offshore accounting firms in India

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  • Published: Nov 1, 2025
  • Last Updated: Dec 3, 2025
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India has emerged as a global leader in offshore accounting, combining financial expertise, cloud ERPs, and AI automation. With firms adhering to global standards like US GAAP and UK IFRS, India offers cost-effective, scalable solutions for global businesses. Here we, highlights the top 10 offshore accounting firms in India, including Talent Formula, Outbooks, and Whiz Consulting, each offering specialized services and technology. It also advises businesses on choosing the right partner, focusing on expertise, technology, regulatory knowledge, and transparency. Offshore accounting provides more than cost savings; it boosts efficiency, speeds up financial processes, and drives sustainable growth, making it a key strategic tool for businesses.

Quick Reads

  • India has become a global hub for offshore accounting, powered by a vast pool of skilled CAs and CPAs.
  • Top accounting firms in India like Whiz Consulting, Initor Global, and Entigrity combine human expertise with automation to deliver precision and scalability.
  • Businesses can save up to 60% on accounting costs by outsourcing to India while maintaining accuracy and compliance.
  • Indian accountants are well-versed in U.S. GAAP, IFRS, and AAS, and use tools like QuickBooks, NetSuite, Xero, and Zoho Books for seamless operations.
  • The time zone difference enables 24×5 coverage, faster turnarounds, and real-time collaboration with global clients.
  • Offshoring accounting services to India allows businesses to achieve efficiency, transparency, and sustained financial growth.

India’s rise as the global leader in offshore accounting didn’t happen overnight. It’s the result of deep financial expertise, disciplined processes, and technology-first execution at scale. A steady flow of CAs and CPAs proficient in cloud ERPs and AI automation now manage everything from AP/AR to audits and analytics under global standards like U.S. GAAP, UK IFRS, and AAS.

As Benjamin Franklin once said, “in this world nothing can be said to be certain, except death and taxes.”

India recognised this certainty early and built an ecosystem around it. By combining cost efficiency, time-zone advantage, and rigorous compliance, the country transformed from a back-office destination into a strategic finance partner trusted by global enterprises for precision, scalability, and control.

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The Top 10 Offshore Accounting Firms in India

India’s offshore accounting industry is built on a rare balance of technical expertise, process maturity, and scale. The following top accounting firms in India form the backbone of this growth, each contributing to the country’s reputation as the most reliable destination for global finance and accounting outsourcing.

Talent Formula

  • Year Established: 2014
  • Services Provided: Bookkeeping, financial reporting, audit and tax support, payroll, data entry, accounting system/process integration, and workflow optimization
  • Software Used: Xero, NetSuite or MYOB.

Outbooks

  • Year Established: 2011
  • Services Provided: Outsourced bookkeeping, accounts payable/receivable, payroll processing, data entry, management accounts for small and mid-sized businesses and accounting firms.
  • Software Used: Xero, QuickBooks, MYOB, Dext, Hubdoc, Sage.

Invensis

  • Year Established: 2000
  • Services Provided: Global BPO provider offering finance and accounting services such as bookkeeping, financial analysis, data entry, and back office operations for multiple industries.
  • Software Used: NetSuite.

OATS (Offshore Accounting & Taxation Services Pvt Ltd)

  • Year Established: 2006
  • Services Provided: Bookkeeping, accounts payable, taxation, and end-to-end financial and accounting services.
  • Software Used: Specific platforms not listed publicly.

Meru Accounting

  • Year Established: 2013
  • Services Provided: Cloud-based bookkeeping and accounting services for small and growing businesses; system integrations and outsourced virtual bookkeeper model.
  • Software Used: Xero, QuickBooks Online, and cloud add-ons for bookkeeping and reporting.

Whiz Consulting

  • Year Established: 2014
  • Services Provided: Outsourced bookkeeping, payroll, financial reporting, tax advisory, across the US, UK, Australia, and UAE
  • Software Used: QuickBooks, Xero, Zoho Books, NetSuite, and Business Central.

Mindspace Outsourcing

  • Year Established: 2007
  • Services Provided: High-volume bookkeeping, payroll, and tax preparation; services focused on retail, service, and e-commerce sectors.
  • Software Used: QuickBooks and Xero.

Finsmart Accounting

  • Year Established: 2007
  • Services Provided: Customized accounting services with a client-centric approach, focusing on scalable solutions for growing businesses across various sectors.
  • Software Used: Finsmart AI platform for automated P&L, cash-flow, balance sheet, and KPI generation.

