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Year-End Closing and Finalisation Services in Pune

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: Pune 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 Pune - Overview

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

Year-end closing in Pune finalises your books for the financial year ending 31 March. Patron Accounting passes closing and adjusting entries, books accruals, prepayments, depreciation, and provisions, scrutinises every ledger, prepares Schedule III schedules, and liaises with your auditor so accounts are audit-ready. Fees start from INR 14,999/yr. Serving Hinjewadi, Magarpatta, Chakan, and the MIDC belts.

Quick Reference	Details for Pune Businesses
Governing Law	Companies Act 2013 Sections 128 and 129, Schedule III; Income Tax Act Section 44AA; AS and Ind AS
Applicable To	Pune 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 Pune (MCA); GST Commissionerate Pune

As 31 March approaches, Pune businesses face the same year-end pressure. A funded SaaS team in Hinjewadi or Magarpatta needs deferred-revenue and ESOP entries booked before its investor accounts close. An auto-component manufacturer in Chakan or the MIDC belts at Bhosari and Talegaon must value closing stock, reconcile job-work, and provide for warranties. A founder simply wants clean numbers for tax and the bank. Year-end closing and finalisation is the structured way to get there. Learn more about our national Year-End Closing and Finalisation Services.

Patron Accounting's Pune CA team passes every closing and adjusting entry, computes depreciation under both the Companies Act and Income Tax Act, scrutinises each ledger, and prepares the schedules your auditor needs under Schedule III. For continuing monthly books before close, see our Accounting Services. This page is reviewed quarterly for accuracy.

What Is Year-End Closing and Finalisation?

Year-end closing, also called financial statement finalisation, is the process of bringing the books to a true and fair position at the close of the financial year on 31 March, by passing all closing and adjusting entries and preparing the statutory financial statements.

For an IT-SaaS firm in Hinjewadi, this means recognising deferred and accrued revenue, booking prepaid SaaS tools, providing for bonuses, and computing depreciation on laptops and servers. For a manufacturer in Chakan or the MIDC industrial belts, it includes valuing closing stock, accruing power and freight, providing for warranties and gratuity, and reconciling the fixed asset register before a statutory audit.

Finalisation pairs closing with ledger scrutiny, which checks every account for misclassifications, unreconciled balances, and missing provisions before sign-off. For software-level review, see Tally Accounting in Pune and Zoho Books Accounting in Pune.

Key Terms for Year-End Closing in Pune:

Closing Entries: Entries that transfer income and expense balances to the profit and loss account at 31 March.

Adjusting Entries: Accruals, prepayments, depreciation, and provisions that match income and expense to the correct year.

Ledger Scrutiny: A line-by-line review of each ledger to catch misclassifications and unreconciled balances before finalisation.

Schedule III Schedules: Supporting schedules for fixed assets, debtors, creditors, loans, and provisions that back the balance sheet.

Audit Liaison: Preparing trial balance and schedules for the auditor and posting agreed audit adjustments.

Pune FY Close Entries | Schedules | Audit

Who Needs Year-End Closing in Pune?

Any Pune business that maintains books and reports for the financial year ending 31 March needs structured year-end closing and finalisation before audit and tax deadlines.

Private Limited Companies - Required to finalise Schedule III accounts, get audited, and file with RoC Pune under the Companies Act 2013.
IT and SaaS Startups (Hinjewadi/Magarpatta) - Need deferred revenue, ESOP, and accrual entries booked for investor and board reporting.
Manufacturers (Chakan/Talegaon/MIDC belts) - Closing stock valuation, depreciation, and warranty or gratuity provisions before statutory audit.
LLPs and Partnership Firms - Partner capital, interest, and remuneration entries finalised for the FY before ITR filing.
Businesses Under Tax Audit - Section 44AB cases needing reconciled books and schedules ahead of the audit report.
Firms Raising Funds or Loans - Lenders and investors expect finalised, schedule-backed financials for the year just ended.

