Monthly service
Bookkeeping and accounting
Bookkeeping is recording every sale, purchase, expense and bank movement in your company's ledger. LanceIQ does it for you every month: Lancy, LanceIQ's AI accountant, records the entries and our finance team checks them.
What is included
- Sales invoices and credit notes recorded with the right GST
- Purchase bills recorded, with input credit and TDS worked out
- Expenses and reimbursements classified to the right ledger
- Every bank and card line matched to an entry
- Customer and supplier balances kept current, with ageing
- Fixed assets recorded and depreciated
- A trial balance, profit and loss and balance sheet every month
Who it is for
For private limited companies in India that want accurate books without hiring an in-house accountant: D2C brands, manufacturers, traders and funded startups. It suits companies with a few hundred to several thousand transactions a month.
What you provide
- Bank statements, or access to download them
- Purchase bills and expense receipts as they arrive
- A quick answer when a payment cannot be identified
Everything else is done for you.
When it happens
| When | What |
|---|---|
| Through the month | Bills and invoices recorded as they come in |
| By the 5th | Bank lines for the previous month matched |
| By the 10th | Books for the previous month ready for GST and TDS |
| Month end | Trial balance and reports updated |
Common questions
What is online bookkeeping?
Online bookkeeping means your books are kept in cloud accounting software by a remote team. With LanceIQ, Lancy records the entries, our team checks them, and you can sign in to see your ledger and reports at any time.
Which accounting software do you use?
Your books live in LanceIQ Books, our accounting system built for Indian GST and TDS. If you use Tally today, we move your books across with opening balances proved against Tally.
How do you handle a transaction you cannot identify?
Lancy records what it is sure of. Anything it cannot place is kept aside with its best reading, and we ask you about it in one short message, not one question per line.
Can I see my books whenever I want?
Yes. Sign in to see your ledger, bank lines, customer and supplier balances and reports as they stand today.