Keep your books accurate, your financial information organized and your management reporting useful with outsourced accounting support from CorporateWalla. Our accounting services can cover day-to-day bookkeeping, bank and ledger reconciliation, accounts payable/receivable support, financial statement preparation, MIS reporting, accounting software support and virtual accounting resources.
Accounting is not only about recording transactions.
A useful accounting system should help a business:
CorporateWalla can structure the accounting workflow according to the business's transaction volume, accounting software, industry and reporting requirements.
Accounting workflows can be built around commonly used platforms.
Useful for businesses already operating on Tally or requiring Tally-based accounting support. Best suited for trading, manufacturing, services and businesses with established Tally workflows.
Tally Accounting →Cloud accounting support covering setup, bookkeeping, reconciliation, reporting and process configuration. Best suited for growing businesses wanting cloud-based accounting workflows.
Zoho Books Accounting →Accounting support for businesses using QuickBooks, including bookkeeping and reporting workflows.
QuickBooks Accounting →Migration support for businesses moving from Tally to a cloud-based accounting workflow. Migration should include data mapping, opening balances, chart-of-accounts review and post-migration validation.
View Tally → Zoho Migration →Choose a focused service or build a recurring accounting workflow around your business.
The scope can be configured according to the business.
Recording sales, purchases, expenses, receipts, payments and other accounting transactions.
Matching bank transactions with the accounting ledger and identifying unreconciled items.
Tracking customer invoices, collections, outstanding balances and ageing.
Recording supplier bills, payment status and outstanding liabilities.
Maintaining accurate ledger balances and reviewing unusual or unreconciled entries.
Recording and classifying business expenses with appropriate supporting documentation.
Maintaining accounting records that can support GST return preparation and reconciliation.
Accounting and GST filing are separate workflows; accurate books can support the filing process but do not automatically make a GST return correct.
Recording payroll-related entries and coordinating accounting records with payroll data where applicable.
Maintaining fixed-asset records and depreciation schedules as required.
Reviewing ledgers, reconciliations, accruals, adjustments and other closing items according to the agreed workflow.
A recurring accounting process can follow a defined close calendar.
Sales, purchase, bank, expense and other accounting data.
Post transactions into the accounting system.
Bank, customer, supplier and relevant control accounts are reconciled.
Unusual balances, missing documents and unreconciled items are identified.
Agreed month-end adjustments and closing activities are completed.
MIS, management reports and accounting outputs are delivered according to the agreed scope.
| Business Need | Suitable Service |
|---|---|
| Need basic transaction recording | Accounting & Bookkeeping |
| Need recurring monthly support | Monthly Bookkeeping |
| Need an accounting resource | Virtual Accountant |
| Need management reporting | MIS Reporting |
| Need year-end/period-end close | Book Finalization |
| Need financial statements | Financial Statement Preparation |
| Need finance leadership | Virtual CFO |
| Using Tally | Tally Accounting |
| Using Zoho Books | Zoho Accounting |
| Using QuickBooks | QuickBooks Accounting |
| Moving from Tally to Zoho | Tally to Zoho Migration |
| Selling through marketplaces | E-commerce Accounting |
| Freelancer/consultant | Freelancer Bookkeeping |
| Early-stage company | Startup Accounting |
| SaaS/subscription business | SaaS Accounting |
Outsourced accounting can be useful for:
May provide close day-to-day control but involves recruitment, salary, leave coverage, training and management overhead.
Can provide access to an accounting team and defined processes without requiring the business to build the entire accounting function internally.
Some businesses retain an internal finance/admin person while outsourcing bookkeeping, reconciliation, finalization or MIS.
The right model depends on transaction volume, internal capability, control requirements and reporting needs.
A startup should establish accounting processes early rather than waiting until year-end.
A practical startup accounting system can cover:
Related services: Startup Accounting → · Virtual CFO → · Monthly Bookkeeping →
E-commerce accounting can require reconciliation across several systems:
Marketplace → Payment Gateway → Bank → Accounting Software → GST Records
Typical issues include:
Related service: E-commerce Accounting →
Accounting records provide the foundation for GST reconciliation, but accounting and GST compliance should remain separate control points.
