Accounting and Bookkeeping Services in India

EzyBiz India Consulting LLP provides professional accounting and bookkeeping services in India for startups, SMEs, growing businesses, foreign-owned subsidiaries and international companies operating in India. Our outsourced accounting solutions help businesses maintain reliable financial records, manage recurring accounting activities and prepare timely information for management, taxation and statutory compliance.

Our services cover bookkeeping, general ledger accounting, bank reconciliation, accounts payable and receivable, monthly closing, financial reporting, management information systems (MIS), GST and TDS accounting support and year-end finalisation.

Businesses may engage us as their complete outsourced accounting team, for selected finance activities or alongside existing internal accountants. Overseas groups can also receive assistance with Indian subsidiary accounts, intercompany reconciliations and reporting to their foreign headquarters.

Online sellers and D2C brands operating through Amazon, Flipkart, Shopify, Meesho and other digital platforms can explore our E-commerce Accounting and Bookkeeping Services in India covering marketplace settlements, payment gateway reconciliation, inventory, GST/TCS accounting and online sales reporting.</p>

With over 20 years of professional experience and a multidisciplinary team of Chartered Accountants, Company Secretaries and other specialists, including Big Four alumni, EzyBiz India combines accounting operations with practical understanding of Indian taxation and regulatory requirements.

Our accounting solutions form part of our wider Managed Business Services in India, covering accounting, payroll and financial-management support.

What Are Accounting and Bookkeeping Services?

Accounting and bookkeeping services involve recording, organising, reconciling and reporting business transactions. Accurate financial records allow management to evaluate profitability, monitor working capital, meet statutory obligations and make informed decisions.

Bookkeeping Records Daily Business Transactions

Bookkeeping includes recording sales, purchases, receipts, payments, expenses, journal entries and other financial transactions with supporting documentation and appropriate account classifications.

Accounting Converts Records Into Financial Information

Accounting includes reviewing ledger balances, passing period-end adjustments, preparing financial statements, analysing financial performance and supporting reporting under the accounting framework applicable to the entity.

Outsourced Accounting Provides External Finance Support

Under an outsourced accounting arrangement, a professional team performs agreed accounting activities remotely or through a hybrid working model. The company continues to control commercial decisions, payment approvals and management responsibilities.

Our Accounting and Bookkeeping Services in India

EzyBiz India provides recurring accounting services based on the company’s size, business activities, transaction volume, reporting expectations and internal finance capabilities.

General Ledger Accounting and Bookkeeping

Our team assists with chart-of-accounts maintenance, sales and purchase accounting, expense booking, journal entries, ledger scrutiny, trial balance preparation and accounting schedules. We also identify incomplete entries and unusual balances for clarification.

Bank and Credit Card Reconciliation

Bank and credit card reconciliation helps identify outstanding payments, unidentified receipts, duplicate transactions, missing charges and differences between accounting records and financial institution statements. Reconciliation frequency is determined according to transaction volume and business risk.

Fixed Assets and Expense Accounting

We assist with fixed asset registers, acquisition and disposal records, depreciation schedules, prepaid expenses, accrued liabilities and expense allocation. These records support financial reporting and audit preparation.

Accounts Payable and Accounts Receivable Management

Receivables and payables are essential to working-capital control. Outsourced accounting can provide regular visibility into collections, supplier liabilities and outstanding transactions.

Customer Invoice and Receivable Tracking

Services may include customer ledger maintenance, invoice recording, receipt allocation, credit note accounting, ageing analysis and reconciliation of receivable balances. Management can use the reports to follow up on overdue accounts.

Vendor Bills and Payable Reconciliation

We assist with supplier invoice accounting, vendor ledger scrutiny, payment recording, debit and credit note adjustments and supplier statement reconciliation.

Working Capital and Ageing Reports

Periodic receivable and payable ageing reports can highlight overdue balances, concentration risks and potential cash-flow pressures. The client retains responsibility for authorising payments and approving commercial settlements.

Businesses requiring dedicated support for supplier invoices, vendor reconciliations, customer receivables and collections reporting can explore our Accounts Payable and Receivable Outsourcing Services in India

Monthly Accounting and Book Closing Services

Month-end accounting transforms individual transactions into usable financial information. A structured closing process reduces the risk of reporting from incomplete ledgers.

Record and Review Monthly Transactions

We review the available sales, purchase, expense, payroll and banking data, investigate incomplete postings and identify accounting information that requires management clarification.

