InCorp India is a leading provider of Business Solutions
Accounting & Book-Keeping
InCorp India is a leading provider of Business Solutions
Accounting & Book-Keeping
Advisory Services offered by InCorp India
Accounting & Book-Keeping
Keeping track of your company’s finances is crucial. Thus, we at India Company Incorporation believe that delivering up-to-date insight into your business is a key to making informed decisions. India Company Incorporation will handle your finance and accounting process, analyze your financial data, and bring all the figures together in timely financial reports.
As an essential component of our India incorporation services, our team of over 380 professionals collaborates to manage clients' books of accounts monthly. By adhering to 22 SOP frameworks, we deliver exceptional accounting services that reduce operational costs by 30-50%.
Our skilled team of accountants is proficient in international accounting software such as Xero, QuickBooks, Zoho, Sage, and FreeAgent, as well as local software like Tally.
- Accounts payable and accounts receivable
- Management accounting
- IndAS and IFRS translation
- Audit support services.
- Preparation of Financial Statements
- Implementing Systems & Processes
- Financial Planning
- Credit Control
- Support in Budgeting & Forecasting
- Financial Analysis Reports
- Automation of payment for day to day routine transactions
FAQs
Foreign businesses need :
- Maintenance of books of accounts as per Indian GAAP
- Preparation of financial statements: Profit & Loss account, Balance Sheet, and Cash Flow Statement as per Indian GAAP.
- Preparation of financial statements: Profit & Loss account, Balance Sheet, and Cash Flow Statement as per IFRS.
Foreign companies have to maintain their books of accounts in India for the Indian financial year which begins on 1st April and ends on 31st March of the following year.
Foreign companies can use various accounting software solutions to maintain their books in India. Tally Prime is one of the most widely used, especially among small and medium-sized businesses, due to its features like GST compliance, inventory tracking, and comprehensive financial reporting.
Other popular options include Zoho Books, QuickBooks, and Sage, which offer cloud-based functionality and cater to different business needs. Companies may also opt for other cloud-based accounting software as long as they meet regulatory and compliance requirements in India.
GAAP stands for Generally Accepted Accounting Principles. It is a standardized framework of accounting rules and guidelines used for financial reporting.
A Virtual or Interim CFO is an experienced finance professional who works with your team on to provide strategic guidance and oversight on financial matters. They act as an on- the-ground resource to help achieve your business’s financial objectives without the need for a full-time CFO.
India Company Incorporation (ICI) can help by offering flexible vCFO solutions tailored to your business needs, giving you access to senior financial expertise when you need it.
A Virtual CFO can handle a wide range of financial functions, including budget planning, tax management, cash flow monitoring, financial analysis, and reporting oversight. They work alongside your existing finance team to strengthen controls and drive growth- oriented decisions.
ICI’s vCFO team can provide customised service packages covering these areas, ensuring your financial operations remain efficient and compliant.
Our Services
Comprehensive India Entry Services
Valued Partners
Together with our valued corporate partners, we are shaping industry advancements and creating lasting impact through collaboration.
Expert Accounting Services for Foreign Businesses Setting Up in India
Establishing a presence in India offers immense growth opportunities. However, managing financial records in a new jurisdiction can be complex. Our specialised accounting services are designed exclusively for foreign enterprises entering India. We ensure your financial systems are compliant, transparent, and strategically aligned with your expansion goals.
Whether you are based in Mumbai, Maharashtra or any remote areas, InCorp with its direct presence in Mumbai, Delhi, Chennai, Bangaluru, and GIFT City, can provide customised Accounting and bookkeeping services that simplify your operations and build a strong foundation for long-term success.
Why Foreign Businesses Need Professional Accounting and Bookkeeping Services in India
Entering the Indian market requires compliance with local accounting standards and regulatory requirements that differ from global practices. Professional company accounting services in India will help you to:
Navigate India’s Regulatory Landscape:
Indian accounting and tax regulations require precise adherence to avoid penalties and legal complications. Our experienced accounting consultants guide you through these complex requirements.
Build Transparent Financial Practices:
Accurate bookkeeping and financial reporting enhance credibility with Indian regulators, investors, and business partners, which is essential for gaining trust in a new market.
Enable Informed Decision Making:
Timely financial data and analysis from expert accounting services empower your management to make strategic decisions aligned with India’s dynamic market conditions.
Manage Multilocation and Multicurrency Operations:
Our experts manage the complexities of financial management across Indian states and international transactions, providing tailored solutions to meet foreign business needs.
Ensure Seamless Integration with Tax and Compliance:
Coordinating your accounting with GST, corporate filings, and statutory compliance reduces risks and enhances operational efficiency.
Our Tailored Accounting and Bookkeeping Services for Foreign Enterprises
InCorp India offers a comprehensive range of business accounting services tailored to the unique challenges and demands of foreign companies operating in India. We provide customised solutions that ensure regulatory compliance and financial transparency. Our accounting and bookkeeping services help facilitate smooth operational integration, enabling businesses to focus on growth and success:
Setup and Implementation of the Indian Accounting Framework
We set up accounting systems aligned with Indian GAAP and applicable IFRS standards through our offline and online bookkeeping services, ensuring your financial data meets statutory and investor requirements from day one.
Cloud-Based Online Accounting and Bookkeeping Services
Our secure online accounting services provide remote access to your financial information, enabling foreign headquarters and local teams to collaborate seamlessly and transparently.
