Outsource Accounting Services in Bangalore!

Let the experts manage your accounts with Outsource Accounting Services in Bangalore while you focus on growing your busines..

Recognized BY

95%

accuracy achieved in our client’s books of accounts.

70%

of your time saved when we manage these activities.

10M

saved in costs by tracking expenses correctly and through reporting.

90%

more clarity on your books of accounts.

How Savage & Palmer can help you save time & money

Ownership & Accuracy

We’re structured like your own in-house team so that you can focus on growing your business. With our team of managers reviewing and closing the books monthly we boast a high level of accuracy in the books and ensure no transaction is missed.

Structured Reporting

We provide you with month on month reports with actionable insights so that you know the financial health in your company and can focus on resolving any problem areas.

Compliance Management

With our robust processes you will not miss a single compliance filing and avoid those hefty penalties.

Ownership & Accuracy

Structured Reporting

We provide you with month on month reports with actionable insights so that you know the financial health in your company and can focus on resolving any problem areas.

Compliance Management

With our robust processes you will not miss a single compliance filing and avoid those hefty penalties.

And a lot more...

We’re trusted by over 1000 businesses

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Other Services

Increase Your Sales

By marketing your business online.

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Build Your Team

By ensuring that you hire only the best.

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Frequently asked questions | Accounting Services in Pune

Why we provide accounting services?

WE ARE HERE TO ENABLE ENTRUEPRENUERSHIP

Business owners have multiple challenges with their business - managing their accounts team is one of them.
The options available for an entrepreneur are CA firms or in-house team, both of which have their own challenges.
Biz owner ends up spending alot of time and effort managing the team,which can be saved by availing our accounting services.
As accounts is non -core, this is a waste of time for him/her, resulting in less focus on the most critical activity ie growing the biz.
Hence we started SavPalm to help them manage this process by providing accounting services so they can focus on growing the biz.

How are we better than CA firms at providing accounting services?

The general issues you will face with your CA are:

Their accounting services have a very traditional approach and are not customer centric.
They are more focused on tax filings and audit hence not really focused on maintaining your books and data entry.
They don't share reports with you on a timely basis.
They have article clerks do the work - they keep changing every few quarters and hence there is no stability.
Generally during audit season also your own accounts can get ignored.

This invariably leads to you spending time on your accounts instead of growing your business, which can be avoided by availing our accounting services.

How are we better than In house teams at providing accounting services?

The general issues you will face with your inhouse teams are:

No trained manpower in the market also no expertise in hiring the right accountant.
Managing and retaining the accountant.
Accuracy Issues in the books of accounts.
Coordination with your CA to share the tax calculations which can invariably lead to penalties.
You are dependent on a company for all your accounting services not on a person.

This invariably leads to you spending time on your accounts instead of growing your business, which can be avoided by availing our accounting services.

How are we better than our direct competitors at providing accounting services?

Our accounting services are better through our:

People - Training, Development and General Expertise.

Processes of our accounting services: RC, QC, Fortnightly Reports, Operations Team, Onboarding team and checklist, Incident Tracker

Technology: WA, Basecamp, Google Drive.

Apart from the same:

our accounting services close the books of accounts on a monthly basis.
We handle GST 2A Reco and TDS reco every month and quarter respectively.
We share MIS reports for actionable insights on a monthly basis.

Benefits of FMS, which is offered in our accounting services?

A business owner does not need to worry about hiring, training and retaining his accounts team.
We handle the accounts end to end using our processes and checklists.
Savage & Palmer’s accounting services are responsible for all data entered as well as the taxes filed.
All reports are shared at the end of the month.

Benefits of RR, which are offered in our accounting services?

The promoter does not need to worry about reviewing the books and worrying about tax penalties.
All tax filings are handled by the manager.
MIS reports are shared by the manager.

Benefits of Staffing?

The business owner does not need to focus on constantly hiring the executive.
our accounting services provide trained manpower to the client and constantly focus on developing them.
Incase the executive/manager that is staffed leaves the company we replace them and make sure handover is given between the 2 resources.
The client does not have to worry about retaining the employee since that is our focus/responsibility.