Complete Reconciliations and Adjustments

The closing process may include bank reconciliation, customer and vendor reconciliation, accruals, prepaid expenses, depreciation, payroll entries and review of GST and TDS-related balances.

Prepare Monthly Closing Reports

After agreed adjustments and review, the accounting team prepares a trial balance and appropriate management reports. For a detailed operational process, refer to our Month-End Accounting Checklist for Companies in India.

Financial Statements and MIS Reporting Services

Reliable financial reporting helps management assess operational performance and communicate with investors, lenders, auditors and overseas parent companies.

Profit and Loss Statement and Balance Sheet

We assist in preparing periodic profit and loss statements, balance sheets, supporting schedules and financial information required for management review or statutory financial statement preparation.

Management Information System Reports

Management information reports may include revenue trends, major expense categories, business-unit profitability, budget comparisons, customer and vendor ageing, financial ratios and other agreed key performance indicators.

For detailed monthly financial statements, KPI dashboards, budget-versus-actual analysis, profitability reports and management reporting packages, see our MIS Reporting Services in India

Cash Flow and Management Reporting

Where included in the engagement, our team can prepare cash-flow summaries, working-capital reports and supporting information for cash-flow forecasting. Companies requiring senior-level financial oversight may also consider our Virtual CFO Services in India.

Accounting Services for Foreign Companies and Indian Subsidiaries

Foreign-owned Indian businesses often require accounting records that support both Indian statutory obligations and the reporting expectations of their overseas parent organisations.

Accounting for Wholly Owned Subsidiaries

Indian subsidiaries require their own books of account, appropriate recording of share capital, business income, operating expenses, assets and liabilities and reconciliation of financial transactions with the overseas group.

Our specialised guide to Accounting and Bookkeeping for Wholly Owned Subsidiaries in India explains the distinct requirements in more detail.

Intercompany and Foreign Currency Accounting

Our support may cover related-party receivables and payables, parent-company funding, intercompany service invoices, expense recharges, foreign currency transactions and balance confirmations. Foreign-exchange differences are accounted for under the applicable accounting framework.

Intercompany transactions may also require separate consideration of withholding tax, transfer pricing, GST and FEMA obligations, depending on their nature.

Reporting to Overseas Headquarters

We can assist with monthly reporting packages, account reconciliations and supporting schedules requested by international finance teams. Local statutory accounting and group reporting adjustments should be separately identified where different reporting frameworks apply.

Foreign groups planning a new Indian presence can also review our India Market Entry Services and Foreign Company Registration in India guidance.

Accounting for Branch Offices, Liaison Offices and Project Offices

A foreign company’s branch office, liaison office or project office may have accounting requirements that differ from those of an incorporated Indian subsidiary.

Branch Office Accounting

Branch office accounting may involve recording permitted operating income, expenses, receivables, liabilities, assets, head-office transactions and the information required for applicable financial and regulatory reporting.

Liaison Office Expense Accounting

A liaison office generally requires careful tracking of operating expenses, permitted inward remittances, bank movements and head-office funding. Its accounting should reflect the restrictions applicable to its approved activities.

Project Office Accounting and Reporting

Project office accounting may involve project-wise costs, contract receipts, advances, project-related expenses, bank reconciliations and supporting information for tax and regulatory reporting.

Read our dedicated guide to Accounting for Branch Offices, Liaison Offices and Project Offices in India.

GST, TDS and Accounting Compliance Support

Accounting records form the foundation for indirect tax, withholding tax and several other statutory compliances. The accounting process should therefore be coordinated with the company’s filing and payment obligations.

GST Accounting and Reconciliation

GST-related accounting may include reconciliation of outward supplies, purchase records, input tax credit, GST liability ledgers and relevant tax balances. Return preparation and filing are handled according to the separately agreed compliance scope.

Businesses can refer to the official GST Portal and our GST and Indirect Tax Services for related compliance support.

TDS Accounting and Reconciliation

Accounting support includes identifying transactions requiring tax-deduction review, maintaining withholding tax ledger records and reconciling accounting entries with available payment and return information.

Applicable deductions, payment deadlines and return requirements should be determined under the law governing the relevant period. For official resources, visit the Income Tax Department e-Filing Portal.

Corporate Accounting and Compliance Calendar

Monthly accounting processes should be coordinated with applicable GST, TDS, payroll, company law and annual reporting requirements. Our Accounting Compliance Calendar for Private Limited Companies in India provides a dedicated framework for monitoring recurring activities.

