Frequently Asked Questions
Below are answers to the questions we receive most often from businesses, startups, and professionals across Hyderabad. If your question is not covered here, please call +91 9676313137 or write to hello@sunshineaccountancy.com and a member of our team will respond promptly.
Accounting Services
What accounting services do you provide from your Hyderabad office
We offer end to end accounting services including day to day bookkeeping, ledger maintenance, bank reconciliation, accounts payable and receivable tracking, monthly and quarterly management information reports, finalisation of accounts, and preparation of financial statements. Work is delivered in Tally or your preferred cloud platform, with senior review on every deliverable. Learn more on our accounting services page.
Do you support cloud accounting platforms
Yes. We work comfortably in Tally Prime, Zoho Books, QuickBooks, Xero, and other cloud accounting platforms. We can also migrate existing books from one platform to another with careful opening balance reconciliation.
How frequently will I receive management reports
Our standard engagement includes monthly profit and loss, balance sheet, and cash flow summaries, along with accounts receivable and accounts payable ageing schedules. Reporting cadence can be customised to weekly, fortnightly, or quarterly based on the business need.
Bookkeeping Services
What is the difference between bookkeeping and accounting
Bookkeeping is the disciplined recording of day to day transactions into the books of account. Accounting is the broader function that includes finalisation, adjustments, analysis, compliance, and reporting built on top of accurate bookkeeping. In practice we deliver both as a single integrated service. Learn more on our bookkeeping page.
How do you handle bookkeeping for multi location businesses
We handle multi location and multi state bookkeeping by establishing consistent chart of accounts, location tagging, and branch wise reporting in your accounting system. Consolidation is done in the books and separately for GST purposes.
GST Registration and Filing
Who needs GST registration in India
GST registration is mandatory for most businesses with an aggregate annual turnover above the applicable threshold, for interstate suppliers of goods, for e commerce operators, for businesses liable under reverse charge, and for certain other specified categories. We can assess your position and advise whether registration is required or recommended. Learn more on our GST page.
How long does a new GST registration take
A clean, well documented application is typically processed within 7 to 15 working days. Delays most often occur when documents are inconsistent, the address proof is not accepted, or the officer raises a clarification. We prepare the application carefully to minimise back and forth.
Do you handle GSTR 1, GSTR 3B, and GSTR 9
Yes. We handle monthly GSTR 1 and GSTR 3B filings, quarterly returns where the client is eligible under the QRMP scheme, annual GSTR 9, and GSTR 9C reconciliation where applicable. We also handle GSTR 2B reconciliation with the purchase register.
Income Tax and Advisory
Do you help with income tax planning for individuals and businesses
Yes. We provide year round tax planning for salaried individuals, proprietors, partnerships, LLPs, and private limited companies. Planning covers deductions, exemptions, capital gains, presumptive taxation, advance tax, and transaction structuring. Learn more on our tax planning page.
Can you represent clients in faceless assessments or tax notices
Yes. We assist with responses to tax notices, faceless assessments, rectifications, and routine correspondence with the tax department. The approach is always to respond promptly, clearly, and with adequate documentation.
Payroll
What does your payroll service include
Our payroll service covers monthly salary processing, PF, ESI, professional tax, labour welfare fund, income tax TDS on salary, Form 16 preparation at year end, full and final settlements, and reimbursements processing. We deliver payslips to each employee through secure channels. Learn more on our payroll page.
How do you handle confidentiality of salary data
Salary data is handled only by authorised team members, kept on secure systems, and never shared outside the agreed communication channels. Internal controls and access protocols are in place to protect this information.
Audit and Compliance
Do you support statutory audits
Yes. We prepare clients for statutory audit, manage auditor requirements, co ordinate with the independent auditor, and close the audit with minimal last minute surprises. We also handle internal audits and specific purpose audits. Learn more on our audit page.
Do you handle ROC and MCA filings
Yes. We handle annual filings with the Registrar of Companies including AOC 4, MGT 7, DIR 3 KYC, and event based filings such as DPT 3, MSME 1, and changes to directors, addresses, capital, and share holdings.
Engagement, Pricing, and Working with Us
How do your engagements work
We begin with a short, confidential consultation to understand your business, existing processes, and requirements. A written scope and fee quotation is shared before any work begins. Once agreed, work starts with a kick off meeting and a document checklist.
How is pricing determined
Pricing is based on the scope of work, transaction volumes, complexity of compliance, and the reporting cadence you require. We share a clear quotation with inclusions and exclusions upfront, so there are no surprises during the year.
Do you work with clients outside Hyderabad
Yes. While our office is based in Hyderabad, our compliance infrastructure supports clients across India including multi state GST, interstate TDS, and ROC matters at any Registrar of Companies. Most client communication is handled remotely.
How can I get started
Please call +91 9676313137 or write to hello@sunshineaccountancy.com with a short note about your business and requirement. We will get back to schedule a confidential consultation and share a scoped proposal.