Indian accounting guide

Indian accounting, explained through everyday business entries.

Understand what gets debited, credited, recorded and reviewed when money or goods move.

Learn the transaction first, then explore the related voucher, tool or Fastbooks workflow.

What it means

Indian business bookkeeping records sales, purchases, expenses, receipts, payments and related party or tax ledgers. An invoice or bank transfer is evidence, not by itself a completed accounting entry.

Example: an invoice and the supplier balance

Buying goods on credit creates a purchase or inventory entry and a supplier payable. Paying that supplier later is a separate transaction that reduces the payable and the bank balance. Keep both source references for reconciliation.

Explore by task

Understand the entries

Start with a worked entry before choosing automation.

Purchase entry with a worked journal

Credit purchases, supplier balances and payment entries.

Daily hisaab guide

Capture and classify the day's transactions.

Bank reconciliation guide

Connect bank activity to recorded receipts and payments.

Explore by task

Forms and records

Know which evidence to preserve.

Receipt voucher format

Customer collections, bank details and invoice references.

Payment voucher format

Supplier payments and ledger context.

Debit note guide

Return or correction reference and tax impact.

Accountant involvement

Separate routine capture from professional review.

Availability and accuracy

What to verify

Examples are educational. GST, TDS/TCS, inventory valuation and financial-statement treatment depend on transaction facts and applicable rules; verify them with your accountant.