What is Offsite Accounting?
Offsite Accounting refers to a professional service where your books of accounts are maintained by an external team — not physically located in your office — but fully integrated with your day-to-day financial activities.
It is a modern, efficient way to manage financial records, compliances, and reports remotely, while you focus on your business.
How Offsite Accounting Works
- Step 1: Data Sharing - Your sales, purchase, expense, and bank data are shared securely via cloud, email, or software access.
- Step 2: Remote Processing - Professional accountants handle your bookkeeping, reconciliation, tax entries, and compliance filing from a central location.
- Step 3: Reporting & MIS - Periodic financial reports, cash flow statements, outstanding reports, and tax summaries are shared with you digitally.
- Step 4: Real-Time Communication - All clarifications and updates are handled via phone, WhatsApp, Zoom, or email — ensuring clear and prompt communication.
Scope of Work in Offsite Accounting
- Daily/Weekly Bookkeeping (Sales, purchase, expenses, and journal entries)
- Bank & Cash Reconciliation
- TDS, GST, PF/ESIC Records & Filings
- MIS Reports (Profit & loss, receivables/payables, inventory, etc.)
- Invoice & Payment Tracking
- Coordination with In-House Team for Bills and Documents
- Vendor/Customer Ledger Maintenance
- Support in Audit, Income Tax Return, and Year-End Closure
Suitable Platforms & Software
- Tally (Cloud/Desktop)
- Zoho Books
- QuickBooks
- BUSY
- Excel / Google Sheets (as per client setup)
- Bank statement auto-import tools and OCR utilities
Benefits of Offsite Accounting
| Cost-Effective | No need to maintain full-time in-house accounting staff. |
| Expert Handling | Experienced professionals manage books with compliance accuracy. |
| Access to Reports Anytime | Reports can be emailed or shared on cloud dashboards. |
| Scalable with Growth | Easily add services as your business expands. |
| Data Security | Strict confidentiality and data protection protocols in place. |
Who Uses Offsite Accounting?
- Startups and MSMEs with lean teams
- Business owners who want expert compliance without hiring in-house
- Exporters and manufacturers needing structured reporting
- Professionals and consultants
- E-commerce businesses with high transaction volume
