What outsourced accounting includes for an MSME in India
An outsourced accounting engagement for an Indian MSME is not just bookkeeping. Done properly, it covers the full operating rhythm of finance and compliance — with a single team accountable end-to-end.
1. Day-to-day bookkeeping
Transactional entry in Tally, Zoho Books or QuickBooks; bank reconciliation; ledger scrutiny; ageing tracking.
2. Statutory compliance
- GST computation and filing of GSTR-1 and GSTR-3B
- GSTR-2B reconciliation to catch missing vendor invoices
- TDS computation, monthly deposit and quarterly return filing
- Advance tax workings and quarterly deposits
- 26AS reconciliation
3. Management reporting (MIS)
A monthly MIS pack — P&L, cash flow, ageing, expense analysis — delivered by working day 10, so decisions get made on real numbers.
4. Vendor and payment coordination
Invoice verification, payment runs, e-invoices and e-way bills where applicable.
5. Handoff to your CA
Year-end books, tax audit pack and ITR data — packaged and ready for your licensed CA to sign off.
Not included
Statutory audit sign-off, legal opinions and formal certifications remain with licensed professionals. A good outsourced partner makes their work easier, not obsolete.
