Advisory · Accounting & MIS
Accounting and MIS outsourcing
We keep your books month by month in Tally or cloud accounting software, run payroll and reconciliations, and send a monthly MIS pack that management can actually read. For businesses that want a chartered accountant’s oversight of the accounts without building a full finance department.
Scope of work
What we take over
You can hand over the whole function or only the parts you are short of. Each month’s close is reviewed by a chartered accountant before anything is sent to you.
Bookkeeping
Day-to-day entries from bank statements, sales and purchase invoices and expense claims, with ledgers scrutinised so that the trial balance can be relied on.
- Accounts payable and receivable, with ageing
- GST-compliant recording of invoices and credit notes
- Cost centres and branch or project accounting where needed
Payroll
Monthly salary processing and payslips, with the statutory deductions and filings that go with them.
- PF, ESI and professional tax workings and challans
- TDS on salaries and employee investment declarations
- Full-and-final settlements, bonus and gratuity workings
Reconciliations
The checks that catch errors before they reach a return or an auditor.
- Bank and credit-card reconciliations
- GST input credit against the portal data, and output tax against the books
- TDS deducted and received against the department’s records
- Vendor, customer and inter-company balance confirmations
Monthly MIS
Management reports built around the decisions you take: profit and loss by segment, cost of goods sold and operating expenses, cash and working capital, and the KPIs you choose to follow.
- Variance analysis against budget and the previous month
- Dashboards for founders and boards, in a format agreed with you
- Commentary on what changed and why
Registers and records
The registers that auditors and regulators ask for, kept current rather than rebuilt at year end.
- Fixed-asset register with depreciation under the Companies Act and income-tax rules
- Asset tagging and periodic physical verification
- Stock records and stock verification for inventory-heavy businesses
- Statutory registers for companies and LLPs, with our company law team
Year-end closing
Provisions, accruals, prepaid expenses and depreciation booked; schedules and draft financial statements prepared; and the statutory and tax auditors supported until the audit is signed.
- Financial statements under Indian GAAP, or Ind AS where it applies
- Tax audit schedules and annual GST reconciliation
- Audit queries answered from our working papers
Tally and cloud accounting
Set-up or migration of the accounting system, chart of accounts, cost centres and user roles. We work in Tally and cloud accounting platforms, and in a client’s existing ERP such as SAP or Oracle where that is already in place.
- Multi-company and multi-branch structures
- Bank-statement and invoice import through Snap IT
- Access controls and audit trail settings
Deliverables
What you receive each month
The close date and the contents of the pack are fixed in the engagement letter. A typical month looks like this.
- Books closed by the agreed date, with the trial balance reviewed by a chartered accountant
- Bank, GST and TDS reconciliations, with open items listed for your action
- MIS pack: profit and loss, balance sheet, cash-flow, debtors and creditors ageing
- Variance commentary against budget and the previous month
- Payroll register, payslips and statutory challans
- GST and TDS working papers ready for the returns
- Compliance calendar: what has been filed and what falls due next month
- A review call or meeting with the engagement partner
Return filing itself is handled by our income tax and GST team, and finance leadership beyond the books by our Virtual CFO practice. Many clients combine the two with outsourced accounting.
Process
How the transition works
- Scoping
Entities, transaction volumes, software in use and who does what today. You receive a written scope, a close calendar and a fee.
- Handover
Access to bank feeds, portals and the Tally or cloud data; opening balances and the last filed returns are checked against the books.
- Clean-up
Any backlog is cleared, the chart of accounts is rationalised, and reconciliations are brought up to date before the first regular month.
- Monthly cycle
Documents arrive through Snap IT or a shared folder, entries are processed and reviewed, and the MIS pack is delivered and discussed on the agreed date.
Our software
Snap IT
Bookkeeping automation built by the firm
Snap IT reads bank statements and invoices and posts them into Tally. Upload a bank PDF or Excel file; the transactions are detected, each narration is matched to a Tally ledger for you to confirm, and the entries sync to Tally through a desktop bridge. It also reconciles accounts across several companies.
We use it for our own outsourced clients, and it is available to any business that keeps its books in Tally.
Open Snap ITFAQ
Common questions
Which accounting software do you work in?
Do we lose control of our data?
Can you take over mid-year, or with a backlog?
Do you also file the GST and TDS returns?
Who reviews the work?
How are fees set?
Talk to a chartered accountant
Tell us how the books are kept today and what you would like to receive each month. We will come back with a scope and a close calendar.