GST and Tax Accounting Integration
Our online bookkeeping services integrate your records with GST filings and tax compliance. This automation streamlines statutory reporting and minimises errors.
Payroll and Statutory Reconciliation
Our services encompass salary accounting, statutory contributions, and compliance with Indian labour laws, enabling you to manage your workforce efficiently.
Management Reporting and Financial Analysis
Receive customised reports that provide insights into the financial health of Indian operations, supporting effective budgeting and forecasting.
Our Accounting Service Process for Foreign Businesses in India
We follow a collaborative and structured approach to seamlessly integrating accounting processes into your India operations. Our methodology ensures that your financial management aligns with local regulations while supporting your global business objectives.
Financial Needs Assessment:
We thoroughly review your existing global accounting practices and Indian regulatory requirements. This helps us design a customised accounting framework tailored to your specific business needs in India.
Tailored Implementation:
Our team implements accounting processes and integrates technology solutions aligned with your business structure and reporting expectations. This ensures efficiency and compliance from the outset.
Ongoing Bookkeeping & Record Maintenance:
We manage daily bookkeeping, maintain accurate financial records and prepare timely reports. This ongoing accounting bookkeeping service supports smooth financial operations and regulatory compliance.
Coordination with Tax and Compliance Teams:
Our accounting professionals collaborate closely with your tax consultants and compliance advisors. This integrated approach ensures all financial activities comply with India’s statutory requirements.
Continuous Monitoring & Advisory:
We actively monitor changes in Indian accounting standards and regulatory updates to ensure compliance. Our proactive advice helps you adjust your accounting practices to ensure full compliance and strategic alignment.
Challenges Foreign Businesses Face in Indian Accounting & Bookkeeping And How We Help
Navigating Indian accounting requirements can be complex, particularly for foreign businesses unfamiliar with local standards. We offer expert business accounting service solutions to help you overcome common challenges effectively.
Adapting to Indian Accounting Norms:
Adapting to Indian Accounting Norms:
India’s accounting standards may differ significantly from those of your home country. Our accounting services in India help you understand and bridge these differences, ensuring accurate and compliant financial reporting.
Building on this, our accounting services in India provide expert guidance on local tax laws and statutory obligations, ensuring your financial processes fully comply with India’s regulatory framework. Our support guarantees that your financial statements are precise, transparent, and aligned with reporting standards, minimising compliance risks while enhancing trust and confidence among stakeholders.
Handling Complex Multi-Location Accounting:
For businesses operating across multiple Indian states and internationally, our accounting services in India manage consolidation and currency complexities. This ensures you always receive clear and consistent financial data.
Our online accounting services enable seamless access to your financial information from anywhere, streamlining multi-currency transactions and inter-state reporting. By centralising your accounts digitally, we provide real-time insights, simplify consolidation, and enhance decision-making, ensuring your business remains efficient and compliant across all operations.
Ensuring Data Security in Online Platforms:
We use secure, compliant cloud-based platforms as part of our online accounting services. These protect your sensitive financial information while adhering to India’s data privacy regulations.
These platforms also enable real-time collaboration between your team and our experts, making our accounting and bookkeeping services more efficient and accurate. By combining security with accessibility, we ensure your financial processes remain transparent, timely, and fully compliant with India’s regulatory standards.
Aligning Accounting with Tax Compliance:
Our online accounting services ensure your records seamlessly support GST filings, tax returns, and other regulatory submissions. This reduces discrepancies and minimises risk.
Our bookkeeping services in India complement these online accounting solutions by maintaining precise, up-to-date records for all transactions. This ensures smooth audits, accurate compliance reporting, and reliable financial insights, helping your business stay fully aligned with statutory requirements.
Scaling Accounting as Your India Business Grows:
Our accounting solutions adapt to increased complexity as your operations expand, maintaining accuracy and compliance throughout your growth journey.
Our business accounting service scales alongside your expansion, integrating advanced tools and expert support to handle larger transaction volumes and diverse regulatory requirements. This ensures your financial management remains precise, compliant, and insightful, empowering informed decisions at every stage of growth.
Why Foreign Enterprises Choose InCorp India for Accounting Services
Our combination of local expertise, global standards, and advanced technology uniquely positions us as the preferred accounting partner for foreign enterprises entering India.
Deep Understanding of Foreign Investor Needs:
We specialise in addressing foreign businesses’ unique challenges in India, providing accounting solutions customised for multinational operations.
Flexible & Scalable Services:
We deliver solutions that adapt to your business needs, with top bookkeeping services in India, ensuring efficiency in complex, multilocation accounting requirements.
Advanced Technology & Online Access:
Leveraging cloud-based platforms, we offer secure, transparent access to your financial data, facilitating collaboration between your India teams and global headquarters.
Integrated Advisory with Tax & Compliance:
We coordinate closely with your tax consultants and compliance advisors to deliver holistic financial management aligned with statutory obligations.
Strong Local Presence:
With offices strategically located in Mumbai, Delhi, and Bengaluru, we provide prompt and region-specific support to address your accounting needs effectively.
Secure Expert Accounting Services for Your India Operations
Partner with InCorp India for reliable, compliant, and comprehensive accounting and bookkeeping services for foreign businesses establishing themselves in India. Contact us today to discover how we can help you streamline your financial management with confidence and precision.
