Outsourced Accounting India | Thakur & Associates

Accurate books, closed on time, are the floor — not the deliverable. Our accounting service is built to get a business past the point where bookkeeping is a monthly scramble, and into a position where the numbers are current enough to make a decision from at any point in the month, not just after the close.

Bookkeeping and transaction processing

Accounts payable and receivable
Bank and credit card reconciliation
Fixed asset register
Inventory accounting

Monthly close and MIS

Monthly close checklist
Management Information System (MIS) reporting
Budget vs actual tracking
Departmental or cost-centre reporting

Statutory books and audit readiness

Books maintained in the statutory format
Schedule III-compliant financial statements
Audit liaison
Related-party and intercompany reconciliation

Reporting for a foreign parent

For subsidiaries reporting into an overseas holding company, we maintain a second reporting layer alongside statutory books — management accounts mapped to the parent’s chart of accounts, in the parent’s reporting currency and on the parent’s close calendar, so the Indian entity is never the reason group consolidation is delayed.

Who this is for03 scenarios

A founder-led manufacturing business whose books are current but whose owner has no monthly view of margin by product line.
The Indian subsidiary of a US technology company, needing statutory books for Indian compliance and a second set of management accounts formatted for the parent's consolidation.
A funded startup preparing for its first institutional round, whose books need to move from founder-maintained spreadsheets to a defensible, reconciled ledger before diligence begins.

How we engage04 steps

Step 01 of 04
Books review
we assess the current state of the ledger, flag reconciliation gaps and agree what needs to be corrected before the ongoing cycle starts.

What you receive

monthly management accounts (P&L, balance sheet, cash flow), a reconciled general ledger, an audit-ready file at year-end, and a documented close calendar.

Why work with us03 reasons

Books built for a decision, not just a filing
MIS is written to answer the questions a founder or board actually asks, not just to satisfy a statutory format.
A close that holds under audit
Because the same team maintains the books through the year, year-end audit finds far fewer surprises than a books-cleanup-then-audit approach.
Fluent in dual reporting
We routinely maintain Indian statutory books alongside parent-company management reporting, so nothing gets lost in translation between the two.

Frequently asked questions05 questions

Common questions, answered directly.

The queries that come up most often on accounting engagements — answered plainly, without the hedging.

Still have a question? Contact us

What accounting software do you work with?

We work with Tally, Zoho Books, QuickBooks and SAP Business One most frequently, and can operate within whichever system your business already uses. Where a business is starting fresh, we recommend a platform based on transaction volume, multi-entity needs and whether MIS reporting needs to integrate with a global parent's systems.

How quickly can you close our books each month?

Once a business is on a stable process, we target a close within seven working days of month-end. The first two to three cycles typically take longer while prior-period gaps are closed and reconciliations are brought current — we scope this explicitly at onboarding so there are no surprises.

Can you take over accounting mid-year from our current bookkeeper or a departing finance hire?

Yes, and it is one of the more common ways engagements start. We begin with a books review to identify what needs to be corrected or reconstructed before we take over the monthly cycle, and flag anything that needs disclosure to auditors or management before we proceed.

Do you handle multi-entity or multi-currency accounting?

Yes. For groups with an Indian subsidiary reporting into a foreign parent, we maintain books in the local statutory format for Indian compliance while producing management accounts formatted for consolidation into the parent's reporting currency and chart of accounts.

Is this different from your Assurance service?

Yes — accounting is the ongoing bookkeeping, reconciliation and reporting cycle; assurance is independent audit and attestation of those books, which by professional rule must be performed by a different engagement team to preserve independence.

Explore

Other Services.

Every practice the firm runs, less the one you are reading. Each is scoped to stand on its own, and coordinated so nothing falls between compliance and strategy.