Part-time accounting services provide businesses with a qualified accountant for a fixed number of hours or days each week or month. The accountant manages routine accounting and compliance work without the business having to hire a full-time employee.

Part-time accounting services are suitable for:

• Startups and small businesses
• Professional firms and consultants
• Retailers and service providers
• Businesses with limited monthly transactions
• Companies that do not require a full-time accountant

Businesses seeking professional supervision of their accounts

The scope may include:

• Recording purchase, sales, receipt and payment entries
• Bank reconciliation
• Customer and vendor ledger reconciliation
• Expense booking and classification
• Preparation of trial balance
• Accounts receivable and payable tracking
• GST and TDS data preparation
• Payroll accounting
• Monthly financial reporting
• Assistance in finalisation of accounts
• The exact scope can be customised according to the requirements of the business.

Yes. A part-time accountant may visit the client’s office on agreed days and timings.

Services may also be provided remotely or through a hybrid arrangement, depending on the nature of work, availability of records and the client’s requirements.

The frequency can be decided based on the volume of transactions and business requirements. Common arrangements include:

• Once a week
• Two or three days a week
• A fixed number of hours each day
• A fixed number of visits every month
• Additional visits may also be arranged during return filing, audit, year-end closing or other important periods.

Yes. Part-time accounting can be a cost-effective option for businesses that do not have sufficient work for a full-time accountant.

It helps reduce costs relating to salary, employee benefits, recruitment, training, leave management and supervision while ensuring that accounting work is handled professionally.

The accountant’s work can be reviewed and supervised by experienced accounting, tax and compliance professionals.

This helps ensure that transactions are properly recorded, reconciliations are completed and statutory requirements relating to GST, TDS, income tax and other applicable laws are considered.

Yes. Depending on the agreed scope, the accountant may assist with:

• GST sales and purchase reconciliation
• Input tax credit reconciliation
• Preparation and filing of GST returns
• Identification of TDS applicability
• TDS deduction and payment working
• Preparation and filing of TDS returns
• Form 26AS and TDS receivable reconciliation

Professional review may be carried out before filing the returns.

Yes. Business records, financial information, customer data and other documents are handled confidentially.

Where required, a confidentiality agreement or non-disclosure agreement may also be executed with the accounting service provider.

The key benefits include:

• Lower cost compared with a full-time accountant
• Timely and organised bookkeeping
• Professional supervision and review
• Improved GST and TDS compliance
• Regular bank and ledger reconciliation
• Better control over receivables and payables
• Accurate financial reports for management
• Flexibility to increase or reduce services
• Continuity of accounting work during employee absence
• More time for business owners to focus on business growth

With part-time accounting services, a business does not merely engage an accountant—it gains access to a team of professionals who can take care of its accounting and compliance requirements.