ACCOUNTS OUTSOURCING

Outsourcing also ensures access to domain expertise, modern accounting tools, cloud-based ERP systems, and updated knowledge of taxation and regulatory laws. These services are carefully structured to meet the individual needs of each client, whether they are small enterprises, growing businesses, or established corporates. In today’s era of globalization, digitization, and technological advancement, the way businesses operate has undergone a paradigm shift. Outsourcing of accounting and financial processes has become an essential strategy for businesses of all sizes, from startups to multinational corporations. By delegating routine and complex accounting functions to specialized professionals, companies can achieve cost efficiency, enhanced accuracy, regulatory compliance, and optimal utilization of management time and resources.

Key Accounts Outsourcing Services Offered

  • Recording day-to-day transactions in accordance with Accounting Standards (Ind AS / AS) prescribed under the Companies Act, 2013.
  • Maintaining ledgers, journals, bank reconciliations, accounts payable and receivable records.
  • Ensuring compliance with Schedule III of the Companies Act and other applicable reporting frameworks.
  • Use of cloud-based accounting software (Tally, QuickBooks, Zoho, SAP, Oracle NetSuite, etc.) for real-time financial monitoring.
  • Helps management in generating accurate MIS reports, cost analysis, and budgeting.
  • Preparation of monthly payroll, salary slips, and related reconciliations.
  • Deduction and filing of PF, ESI, TDS, and Professional Tax in compliance with Income Tax Act, 1961 and Labour Laws.
  • Structuring employee compensation to achieve tax efficiency and ensure compliance with Gratuity Act, Bonus Act, and Minimum Wages Act.
  • Integration of HR policies and payroll software to reduce manual errors.
  • Preparation of Balance Sheet, Profit & Loss Account, and Cash Flow Statement as per Schedule III of Companies Act, 2013.
  • Consolidation of group accounts and preparation of segment reporting as per Ind AS.
  • Ensuring compliance with statutory audit requirements under Companies Act, LLP Act, and Income Tax Act.
  • Preparation of customized management reports for investors, lenders, and stakeholders.
  • Direct Tax Compliance: Filing of income tax returns (ITR) for individuals, partnerships, LLPs, and companies. Advisory on advance tax, TDS, transfer pricing, and international taxation.
  • Indirect Tax Compliance: GST registration, periodic returns filing, GST reconciliation, and refund advisory as per CGST/SGST/IGST Acts.
  • Tax planning strategies to minimize liability within the framework of the Income Tax Act, 1961 and Double Taxation Avoidance Agreements (DTAAs).
  • Representation before tax authorities for scrutiny, assessments, and appeals.

Benefits of Accounts Outsourcing

Cost Efficiency

Reduces overheads of maintaining an in-house accounting team

Focus on Core Business

Enables management to focus on growth and operations

Regulatory Compliance

Minimizes risk of penalties by ensuring adherence to laws

Scalability

Services can be scaled up as the business grows

Confidentiality

Professional outsourcing firms maintain strict data security protocols