Accounting Outsourcing Services in India

Your Go-To Partner for Accounting Services

Accounting Outsourcing Services refers to delegating financial and accounting tasks to external experts or service providers. These services are particularly beneficial for startups, SMEs, and large organizations aiming to streamline operations, reduce costs, and focus on core business activities.

Many Startups, SMEs, and companies do not have fully equipped accounting team to cater to their accounting and bookkeeping needs. AnBac Advisors provides outsourced bookkeeping and accounting services in Delhi, Gurugram, Mumbai and Bangalore, India though an expert team of Chartered Accountants, Lawyers and Company Secretary.

Our Accounting services focusses on reducing the finance and accounting costs of our clients by supporting them with their management, taxation and accounting needs. We function as a virtual backend office for companies to ensure their accounting compliances from setup, support, maintenance & consultation.

Why Accounting Services are Important?

1. It is a statutory requirement for all businesses.
2. All the accounting information is required by the regulators and investors, and forms the basis of analyzing your financial worth and profitability of venture.
3. The costs incurred by a startup in employing senior professionals and basic finance support staff will be much higher than outsourcing to our Professional team with better pool of knowledge, experience and turnaround. It helps a company to take the benefit from a cost advantage of outsourcing their accounting services.
4. Accounting and Bookkeeping is time consuming service, which is essentially a cost center for a company. Lack of expertise further entails liabilities on companies in the process.

What are the Benefits of Accounting Outsourcing Services?

Engaging accounting services can be highly beneficial for startups. Here are several ways in which accounting services can assist startups in India:

1. Compliance with Regulations: Startups in India need to adhere to various legal and regulatory requirements. Professional accounting advisory services in India can help ensure compliance with tax laws, company laws, and other statutory obligations.
2. Tax Planning and Optimization: Tax planning is crucial for startups to optimize their tax liabilities. Accounting professionals can provide guidance on tax-saving strategies and help startups take advantage of available incentives and exemptions.
3. Financial Planning and Budgeting: Accountants can assist startups in creating realistic financial plans and budgets. This includes projecting future expenses, managing cash flow effectively, and making informed financial decisions.
4. Bookkeeping and Record Keeping: Accurate and organized financial records are essential for startups. Accounting services in India can manage day-to-day bookkeeping tasks, ensuring that all transactions are recorded properly and providing a solid foundation for financial reporting.
5. Financial Analysis and Reporting: Regular financial analysis and reporting help startups track their performance, identify trends, and make data-driven decisions. Accounting professionals can generate financial statements and reports to provide insights into the company’s financial health.
6. Investor Relations: For startups seeking external funding, maintaining transparent and well-documented financial records is crucial. Accounting services in Delhi, India  can assist in preparing financial statements and reports required by investors, lenders, or potential acquirers.
7. Cost Control and Efficiency: Accountants can help startups analyze their cost structures and identify areas where costs can be controlled or reduced. This contributes to overall operational efficiency and better resource management.
8. Audit and Assurance: As a startup grows, there may be a need for audits, especially if it receives external funding. Accounting services can prepare the company for audits and ensure that financial statements are in compliance with auditing standards.

What are the Key Services Offered in Accounting Outsourcing?

1. Bookkeeping and Accounting
   • Daily transaction recording.
   • Maintenance of ledgers and journals.
   • Reconciliation of bank and credit card statements.
   • Preparation of financial reports.
2. Payroll Processing
   • Managing employee payrolls.
   • Tax deduction and compliance (e.g., TDS, PF, and ESI in India).
   • Salary disbursement and payslip generation.
3. Accounts Payable (AP) Management
   • Processing vendor invoices.
   • Managing payment schedules.
   • Reconciling supplier accounts.
4. Accounts Receivable (AR) Management
   • Invoice generation and dispatch.
   • Payment follow-ups and reminders.
   • AR aging analysis and reporting.
5. Taxation Services
   • Preparing and filing GST returns.
   • Income tax filings and TDS compliance.
   • Advising on tax-saving opportunities.
6. Financial Reporting
   • Preparation of profit & loss statements, balance sheets, and cash flow statements.
   • Monthly, quarterly, and annual reporting.
   • Budgeting and forecasting analysis.
7. Audit Assistance
   • Internal audit preparation.
   • Documentation and support for statutory audits.
   • Reconciliation of discrepancies.
8. Virtual CFO Services
   • Strategic financial planning and analysis.
   • Budgeting and performance management.
   • Cash flow management and financial decision-making support.
9. Regulatory Compliance
   • ROC filings for company compliance in India.
   • Handling FEMA compliance for businesses dealing with international transactions.
   • Ensuring adherence to local and international accounting standards (Ind AS, IFRS, etc.).
10. Customized Services
    • Project-based accounting support.
    • Setting up and managing accounting software like Tally, QuickBooks, or Zoho Books.
    • Financial advisory services.

Why should you choose us for accounting outsourcing services?

When choosing accounting services for your startup in India, one should consider factors such as the service provider’s experience, expertise in startup accounting, technology infrastructure, and their ability to provide tailored solutions that align with your business goals. Anbac Advisors has a team with 10+ years experience in Audit and assurance, Taxation, Investment Banking, Transfer Pricing and Legal Matters.

AnBac Advisors is one of the top 5 consultancy firms, which provides most accurate and real time outsourced accounting solutions in Delhi, Gurugram, Mumbai and Bangalore, India. An extensive expertise and knowledge in field of accounting, taxation and bookkeeping with a team of experienced accountants, CAs, Company Secretariats, lawyers enabled us to deliver quality even on complex assignments, thereby saving costs and time both for startups and SMEs.

We employ highest quality standards, best practices and methodologies to ensure capturing financial data in most appropriate form in the accounts to align it with the goals of the organization as a whole. AnBac Advisors also ensures that companies are able to have real time data for decision making, or quick reference, with reliability and timeliness.