Outsourced Accounting Services in Mumbai | Savage & Palmer

Outsource Accounting

Join hundreds of business owners who trust Savage & Palmer with their accounts

Bring the experts to handle this non-core activity so that you can focus on growing your business.

Outsource Accounting Services In Mumbai

Accounting is an essential part of routine operations in small and medium-sized businesses.  While establishing an in-house accounting team seems costly, outsourcing accounting services has become a preferred choice of most businesses. Outsourcing not just reduces costs on hiring and training but also drives significantly higher value. If you are looking for professional accounting outsourcing services in Mumbai, you can count on Savage & Palmer for fast & reliable services.

Savage & Palmer: Top Accounting Company In Mumbai, India

At Savage & Palmer, we offer the most comprehensive accounting outsourcing services in Mumbai. Since our establishment, we have helped many startups, small and mid-size businesses with comprehensive accounting outsourcing services in Mumbai. As a full-service accounting company in Mumbai, in the past few years, we have worked with clients such as Pepperfry, Nykaa, OCS, LEK, Rentokill, etc. and helped them streamline their accounts.

Our professionals have expertise in all modern accounting software and strive to enhance your efficiency and profitability. Get connected with an expert to learn more!

What Is Accounting?

In the corporate lexicon, the term accounting refers to managing an organisation’s financial records. It may include classifying, retrieving, sorting and presenting reports. When it comes to onsite or offsite accounting services in Mumbai, Savage & Palmer becomes the most preferred account management partner.

From invoice generation, management, tracking account receivables, generating reports to the compilation of tax returns, experts at Savage & Palmer offer end-to-end support for accounting.

Types of Accounting Services In Mumbai

With a plethora of accounting services under one roof, Savage & Palmer is a reliable Accounting Company In Mumbai. Our accounting outsourcing services in Mumbai are beneficial for those who want to enjoy reduced overheads and expenses. 

Backed with years of experience and equipped with top-in-class software,. Our accounting team specialises in accounts receivables process outsourcing, accounting payable outsourcing, management reporting, bank reconciliation, and invoice to cash. 

How Does an Outsourced Accounting Service Work?

Outsourcing accounting services refers to delegating crucial accounting operations to a company with a specialised accounting team. As a leading accounting outsourcing company in Mumbai, Savage & Palmer helps reduce costs and increases efficiency. Explore other benefits of outsourcing accounting services.

  • Streamlined business operations with the automated accounting process
  • All financial records in one place with accuracy and reliability
  • Smooth cash flow with predictive analysis
  • Minimal paperwork to ensure improved operations
  • Interactive, easy to understand financial reports
  • Valuable insights with profit & loss sheets, balance sheets and cash flow history
  • Dedicated account experts to help you navigate and plan business growth

Outsourcing Accounting Services In Mumbai With Savage Palmer

We provide customers with comprehensive solutions e for accounting outsourcing services in Mumbai. We offer periodic account updates, statutory dues, return handling, creation and help businesses bring agility and efficiency. Speak to our experts to learn more about accounting outsourcing services in Mumbai.

Why Choose Savage & Palmer for Outsourcing Accounting Services?

We are not a regular accounting outsourcing firm in Mumbai. As a full-service accounting company in Mumbai, we offer on-site and off-site accounting services to small and mid-sized businesses across all verticals. As a preferred accounting outsourcing firm in Mumbai, we provide partners with end-to-end solutions, including accounting receivables, payables, and payroll management. We work in compliance with tax regulations in India and ensure streamlined account management, smooth financial record transition in the organisation.

To get a free GAP analysis report fill the form here or call us to learn more about accounting outsourcing services in Mumbai.

Review & Reporting

Have a team of accountants but spend a lot of time reviewing their work? Let us have our team of Accounts Managers review your books for you monthly. As an added bonus we will also handle all your tax filings and reports!

Staffing

Constant attrition in your accounts departments holding you down? We’ve got your back! With our staffing solution we worry about giving you the right candidate to handle your work while you focus on growing.

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Fully Managed Service

Handling your accounts couldn’t get easier – just handover all your data to us and let us handle our book-keeping, tax filings and give you reports to track your company’s financials!

