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Monthly accounting, reconciliations, fixed assets, TDS and GST workings and reporting for the parent in US GAAP or IFRS, plus audit support, with onboarding in 3 days.
150+ Subsidiaries Incorporated · 150+ Regular Clients · Since 2016
An Indian subsidiary of a foreign company needs monthly bookkeeping under Indian accounting standards, bank and party reconciliations, a fixed asset register, TDS and GST workings, a monthly reporting pack for the parent in US GAAP or IFRS, and a statutory audit every year. AU Corporate, a New Delhi firm of Chartered Accountants and CPAs serving foreign parents since 2016, handles the seven monthly steps for a fixed monthly fee starting at USD 240, from bookkeeping and reconciliations to TDS and GST workings and parent reporting, with onboarding in 3 days.
Written and reviewed by Abhishek Jaiin, Chartered Accountant (ICAI Membership No. 544646) · Last reviewed:
An Indian subsidiary has to keep books under Indian law, close them every month for the group, and have them audited every year. Doing this with a part-time bookkeeper usually means late packs, reconciliation gaps and last-minute audit queries.
AU Corporate runs the whole cycle for you: bookkeeping, month-end close, reporting to the parent and audit coordination. Chartered Accountants and CPAs review the work, so your finance team abroad gets numbers it can rely on.
Seven services in the order they happen each month, plus audit support once a year. Each one feeds the next, so the numbers reaching your parent are already reconciled.
Recording of sales, purchases, expenses, payroll and other entries from your source documents, so the books are complete before anything else is checked.
Every bank account matched line by line to the books, with unmatched items followed up, so the cash balance is correct at month end.
Where required, balances matched with vendors and customers, so payables and receivables are confirmed before the books are closed.
New purchases capitalised, the asset register updated and depreciation worked out, so the balance sheet and the tax records stay in step.
Withholding tax liability worked out on payments to vendors, professionals, rent and salaries, with the amount due and the payment date flagged.
Output GST, eligible input credit and the net liability worked out from the closed books, ready for the return and payment.
MIS and financial statements in US GAAP or IFRS, with the intercompany balances reconciled, delivered on your group closing calendar.
Audit schedules, working papers and auditor queries handled, with the statutory audit coordinated from start to finish.
Five things to get started. Share them on day 1 and we complete the set-up in 3 days.
Bank statements or read-only bank access, and your existing accounting software or files.
Sales invoices, vendor bills, expense claims and payroll inputs, shared each month in a shared folder or through your software.
Your group chart of accounts, reporting template and consolidation calendar, so packs match your system.
For an existing subsidiary: prior audited accounts, tax returns and filings, so we can review the opening position.
One person in the subsidiary or parent who approves payments and answers our queries.
You share access and documents, and we do the set-up. By day 3 your subsidiary is on a fixed monthly calendar.
A short call to agree scope, then you share software access, bank statements and your parent's reporting template.
We review opening balances, map your chart of accounts to the parent's, and set up the asset register and the TDS and GST workings.
We confirm your named manager, the monthly closing calendar and the document checklist, and the first month's cycle starts.
The same seven steps every month, so your parent always knows when to expect the numbers.
Record the month's transactions in the books.
Reconcile every bank account.
Reconcile balances, where required.
Update the register and depreciation.
Calculate the withholding tax liability.
Calculate the net GST liability.
Send the MIS and parent pack.
Monthly accounting and bookkeeping starts at USD 240 per month. The final fixed fee depends on your volumes and the services you add, and we confirm it in writing before we start.
Not included: the statutory auditor's own fee, which is paid to the audit firm, and the filing of GST and TDS returns, payroll, FEMA and secretarial compliance, which are available as separate services from the same team. The fee depends on transaction volumes, number of bank accounts and employees, and the reporting frequency.
What is due, and when, for an Indian subsidiary with a 1 April to 31 March financial year. We track every date for you.
| When | What | How AU Helps |
|---|---|---|
| Every month | Books closed, MIS and parent pack | Prepared and delivered on your group calendar |
| Within 30 days of incorporation | Appointment of first auditor | Board resolution and ROC filing |
| 31 March | Financial year end | Year-end closing checklist and audit preparation |
| April–August | Statutory audit | Schedules, working papers, auditor queries |
| By 30 September | Financial statements adopted at the AGM | Finalised accounts, support for the AGM and ROC filing |
| Following the audit | Income tax return and transfer pricing | Audited accounts handed over to the tax team |
Dates reflect the standard Indian financial year (1 April to 31 March). Actual deadlines depend on your year end and can change, so we confirm them for your subsidiary.
What changes from one parent company to the next is the reporting framework, not the Indian books. Tell us what your group uses and we set the pack up that way.
Books kept under Indian standards, with the monthly pack restated to US GAAP and reconciled to the statutory numbers.
For parents that consolidate under IFRS or IFRS-based standards, with the pack mapped to your group's chart of accounts and template.
If your parent uses a local framework, such as Japanese or Chinese standards, tell us at the start and we confirm what we can support.
Closing dates, reporting currency and review calls set to your parent's consolidation deadlines and time zone.
Planning your India entry? See our guides by country:
Your books are only as good as the filings that sit on them. The same team handles GST, TDS, payroll, FEMA, transfer pricing and secretarial compliance, so everything agrees.
Straight answers to the questions foreign finance teams ask most. Can't find yours? Ask us in the form below.
Written and reviewed by Abhishek Jaiin, Chartered Accountant (ICAI Membership No. 544646) · Last reviewed:
This is general guidance based on Indian law and practice as at the date above. It is not advice for your specific case, and rules can change.
Tell us about your subsidiary, your parent's reporting format and roughly how many transactions you have each month, and we'll reply with a fixed monthly quote.