What is Themis and how are you associated?

Themis was a company formed by Nibhrant about 7 years back. Mihir our co founder used to work there and head sales. Post seeing that there was a major gap in the market - Mihir and Rehan decided to start Savage & Palmer and collaborate with Themis to work with clients. Today all Themis clients and employees have merged into SavPalm.

How are you different from Themis?

Themis used to work as a middleman with a POD model where they would generally outsource the accounting services to other CAs. This was cost effective for the customers but quality took a beating. Hence, in Savage & Palmer we hire our own in house accountants to provide accounting services to the clients with more quality checks over the time period.

What are outsourced accounting services?

Outsourced accounting services refer to the practice of hiring a third-party accounting services company to handle all or some of your accounting activities. This can include tasks such as bookkeeping, payroll, financial reporting, tax preparation, and more.

Why should I consider outsourcing my accounting?

There are several benefits to outsourcing your accounting. One main benefit is that it allows you to focus on growing your business. By hiring a professional accounting services company to handle the back-end financial tasks, you can free up time and resources to focus on developing new products, expanding your customer base, and overall business growth. Additionally, outsourcing your accounting can also help to improve the accuracy and efficiency of your financial processes, as the accounting services company will have a team of trained and experienced professionals handling your finances.

How is outsourcing your accounting to Savage & Palmer's outsourced accounting services better than building your own in-house team?

Outsourcing your accounting to Savage & Palmer's outsourced accounting services can be a more cost-effective and efficient option compared to building your own in-house team.

First, hiring and training a team of accounting professionals can be time-consuming and costly. By outsourcing to Savage & Palmer's outsourced accounting services, you can access a team of trained and experienced professionals without the need for recruiting, training, and onboarding.

Additionally, building your own in-house team can also lead to retention issues. It can be difficult to attract and retain top accounting talent, especially if you are a small or medium-sized business. Outsourcing to Savage & Palmer's outsourced accounting services ensures that you have a dedicated team working on your finances at all times, without the need to worry about employee turnover.

Finally, outsourcing your accounting to Savage & Palmer's outsourced accounting services can free up time and resources for you as a founder to focus on growing your business. Building your own in-house team requires setting up processes and systems, which can be time-consuming and distract you from your core business activities. By outsourcing to us, you can have peace of mind knowing that your accounting is being handled by professionals, allowing you to focus on driving your business forward

I use a CA Firm & pay 30k annually. Why should I use Savage Palmer’s accounting services?

The general issues you will face with your CA are:

they have a very traditional approach and are not customer centric.
They are more focused on tax filings and audit hence not really focused on maintaining your books.
They don’t share reports with you on a timely basis.

This invariably leads to you spending time on your accounts instead of growing your business, which can be avoided by availing our accounting services. This is exactly when we come into the picture, generally about 50% of our clients are startups and we help them handle their books right from the very base and once that is strong (just like a building) we will then build on it and grow the team with you as you grow.

I have an Inhouse team. Why should I use Savage Palmer’s accounting services?

The general issues you will face with your inhouse teams are:

No trained manpower in the market.
Managing and retaining the accountant.
Accuracy Issues in the books of accounts.
Coordination with your CA to share the tax calculations which can invariably lead to penalties.

This invariably leads to you spending time on your accounts instead of growing your business, which can be avoided by availing our accounting services.

We have a CA + In house team. Why should I use Savage Palmer’s accounting services?

XYZ that is the general market trend - all companies have a CA firm and an inhouse team. However, you can face a lot of issues like miscommunication between the two, managing your team and reviewing the work as well as dealing with your CA who isn't really customer centric. Our accounting services on the other hand handle everything end to end all the way from your data entry, tax filings and MIS reports so that you can focus on growing your business.

I have already outsourced my accounts to another firm and have a contract with them for x months. Why should I switch to Savage Palmer’s accounting services?

