Schedule III alignment
Statements without regrouping.
All software & automation services
Software & Automation
Chart of Accounts Design
FinAura designs your chart of accounts so the books answer the questions you ask: groups aligned to Schedule III for the financial statements, accounts and cost centres for the management reports you want, tax ledgers set up cleanly, and naming rules your team will follow. Existing ledgers are mapped across so history is kept.
- Implementation specialists, not resellers
- Accountants who use the software daily
- Bangalore and across India
What is covered
What Chart of Accounts Design Covers
The structure every report depends on.
Management view
Accounts for your MIS.
Cost centres and tags
Departments, projects, locations.
Tax ledgers
GST and TDS set up cleanly.
Naming rules
So new accounts stay consistent.
Mapping
Old ledgers carried across.
How the month runs
How It Works
Ask, design, map, apply.
Step 1
Ask
- Reports needed
- Statutory format
- Pain points
Step 2
Design
- Groups
- Accounts
- Cost centres
Step 3
Map
- Old to new
- History
- Approval
Step 4
Apply
- In the software
- Rules shared
- First reports
Your part
What We Need From You
- 01Current chart of accounts
- 02Latest financial statements
- 03The MIS or reports you want
- 04Your software access
Our part
What You Get
- A chart of accounts that fits your reports
- Statements that come out directly
- Clean tax ledgers
- Rules for adding accounts later
A common question
Why does the chart of accounts matter so much?
Every report is a grouping of accounts. If the structure does not match the questions management asks, someone rebuilds the report in a spreadsheet every month.
Designed once around Schedule III and your management view, the books produce both directly.
See monthly MIS reportingReportsStraight from the books
GroupsSchedule III and MIS
AccountsDesigned
Who it is for
Who It Is For
Companies starting new software
Design before data.
Companies with hundreds of ledgers
Clean-up and mapping.
Businesses wanting MIS
Structure first.
Groups
One structure across entities.
The rules, in plain English
What the Law Says
Companies Act, 2013
Schedule III
Companies present their balance sheet and statement of profit and loss in the format Schedule III sets, with its required groupings and disclosures.
Official source: mca.gov.inCompanies (Accounts) Rules, 2014
Rule 3
Accounting software used by companies must keep an audit trail of every change that cannot be switched off, and books kept electronically must have a daily back-up on servers in India.
Official source: mca.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
Chart of Accounts Design: Questions, Answered
What is a chart of accounts?
The list of all accounts in the books, organised into groups, which decides how transactions are classified and reported.
What is Schedule III?
The format for financial statements of companies under the Companies Act; aligning the chart to it lets statements come straight from the books.
Can we change our chart of accounts mid-year?
Yes, with a mapping so balances and history move cleanly; the start of a year is simplest.
How many accounts should a small company have?
Enough for the reports you need and no more; fewer, well-defined accounts are easier to keep accurate.
Often Taken Together
All 13 Software & Automation services01Software & AutomationZoho Books ImplementationOrganisation set-up, chart of accounts, GST and TDS configuration, templates, bank feeds, users and roles, and training.02Software & AutomationTally Prime ImplementationCompany creation, masters, GST and TDS set-up, inventory where needed, security and reports configured for your business.03Accounting & FinanceAccounting & BookkeepingClean, current books every month, reviewed by a Chartered Accountant.04Accounting & FinanceManagement Reporting & BudgetingMonthly MIS, budgets, forecasts and dashboards built from reconciled books.