Cloud Accounting and Accounting Software Support

Businesses increasingly use cloud-based accounting software, ERP systems and electronic document workflows to improve accessibility, reporting and collaboration.

Tally, Zoho Books and Other Accounting Systems

Depending on the client’s existing systems and agreed arrangements, our team can work with commonly used accounting platforms such as Tally, Zoho Books, QuickBooks or other compatible accounting and ERP software.

The selection of software should consider business operations, Indian tax requirements, reporting needs, system integration, user access and data security.

Online Accounting and Document Workflows

Virtual accounting services may use secure document-sharing arrangements, restricted user permissions, digital invoice records, electronic approvals and periodic online review meetings.

Accounting software can facilitate processing and reporting, but data quality, reconciliation and professional review remain necessary.

Accounting Standards and Statutory Books of Account

Indian companies must maintain appropriate books of account and prepare financial statements under applicable statutory requirements. An outsourcing arrangement does not eliminate the company’s own legal responsibilities.

Books of Account Under the Companies Act

Section 128 of the Companies Act, 2013 addresses the preparation and maintenance of company books of account, including accrual-based and double-entry accounting, subject to the applicable statutory requirements.

The Act also prescribes record-retention and other obligations. Refer to the Companies Act, 2013 for the statutory framework.

Accounting Standards and Financial Statement Preparation

Companies must assess whether applicable Accounting Standards or Indian Accounting Standards (Ind AS) govern their financial reporting. The reporting framework depends on statutory applicability and the entity’s circumstances.

Relevant resources are available from the ICAI Accounting Standards and ICAI Ind AS Compendium.

Internal Controls and Confidentiality in Outsourced Accounting

A reliable outsourced accounting function requires more than transaction entry. It should incorporate defined responsibilities, access controls, approval procedures and periodic review.

Maker-Checker and Payment Approval Controls

Appropriate segregation of duties helps distinguish transaction preparation, accounting review and payment authorisation. Businesses should retain defined management approvals over bank payments, vendor creation, refunds and other sensitive transactions.

Data Confidentiality and Access Management

Engagements should establish suitable confidentiality arrangements, authorised system access, document-sharing procedures, backup responsibilities and processes for handling sensitive financial and employee information.

Access rights and controls should be proportionate to the company’s operations, technology and risks.

Our Outsourced Accounting Engagement Process

We structure an outsourced accounting engagement around the company’s business processes, accounting records, reporting requirements and preferred responsibilities.

Initial Review and Transition

We first discuss the nature of the business, accounting software, transaction volume, bank accounts, existing books, current finance resources and reporting expectations.

Where required, the transition may include reviewing opening balances, outstanding reconciliations, the chart of accounts and available financial information. Historical cleanup or reconstruction of records may require a separately agreed scope.

Monthly Processing, Review and Reporting

After implementation, accounting activities are performed according to the agreed reporting calendar. Pending documents, reconciliation differences and management approvals are communicated to the designated client representative.

Agreed deliverables are prepared following appropriate accounting review and shared with management through the established reporting process.

Outsourced Accounting Services Cost in India

The cost of outsourced accounting depends on the complexity of the company’s finance function. A single fixed fee may not be appropriate for businesses with significantly different transaction volumes, compliance requirements and reporting expectations.

Factors Affecting Accounting Fees

• Monthly volume and complexity of transactions.
• Number of bank accounts, branches and business units.
• Accounts payable and receivable workload.
• Accounting software and data quality.
• GST and TDS reconciliation requirements.
• Monthly MIS and management reporting expectations.
• Foreign currency and intercompany transactions.
• Group reporting and year-end support requirements.

Flexible Accounting Service Models

Depending on the business, we may propose monthly bookkeeping support, complete finance-function outsourcing, co-sourcing with an existing accountant or additional accounting supervision and reporting services.

Professional fees are proposed after reviewing the expected scope. Statutory audit, tax-return filing, payroll processing, Virtual CFO services and specialised assignments may be separately scoped where not expressly included.

Benefits of Outsourcing Accounting and Bookkeeping

Access to Experienced Accounting Professionals

Outsourcing gives businesses access to accounting resources and review support without depending exclusively on one internal employee. The arrangement can also support continuity during staff changes or periods of increased work.

Improved Reporting and Finance Process Efficiency

Structured reconciliations, periodic closing and defined reporting responsibilities can improve the reliability and timeliness of financial information. Actual cost and efficiency benefits depend on the quality of implementation and scope.

