"Your books should tell you where your business stands—not leave you guessing."
Vidhu Duggal & Company provides accounting, bookkeeping, and financial reporting support for US companies from India. We help businesses maintain organised financial records, manage monthly accounting workflows, and prepare reports that support better business decisions.
Our services include transaction recording, bank and credit card reconciliation, accounts payable and receivable, month-end closing, US GAAP-oriented accounting support, financial statement preparation, management reporting, and coordination with your US CPA or tax professional.
Whether you operate a startup, LLC, corporation, e-commerce business, professional services firm, or an international group with operations in India and the United States, our accounting support can be tailored to your business requirements.
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Most business owners do not start a company because they enjoy reconciling bank statements, categorising expenses, or tracking outstanding invoices. These tasks often get pushed aside while the team focuses on sales, customers, operations, and growth.
Over time, however, delayed bookkeeping can become a bigger problem. Bank accounts remain unreconciled, expenses are incorrectly classified, customer balances are unclear, and financial statements arrive later than expected. When tax season approaches, the business may have to spend additional time organising records and answering questions about transactions from months earlier.
The challenge is not limited to compliance. When the books are incomplete, management may make decisions about pricing, hiring, spending, and expansion without having a reliable picture of financial performance.
Outsourced accounting provides an alternative to managing every accounting task internally. Businesses can delegate defined financial processes to an external team while retaining visibility over their records, reports, and accounting workflows.
At Vidhu Duggal & Company (VDC), we support US businesses with routine bookkeeping, monthly closing, reconciliations, accounts management, financial statements, and management reporting. Our India-based team works remotely using suitable accounting software and agreed processes, with coordination available for your US CPA or tax professional.
Our objective is straightforward: maintain organised books, establish a consistent reporting routine, and help your business understand its financial position.
A startup processing a limited number of transactions has different accounting needs from an established company with multiple bank accounts, employees, inventory, and international operations. Our services can be scoped according to your business model, transaction volume, reporting requirements, and existing accounting processes.
| Business Type | How We Can Support You |
|---|---|
| US startups | Establish accounting records and a chart of accounts that can support future reporting needs. |
| Small and medium-sized businesses | Maintain bookkeeping, reconciliations, and monthly financial statements. |
| US companies with Indian operations | Support intercompany accounting, reconciliations, and reporting coordination. |
| Indian founders with US companies | Maintain organised US accounting records and coordinate with relevant US professionals. |
| E-commerce businesses | Reconcile storefront sales, payment gateways, refunds, fees, and bank deposits. |
| Professional service firms | Track revenue, expenses, customer invoices, and receivables. |
| Technology and SaaS companies | Support subscription revenue records, recurring expenses, and financial reporting. |
| Trading and inventory businesses | Maintain inventory records, cost of goods sold, and related accounting schedules. |
We provide end-to-end accounting support, from daily transaction processing and reconciliations to month-end close, US GAAP financial statements, and tax-ready schedules.
Accurate bookkeeping provides the foundation for reliable financial reporting. Transactions must be recorded consistently, classified correctly, and supported by appropriate documentation.
Our bookkeeping support may include:
The objective is to keep the accounting records organised and ensure that financial information reflects the transactions recorded by the business.
Reconciliation compares accounting records with external statements to identify missing entries, duplicate transactions, timing differences, and other discrepancies.
We can assist with reconciling:
Unmatched items are reviewed and investigated using available statements and supporting information. Where clarification or documentation is needed from your team, we identify the outstanding items for resolution. Regular reconciliation helps maintain reliable account balances and supports a smoother month-end closing process.
Accounts payable represents amounts a business owes to suppliers and other vendors. Without an organised process, invoices can be overlooked, vendor balances can become inaccurate, and payment obligations may be difficult to track.
Our accounts payable support may include:
Payment approval and the actual release of funds remain subject to your business's authorisation procedures and the agreed scope of work.
Accounts receivable tracking helps businesses understand how much customers owe, which invoices remain outstanding, and where collection follow-up may be required.
Our accounts receivable support can include:
These records provide greater visibility into outstanding customer balances and can help management monitor potential cash flow concerns.
A proper month-end close brings together bookkeeping, reconciliations, adjustments, and financial reporting for a completed accounting period.
Depending on your requirements, the closing process may include:
Example: A business may initially report a monthly profit of $40,000. If additional vendor expenses of $15,000 relate to that same period but have not been recorded, the reported profit may not reflect the complete position. A structured close process helps identify such items before management relies on the figures.