Review & Reporting

Have a team of accountants but spend a lot of time reviewing their work? Let us have our team of Accounts Managers review your books for you monthly. As an added bonus we will also handle all your tax filings and reports!

Staffing

Constant attrition in your accounts departments holding you down? We’ve got your back! With our staffing solution we worry about giving you the right candidate to handle your work while you focus on growing.

client testimonials
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When we started working with Savage & Palmer, we appointed a 1 man team; however, as we've grown, they have seamlessly scaled up with us to a team of 8 in Accounts and Finance. They've taken full ownership & reduced our task of hiring, training, induction, employee engagement, and retention for the Accounts team. Their highly professional team has streamlined the entire accounts process for us.

Mohit Jain

Head E-Commerce, MCaffeine

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My expertise lies in growing my business & networking. Finance & compliance is not my cup of tea. This is where Savage & Palmer has been of great help. Their experts have advised me on valuation, investment & incorporation of entities in India and overseas. Their regular MIS reports help me have a clear picture of my books of accounts, and this has helped me grow exponentially

Vikesh Shah

Co-Founder, 99 Pancakes

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It was a pleasure working with Savage & Palmer for Sweetish House Mafia’s support functions. The team of young professionals is very prompt in responding to my queries and has a hands
on approach.

Akash Sethi

Partner, Sweetish House Mafia

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Being one of the first clients who signed on with Savage & Palmer, we are so proud to be part of this family. The entire team of Savage & Palmer has been extremely helpful, attentive and responsive at all times. We have stopped worrying about streamlining our accounts because they have taken it over so seamlessly from us. From the initial months to now, their level of involvement has remained the same.

Jankee Desai

Partner, FancyPants

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FAQ

What are the different models of accounting services you offer?

  • Fully Managed Service (FMS): There will be a 2 layered team given to you. The first layer will be an Accounts Executive who will be helping you out with your Data Entry and Bank Reconciliation. The second layer will be an Accounts Manager who will review the books of accounts, and once satisfied, will proceed with your tax filings and give you your monthly MIS Reports.
  • Review and Reporting (RR): This is an ideal model when you have an existing accounts team and need someone to review the books to ensure the quality. A remote Accounts Manager will be reviewing the work of your team, file your taxes and give you monthly MIS Reports.
  • Professional Staffing: If you already have a full-fledged team and need an additional resource without having to go through the hassle of hiring and training, then Professional Staffing is something that we could help you out with.

How are you better than a CA firm?

  1. We don’t have a very traditional approach and are extremely customer-centric
  2. CA firms are more focused on tax filings and audit hence do not focus on maintaining your books and data entry
  3. We share reports with our clients on a monthly basis so that they have full visibility over their finances
  4. We ensure that we share compliance updates to you on a fortnightly basis

How are you better than an In- house team?

  1. With us, you get trained manpower since we have the expertise in hiring the right accountant
  2. We manage,train, develope and retain the accountant since he/she is our employee
  3. Fewer accuracy issues in the books of accounts due to the maker-checker system we implement
  4. You are dependant on a company, not on a person

What is the difference between a Dedicated and a Shared Resource?

A dedicated resource (or a full-time accounts executive) will cost you somewhere between Rs 25,000 – Rs 30,000 per month based on the level of seniority required. The cost of a shared resource (or a part-time accountant) will depend on the number of hours the accountant is dedicated to working on your company accounts. Our in-house technical team would be able to help you decide that. 

What is the difference between the Onsite and the Remote way of working?

An onsite and remote model differs very little in cost. The only charges additional in an onsite model would be the travel charges if the office of the client is more than 10 minutes away from the nearest railway station. 

How will you track my company’s compliances?

We have a recurring checklist that allows us to track all compliances applicable to you and ensure that our team is filing your compliances on time. We also ensure that we send updates to you on a fortnightly basis, on what compliances are pending.

What is the cost of this service?

We start as low as Rs 5,000 + GST per month for our Fully Managed Service. It completely depends on the volume of transactions and the  accounting software in use.

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