TAXWORK Consultants – Cost & Management Accountants Request a quote
Accounts & payrollMonthly

Bookkeeping

Monthly bookkeeping in your preferred software, with bank reconciliations and a clear monthly report.

At a glance
TimelineMonthly cycle; first month set up in about a week
Service feeFixed quote after review
Steps4
Documents3
Section 174 – records to be kept for six yearsCompanies Act 2017 – books of account

Overview

Monthly bookkeeping in software of your choice, with bank reconciliations and a short monthly report, so returns, audits and decisions rest on clean numbers.

Why it matters

Good books are the base for everything: tax returns, sales tax, payroll, bank loans and investor reports. Monthly bookkeeping means decisions are based on real numbers, not guesses at year end.

Who needs this

  • Small and medium businesses
  • Companies and AOPs
  • Owners who want monthly visibility

How it works

Who does each step, and how long it usually takes once documents are complete.

  1. 1
    SetupTAXWORK

    Chart of accounts and software set up.

    1 week
  2. 2
    Monthly recordsYou

    Bank statements, invoices and receipts shared.

    By the 5th
  3. 3
    Posting and reconciliationTAXWORK

    Transactions recorded and bank accounts reconciled.

    5–7 days
  4. 4
    Monthly reportTAXWORK

    Profit and loss, cash position and key balances.

    By the 15th

Documents we need

Tick what you already have, then send the list to us.

What you receive

  • Up-to-date books
  • Bank reconciliations
  • Monthly management report

Deadlines, risks and penalties

  • Poor records mean estimated assessments and lost expense claims

Mistakes we fix, and what our fee covers

Common mistakes we fix

  • Books kept only at year end, so tax and payroll figures are guessed
  • Salary tax not deducted or deposited monthly
  • Bank, cash and payable balances that never reconcile
  • Financial statements that do not match the tax return

Included in our fee

  • Monthly bookkeeping in the software you prefer
  • Bank and ledger reconciliations
  • Payroll, salary slips and withholding statements
  • Monthly management summary and year-end statements

Law and references

The sections and rules this service is based on.

  • Section 174 – records to be kept for six years
  • Companies Act 2017 – books of account

Questions

How long does it take?

Monthly cycle; first month set up in about a week. Step by step: Setup (1 week), Monthly records (By the 5th), Posting and reconciliation (5–7 days), Monthly report (By the 15th).

What does it cost?

We give a fixed quote after reviewing your case. Government fees are extra where they apply.

What happens if I miss a deadline?

Poor records mean estimated assessments and lost expense claims.

Which software do you use?

Whatever suits you, including cloud accounting tools.

Which software do you use?

We work with QuickBooks, Xero, Zoho Books and common local software, or in Excel if you prefer.

Do I send documents every month?

Yes. You share bank statements and invoices monthly, by WhatsApp or a shared folder.

Why clients choose TAXWORK

9,000+clients served

Individuals, businesses and companies across Pakistan and overseas.

3offices

Rawalpindi/Islamabad, Sialkot and Karachi (with Raza Siddiqui & Co., Chartered Accountants).

Fixedfee first

You get the scope and a fixed fee in writing before any work starts.

Everystep on WhatsApp

Progress updates, and a copy of everything we file or submit for you.

Keep reading

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