Managed Bookkeeping & Virtual CFO

Your Finance Team in India, Fully Outsourced: Cloud-based bookkeeping, monthly GST compliance, and global reporting standards.

Professional managed bookkeeping and virtual CFO services for businesses in India.

At BusinessSetup.in, we function as your Virtual Finance Department. We don’t just record transactions; we manage your entire Accounts Payable/Receivable cycle, ensure strict GST compliance, and provide you with monthly Management Information Systems (MIS) reports that make sense to your headquarters.

What We Offer

1. Cloud-Accounting & Global Mapping

  • Real-Time Access: We set up your books on modern, cloud-native platforms like Zoho Books, QuickBooks Online, or Xero. This gives you 24/7 visibility into your Indian financials from anywhere in the world.

  • ERP Integration: If your parent company uses SAP, NetSuite, or Oracle, we can map our Indian chart of accounts to your global cost codes, ensuring seamless consolidation at the group level.

  • Gap Analysis: We manage the conversion between Indian GAAP and IFRS/US GAAP for your reporting packages.

2. Monthly Tax Compliance (GST & TDS)

  • GST Filing & Reconciliation: We don’t just file returns; we perform a monthly reconciliation of your vendor invoices to ensure you claim 100% of your eligible Input Tax Credit (ITC), directly reducing your cash outflow.

  • Export Compliance (LUT): For service exporters (like IT/Software subsidiaries), we manage the Letter of Undertaking (LUT) filings, ensuring your export invoices remain zero-rated without payment of IGST.

  • TDS Management: We calculate and deposit “Tax Deducted at Source” on all vendor payments (Rent, Professional Fees, Contractors) to ensure you avoid interest penalties.

3. Virtual CFO & Reporting

  • Monthly MIS Packs: We deliver a standardized monthly reporting pack (P&L, Balance Sheet, Cash Flow, Burn Rate Analysis) by the 10th of every month.

  • Payables Management: We act as the gatekeeper for your funds. We verify vendor invoices, check for withholding tax applicability, and prepare “Payment Batches” for your approval—you keep control of the bank key, we handle the admin.

  • Budget vs. Actuals: We help you track your Indian burn rate against your approved budget, giving you early warnings on cash flow needs.

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