Our Year-End Closing Services in Pune

Service	What We Do
Closing and Adjusting Entries	Pass all year-end closing and adjusting entries in Tally, Zoho Books, or QuickBooks with a supporting note for each.
Accruals and Prepayments	Book accrued expenses and income and recognise prepaid costs so revenue and expense fall in the correct year.
Depreciation and Fixed Assets	Compute depreciation under the Companies Act and Income Tax Act, reconcile the fixed asset register, and split additions and disposals.
Provisions and Closing Stock	Provide for doubtful debts, taxes, gratuity, and warranties, and value closing stock for Chakan manufacturing units.
Ledger Scrutiny and Schedules	Scrutinise every ledger, prepare Schedule III schedules, and reconcile statutory dues, debtors, and creditors.
Finalisation and Audit Liaison	Verify the closing trial balance, finalise the balance sheet and profit and loss, and liaise with your statutory or tax auditor.

Need filings after close? See Income Tax Return Filing and GST Return Filing across India.

Our Process

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

A CA-supervised finalisation methodology for Pune businesses, from pre-close review to audit-ready sign-off.

Step 1

Pre-Close Review and Scoping

Patron's CA reviews the trial balance as at 31 March, turnover, ledger count, and fixed asset register, and confirms whether statutory or tax audit follows. We list the confirmations and statements required and issue a fixed-scope quote before work begins.

Scope DefinedFixed Quote

Scoped01

Step 2

Ledger Scrutiny and Reconciliations

We scrutinise every ledger, reconcile all bank accounts, GST 2B, and statutory dues, and clear suspense and unreconciled balances. For Hinjewadi service firms, revenue and gateway settlements are tied out before adjusting entries begin.

Ledgers ScrutinisedBanks Reconciled

Scrutinised02

Step 3

Accruals, Prepayments, and Provisions

All accrued expenses and income, prepaid costs, and provisions for doubtful debts, taxes, gratuity, and warranties are booked. For Chakan manufacturers, power, freight, and job-work accruals are matched to the year so profit is stated correctly.

Accruals BookedProvisions Made

Adjusted03

Step 4

Depreciation and Fixed Asset Reconciliation

Depreciation is computed under both the Companies Act and the Income Tax Act, additions and disposals are reconciled, and the fixed asset register is tied to the ledger. Closing stock is valued for manufacturing and trading units before finalisation.

Depreciation ComputedFAR Reconciled

Computed04

Step 5

Schedules and Draft Financials

Schedule III financial statements are drafted with supporting schedules for fixed assets, debtors, creditors, loans, and provisions. The balance sheet and profit and loss are tied to source records and shared with you for review before sign-off.

Schedules PreparedDraft Reviewed

Drafted05

Step 6

Finalisation, Audit Liaison, and Sign-Off

The closing trial balance is verified and a CA finalises the accounts. We liaise with your statutory or tax auditor, respond to queries, post agreed audit adjustments, and hand over finalised, audit-ready financials with a summary of key entries.

FinalisedAudit-Ready

Handed Over06

Documents Required for Year-End Closing in Pune

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
Statutory Dues Records - GST, TDS, PF, ESI, and PTRC/PTEC payment proofs
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
Missed accruals and provisions	A standard year-end checklist ensures every accrual, prepayment, and provision is booked under the matching principle, with a schedule for each.
Two-base depreciation confusion	Compute depreciation separately under the Companies Act and Income Tax Act and reconcile the difference for deferred tax.
Unreconciled fixed asset register	Tie the register to the ledger, capture additions and disposals, and confirm WDV before finalisation.
Last-minute audit queries	Prepare full Schedule III schedules upfront and liaise with the auditor so adjustments are posted in one planned pass.

Year-End Closing Fees in Pune

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 Pune business

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

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How Long Year-End Closing Takes in Pune

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 Chakan and MIDC units with stock and BOM

Turnaround depends on how current the books are at 31 March and how quickly confirmations and statements are shared. Hinjewadi SaaS firms with clean ledgers are fastest; manufacturers with stock valuation take longest.

Why Choose Patron for Year-End Closing in Pune

CA-Supervised Finalisation

Every closing and adjusting entry is reviewed by a Chartered Accountant and signed off only after the trial balance verifies, so your accounts stand up to audit and assessment.

Schedule III Compliant

Financial statements and schedules are prepared under Schedule III of the Companies Act 2013 with depreciation under both the Companies Act and Income Tax Act.

Software Agnostic

Books closed directly inside Tally, Zoho Books, QuickBooks, or Xero, whichever your Pune business already runs, with no disruptive switch required.

