What is Backlog Accounting?
Backlog accounting refers to the process of recording, reconciling, and finalising financial transactions that were not entered into the books on time. This can happen due to staff turnover, rapid business growth, or simply a lack of dedicated accounting resources.
Under the Companies Act 2013, maintaining proper books of accounts is mandatory. Unrecorded transactions can lead to incorrect tax filings, GST mismatches, and regulatory penalties. We clear the backlog systematically and restore your books to a fully compliant state.
Our Process
- Review of all available source documents — invoices, bank statements, receipts
- Chronological entry of all pending transactions
- Bank reconciliation for all periods
- GST reconciliation and identification of missed ITC
- TDS computation and reconciliation
- Preparation of period-wise financial statements
Reports We Deliver
Balance Sheet for each period
Profit & Loss Statement
Cash Flow Statement
Accounts Receivable & Payable Aging
Variance Analysis
GST reconciliation report