A good workflow can compare:
Books → Sales Register → GST Returns → Purchase Register → GSTR-2B → ITC
This can help identify:
Related services: GST Registration → · GST Return Filing →
Well-maintained accounting records can support:
Accounting does not by itself determine the final tax treatment. Tax rules and taxpayer-specific facts still need to be applied.
Related service: ITR Filing →
A useful MIS should answer management questions rather than simply reproduce accounting ledgers.
Depending on the business, reports can include:
The exact dashboard should be designed around the business model and decision-making needs.
Related service: MIS Reporting →
Depending on the engagement and records available, accounting support can contribute to preparation/finalization of:
Statutory audit, where required, is a separate professional engagement and should not be implied by ordinary bookkeeping services.
Related service: Financial Statement Preparation →
A scalable accounting function should include controls such as:
The specific control framework depends on the business.
The onboarding checklist may include:
Entity, industry, transaction volume and reporting needs.
Accounting software, opening balances, reconciliations and outstanding issues.
Bookkeeping, monthly close, MIS, software, tax-linked accounting or other services.
Data-sharing process, deadlines, responsibilities and reporting format.
Transactions are recorded and key accounts reconciled.
Monthly close and management reports are delivered according to the agreed scope.
Accounting workflows can be coordinated with tax and compliance requirements.
Choose bookkeeping, monthly accounting, software support, MIS, financial statements or a broader outsourced accounting function.
Support can be structured around Tally, Zoho Books, QuickBooks and other agreed systems.
Bank, GST, customer, vendor and other reconciliations can be built into the workflow.
MIS can be designed around the metrics management actually uses.
| Service | Professional fee |
|---|---|
| Accounting & Bookkeeping | Scope-based quote |
| Monthly Bookkeeping | Scope-based quote |
| Virtual Accountant | Scope-based quote |
| Virtual CFO | Scope-based quote |
| Financial Statement Preparation | Scope-based quote |
| MIS Reporting | Scope-based quote |
| Book Finalization | Scope-based quote |
Accounting fees depend on transaction volume, number of bank accounts, number of GST registrations, number of entities, accounting software, payroll scope, reconciliation requirements, MIS complexity, month-end close requirements and industry complexity. Accounting services are scope-dependent. Bookkeeping, accounting, tax filing, audit, certification and financial advisory are different professional activities. The exact services delivered depend on the engagement scope, business records and applicable law.
Learn more before choosing an accounting service.
Accounting services cover the recording, classification, reconciliation, review and reporting of financial transactions and related financial information.
Outsourced accounting means engaging an external accounting team to perform some or all of the business's accounting activities.
Bookkeeping focuses primarily on recording and organizing transactions. Accounting includes broader activities such as reconciliation, review, financial reporting, analysis and interpretation.
Yes. Monthly bookkeeping can include transaction posting, bank reconciliation, ledger review and agreed monthly-close activities.
Yes. A virtual-accountant engagement can be structured around the business's transaction volume, software and required responsibilities.
CorporateWalla has dedicated service pages for Tally, Zoho Books and QuickBooks, as well as migration workflows such as Tally to Zoho.
Yes, subject to the data structure and migration scope. The process should include mapping, opening-balance validation and post-migration checks.
Yes. MIS can be configured around revenue, profitability, receivables, payables, cash flow, budgets and other business-specific KPIs.
Accounting records can support GST preparation and reconciliation, but GST return filing remains a separate compliance workflow.
Yes. Proper accounting records can support tax computation and ITR/tax-audit workflows where applicable.
It can be useful for startups that need organized books, monthly reporting and finance support without immediately building a large internal accounting team.
There is no single price for every business. Cost depends on transaction volume, software, entities, GST registrations, payroll, reporting and reconciliation scope. CorporateWalla provides a scope-based quote.
Yes. E-commerce accounting can include marketplace, payment gateway, returns, TCS, GST and settlement reconciliation.
No. Bookkeeping records and maintains accounting information. A statutory audit is a separate assurance engagement performed where required under applicable law.
Tell us your business type, accounting software, transaction volume and reporting requirements. CorporateWalla can help structure an accounting workflow around your business. Call 72783 76654. Mon–Sat, 10:00 AM – 7:00 PM IST.
