Accountant Outsourcing

Accountant outsourcing puts a dedicated chartered-accountant-managed accounts team behind your business at a fraction of the cost of an in-house hire. Your monthly bookkeeping, statutory returns and payroll are handled under one roof, while you keep control of approvals and bank accounts. It is built around statutory duties you cannot skip: books of account must be maintained under Section 44AA of the Income Tax Act 1961, accounts and records are required under Section 35 of the CGST Act 2017, and every company must keep proper books of account under Section 128 of the Companies Act 2013.

In practice this means monthly P&L and balance sheet preparation, bank reconciliation, sales and purchase register maintenance, GSTR-1 and GSTR-3B filing, TDS deduction and quarterly TDS returns, payroll with PF and ESI deductions, and management reports for your decisions. The team works as an extension of your business — you approve, they execute, and everything is documented for audits and lenders.

The danger of running accounts informally is that small slips compound into penalties. A missed GSTR-3B deadline attracts a late fee under Section 47 of the CGST Act 2017. Late TDS returns attract a fee of ₹200 per day under Section 234E of the Income Tax Act 1961, and a complete failure to file a TDS return can draw a penalty between ₹10,000 and ₹1,00,000 under Section 271H. Interest under Section 234B applies on unpaid advance tax. A professional outsourcing partner makes these non-events.

This service suits startups, MSMEs, partnerships, LLPs and small companies that have outgrown shoebox accounting but cannot justify a full-time accountant, as well as businesses whose accountant left and left a gap. You get monthly closing, on-time filings, and a compliance calendar — so audit time and loan applications stop being stressful.