Turnover Certificate for Current Account

A Turnover Certificate for a current account is an essential document required by banks. This certificate provides a detail of the financial position of the applicant including its turnover or gross revenue for a specific period. It usually includes the last financial year. This certificate is needed by the banks as it helps in opening a current account. This certificate can be certified by a CA after verifying the documents. To get a better understanding related to CA Turnover Certificate read this article thoroughly.

What is a Turnover Certificate for a Current Account?

Turnover Certificate for a current account is a stamp approved by a Chartered Accountant to certify the total turnover of the applicant. This certificate works as a proof that the person has achieved the turnover amount mentioned in the certificate. It shows details of turnover based on either IncomeTax Return or GST returns or audit reports, as applicable. The duration of these certificates range from one year to multiple years, depending on your requirements. This certificate for current account helps in opening a current account for further use.

Who can Certify a Turnover Certificate for a Current Account?

If you want a turnover certificate, you need to consult with a Chartered Accountant. Only a Chartered Accountant can issue and certify it. Bizfoc has a professional team of CAs who have multiple years of experience in certifying this Certificate. We offer this Certificate at the most affordable price. Make sure you have enough and complete information while applying for this Certificate.

Information Required for Turnover Certificate for a Current Account

For obtaining a Turnover Certificate for a current account, one needs to gather the following information:

• Name and details of the business entity
• Registration details
• Period for which the turnover is stated
• Purpose of it
• Details of the practicing professional
• UDIN
• Any other information as required

Fees for Turnover Certificate for a Current Account

The fee for the Certificate for a current account depends on the Chartered Accountant. However, it usually lies between the range of ₹1000/- to ₹2000/-. You can get your certificate for a current account with Bizfoc at the most affordable price compared to others. As we at Bizfoc believe client satisfaction is our motto, so we offer a turnover certificate for current accounts at just ₹1499/-.

Turnover Certificate Format

Following is the format for Turnover Certificate, you can read it in detail to get a better understanding related to it.

TURNOVER CERTIFICATE

Date – DD/MM/YY

TO WHOMSOEVER IT MAY CONCERN

This is to certify that M/s (Company Name), a company registered under Companies Act, 2013, having its registered address at (Complete Address) are in the business for 02 (two) completed years (considered up to 31st March of last Financial Year 2023). Their Turnover in execution of the contracts in each Financial Year during the preceding 02 (two) years are as given below:

This is further certified that the above Turnover is in line with the Turnover declared by the company in their GST Returns filed under GSTIN – GST No

For Name of CA firm

Chartered Accountants

Partner Name

Partner

Membership No:

Date:

Place:

UDIN:

How to Get a Turnover Certificate for a Current Account?

Step 01: Gather Required Details

For obtaining your certificate, you need to gather all the information as listed above. Bizfoc provides easy documentation for its clients.

Step 02: Verification

After gathering all the required information, our Chartered Accountant will verify all the documents.

Step 03: Draft Issued

Once the documents are verified by our Chartered Accountant, a draft copy will be shared.

Step 04: Final Certificate Issuance

When the draft is accepted, a final certificate copy is issued by a chartered accountant. At last, you will get your certificate.

Why Choose Bizfoc?

Choosing the right service provider for obtaining a turnover certificate for a current account is crucial, as the accuracy and timeliness of this document can directly affect the applicant's work. At Bizfoc, we ensure that your experience is smooth, efficient, and tailored to meet your satisfaction. We offer this certificate for a current account at just ₹1499/-. Consult with Bizfoc now!

Conclusion

A Turnover Certificate for a Current Account is a vital document that provides a clear representation of a business's or individual's financial activity over a specified period. Whether you are applying for a loan or complying with regulatory requirements, this certificate demonstrates your financial strength and transaction history through your current account. The fee to obtain this certificate ranges between ₹1000/- to ₹2000/- depending on the chartered accountant. To get your certificate, you need to hire a CA who can certify your certificate.

Frequently Asked Questions about Turnover Certificate for a Current Account