raised, and Okhla unit stock is valued at cost or net realisable value.
Ledger Review and Workings	Each ledger is read line by line, Schedule III workings drawn, and statutory dues, receivables, and payables reconciled.
Sign-Off and Auditor Handover	We confirm the closing trial balance, finalise the balance sheet and P&L, and take your statutory or tax auditor through the file.

Filing comes next? See Income Tax Return Filing and GST Return Filing across India.

Our Process

How Year-End Closing Works in Delhi: 6-Step Process

A six-stage, CA-led route that carries a Delhi set of books from the 31 March trial balance to a signed, audit-ready file.

Step 1

Pre-Close Review and Scoping

A Patron CA opens the 31 March trial balance, weighs turnover, ledger volume, and the asset register, and checks whether a statutory or 44AB audit is due. You then receive a written list of the statements we need and a fixed-scope fee before any work begins.

Scope DefinedFixed Quote

Scoped01

Step 2

Ledger Scrutiny and Reconciliations

Every ledger is read end to end, all bank accounts, GST 2B, and statutory dues reconciled, and suspense and open items cleared. For Nehru Place IT and reseller clients we tie out billing and gateway revenue first, so the adjustments rest on a clean base.

Ledgers ScrutinisedBanks Reconciled

Scrutinised02

Step 3

Accruals, Prepayments, and Provisions

We raise each accrual, prepaid, and provision the year requires, from doubtful debts and tax to gratuity and warranty. For Okhla SME units, power, freight, and job-work costs are accrued to the right period so reported profit holds firm.

Accruals BookedProvisions Made

Adjusted03

Step 4

Depreciation and Fixed Asset Reconciliation

We run depreciation on both the Companies Act and Income Tax bases, square additions and disposals, and tie the asset register back to the ledger. Closing stock for Okhla units and Karol Bagh trading houses is counted and valued before the file is finalised.

Depreciation ComputedFAR Reconciled

Computed04

Step 5

Schedules and Draft Financials

We build the Schedule III statements with backing workings for assets, receivables, payables, borrowings, and provisions. Once the balance sheet and P&L tie to source, the draft goes to you for a read-through before sign-off.

Schedules PreparedDraft Reviewed

Drafted05

Step 6

Finalisation, Audit Liaison, and Sign-Off

With the closing trial balance verified, a CA signs the accounts off. We then handle your auditor's queries, post the adjustments both sides agree, and hand back the finalised file with a short summary of the key year-end entries.

FinalisedAudit-Ready

Handed Over06

Documents Required for Year-End Closing in Delhi

Trial Balance as at 31 March - From Tally, Zoho Books, or QuickBooks
Bank Statements and Reconciliations - For every account up to year-end
Fixed Asset Register and Invoices - For additions, disposals, and depreciation
Closing Stock Statement - Quantity and valuation for manufacturers and traders
Debtor and Creditor Confirmations - For ageing and provision review
Loan and EMI Schedules - For interest accrual and principal split
TDS and Statutory Dues Records - challans for GST, TDS, PF, and ESI
Prepaid and Accrued Item Details - Insurance, rent, subscriptions, and accrued income
Prior Year Financials - Audited accounts or last ITR to anchor opening balances
Payroll and Provision Data - For bonus, gratuity, and leave encashment provisions

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

Common Year-End Challenges and How Patron Solves Them

Challenge	Patron's Solution
Accruals or provisions get overlooked	A set checklist forces each accrual, prepaid, and provision to be tested against the matching principle, every one backed by its own working.
The two depreciation bases get tangled	We keep the Companies Act and Income Tax computations apart and bridge the gap into a clean deferred-tax number.
Asset register out of step with the ledger	The register is reconciled to the books, additions and disposals captured, and WDV confirmed before the accounts close.
Audit queries land at the deadline	Full Schedule III workings go in early, so the auditor's adjustments are dealt with in a single planned round.

