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US Accounting & Bookkeeping Services from India

Accounting support for US entities with an India-based finance function. CorporateWalla provides bookkeeping and accounting support for eligible US entities using supported accounting software, including QuickBooks Online. The service can also coordinate the accounting records of an Indian entity where there are intercompany transactions or shared finance requirements.

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50% upfront, 50% on delivery

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From ₹4,999/month. Current published starting professional fee. Final pricing depends on entities, transaction volume, currencies, reporting requirements, historical cleanup and agreed responsibilities. US CPA/tax-professional fees and software subscriptions are separate unless expressly included.

Who Is This Service For?

The service can be relevant to:

  • US LLCs
  • US corporations
  • US subsidiaries of Indian businesses
  • US businesses with an India-based finance team
  • Indian founders operating an eligible overseas entity
  • Businesses with US and Indian intercompany transactions
  • International businesses requiring monthly QuickBooks bookkeeping
  • Businesses transitioning their accounting workflow to QuickBooks Online

The appropriate accounting, tax and reporting treatment depends on the entity type, state, ownership, transaction structure and applicable US and Indian requirements.

What US Accounting Covers

Depending on the engagement, CorporateWalla can support:

  • QuickBooks Online bookkeeping
  • Bank reconciliation
  • Credit-card reconciliation
  • Accounts receivable
  • Accounts payable
  • Expense accounting
  • Revenue accounting
  • Journal entries
  • Month-end close
  • Profit & Loss
  • Balance Sheet
  • Trial Balance
  • Cash-flow information
  • AR/AP ageing
  • Management reporting
  • Multi-currency accounting where supported
  • Intercompany reconciliation
  • India-side accounting coordination
  • Accounting cleanup
  • Migration support
  • Coordination with US CPA/tax professionals

QuickBooks Online for US Entities

For eligible US entities, QuickBooks Online can be used as the accounting environment while an India-based team performs the agreed bookkeeping and reconciliation work.

The US entity retains control of its QuickBooks subscription and accounting data. CorporateWalla's professional service is separate from the software subscription.

The exact QuickBooks features available depend on the product, plan and current Intuit offering.

QuickBooks India vs QuickBooks for a US Entity

Intuit discontinued its India-specific QuickBooks offering.

An eligible US entity can maintain its own supported QuickBooks subscription for its US books while an outsourced accounting team in India works within that environment, subject to the product's current access and permissions.

For an India-only business selecting new accounting software, evaluate currently supported India-focused options such as Zoho Books, Tally Prime or another suitable platform instead.

Monthly US Bookkeeping Workflow

  • Collect bank, credit-card and payment-platform data.
  • Review source data and opening balances.
  • Record or import agreed transactions.
  • Reconcile bank and credit-card accounts.
  • Review AR and AP.
  • Record agreed accruals, prepayments or other adjustments.
  • Review intercompany transactions where applicable.
  • Complete month-end close.
  • Prepare agreed financial reports.
  • Document unresolved exceptions for follow-up.

Bank & Credit-Card Reconciliation

Reconciliation compares the accounting records with statements and identifies differences such as:

  • Unrecorded transactions
  • Bank fees
  • Duplicate entries
  • Timing differences
  • Incorrect classifications
  • Unmatched receipts
  • Unmatched payments

Reconciliation improves bookkeeping control but does not constitute an audit or assurance opinion.

US Accounts Receivable

AR support can include:

  • Customer invoice recording
  • Receipt allocation
  • Customer balances
  • Ageing reports
  • Outstanding-invoice review
  • Payment matching
  • Credit/adjustment records where applicable

Collection activity or legal recovery is separate unless explicitly included.

US Accounts Payable

AP support can include:

  • Vendor bill recording
  • Payment recording
  • Vendor reconciliation
  • Outstanding-bill ageing
  • Expense classification
  • Payment matching

Approval and payment authority should remain with the client's authorised personnel unless a different workflow is expressly agreed.

Monthly Financial Statements

Depending on the engagement, monthly reporting can include:

  • Profit & Loss
  • Balance Sheet
  • Trial Balance
  • Cash-flow information
  • AR ageing
  • AP ageing
  • Revenue reports
  • Expense reports
  • Management reporting

The reports are prepared from the accounting records and agreed accounting policies. They are not audited or independently assured unless a separate assurance engagement exists.

US GAAP & Accounting Framework

US entities may require financial reporting under US GAAP or another applicable framework depending on the entity, reporting purpose and professional requirements.

CorporateWalla can support bookkeeping and financial reporting workflows based on the agreed accounting requirements. Ordinary bookkeeping is not a US GAAP audit or assurance opinion.

Where specialised technical accounting or assurance advice is required, we coordinate with the appropriate US CPA or accounting professional.