QX Accounting

  • Year Established: 2008
  • Services Provided: Offshore accounting services, including bookkeeping, payroll, audit support, and tax outsourcing for accounting firms globally.
  • Software Used: Automation tools, cloud integration, and data analytics, though specific platforms not listed.

CapActix Business Solutions

  • Year Established: 2015
  • Services Provided: Outsourced bookkeeping, accounts payable/receivable, tax preparation, payroll, virtual CFO services, business analysis, system implementation, and integrations
  • Software Used: QuickBooks Online, Xero, and other cloud-based accounting tools

OHI

  • Year Established: 2006
  • Services Provided: Full finance & accounting outsourcing including accounts payable, accounts receivable, general ledger, fixed assets, inventory, payroll, month‑end/year‑end closing, financial analysis; with strong industry focus on real estate, logistics, construction, professional services.
  • Software Used: Supports platforms such as QuickBooks, Xero, NetSuite, Yardi, AppFolio, MS Dynamics among others
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How to Choose the Best Partner for Your Business

Choosing the right offshore accounting partner is about finding a team with the right mix of expertise, technology, and reliability to scale with your business. The right partner acts as an extension of your in-house team, ensuring accuracy, compliance, and long-term efficiency.

Look beyond cost savings

While cost reduction is important, focus on finding a partner who offers the right alignment in process maturity, domain expertise, and robust data security measures. This ensures a sustainable partnership that prioritizes long-term success over short-term savings.

Evaluate service depth

It’s crucial to assess whether the firm’s services go beyond basic bookkeeping. A strong partner should be able to scale with your business, offering not just bookkeeping but also comprehensive services like controllership, financial reporting, and strategic CFO support as your needs grow.

Assess technology fluency

Ensure that the firm is well-versed in using modern accounting tools such as QuickBooks, NetSuite, Xero, or Zoho Books. Look for a partner who incorporates automation in their processes to reduce manual workloads, enhance efficiency, and improve accuracy across your financial operations.

Check regulatory expertise

Your outsourced accounting partner must be proficient in the complexities of global financial reporting standards. This includes a solid understanding of U.S. GAAP, UK IFRS, and AAS, ensuring that your financial statements are accurate, compliant, and meet international reporting requirements.

Review communication and time-zone fit

Effective communication is key to a successful partnership. Ensure the firm provides consistent updates, offers responsive support, and has overlapping work hours that make real-time collaboration seamless, particularly if you are in different time zones.

Prioritise transparency and reliability

Choose a partner who acts as an extension of your in-house team. They should be proactive, process-driven, and accountable, providing clear and reliable communication on all fronts to foster a trustworthy, transparent relationship that supports your business’s financial goals.

Expert Offshore Accounting Services That Drive ROI and Operational Savings

Accounting Outsourcing isn’t just about trimming expenses; it’s about building efficiency. A well-managed offshore accounting model can deliver up to 60% operational cost savings, faster month-end closes, and better data visibility through integrated dashboards.

Indian firms have mastered this balance between automation, accuracy, and scalability. When executed effectively, offshore accounting becomes a powerful strategic tool, enabling businesses to operate more efficiently, scale rapidly, and concentrate on what matters most: sustainable growth.

Disclaimer: The information provided in this blog, is intended for general informational purposes only. While we strive to ensure the accuracy and relevance of the content, we encourage you to verify the details independently or consult with a professional advisor before making any decisions or commitments based on this information.

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Akhil Singh

Akhil Singh

Akhil is a fintech content strategist with extensive experience, specializing in corporate finance, tax management, financial reporting, and ERP systems. With a deep understanding of industry trends and a strong grasp of financial systems, he helps businesses streamline their financial processes and transform data into strategic insights for growth.

Have questions in mind? Find answers here...

Businesses can typically save around 40–70% on accounting costs by outsourcing to India. Lower labour costs, process efficiency, and automation expertise contribute to these savings without compromising quality.

Compare service scope, pricing model (hourly vs fixed), technology inclusion, data security standards, and hidden costs like setup or software licensing fees.

Most Indian accountants are well-versed in U.S. GAAP, IFRS, and UK accounting standards, ensuring seamless compliance for global clients.

Leading firms like Whiz Consulting use QuickBooks, Xero, NetSuite and Zoho Books, along with workflow and automation tools to handle multi-country operations efficiently.

India’s time zone enables round-the-clock operations (24×5 coverage). Tasks completed overnight in India are ready by the client’s morning, speeding up reporting and decision-making.

Indian teams are adept at handling multi-currency accounting, exchange rate adjustments, and consolidated global reports using advanced ERP and accounting systems.

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