Service

Outsourced accounting, without losing control of your numbers

Outsourcing means an outside provider does agreed accounting work under a contract, in place of or alongside your own staff. The hard part is rarely the entries. It is the handover, the routine and who holds the keys.

Sources checked November 2026. Based on the official and published sources cited here. For your own case, Deepak Mittal reviews the position with you directly.

What a working month looks like

Ask any provider to show you their version of this. The order matters more than the exact dates, which you should set together, working back from your filing dates.

  1. You send

    Bank statements, bills and notes, using an agreed method.

  2. They record

    Entries are made and items they cannot classify are listed.

  3. You answer

    You clear queries promptly. Delay here causes most missed dates.

  4. They reconcile

    Bank, parties and, if in scope, GST and TDS records are matched.

  5. You review

    You receive reports and approve anything to be filed.

  6. They file, if in scope

    Filings are made, and acknowledgements are shared with you.

Who is responsible for what

Use this as a starting draft for your written scope. The right-hand column is the one people forget.

AreaYouProviderDecide in advance
Source documentsComplete and on timeChase what is missingWhat happens if they arrive late
Accuracy of entriesAnswer queries honestlyRecord and checkWho fixes errors, and at whose cost
ReturnsRemain responsible for what is filedPrepare, and file if engagedWho approves before filing
PaymentsApprove and make themTell you what is dueWhether they ever get bank access
Software and dataOwn the licence and dataWork in it under a named loginBackups and storage
ReportsRead them and actDeliver on the agreed dateWhich reports, and in what format

Handing over without a gap

  1. Choose a cut-off date and get closing balances from your current person.
  2. List every recurring filing and who has been doing it.
  3. Move logins and the data file into your name and contact details.
  4. Give the provider separate access, not your password.
  5. Run the first month with extra checking, then remove old access.
  6. Note any open notices or disputes, so nothing is lost.

Compared with hiring

Outsourcing tends to fit when
Volume does not justify a full-time role, records are digital, and you want a repeatable process.
Hiring tends to fit when
There is daily on-site work such as bills, cash or stock, and enough of it to fill the role.
A mix tends to fit when
Someone inside records daily, and an outside professional reviews and files.

A fuller comparison is in bookkeeping vs outsourced accounting.

Agree these in writing

  • Services included and excluded
  • Volume limits, and what happens above them
  • Monthly dates for each side
  • Named contact, and who reviews the work
  • Confidentiality and where data is stored
  • Notice period, and what is handed back at the end

What affects the fee

  • Number of transactions, accounts and registrations
  • Backlog to clear first
  • Stock, branches or payroll in scope
  • Frequency and depth of reports
  • Filings included, and any notice work excluded

Compare fees on the same written scope.

What outsourcing does not change

  • Your legal responsibility. Your returns remain yours, even when someone else prepares them.
  • Reserved work. A statutory audit, for example, must be done by an eligible independent auditor. See who can do what.
  • The need to look at your numbers. Reports that no one reads protect no one.

Considering outsourcing your accounts?

Tell us what you have now, your rough monthly volume, and what you want to hand over.