Multi-Currency Accounting

International businesses may have:

  • USD functional currency
  • INR transactions
  • Foreign-currency bank accounts
  • Foreign-currency customer/vendor balances
  • Intercompany transactions
  • Exchange-rate differences

Where supported by the accounting software and engagement, the workflow can include foreign-currency transaction recording, reconciliation and exchange-difference reporting. See Multi-Currency Accounting.

Currency treatment should follow the entity's accounting policies and applicable reporting framework.

India-US Intercompany Accounting

Businesses with an Indian company and a US entity may have transactions such as:

  • Management fees
  • Software or service charges
  • Cost recharges
  • Employee/service-cost allocations
  • Loans or advances
  • Reimbursements
  • Other intercompany balances

The accounting records should agree between the entities and be supported by appropriate documentation.

Intercompany bookkeeping does not by itself establish the correct tax or transfer-pricing position.

Transfer Pricing Coordination

Where related-party transactions exist between Indian and US entities, transfer-pricing requirements may need specialist consideration.

CorporateWalla can support accounting records and coordinate with the relevant tax/transfer-pricing professional where included.

Routine bookkeeping is not transfer-pricing certification, an arm's-length opinion or legal/tax advice.

US Tax Return & CPA Coordination

CorporateWalla's accounting service is distinct from US tax return preparation and filing.

We prepare the books and coordinate with a US CPA for federal and state returns. CorporateWalla is not a US CPA firm.

Where a US tax return, state filing, tax opinion or specialised tax advice is required, the responsible US CPA or tax professional should be identified separately.

1099 & Contractor Records

For businesses using contractors, accounting records may need to track:

  • Contractor payments
  • Vendor/contractor details
  • Payment dates
  • Amounts
  • Supporting invoices
  • 1099-related information where applicable

Whether a particular contractor payment is reportable and which form or deadline applies should be determined under current US rules for the relevant tax year and recipient.

Payroll

Payroll creates additional accounting entries and compliance responsibilities. US payroll can involve:

  • Salary expense
  • Payroll liabilities
  • Employer taxes
  • Benefits
  • Payroll-service settlements

Payroll processing and US payroll-tax filings should not be assumed to be included in ordinary bookkeeping unless explicitly scoped and supported by the appropriate service provider.

Stripe, PayPal & Payment Platforms

US businesses may receive payments through Stripe, PayPal or other payment processors. Accounting can reconcile:

Customer transaction → processor → fees/refunds/adjustments → settlement → bank

The exact fields and reconciliation method depend on the payment platform and reports available.

Startup & SaaS US Entities

US SaaS and technology businesses may require:

  • Subscription revenue reporting
  • Customer receivables
  • Payment-processor reconciliation
  • Software/cloud expenses
  • Contractor accounting
  • Multi-currency transactions
  • Intercompany charges
  • Monthly management reporting

Revenue recognition should be determined according to the entity's applicable accounting framework and actual contractual arrangements.

US E-commerce Accounting

US e-commerce businesses may require:

  • Marketplace sales
  • Returns/refunds
  • Payment-gateway reconciliation
  • Inventory accounting
  • Shipping/fulfilment expenses
  • Sales-tax-related records
  • Marketplace fees

Sales-tax compliance is separate from bookkeeping unless explicitly included and assigned to the appropriate professional/service.

US Accounting Cleanup

If existing QuickBooks records contain issues, a cleanup or Accounting Health Check can be performed before recurring bookkeeping. Common issues include:

  • Unreconciled bank accounts
  • Old customer balances
  • Old vendor balances
  • Suspense balances
  • Duplicate transactions
  • Incorrect classifications
  • Unrecorded transactions
  • Historical bookkeeping gaps
  • Incorrect opening balances

Cleanup is separately scoped when substantial.

QuickBooks Desktop to Online

If the US entity still uses QuickBooks Desktop, a migration assessment can be performed before moving to QuickBooks Online.

CorporateWalla has a separate QuickBooks Desktop → Online Migration service covering:

  • File assessment
  • Migration planning
  • Supported data migration
  • Opening-balance verification
  • Post-migration reconciliation

Migration is not a guaranteed one-to-one transfer of every Desktop field or feature.

US Accounting vs QuickBooks Accounting

US Accounting is a geography/entity-focused service that can include broader India-US coordination.

QuickBooks Accounting is a software-focused service for eligible international businesses using QuickBooks.

US Accounting may include:

  • US entity bookkeeping
  • Indian entity coordination
  • Intercompany accounting
  • Multi-currency
  • CPA coordination
  • India-side accounting support where agreed

QuickBooks Accounting focuses primarily on the accounting work performed within QuickBooks.

