DKP Global provides complete financial reporting services for Indian businesses — statutory financial statement preparation under Schedule III, Ind AS compliance where applicable, monthly MIS and board reporting, investor-ready reporting for fundraising, XBRL filing with the MCA, and consolidated financial statements for group structures. Our CA and CS certified team, headquartered in Gurugram, turns your bookkeeping data into reporting output that satisfies statutory requirements, boards, and investors — built on top of our accounting and payroll services, or working with your existing books.
Professional assistance with business registration and company incorporation processes.
Expert guidance on selecting the right business structure based on your goals and operational requirements.
Support with obtaining required business licenses, permits, and regulatory approvals.
Accurate preparation and management of legal, financial, and registration documents.
Assistance with tax registrations, compliance setup, and regulatory requirements.
Strategic support for entrepreneurs planning to launch and scale their businesses successfully.
01
02
03
04
05
We support startups, SMEs, entrepreneurs, and growing businesses across various industries with customised bookkeeping solutions tailored to their operational needs.
Every company in India must prepare financial statements in a specific format prescribed under Schedule III of the Companies Act — Balance Sheet, Profit & Loss Statement, Cash Flow Statement (mandatory for non-small companies), and Statement of Changes in Equity where applicable, along with detailed notes to accounts. Getting the format, classification, and disclosure requirements right isn't optional formatting — it's what your statutory auditor signs off on and what gets filed with the Registrar of Companies.
A lot of founders assume this is simply a matter of exporting a report from their accounting software, but Schedule III has specific classification rules — current versus non-current assets and liabilities, required disclosure of related party transactions, contingent liabilities, and specific line-item groupings — that most off-the-shelf accounting software doesn't automatically produce in the exact structure the Companies Act requires. This is precisely where a business with otherwise clean bookkeeping can still end up with financial statements that need meaningful rework before an auditor will sign off, simply because the presentation format wasn't built with Schedule III in mind from the start.
Getting this right the first time, rather than iterating with your auditor over several rounds of corrections, is genuinely one of the more valuable things a dedicated financial reporting function does for a growing company, it directly shortens the audit timeline and reduces the professional fees associated with back-and-forth corrections.
Indian Accounting Standards (Ind AS) — India’s convergence with international IFRS standards — apply to specific classes of companies based on net worth and listing status, rolled out in phases since accounting period 2016-17. If your company crosses the applicable net worth threshold or is listed, Ind AS isn’t optional — it changes how several items are measured and disclosed compared to standard Indian GAAP, including financial instrument valuation, lease accounting, and revenue recognition timing.
The practical shift from standard Indian GAAP to Ind AS is more substantial than most founders expect going in. Revenue recognition under Ind AS 115 requires identifying distinct performance obligations within a contract and recognizing revenue as those obligations are satisfied, which can genuinely change when and how much revenue a business reports compared to a simpler invoice-based recognition approach. Lease accounting under Ind AS 116 brings most operating leases onto the balance sheet as a right-of-use asset with a corresponding liability — a company with several leased offices or equipment can see a meaningfully different balance sheet shape purely from this one standard, even though the underlying business hasn’t changed at all.
Once a company becomes Ind AS-applicable, it generally stays applicable going forward, even if it later falls below the threshold that originally triggered the requirement — this ‘once in, always in’ principle is worth understanding before a company approaches the threshold, since it isn’t a year-by-year on/off switch. Companies anticipating they’ll cross the applicable net worth threshold within the next reporting cycle benefit from proactively reviewing their accounting policies and system readiness well before the requirement becomes mandatory, rather than scrambling for a first-time Ind AS transition under audit deadline pressure.
Confirm current Ind AS applicability net worth thresholds and phase classifications against the latest MCA notification before publishing — these were rolled out in phases and specific thresholds should be verified for the current reporting period.
Statutory financial statements are prepared annually — but running a business well requires a tighter feedback loop. Monthly Management Information System (MIS) reports give founders and boards a current, decision-useful view: revenue and expense trends, budget vs actual variance, cash position, key operational metrics tied to financial performance. For companies with a formal board, structured board decks summarizing financial performance each quarter (or more frequently) are what keeps board meetings substantive rather than a rehash of numbers everyone’s already half-seen.
The gap between what founders actually need to run the business and what statutory reporting provides is genuinely significant — an annual Balance Sheet and P&L, finalized months after the year has closed, tells you almost nothing useful about a decision you need to make this week. A well-built monthly MIS closes that gap, translating raw bookkeeping data into the specific metrics that matter for the business’s stage: burn rate and runway for an early-stage startup, contribution margin by product line for a growing D2C business, or receivables aging and cash conversion cycle for a services business managing working capital tightly.
For board reporting specifically, the discipline of preparing a consistent quarterly financial package — even for a two-person board of a small company — tends to surface issues earlier than they’d otherwise be caught. A board deck that clearly shows a widening gap between budgeted and actual expenses, or a slowing collection cycle, prompts a conversation in that quarter rather than becoming a year-end surprise when the annual statements are finally prepared.
