N D Savla & Associates — Header
Business Enquiries (24 Hrs): +91 98190 00511 +91 98218 32683 +91 91670 58000
ICAI Registered Firm · Est. 2010
Outsourced Bookkeeping Services Mumbai | CA Firm India
Bookkeeping

Outsourced Bookkeeping in Mumbai
CA-Managed Monthly Accounts on Tally and QuickBooks

Outsource bookkeeping to a Mumbai CA firm: monthly Tally or QuickBooks accounts, GST-matched records, payroll, MIS and audit-ready financial statements.

Part of our practice: accounting review

What Is Outsourced Bookkeeping?

Every business needs current, accurate accounts – but not every business needs to employ a full-time accountant to maintain them. For sole proprietors, startups, small manufacturers and professional practices that process a few hundred transactions a month, outsourced bookkeeping makes both financial and operational sense: professional-grade accounts maintained by a CA firm’s team, at a fraction of the cost of an in-house hire, without the management overhead of supervising an employee who may leave at year-end.

N D Savla & Associates provides outsourced bookkeeping services to businesses across Mumbai and India. We take over the entire accounting function – transaction entry, bank reconciliation, GST ledgers, payroll accounting, TDS tracking and monthly financial statements – working on your existing platform (Tally, QuickBooks, Zoho or others) or setting up new books from scratch.

This page explains what our outsourced bookkeeping service covers, how it is structured month-by-month, and how it connects to your GST filings, income tax return and year-end audit.

Outsourced bookkeeping is the complete delegation of a business’s accounting function to an external service provider. Unlike an accounting review – where the client’s in-house team does the entry and our CA team reviews – outsourced bookkeeping means our team does the entry, the reconciliation and the reporting. The client provides source documents (invoices, bank statements, payroll data) and receives a set of current, reviewed, ready-to-use accounts in return.

Crucially, outsourced bookkeeping from a CA firm is not the same as using a freelance accountant. Our team includes CA-supervised preparation at every level: GST classifications are checked against applicable rates; TDS entries include the correct deduction rates; depreciation is computed on Schedule II useful lives; and the monthly trial balance is reviewed before financial statements are issued. The accounts produced can go directly to the auditor, the bank or the GST portal without rework.

Note: Outsourcing bookkeeping to a CA firm creates a direct line between the accounts and the tax returns. GSTR-1 is prepared from the sales ledger we maintain. GSTR-3B is filled from the purchase and ITC ledgers we maintain. ITR is prepared from the trial balance we produce. There is no translation problem between what the accountant recorded and what the CA filed.

What Does Our Outsourced Bookkeeping Service Include?

01

Sales and purchase entry

with correct GST breakup, HSN/SAC codes and party-wise ledgers maintained monthly
02

Bank and cash reconciliation

for all accounts by the 10th of the following month
03

Accounts receivable and payable management

with monthly ageing statements
04

Payroll accounting

– salary entries, PF, ESIC, PT, income tax deductions; payslip support where required
05

TDS tracking

– payments subject to TDS are flagged, deduction entries made, challan records maintained for quarterly TDS return preparation
06

Fixed asset entries

– additions, disposals, monthly depreciation on Schedule II useful lives (or rates as agreed)
07

GST ledger maintenance

– output tax by rate, ITC by category, GSTR-2B matching before each GSTR-3B submission
08

Monthly trial balance and financial statements

– P&L, balance sheet and basic cash flow statement issued by the 15th of the following month
09

Year-end account finalisation

– all year-end adjustments, accruals, provisions and disclosure schedules prepared so the auditor can begin fieldwork without reconstruction

How Is Pricing Structured for Outsourced Bookkeeping?

Our outsourced bookkeeping engagement is priced on a monthly retainer basis, calibrated to the volume of transactions, number of bank accounts, payroll headcount and reporting requirements. We do not charge per-voucher or per-entry; the monthly fee is fixed for an agreed transaction band, so costs are predictable. The pricing model for common business profiles is as follows:

All our outsourced bookkeeping engagements include a monthly review by a qualified CA before the trial balance and financial statements are issued. This is the quality control that distinguishes our service from a standalone bookkeeper.

Business ProfileTypical Monthly TransactionsApproximate Scope
Sole proprietor / freelancer50–150 transactionsSales/purchase entry, 1 bank, basic P&L
Small trader / distributor150–500 transactionsFull ledger, 2–3 banks, GST, TDS, MIS
Small manufacturer300–800 transactionsFull ledger, multi-bank, payroll, inventory, MIS
Mid-size company (private limited)500–2000 transactionsFull scope, multiple banks, payroll, GST, virtual CFO support
Professional practice100–300 transactionsBilling, receipts, TDS, payroll, P&L by practice area

What Accounting Platforms Do We Use?

01

Tally Prime

Tally Prime is our default platform for most Indian SMB clients. Its GST module, statutory reports, TDS deduction tracking and audit trail features make it the most comprehensive Indian accounting software for compliance-first bookkeeping. We work on Tally Prime 4.0 and earlier versions, and can migrate data from legacy ERP9 data files if a client is upgrading.
02

QuickBooks Online

QuickBooks Online is preferred by startups, consulting firms and businesses with overseas clients or investors who want cloud-based access, bank feed automation and financial reporting in international formats. We are certified QuickBooks ProAdvisors and manage client books directly in the shared QuickBooks environment.
03

Zoho Books

Zoho Books is chosen by businesses already in the Zoho ecosystem (Zoho CRM, Zoho Projects) and by e-commerce businesses that connect to Shopify or Amazon through Zoho’s marketplace integrations. The native GST module in Zoho Books automates the GSTR-1 and GSTR-3B data population significantly.

