Accounting, Payroll and Outsourcing - Chartered Accountants in Delhi

Many businesses are too small to employ a qualified accountant and too large to manage without one. Outsourcing the function costs less than the salary of the person who would otherwise do it badly, and it puts the work in front of people who see the compliance consequences before they arrive.

Bookkeeping

We maintain books in the client's own accounting software, so that the records stay with the business and can be taken back in-house at any time. Accounts are reconciled monthly against bank statements, GST returns and supplier ledgers, rather than once a year when the auditor asks.

Monthly reconciliation is not an accounting nicety. Input tax credit is lost when a supplier's default is noticed late, and TDS defaults compound quietly, so the month in which an error happens is the cheapest month to catch it.

Payroll

We process salaries, compute and deposit provident fund, employees' state insurance and professional tax, file the returns each of those requires, and issue the annual statements employees need for their own tax returns. We also handle full and final settlement and the TDS consequences of joining and leaving mid-year.

Management reporting

We produce monthly accounts that an owner can act on: profit and loss against the prior period, receivables ageing, payables position and cash balance. The point is a figure early enough to change something, rather than a correct figure after the year has closed.

Finance function outsourcing

For businesses that want the whole function handled, we take on bookkeeping, payroll, statutory payments, compliance calendars and reporting as a single engagement, with a named person responsible and an agreed monthly timetable.

What outsourcing is worth

The honest case for it is not that it is cheaper than hiring, although it usually is. It is that compliance deadlines do not wait for a vacancy to be filled, and that a business which loses its only accountant in September discovers the cost of single-person dependence at the worst possible moment.

Questions and answers for this page

Will our books stay in our own software? Yes. We maintain the accounts in the client's own accounting software and the records remain with the business, so the work can be brought back in-house at any time without a migration.

How often should accounts be reconciled? Monthly. Bank, GST and supplier ledger reconciliation done each month catches input tax credit at risk from supplier defaults and TDS errors while they can still be corrected. Annual reconciliation finds the same errors after the window to fix them has closed.

What does payroll compliance involve beyond paying salaries? Computation and deposit of provident fund and employees' state insurance within the due dates, professional tax where the state levies it, deduction of tax at source on salary, quarterly TDS statements, and the annual statements employees need to file their own returns. Each has its own deadline and its own penalty for delay.

Is outsourcing suitable for a business with its own accountant? Often yes, in a split form. Day-to-day recording stays in-house while reconciliation, payroll, statutory payments and reporting are handled outside, which gives the business a second pair of eyes on compliance without duplicating the role.