What this covers
Running the finance function for a business that needs it to be reliable but does not need a full-time finance team. Books that close on time, payroll that runs, statutory dues paid before they fall due, and management numbers you can make a decision on — with someone accountable for all of it.
Statutory basis
Not a statutory service, so there is no single governing provision. The compliance it carries out sits under the Income-tax Act, 2025 — which came into force on 1 April 2026 and repealed the Income-tax Act, 1961 — the CGST Act, 2017, the Companies Act, 2013 and the labour statutes, and the accounting follows the applicable Accounting Standards or Ind AS. Where a period before 1 April 2026 is being closed or reopened, the old Act still governs it.
Who it applies to
Owner-managed businesses, Indian subsidiaries of foreign companies that need a local finance presence, and companies between an accountant and a finance head. It is not available where we are the statutory auditor of the same entity — that is a prohibited combination, and we will say so rather than take both.
What we do
- 1Review the current books, close any open periods and agree a chart of accounts that will still work at three times the size.
- 2Set the monthly calendar: close date, payroll date, statutory payment dates, reporting date.
- 3Run the monthly cycle — bookkeeping, bank and credit reconciliation, payroll, goods and services tax and withholding payments and returns.
- 4Produce the management pack: profit and loss against budget, balance sheet, cash flow, ageing of receivables and payables, and the two or three numbers that actually drive your business.
- 5Hold a monthly review on the pack, and flag what needs a decision rather than only reporting what happened.
- 6Maintain the compliance calendar and give notice before each date, not after it — including, in the first year under the new income-tax law, confirming the current form rather than repeating last year's.
What you receive
- Monthly pack
- Management accounts, cash flow and ageing, on an agreed date each month.
- Compliance record
- Returns filed and dues paid, with acknowledgements, tracked on one calendar.
- Clean books
- Reconciled ledgers that an auditor or a lender can work from without a rebuild.
Documents and information required
Access to accounting software and bank statements · sales and purchase records · employee master with salary structure · existing chart of accounts and last closed trial balance · goods and services tax, withholding and provident fund registrations and portal access · loan agreements and repayment schedules · budget or plan for the year if one exists.
Key dates
Set by your entity rather than by one statute: tax deducted by the 7th, goods and services tax by the 11th and 20th, provident fund and insurance by the 15th, advance tax quarterly, and the annual filings. The calendar is built from the registrations you actually hold, and for tax year 2026-27 each income-tax date and form on it is confirmed against the Income-tax Rules, 2026.