Smooth Audit Liaison

We prepare the schedules your auditor needs and post agreed adjustments, shortening the audit cycle from INR 14,999/yr with no surprises.

Local Pune Knowledge

Familiar with RoC Pune timelines and the sectors that drive Hinjewadi, Magarpatta, Chakan, and Talegaon, including Maharashtra PTRC and PTEC dues.

Continuity Into Next Year

Once finalised, we carry correct opening balances into the new year and continue monthly bookkeeping, so each close is faster than the last.

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 Pune 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 Pune companies, books are kept at the registered office and filings route through RoC Pune 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 is year-end closing and finalisation for a Pune business?

Year-end closing is the process of passing closing and adjusting entries, booking accruals, prepayments, depreciation, and provisions, scrutinising ledgers, and preparing schedules so the books for the financial year ending 31 March are accurate and audit-ready. Patron Accounting finalises accounts under Schedule III of the Companies Act 2013 for Pune firms.

How much does year-end finalisation cost in Pune?

Patron Accounting charges Starting from INR 14,999/yr (Exl GST and Govt. Charges). The final fee depends on turnover, number of ledgers, fixed asset count, and whether a statutory or tax audit follows. Hinjewadi SaaS firms and Chakan manufacturers receive a fixed-scope quote before the FY close work begins.

When must the financial year be closed in India?

The statutory financial year ends on 31 March. Books are closed soon after so accounts can be finalised, audited where applicable, and returns filed. For Pune companies, the AGM and RoC filings follow the close, while tax audit reports under Section 44AB and ITRs have their own deadlines later in the year.

What adjusting entries are passed during year-end closing?

Typical year-end entries cover accrued expenses and income, prepaid expenses, depreciation under the Companies Act and Income Tax Act, provisions for doubtful debts and taxes, closing stock valuation, and reclassification of advances and loans. Patron passes each with a supporting schedule so a Pune auditor can trace every figure.

How long does year-end closing take in Pune?

A clean single-entity SaaS firm in Hinjewadi is usually finalised in 1 to 2 weeks. A Chakan manufacturer with inventory, multiple GSTINs, and fixed asset registers takes 3 to 5 weeks. Turnaround depends on how current the books are at 31 March and how quickly confirmations and bank statements are shared.

Do you liaise with our statutory auditor during finalisation?

Yes. Patron prepares the trial balance, ledger schedules, fixed asset register, and reconciliations the auditor needs, responds to audit queries, and posts agreed audit adjustments. This audit liaison shortens the audit cycle for Pune companies and reduces back-and-forth between management and the audit team.

Which schedules do you prepare for year-end finalisation?

Patron prepares Schedule III financial statements with supporting schedules for fixed assets and depreciation, debtors and creditors ageing, loans and advances, provisions, prepaid and accrued items, and statutory dues. Each ledger is scrutinised and reconciled so the balance sheet and profit and loss tie to source records for Pune businesses.

Is year-end closing needed if my Pune company is not audited?

Yes. Even without statutory audit, accurate FY close is required to file a correct income tax return, compute advance tax and MAT, and present reliable financials to banks and investors. Proper closing entries and provisions prevent understated tax and Section 271A risk for Pune proprietors, firms, and LLPs.

Quick Answers

Cheapest way to handle year-end? Keep books current monthly so close is fast; a clean finalisation costs far less than reconstructing a year at audit time.

Two depreciation figures, why? The Companies Act and Income Tax Act use different bases; Patron computes both and reconciles the gap for deferred tax.

Can it be done remotely? Yes. Most Pune year-end closings are handled online; on-site review is offered for Chakan and MIDC units with physical stock.

What do I get at the end? A verified trial balance, Schedule III financials with schedules, and books finalised and ready for your auditor.

Close Your Pune Books with Confidence

A rushed year-end leaves missed accruals, wrong depreciation, and audit queries that drag on for weeks. Whether you run a SaaS team in Hinjewadi, a unit in Chakan or the MIDC belts, or a practice in Magarpatta, Patron Accounting's CA-supervised closing service passes every adjusting entry, prepares Schedule III schedules, and hands back audit-ready accounts from INR 14,999/yr.

Explore the national Year-End Closing and Finalisation Services page, then continue with Accounting Services through the next year. Patron Accounting LLP serves 10,000+ businesses with a 4.9 Google rating.

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