Quarterly Accounts Closing.
A quarterly close brings the books to a proper cut-off every three months, with provisions, accruals and reconciliations done as they would be at year-end. It gives you reliable figures for advance tax, lender reporting and board meetings, and for listed companies the base for quarterly results. Year-end then becomes a fourth close rather than a rebuild.
Typically 10–15 working days after quarter-end. The number of entities, intercompany balances and inventory data drive the time.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Companies that want advance tax estimates based on real figures
- Businesses with quarterly lender or investor reporting
- Listed companies and their subsidiaries preparing quarterly results
- Boards that meet quarterly to review performance
What you receive at the end.
- 01Quarterly financial statements
- 02Schedule of provisions and accruals
- 03Reconciliation pack
- 04Advance tax estimate
Quarterly Accounts Closing, step by step.
Typically 10–15 working days after quarter-end. The number of entities, intercompany balances and inventory data drive the time.
- 1
Close calendar
We agree cut-off dates, owners and a checklist for the quarter.
- 2
Cut-off and accruals
We book accrued income and expenses, prepayments and unbilled revenue.
- 3
Provisions and depreciation
We assess provisions for bonus, gratuity, leave, warranties and doubtful debts, and post depreciation.
- 4
Quarter-end reconciliations
We reconcile banks, parties, inventory, GST, TDS and intercompany balances.
- 5
Quarterly pack
We prepare quarterly financial statements and an advance tax estimate.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Updated books for the quarter
- Inventory records at quarter-end
- Payroll and employee benefit data
- Contracts and billing schedules
- Loan and intercompany statements
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about Quarterly Accounts Closing.
Ready to discuss Quarterly Accounts Closing?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.