Investors evaluating a funding round expect a specific standard of financial reporting — clean historicals, clear unit economics, and projections that hold up to scrutiny. Founders who wait until diligence has started to get their reporting in order routinely lose weeks of momentum mid-raise. Getting investor-ready reporting built proactively — before a term sheet, not after — is one of the more overlooked ways financial reporting quality directly affects fundraising outcomes and timelines.
What investors are actually looking for during diligence goes beyond just ‘are the numbers correct’ — they want to see consistency between what’s been represented in pitch conversations and what the financial statements actually show, a clear breakdown of revenue by cohort or customer segment where relevant, and expense categorization detailed enough to genuinely understand the business’s cost structure rather than a handful of broad, uninformative categories. A cap table that reconciles cleanly with the financial statements’ equity section matters too, and is a surprisingly common source of diligence delays when it hasn’t been actively maintained alongside the books.
The founders who move fastest through diligence are consistently the ones who treat investor-ready reporting as an ongoing discipline rather than a pre-raise scramble — maintaining monthly MIS reports throughout the year (as covered in Section 3) means that when a fundraising conversation does start, most of what an investor asks for already exists in a defensible, consistent format, rather than needing to be reconstructed under time pressure with a term sheet clock running.
XBRL (eXtensible Business Reporting Language) filing is mandatory for listed companies and their subsidiaries, and for unlisted companies crossing specific paid-up capital or turnover thresholds, or preparing financials under Ind AS. Financial statements must be tagged to MCA’s prescribed taxonomy and filed via Form AOC-4 XBRL within 30 days of the AGM.
XBRL Trigger | Threshold |
|---|---|
Listed companies | All listed companies and their Indian subsidiaries — mandatory |
Paid-up capital | ₹5 crore or more |
Turnover | ₹100 crore or more |
Ind AS preparers | Companies required to prepare financials under Ind AS |
XBRL applicability thresholds and taxonomy version against the latest MCA notification before publishing — these are periodically revised and vary by financial year.
Missing XBRL filing when applicable attracts a penalty of ₹100 per day with no upper limit — the same uncapped structure that applies to standard AOC-4 late filing, making early preparation genuinely worthwhile rather than a last-week scramble.
If your business has subsidiaries, associates, or joint ventures, consolidated financial statements combining the group’s financial position are generally required alongside standalone statements — a materially more complex exercise involving elimination of intercompany transactions, minority interest computation, and consistent accounting policy application across entities. This is an area where errors compound quickly if the underlying subsidiary-level books aren’t clean to begin with, reinforcing why reporting quality depends on the accounting foundation beneath it.
What We Offer | What This Means For You |
|---|---|
CA & CS certified team with Gurugram HQ | Statutory and management reporting handled by qualified professionals, not template-fillers |
Founder-led — Dinesh Pahuja, CS, M.Com | Senior oversight on statutory filings and disclosure accuracy |
Integrated with our accounting & payroll services | Reporting built on clean, reconciled books — not reworked from messy source data |
Current on Ind AS and XBRL taxonomy updates | No lag between MCA notification changes and your compliance |
India + Canada + USA expertise | Relevant for group structures with cross-border subsidiaries or investors |
Transparent fixed-fee pricing | Clear scope for statutory vs management reporting work — no ambiguity on deliverables |
DKP Global prepares statutory financial statements, manages Ind AS and XBRL compliance, and builds monthly MIS and investor-ready reporting — for businesses across India. Our CA & CS certified team keeps your reporting accurate, current, and audit-ready.
📅 Book Free 30-Min Consultation | 📞 +91-9990424342 | 📧 info@dkpglobal.org | 💬 WhatsApp
A Balance Sheet, Profit & Loss Statement, Cash Flow Statement (for non-small companies), and Statement of Changes in Equity where applicable, all in Schedule III format, with comprehensive notes to accounts.
Companies meeting specific net worth thresholds and listed companies, rolled out in phases since 2016-17. (Confirm current phase-wise thresholds against the latest MCA notification before publishing.)
Management Information System reporting provides a current, decision-useful monthly view of financial performance — revenue trends, budget vs actual, cash position — distinct from and more frequent than annual statutory statements, supporting active business decision-making.
For listed companies and their subsidiaries, companies with paid-up capital of ₹5 crore or more, turnover of ₹100 crore or more, or companies required to prepare financials under Ind AS. (Confirm current thresholds before publishing.)
Within 30 days of the company's Annual General Meeting, via Form AOC-4 XBRL, with a penalty of ₹100 per day (no upper limit) for late filing.
It's strongly advisable, investors expect clean historicals and credible projections during diligence, and building this reporting proactively, before a term sheet, avoids losing momentum mid-raise scrambling to produce it under pressure.
Financial statements combining a parent company with its subsidiaries, associates, and joint ventures into a single group view — generally required alongside standalone statements for companies with such group structures.
Bookkeeping is the ongoing recording of transactions. Financial reporting is the output layer — structured statutory statements, management reports, and investor communications built from that bookkeeping data, following specific formats and disclosure requirements.
