A Balance Sheet is one of the most crucial financial statements that reflects your business’s financial health at a specific point in time. It shows what your business owns (assets) and owes (liabilities), along with the owner’s equity. At AAR TAX INDIA, we offer expert Balance Sheet preparation services to help you make strategic decisions, ensure compliance, and present your business confidently to stakeholders.
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A Balance Sheet is a key financial statement that provides a snapshot of a business’s financial position at a specific point in time. It shows what a company owns (assets), what it owes (liabilities), and the owner’s equity (capital) invested in the business. The Balance Sheet follows the basic accounting equation:
Assets = Liabilities + Owner’s Equity
Assets include cash, inventory, machinery, and receivables — everything the business uses to operate and generate income. Liabilities consist of outstanding payments, loans, and other financial obligations. The difference between assets and liabilities reflects the owner's equity, representing the true value of the business.
At AAR TAX INDIA, we understand that starting a business is a significant step, and the process of incorporation should be as smooth and efficient as possible. Here's why we are your best partner for Proprietorship Firm Incorporation:
With years of experience in business registrations, our team provides professional advice and seamless guidance through every step of the proprietorship firm incorporation process.
We understand the importance of time in business. Our streamlined process ensures that your proprietorship firm is set up quickly, allowing you to start your business without unnecessary delays.
From selecting a business name to obtaining necessary registrations (PAN, TAN, GST), we offer end-to-end services to ensure your business is fully compliant with Indian laws.
We provide cost-effective solutions with no hidden charges. You’ll know exactly what to expect, making it easier for you to plan your budget.
A Balance Sheet gives you a clear picture of your financial strength and helps in decision-making, tax filing, loan applications, and investment planning.
While it may not always be legally mandatory for unregistered entities, it is strongly recommended for compliance, audit readiness, and sound financial management.
At minimum, once a year. But for better financial control, businesses should prepare quarterly or even monthly Balance Sheets.
Yes. We prepare Balance Sheets in standard, audit-friendly formats accepted by banks, CAs, and regulatory bodies.