Outsourced Accounting &
Finance Process Services
PARAMA & Co provides outsourced accounting and finance process services to foreign companies in India - handling daily bookkeeping, financial statements, MIS and shared CFO functions.
We work across Indian GAAP, US GAAP and IFRS, and support foreign audit firms with audit process outsourcing. Partner-led delivery with direct access to senior professionals.
Our Services
Accounting & Finance Services
Accounting & Bookkeeping
Day-to-day accounting under Indian GAAP, US GAAP and IFRS. Balance sheet finalisation, ledger scrutiny, reconciliations and accounting standards application.
Shared CFO & Finance Manager
CFO-level oversight, treasury management, cash flow reporting and management decision support - without the cost of a full-time hire. Ideal for early-stage foreign subsidiaries and GCCs.
MIS Reporting
Regular MIS reporting to parent entities of foreign subsidiaries in formats compatible with home-country requirements and reporting timelines.
AP / AR Management
Accounts Payable and Receivable management including invoice processing, payment runs, collections and reconciliation.
Audit Process Outsourcing
Outsourcing audit support for overseas audit firms - substantive testing, data analytics, audit file preparation and documentation.
Financial Planning & Analysis
Budgeting, forecasting, variance analysis and financial reporting for management and boards.
Ind AS / IFRS Transition
Assistance in transition from old accounting standards to Ind AS / IFRS. Implementation training and consultancy.
Staff Augmentation
Augmentation of audit and accounting staff for specific projects or busy seasons.
Engagement Model
Accounting services are typically structured as a monthly retainer, scoped by transaction volume and reporting complexity. Shared CFO services are billed on a monthly retainer with a defined number of days per month. Audit process outsourcing is project-based.
Technology
Accounting Systems
We Work With
Our team works across all major accounting and ERP platforms. We adapt to your existing systems or advise on the best platform for your India operations.
Tally Prime
QuickBooks
Xero
Zoho Books
SAP
Oracle NetSuite
Microsoft Dynamics
Sage
Busy Accounting
ClearTax
FAQs
Outsourced Accounting FAQs
Why should a foreign subsidiary in India outsource its accounting?
Outsourcing allows you to access experienced local professionals under Indian GAAP without building a full in-house finance team. For early-stage operations and smaller subsidiaries, this reduces overhead significantly while ensuring compliance and quality MIS reporting to the parent entity.
Can PARAMA & Co produce reports in our parent company's format?
Yes. Monthly and quarterly MIS reports are produced in formats compatible with the parent entity's requirements - US GAAP, IFRS or UK GAAP. We regularly coordinate with overseas finance teams and external auditors.
What does a shared CFO service include?
A shared CFO provides CFO-level oversight without the cost of a full-time hire: treasury management, cash flow forecasting, management reporting, liaison with board and headquarters, and oversight of monthly compliance. Typically available for a defined number of days per month.
Can PARAMA & Co work with our overseas audit firm?
Yes. Audit process outsourcing is a dedicated service - we assist overseas audit firms with substantive testing, data analytics and documentation for their Indian clients. We have experience working with Big 4 teams and mid-size international firms.
Finance Operations, Sorted.
Accounting, MIS, shared CFO - all managed by a partner-led team.