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Auditing & Balance Sheet Preparation in Mumbai – A Trusted Financial Support for Your Business

Mumbai, India’s commercial hub, is home to countless businesses, startups, SMEs, and corporates. To operate efficiently and meet legal compliance, businesses must maintain transparent financial records, undergo regular audits, and prepare balance sheets accurately.
That’s where My Legal Route steps in. We provide professional auditing and balance sheet preparation services in Mumbai to ensure your finances are clear, compliant, and ready for any regulatory or stakeholder scrutiny.
Mumbai India’s commercial hub
Background

What is Financial Auditing?

Financial auditing is the process of examining a company’s financial statements, records, and practices to verify their accuracy and compliance with statutory norms. Audits not only detect discrepancies but also enhance investor trust and improve internal processes.

Types of Audits We Handle

  • Statutory Audit: Mandatory for companies as per the Companies Act.
  • Tax Audit: Required under Section 44AB of the Income Tax Act.
  • Internal Audit: To assess internal controls, operations, and risk management.
  • Management Audit: Evaluates the efficiency of managerial practices.
  • Stock & Inventory Audit: Verifies inventory valuation and physical stock.
What is Financial Auditing
What is Balance Sheet Preparation
Background

What is Balance Sheet Preparation?

A balance sheet is a vital financial statement that shows a company’s assets, liabilities, and equity at a specific point in time. It reflects the financial health and stability of a business.
Accurate balance sheets help:
  • Assess solvency and liquidity.
  • Make strategic financial decisions.
  • Apply for loans or funding.
  • Ensure compliance with tax laws and corporate regulations.
Our team at My Legal Route helps prepare precise, audit-ready balance sheets that align with Indian accounting standards and statutory frameworks.

Who Needs Auditing and Balance Sheet Services in Mumbai?

Every business big or small operating in Mumbai should consider professional auditing and balance sheet services. These include:
  • Private Limited Companies & LLPs (mandated statutory audits)
  • Proprietorships & Partnerships (for tax planning and funding)
  • Startups & MSMEs (for investor reports and scalability)
  • NGOs & Societies (for grant reporting and transparency)
  • Freelancers & Consultants (for financial clarity and tax filing)
In Mumbai’s fast-paced market, accurate reporting gives your business an edge in planning, growth, and compliance.
Who Needs Auditing and Balance Sheet Services in Mumbai

Why Choose My Legal Route for Audit & Balance Sheet Preparation in Mumbai?

1

Chartered Accountants with Proven Expertise

Our panel includes qualified CAs, auditors, and financial advisors with years of experience in multiple industries retail, services, tech, manufacturing, and more.

2

End-to-End Financial Compliance

From document collection to final audit reports and balance sheet filing, we manage everything for you.

3

Affordable, Transparent Packages

We offer fixed, no-surprise pricing tailored for startups, MSMEs, and corporate clients.

4

Timely Delivery

We respect your deadlines. Our streamlined process ensures you get reports well before statutory due dates.

5

Local Support in Mumbai

Whether you’re based in Andheri, Thane, Dadar, Navi Mumbai, or Bandra, our local experts are just a call away.

Our Auditing & Balance Sheet Process

Our Auditing & Balance Sheet Process
Background
At My Legal Route, we follow a simple and systematic workflow to ensure accuracy, transparency, and peace of mind:
  • Initial Consultation: Understanding your business structure, financial year, and compliance needs.
  • Document Collection: We guide you on submitting books of accounts, vouchers, bank statements, invoices, and TDS records.
  • Internal Review & Rectification: Our experts review your records and suggest corrections if needed.
  • Audit Execution: We conduct audits as per the required standard statutory, internal, or tax.
  • Balance Sheet Drafting: We prepare your balance sheet with income statement, cash flow, and notes to accounts.
  • Final Submission & Filing: Reports are finalized, explained to you in simple terms, and filed with the appropriate authorities.

Documents Required

Here’s what you need to keep ready for audit and balance sheet preparation:
  • PAN & TAN of business
  • GST registration certificate
  • Books of accounts (ledger, cash book, purchase/sales register)
  • Bank statements and reconciliation
  • Invoices and bills
  • TDS challans
  • Investment and loan records
  • Previous year’s audit reports (if applicable)
Our team will guide you through document collection to ensure nothing is missed.
Documents Required
Audit & Compliance Deadlines in Mumbai
Background

Audit & Compliance Deadlines in Mumbai

Missing audit deadlines can lead to hefty penalties. Here are the common dates to remember:
  • Tax Audit Filing (Form 3CA/3CB): September 30 (for FY 2024–25)
  • Statutory Audit for Companies: Before AGM or as per Companies Act timelines
  • ROC Filings (AOC-4 & MGT-7): Within 30 and 60 days of AGM respectively
  • Balance Sheet Preparation: Before audit or filing dates, ideally post financial year-end (March 31)
We help you stay ahead of compliance with regular reminders and support.

Benefits of Professional Auditing & Financial Reporting

Filing accurate balance sheets and audit reports is more than a regulatory requirement, it’s a strategic move.

Builds Financial Credibility

Whether you’re raising capital or applying for tenders, a clear financial trail boosts confidence among investors and partners.

Identifies Hidden Leakages

Audits can detect inefficiencies, fraud, or areas for cost savings.

Better Tax Planning

With professional accounting, you can plan deductions, reduce liability, and file taxes smartly.

Prepares You for Funding or Exit

If you’re seeking PE/VC investments or planning an exit, clean balance sheets are non-negotiable.

FAQs

Is auditing mandatory for all businesses?

Not all, but it’s mandatory for companies, LLPs, and businesses exceeding specified turnover limits.

Yes, we offer fully remote audits for clients across Mumbai via secure digital document handling.

It varies based on business size and complexity. We offer transparent, flat pricing. Contact us for a quote.

Absolutely. A well-prepared balance sheet increases your loan approval chances.

Typically 5–10 working days after complete documentation is received.

Let’s Get Your Finances Audit-Ready

Don’t wait until the last minute. Whether you’re a business owner, freelancer, or NGO in Mumbai, our expert auditing and balance sheet services are just a click away.

Serving businesses in Andheri, Dadar, Thane, Vashi, Bandra, and all across Mumbai. Call Now: 01206851283

Make your business audit-ready. Partner with My Legal Route.