US Accounting vs Foreign Subsidiary Accounting

Foreign Subsidiary Accounting is intended for an Indian subsidiary or other local entity that must maintain local books while reporting to a foreign parent.

US Accounting is primarily focused on eligible US entities and their accounting requirements.

Where an Indian subsidiary reports to a US parent, the Foreign Subsidiary Accounting service may be the more relevant option, potentially with US accounting support as a separate component.

Common US Accounting Problems

Avoid:

  • Treating US and Indian entity books as independent when intercompany transactions exist
  • Recording only net bank deposits
  • Ignoring payment-processor fees
  • Leaving bank accounts unreconciled
  • Mixing personal and business transactions
  • Recording intercompany charges without documentation
  • Assuming bookkeeping establishes transfer-pricing compliance
  • Treating bookkeeping as a tax-return service
  • Using unsupported QuickBooks products or old Desktop versions without reviewing migration requirements
  • Ignoring multi-currency differences
  • Making US tax assumptions based solely on Indian accounting treatment

Have a US entity and an India-based finance function?

Share your entity type, state, accounting software, monthly transaction volume, currencies and whether you also maintain an Indian entity. CorporateWalla can assess the bookkeeping, reconciliation, reporting and intercompany scope before proposing the appropriate accounting engagement.

CorporateWalla is not a US CPA firm, a US tax authority-approved preparer, an auditor or a substitute for specialised US legal/tax professionals unless a separate appropriately qualified engagement exists.

Transparent 3-tier pricing

Pick the speed and depth that matches your need. Same quality, same CA team — only the timeline changes.

Starter

₹4,999/month

Timeline: Monthly retainer

US entity bookkeeping in QuickBooks Online
Monthly bank and card reconciliation
Monthly financials
Indian entity books
GST/TDS-related Indian accounting support
Intercompany reconciliation
Consolidated view
QuickBooks Desktop → Online migration
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Standard

₹39,999/month

Timeline: Monthly retainer

Broader recurring accounting
US entity bookkeeping in QuickBooks Online
Monthly bank and card reconciliation
Indian-side books where included
GST/TDS-related Indian accounting support where applicable
Intercompany reconciliation
Multi-currency and FX-related accounting
Consolidated reporting
QuickBooks Desktop → Online migration

Pro

₹79,999/month

Timeline: Monthly retainer

Everything in Standard
Broader consolidated accounting support
Transfer-pricing documentation support where separately scoped
US CPA coordination
QuickBooks migration support
ODI/FEMA reporting coordination where applicable
Named accounting contact

Government fee — paid by you at actuals

QuickBooks subscription fees and US CPA/tax-professional fees are separate unless expressly included. The QuickBooks subscription is paid to Intuit by the client entity.

Every price above is a professional fee, excluding GST and government charges. 50% upfront, 50% on delivery.

Current published starting professional fee. Final pricing depends on entities, transaction volume, currencies, reporting requirements, historical cleanup and agreed responsibilities. Professional fees exclude GST and government charges, with 50% payable upfront and 50% on delivery. Package inclusions are confirmed in the engagement.

How it works

Step 1

Entity review

Identify entity type, state and accounting environment.

Step 2

QuickBooks access

Review QuickBooks product/plan and user access.

Step 3

Volume and reporting

Assess transaction volume and reporting requirements.

Step 4

India-US relationship

Review US and Indian entity relationship where applicable.

Step 5

Currency and intercompany

Identify multi-currency and intercompany requirements.

Step 6

Scope confirmation

Confirm bookkeeping, reporting and tax/CPA coordination scope.

Step 7

Opening balances

Complete opening-balance and historical-data review.

Step 8

Monthly bookkeeping

Begin monthly bookkeeping and reconciliation.

Step 9

Month-end close

Complete month-end close.

Step 10

Reporting

Deliver agreed reports and exception list.

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Documents required

QuickBooks Online administrator access
US bank statements
US credit-card statements
Stripe / PayPal / payment-processor reports
Prior trial balance
Previous financial statements
Customer and vendor records
Outstanding AR/AP
Loan documents where relevant
Investor agreements where relevant
Intercompany agreements
Indian entity accounting access where relevant
Prior tax-return financials where available
1099 information where relevant
Existing migration or cleanup documentation

Why CorporateWalla®?

India-based accounting team

Accounting support for eligible US entities, run from India within the agreed scope and client permissions.

QuickBooks bookkeeping

Transactions, reconciliations and month-end close maintained in your QuickBooks environment.

Indian-side coordination

Where an Indian subsidiary or team exists, its books can be coordinated with the US entity.

Intercompany accounting

Intercompany balances and charges tracked across entities, where included in the package.

Frequently asked questions

Yes, an India-based accounting team can provide bookkeeping support for an eligible US entity using its supported accounting environment, subject to client permissions and the agreed scope.

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