Bookkeeping
Every sale, purchase, expense and bank entry recorded weekly and coded for GST and TDS.
All accounting & bookkeeping services
Accounting & Bookkeeping
Outsourced Accounting
FinAura runs your accounts function end to end: bookkeeping, vendor and customer ledgers, reconciliations, the monthly close and the reports that come out of it. You get the output of an in-house accounts team, reviewed by a Chartered Accountant, without hiring, training or replacing one.
- Reviewed by Chartered Accountants
- Zoho Books and Tally Prime
- Bangalore and across India
What is covered
What End-to-End Accounting Covers
Everything an in-house accounts team would do, run by ours and reviewed by a Chartered Accountant.
Payables
Vendor bills checked, recorded and scheduled, with TDS deducted and vendor ledgers kept clean.
Receivables
Invoices raised or recorded, receipts matched, and a customer ageing you can chase from.
Reconciliations
Bank, card, GST, vendor and customer balances reconciled every month, with differences explained.
Monthly close
Accruals, prepaid expenses and provisions booked so each month's profit is the month's real profit.
Monthly reports
Profit and loss, balance sheet, cash position and ageing, sent with a short note on what changed.
How the month runs
A Month of Accounting With FinAura
Close and report in week one, then pay, collect, record and match through the month.
Week 1
Close and report
- Accruals and provisions booked
- Every account reconciled
- CA review and sign-off
- Monthly pack sent
Week 2
Pay and collect
- Vendor payment run prepared
- Receivables follow-up list
- One list of queries
Week 3
Record and match
- Bills and invoices posted
- Receipts and payments matched
- Payroll entries posted
Week 4
Ready to close
- GST and TDS data checked
- Open items chased
- Nothing left in suspense
Your part
What You Send Us
- 01Sales invoices, or access to your billing tool
- 02Vendor bills and expense receipts as they arrive
- 03Bank and card statements, or a read-only feed
- 04Approval of each vendor payment run
- 05Answers to one short list of queries each week
Our part
What You Get Every Month
- A complete, current set of books in your own software
- Vendor payments prepared on agreed dates, with TDS handled
- A receivables ageing and a chase list every week
- Every account reconciled each month
- Monthly profit and loss, balance sheet and cash position
- A Chartered Accountant's review before anything reaches you
A common question
Outsourced accounting or an in-house accountant?
An in-house accountant gives you one person's time and one person's knowledge. When they are on leave, leave the job or meet something new, such as a tax notice or a fundraise, the work stops or goes wrong. Outsourcing gives you a team with a Chartered Accountant reviewing every month, for a fixed fee.
Many clients keep one person in-house for daily tasks such as collecting bills and approving payments, and hand the accounting itself to FinAura. Both setups work; we will tell you honestly which suits your size.
See Virtual CFO servicesAdviceWhat the numbers mean for your decisions
AccountingPayables, receivables, close, statements
BookkeepingEvery transaction recorded and matched
Who it is for
Businesses That Outsource Their Accounts to Us
Growing companies
Past the stage where the founder does the books, not yet at a full finance team.
Startups after funding
Investor-grade books and monthly reporting from the first month after the round.
Subsidiaries of foreign groups
Indian books kept to Indian rules, with reporting in the format the parent needs.
Family businesses
Moving from a trusted bookkeeper to a reviewed, documented process.
The rules, in plain English
What the Law Asks of Your Books
Companies Act, 2013
Section 128
Every company keeps books of account that give a true and fair view of its affairs, at its registered office or another place the Board decides, and preserves them for at least the eight financial years before the current one.
Official source: mca.gov.inCompanies (Accounts) Rules, 2014
Rule 3
Books kept electronically must stay accessible in India at all times, with a daily back-up on servers physically in India. For financial years starting on or after 1 April 2023, the accounting software must keep an audit trail of every change that cannot be switched off.
Official source: mca.gov.inCGST Act, 2017
Sections 35 and 36
Every GST-registered business keeps its accounts and records at its principal place of business and retains them for 72 months from the due date of the annual return for that year, or longer while an appeal or proceeding is open.
Official source: cbic-gst.gov.inIncome-tax law
Books and tax audit
Businesses and professions above the prescribed limits must keep books of account, and a tax audit follows above further limits. The limits change from time to time, so we confirm which apply to you before the year starts.
Official source: incometax.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
Outsourced Accounting Questions, Answered
What is included in outsourced accounting?
Bookkeeping, payables, receivables, reconciliations of every account, the monthly close with accruals and provisions, and monthly financial statements. A Chartered Accountant reviews each month before the reports reach you.
Will I lose control of my money?
No. We prepare payment runs and you approve them. Payments are released by you from your bank; we never hold banking passwords or move money.
Can you work with my existing accountant?
Yes. Many clients keep someone in-house for daily tasks. We agree who does what, and we review and close the books every month.
How quickly can you take over?
Usually within a few weeks. We first check where the books stand; if they are behind, we bring them current before starting the monthly routine.
Is outsourcing accounting safe?
Your books stay in your own Zoho Books or Tally Prime account, access is given to named people only, and work is reviewed by a Chartered Accountant. You can see the books at any time.
How much does outsourced accounting cost?
It depends on transaction volume, the number of bank accounts and GST registrations, and whether payroll and tax filings are included. After a short call we send a fixed monthly quote.
Often Taken Together
All 10 Accounting & Bookkeeping services01Accounting & BookkeepingBookkeepingDaily or weekly recording of sales, purchases, expenses and bank entries, with every entry coded to the right ledger and GST head.02Accounting & BookkeepingFinancial StatementsMonthly, quarterly and annual profit and loss, balance sheet and cash-flow statements, prepared in the Schedule III format where it applies.03Accounting & BookkeepingAccounting Clean-Up and BacklogBehind on your books? We bring them current, fix wrong classifications, rebuild missing periods and reconcile every account before normal monthly work starts.04Accounting & BookkeepingMulti-Entity and Branch AccountingSeparate books for each company, LLP or branch, kept on one chart of accounts so they can be read side by side or consolidated.05Accounting & FinanceFinance OperationsReconciliations, payables, receivables and a predictable month-end close.06Accounting & FinanceVirtual CFOA Chartered Accountant reading your numbers, planning cash and guiding decisions.