For a detailed comparison of operating models, see Outsourced Accounting vs In-House Accounting in India.

Newly incorporated private limited companies and startups can refer to our Accounting Setup for New Companies in India guide, covering share capital accounting, opening balances, accounting software configuration, GST and TDS ledgers and the first 90 days after incorporation.

Why Choose EzyBiz India for Accounting Services?

Integrated Accounting, Tax and Regulatory Knowledge

EzyBiz India’s multidisciplinary team includes Chartered Accountants, Company Secretaries and other professionals with experience in accounting, taxation, regulatory compliance and international business advisory.

Our wider professional services include Corporate Secretarial and ROC Compliance and Audit and Assurance Services, helping businesses coordinate accounting information with separately engaged compliance and audit professionals.

Support for Indian and Foreign-Owned Businesses

We work with the accounting needs of startups, growing Indian companies, multinational subsidiaries and foreign entities operating in India.

Our approach focuses on defined deliverables, reliable reconciliations, appropriate management oversight and clear communication with finance teams, founders and overseas headquarters.

Frequently Asked Questions About Accounting and Bookkeeping Services

Can a Private Limited Company Outsource Its Accounting?

Yes. A private limited company can engage an external professional team for bookkeeping, accounting and reporting support. The company and its responsible officers must continue to meet their applicable statutory duties and maintain appropriate oversight over financial records.

What is the difference between virtual accounting and outsourced accounting?

Virtual accounting describes accounting services delivered remotely through electronic systems. Outsourced accounting refers to engaging an external provider to perform agreed accounting activities. A service can be both virtual and outsourced.

Can EzyBiz India work with our existing accountant?

Yes. The engagement can be structured to support an existing accounting team through reconciliations, periodic review, selected finance processes and management reporting.

What Reports Are Available and How Do We Start?

Will we receive monthly financial reports?

Monthly reports can be included in the engagement. Depending on the agreed scope, these may include the trial balance, profit and loss statement, balance sheet, bank reconciliations, receivable and payable ageing and management information reports.

Do you provide accounting for foreign subsidiaries?

Yes. Services can cover Indian books of account, intercompany balances, foreign currency transactions, accounting schedules and information required for overseas parent reporting.

Will accounting outsourcing include GST, TDS and payroll?

Accounting support for these areas can be incorporated into the scope. Preparation or filing of returns and payroll processing should be expressly included in the engagement or separately agreed.

How can we obtain an accounting services quotation?

Contact us with your business activities, monthly transaction volume, accounting software, existing finance arrangements and required reporting deliverables. Our team can assess your requirements and prepare a scope-based proposal.

Related Services and Contact EzyBiz India

Explore Our Related Accounting and Business Services

• Managed Business Services in India
• Accounting for Wholly Owned Subsidiaries in India
• Branch, Liaison and Project Office Accounting
• Outsourced Accounting vs In-House Accounting
• Accounting Compliance Calendar in India
• Month-End Accounting Checklist
• Virtual CFO Services
• GST and Indirect Tax Services
• Corporate Secretarial and ROC Compliance Services
• Audit and Assurance Services
• India Market Entry Services

Contact Our Accounting and Bookkeeping Team

Looking for a reliable accounting outsourcing partner in India? Speak with EzyBiz India about bookkeeping, reconciliation, monthly financial reporting, Indian subsidiary accounting or finance-function outsourcing.

EzyBiz India Consulting LLP

306, 3rd Floor, Vishwa Sadan Building, District Centre, Janakpuri, New Delhi – 110058, India.

Mobile: +91 98992 17778

Email: anil@ezybizindia.in

WhatsApp: Discuss Accounting Services on WhatsApp

Enquiry: Contact EzyBiz India

Industry Recognition

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Reviewed By: CA Anil Agrawal, Founder, EzyBiz India Consulting LLP. Over 20 years of professional experience in taxation, regulatory compliance, international business advisory and corporate finance.

Last Updated: October 2026

Disclaimer: This page provides general information about accounting, bookkeeping and finance outsourcing services in India. The applicable accounting framework, statutory record-keeping requirements, tax obligations, regulatory filings and service scope depend on the nature and circumstances of each entity. Outsourcing accounting activities does not transfer statutory responsibilities from the company or its responsible officers. Audit, certification and other regulated professional services are undertaken separately by appropriately eligible professionals as applicable. Specific professional advice should be obtained before relying on the information for any transaction or compliance decision.