Year-End Closing Fees in Delhi

Fee Component	Amount
Patron Accounting Professional Fees	Starting from INR 14,999/yr (Exl GST and Govt. Charges)
Statutory or Tax Audit Fee	Quoted separately where audit under the Companies Act 2013 or Section 44AB applies
RoC Filing Fees (companies)	MCA filing fees on AOC-4 and MGT-7 charged at actuals (govt charge)
Accounting Software Subscription	Charged separately by Tally, Zoho, or the chosen provider
Closing Stock Valuation Support	Additional for manufacturers needing detailed inventory and BOM costing

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved. Statutory audit and RoC filing fees are separate and depend on entity type and turnover.

Get a fixed-scope year-end quote for your Delhi business

Share your turnover and audit status and we respond within 2 hours.

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How Long Year-End Closing Takes in Delhi

Business Profile	Typical Turnaround
Small firm or LLP, books current	1 to 2 weeks for a clean single-entity close
SaaS or service company, no inventory	2 to 3 weeks including accruals and depreciation
Company under statutory or tax audit	3 to 4 weeks including schedules and audit liaison
Manufacturer with inventory and multiple GSTINs	3 to 5 weeks for Okhla and Mayapuri units with stock and BOM

Speed tracks two things: how up to date the books were on 31 March and how quickly you return confirmations and statements. Nehru Place IT firms with tidy ledgers finish quickest, while Okhla stock-carrying units sit at the longer end.

Why Choose Patron for Year-End Closing in Delhi

CA-Supervised Finalisation

A Chartered Accountant vets every closing journal and signs only once the trial balance verifies, so the file stands firm under audit and assessment.

Schedule III Compliant

Statements and workings follow the Schedule III format of the Companies Act 2013, with depreciation carried on both the company-law and income-tax bases.

Software Agnostic

We close the books in whatever your Delhi office already runs, Tally, Zoho Books, QuickBooks, or Xero, so there is no migration to deal with at year-end.

Smooth Audit Liaison

By giving the auditor ready workings and booking agreed adjustments ourselves, we cut the audit cycle short, with engagements from INR 14,999/yr and no surprises.

Local Delhi Knowledge

We know how RoC Delhi schedules run and how IT in Nehru Place, manufacturing in Okhla, and trading in Karol Bagh book their costs, and Delhi has no profession tax to reconcile.

Continuity Into Next Year

After sign-off we roll the right opening balances forward and keep the monthly books running, so each following year-end lands faster.

DIY Year-End vs Patron Professional Finalisation

Factor	Patron Professional	DIY Year-End
Accruals and provisions	Full year-end checklist, schedule for each	Often missed; profit and tax misstated
Depreciation bases	Companies Act and Income Tax, reconciled	Single base; deferred tax errors
Schedule III schedules	Prepared and tied to source records	Incomplete; auditor rework needed
Audit readiness	Liaison and adjustments included	Extra cleanup billed at audit time
Time and founder focus	Handled end to end by experts	Weeks of founder or staff time lost

For the audit that follows close, see Tax Audit in Delhi and our national Statutory Audit service.

Legal Framework for Year-End Closing in India

Companies Act 2013, Section 128: Every company must keep proper books of account on an accrual basis; for Delhi companies, books are kept at the registered office and filings route through RoC Delhi under the MCA.

Companies Act 2013, Section 129 and Schedule III: Financial statements must give a true and fair view and follow the Schedule III format for the balance sheet and statement of profit and loss.

Schedule II, Companies Act 2013: Depreciation is computed over the useful lives prescribed in Schedule II, separate from depreciation under Section 32 of the Income Tax Act.

Income Tax Act, Section 44AA and Rule 6F: Specified professionals and businesses above the threshold must maintain books; year-end finalisation is the basis for the ITR and any Section 44AB tax audit.

Records Retention: Books must be kept for 8 years under Section 128(5) of the Companies Act and 6 years under Rule 6F(5) of the Income Tax Rules.