Sure thats understandable - what is your general notice period with them? Would it be 1-2 months? Since generally you would have a notice period - what we could do is sign you on and then get the team ready during the notice period - your billing will only start once we kick off operations. Post that we can take handover and ask your current team to move out. When we start our accounting services for you, we come in with our on boarding team. The main purpose of the on boarding team is to ensure that systems and processes are set for complete data flow between the executive as well as the management team who will be handling all your tax compliances as well as MIS reports. This could be via the cloud or via regular emails.

What are MIS reports? Can you explain MIS reports a little more in detail?

Management Information System Reports:

MIS Reports are a summary of your financials.
They are are Graphical Representation of your sales, expenses, receivables and payable.
For eg. It is like a Dashboard of the Car which indicates how much petrol is there in the car, How far can it go, what average is it giving. This is something what gives you analysis about what can be improved and increase your profits in the upcoming months.

What is a bi annual compliance check?

The bi annual quality check is an audit that happens once every six months, this ensures that we can raise and solve any queries that can have financial implications in the future. This also ensures that during the actual annual audit these queries are not raised and it is a smoother process.

Why should we get someone else to review our books when our in-house team is already following the process?

XYZ, while I do understand the same - generally we have seen with our 250 clients, even though you have set processes you can face issues with gaps in the way the books are being maintained and you might not have a person to review the same hence you will have to put in your time to resolve the same. Our accounting services then come in with a review layer where we have a part time manager review the books - red flag any gaps in the books and share it with your team to correct + they will also file tour taxes and give you MIS.

What are your charges for your accounting services?

Generally our accounting services charges are based on the number of transactions (that is linked to the amount of time spent by the accountants) and the complexity of accounts and we would love to meet you to understand the same. However, just to give you a general ballpark - we charge our lowest client 5k per month and our highest anywhere at 1 lac a month.

How can Savage & Palmer help with outsourced accounting services?

Savage & Palmer is a specialized accounting services company that helps founders of brands focus on growing their businesses by managing all their back-end accounting activities. Our team of experienced professionals can handle all of your financial tasks, including bookkeeping, payroll, financial reporting, and tax preparation. By outsourcing your accounting to Savage & Palmer, you can have peace of mind knowing that your finances are in good hands and can focus on driving your business forward.

What specific accounting services does Savage & Palmer offer?

Savage & Palmer offers a wide range of accounting services to meet the needs of our clients. Some of the services we offer include:

Bookkeeping: We can handle all of your day-to-day financial transactions, including invoicing, bill payment, and reconciliation of bank and credit card statements.
Financial reporting: We can provide regular financial reports to help you understand the financial health of your business and make informed business decisions.
Tax preparation: We can prepare and file all necessary business and personal tax returns, ensuring compliance with all tax laws and maximizing your tax savings.

How do I get started with outsourced accounting services from Savage & Palmer?

Getting started with outsourced accounting services from Savage & Palmer is easy. Simply contact us to schedule a consultation. During the consultation, we will discuss your specific accounting needs and how we can help. We will then provide you with a customized quote for our services. Once you decide to move forward, we will work with you to set up your accounts and get everything up and running smoothly

How is outsourcing my accounting to Savage & Palmer better than going to a traditional CA firm?

There are several advantages to outsourcing your accounting to Savage & Palmer rather than a traditional CA firm. One main advantage is that we offer a more holistic approach to accounting. While traditional CA firms may only focus on audit and tax compliance, we offer a wider range of services such as bookkeeping, payroll, and financial reporting.

By outsourcing all of your accounting needs to us, you can have a single point of contact for all of your financial matters, rather than having to work with multiple firms for different tasks.

Additionally, at Savage & Palmer, we use advanced technology and software to streamline our processes and provide real-time financial data to our clients. This allows us to be more efficient and provide faster turnaround times for tasks such as financial reporting.

Finally, by outsourcing your accounting to Savage & Palmer, you can have peace of mind knowing that your finances are being handled by a team of experienced professionals. Our team is dedicated to providing top-quality service and ensuring that your financial needs are met.