How Has Outsourced Bookkeeping Evolved in India?

Outsourcing bookkeeping to CA firms was once rare in India – the norm was an in-house part-time accountant who worked on paper ledgers and produced books once a year for the auditor. The GST transition in 2017 changed the economics decisively: monthly returns required monthly books, and a part-time accountant without GST training was no longer sufficient. Businesses that had always managed with occasional bookkeeping found themselves needing structured monthly accounting – and the market for outsourced services expanded rapidly.

Cloud accounting (QuickBooks, Zoho Books) made outsourcing technically seamless: real-time data access meant the CA firm could work on the client’s books from a different office without physical document exchange. The pandemic years (2020-2022) normalised fully remote accounting engagement. Today, a manufacturer in Pune, a startup in Bengaluru and a trader in Surat can all have their books managed by a Mumbai CA firm without any visit to either party’s office, with source documents shared digitally and monthly accounts delivered to a shared drive.

What Is Our Outsourced Bookkeeping Process?

01

Onboarding

Chart of accounts is designed; opening balances are entered from the previous audited balance sheet; bank accounts are mapped; GST registration details are imported.
02

Monthly document collection

By the 5th of each month, the client sends invoices, bank statements, expense receipts and payroll data via a shared folder or portal.
03

Entries and reconciliation

All transactions are entered, classified and coded; bank accounts are reconciled by the 10th; GST-2B matching is done when the portal updates.
04

TDS and payroll

Payroll entries are made with correct deductions; TDS challan data is recorded; amounts due for quarterly TDS returns are tracked.
05

CA review

A qualified CA reviews the trial balance, key ledgers and GST position; corrections are made and documented.
06

Monthly financials

P&L, balance sheet and summary MIS are issued by the 15th; the client receives the final accounts and a brief commentary on key movements.
07

Year-end close

All accruals, provisions and year-end adjustments are processed; audit schedules are prepared; the auditor receives a clean set of books with supporting schedules.

Why Choose N D Savla & Associates for Outsourced Bookkeeping?

For the legal requirements around books of account under Indian law – Section 44AA of the Income-tax Act and Section 128 of the Companies Act – see www.incometax.gov.in for the income tax provisions.

CA firm, not an accountant service Every engagement is CA-supervised, meaning the accounts carry professional standing that standalone bookkeeper output does not.

GST-first approach Sales and purchase ledgers are designed and maintained for GSTR-1 and GSTR-2B reconciliation from day one, not retrofitted at year-end.

Audit-ready every month Year-end audit fieldwork takes a fraction of the time it would with scrambled books because every month is closed cleanly.

Fixed monthly fee No per-voucher surprises; predictable cost for predictable accounting.

Integrated with tax and GST Our GST return team and income tax team use the same books, ensuring GSTR-9, ITR turnover and audited financials all tell the same story.

Explore Our Wider Practice

These services connect directly with this engagement across the bookkeeping function:

Common Questions

What source documents does the client need to provide for outsourced bookkeeping?

Each month the client provides: all sales invoices issued, all purchase invoices received, bank statements for every bank account (current, savings, CC), credit card statements, expense receipts for cash payments, payroll input data (attendance, salary structure, variable pay), and any other relevant documents such as loan statements or TDS certificates received. These are shared digitally through a secure shared folder or our client portal.

Can outsourced bookkeeping handle multi-location or multi-GSTIN businesses?

Yes. We handle bookkeeping for businesses with multiple places of business, multiple GSTINs across states, and branch or depot structures. The chart of accounts is designed with location-wise segmentation, and GSTN-wise GST ledgers are maintained separately so GSTR-1 for each GSTIN draws from the correct sales data.

How is payroll handled in the outsourced bookkeeping model?

Payroll accounting includes recording salary entries, PF and ESIC deductions, professional tax deductions (in Maharashtra), income tax deductions (TDS on salary), and payment of net salary. We also prepare the monthly payroll register and TDS salary worksheet. Actual payment of salaries and statutory dues is made by the client; we provide the payment instructions and record the accounting entries.

What happens to my books if I need to switch accountants mid-year?

One of the advantages of outsourcing to a CA firm rather than an individual accountant is continuity. If the specific team member managing your books changes, the engagement transitions within our firm structure without disruption to your books or compliance calendar. The software data stays in your account (if cloud-based) or in our secure backup (if Tally), and there is no handover risk of the kind that arises when an in-house accountant leaves.

How long does it take to set up outsourced bookkeeping for a new business?

For a new business, setup takes three to five working days from the date we receive your incorporation documents, opening balance data and GST registration details. For a business transitioning from existing books, we need the last audited balance sheet and a brief period to reconcile opening balances – typically five to seven working days. By the end of the first month, the books are fully operational and the first monthly accounts are issued on schedule.

Speak with N D Savla & Associates

Chartered Accountants, Mumbai & Pune. Talk to our team about Outsourced Bookkeeping in Mumbai — scope, timelines and how the engagement is structured for your business.