Authority reference: Ministry of Corporate Affairs (mca.gov.in).

What does year-end finalisation involve for a Delhi NCR firm?

It means settling your 31 March books to a true and fair position. Patron passes closing and adjusting entries, records accruals, prepayments, depreciation, and provisions, runs a ledger-by-ledger scrutiny, and builds Schedule III schedules. For Nehru Place IT resellers and Okhla SME units we then hand over accounts ready for the RoC Delhi audit and ITR.

What is the fee for closing books in Delhi?

Pricing opens at INR 14,999/yr (Exl GST and Govt. Charges). Where the figure lands depends on your turnover, ledger volume, fixed asset count, and whether a Companies Act or Section 44AB audit follows. A Connaught Place consultancy and a Mayapuri auto-parts dealer each get a fixed quote, agreed in writing, before any close work starts.

By when should a Delhi company shut its FY books?

India's financial year always ends 31 March. The smart move is to close shortly after, leaving room to finalise, audit if required, and file on time. A Delhi private limited then routes AOC-4 and MGT-7 to RoC Delhi after its AGM, while the Section 44AB report and the income tax return carry separate due dates later that year.

Which adjusting entries get booked at year-end?

The usual set covers accrued income and expense, prepaid costs, depreciation on two bases, provisions for bad debts and tax, closing stock valuation, and the reclassification of loans and advances. Patron attaches a working to each entry, so any Delhi auditor or assessing officer can follow a number straight back to its source document.

What is the turnaround for an FY close in Delhi?

A tidy single-entity software firm in Nehru Place often wraps up inside 1 to 2 weeks. An Okhla SME manufacturer carrying inventory, several GSTINs, and a long fixed asset register usually needs 3 to 5 weeks. The pace really comes down to how up-to-date the 31 March books are and how fast you send bank statements and party confirmations.

Which statutory dues are reconciled for a Delhi business?

At close we tie out GST against the GST Commissionerate Delhi records, plus TDS, PF, and ESI. Unlike Maharashtra or Karnataka, Delhi levies no profession tax, so there is no PTRC or PTEC ledger to settle here. We also prepare schedules and respond to your auditor's queries, posting agreed adjustments to shorten the audit cycle.

What schedules back the finalised Delhi accounts?

You receive Schedule III statements supported by workings for fixed assets and depreciation, debtor and creditor ageing, loans and advances, provisions, prepaid and accrued items, and statutory dues. Because each ledger has been scrutinised and reconciled, every line on the balance sheet and profit and loss of a Delhi entity traces cleanly to its records.

Do non-audited Delhi businesses still need a proper close?

Absolutely. Audit or no audit, a sound 31 March close is what lets you file a correct ITR, work out advance tax and MAT, and show a bank in Connaught Place or a lender reliable numbers. Skipping the closing entries and provisions leaves a Karol Bagh trader or an LLP exposed to understated tax and Section 271A penalty risk.

Quick Answers

Cheapest way to handle year-end? Stay current month to month; closing clean books costs far less than rebuilding a whole year once the auditor is waiting.

Two depreciation figures, why? Company law and the Income Tax Act measure it on different bases, so we compute both and reconcile the gap into deferred tax.

Can it be done remotely? In most cases, yes. Delhi closings run online; we visit only when an Okhla unit needs its physical stock verified.

What do I get at the end? A verified trial balance, Schedule III accounts with their workings, and a file ready to pass straight to your auditor.

Close Your Delhi Books with Confidence

Rush the year-end and you inherit missed accruals, depreciation that does not reconcile, and an audit that drifts for weeks. A Nehru Place IT firm, an Okhla SME, or a Karol Bagh trader all get the same from us: a CA who posts every adjustment, builds the Schedule III workings, and returns an audit-ready file from INR 14,999/yr.

Start with the national Year-End Closing and Finalisation Services overview, then keep the books moving with Accounting Services into the next year. Patron Accounting LLP supports 10,000+ businesses at a 4.9 Google rating.

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