US Generally Accepted Accounting Principles (US GAAP) provide the accounting framework used for many US financial reporting requirements. Businesses may need accounting support to maintain consistent records, apply appropriate accounting treatments, prepare adjustments, and produce financial statements in the agreed reporting format.
Our US GAAP-oriented support may include:
The appropriate treatment depends on the transaction, applicable accounting requirements, and available documentation. Our work does not constitute a US audit or attest engagement.
Bookkeeping records transactions; financial reporting organises those records into information that business owners and management can use.
Depending on the agreed scope, your reporting package may include:
| Report | What It Helps You Understand |
|---|---|
| Profit & Loss Statement | Revenue, expenses, and reported profit or loss. |
| Balance Sheet | Assets, liabilities, and equity at a reporting date. |
| Cash Flow Statement | Cash movements during the reporting period. |
| Trial Balance | Account balances used to support accounting review. |
| General Ledger | Detailed activity recorded in individual accounts. |
| Budget vs Actual | How actual results compare with the budget. |
| Revenue Analysis | Revenue trends and business performance by category. |
| Expense Analysis | Changes in operating costs and spending patterns. |
| AP Ageing | Outstanding supplier balances and their ageing. |
| AR Ageing | Customer balances and overdue receivables. |
Reporting frequency and format are agreed during onboarding, based on your business needs and the availability of complete accounting information.
Payroll creates accounting entries relating to salaries, employer expenses, deductions, and payroll liabilities. These entries need to be reflected correctly in the financial records.
Support includes:
Note: Focuses on the accounting side of payroll. Payroll processing, employee tax calculations, and payroll tax filings must be separately scoped or handled by an appropriate provider.
Businesses purchasing equipment, computers, furniture, machinery, or other long-term assets need records that distinguish capital assets from ordinary operating expenses.
Support includes:
A well-maintained register supports financial reporting and gives your CPA organised information for year-end review.
Inventory accounting is important for businesses that buy, manufacture, or sell physical products. Incomplete inventory records can affect cost of goods sold, reported margins, and the value of inventory shown on the balance sheet.
Support includes:
The exact process depends on the inventory system, stock reports, valuation method, and applicable standards.
If your books are several months behind or your accounting software contains duplicate transactions and unreconciled balances, we review and organise existing records before regular monthly workflows begin.
Cleanup involves:
Scope and timeline depend on transaction volume, cleanup period, and record condition.
Accurate accounting records make year-end work far more organised. Your US CPA or tax professional may need financial statements, account reconciliations, asset schedules, expense details, and other supporting information.
We help organise accounting records and agreed schedules so your tax professional can review the financial information without having to reconstruct the entire year from raw bank statements.
Our role is accounting support and coordination. US tax advice, tax return preparation, and filing responsibilities remain with the appropriately engaged US tax professional unless separately agreed with a qualified provider.
You do not necessarily need to change your accounting software to work with an external accounting team. Where feasible, we can work within your existing system, subject to access, functionality, and the agreed scope.
| Category | Platforms |
|---|---|
| Accounting software | QuickBooks Online, QuickBooks Desktop, Xero, NetSuite, Zoho Books |
| Payables and payroll tools | Bill.com, Gusto |
| Payments and e-commerce | Stripe, PayPal, Shopify |
Tell us which software your business uses during the initial consultation. We can review the requirements and confirm whether the platform is suitable for the proposed workflow.
Different industries have different accounting requirements. A SaaS company may need recurring revenue records, an e-commerce business may require payment gateway reconciliation, and a consulting firm may need clear project billing and receivable tracking.
We can tailor accounting workflows for businesses in:
Subscription billing, MRR/ARR tracking, deferred revenue.
Shopify, Stripe, marketplace settlements, inventory & COGS.
Client billing, milestone invoicing, receivable ageing.
Project-based expenses, media spend reconciliation.
Rental ledgers, security deposits, property-level tracking.
Inventory valuation, landed costs, supply chain bills.
Multi-currency transactions, customs duties, forex accounting.
Operational overheads, vendor management, POS audits.
Burn rate, investor reporting packages, scalable chart of accounts.
Our approach begins with understanding your business model, transaction flows, accounting system, and reporting expectations before defining the scope of work.
A financial report should do more than list numbers. It should help management understand what has changed and which areas may need attention.
For example, a monthly Profit & Loss statement shows reported revenue and expenses. Comparing it with the previous month or budget can help identify cost increases, revenue changes, or differences from expected performance.
Depending on the agreed reporting scope, management reporting may include budget-versus-actual comparisons, expense trends, revenue analysis, cash flow information, and business performance indicators.
These reports support decision-making, but they do not replace management's responsibility for evaluating the business, setting budgets, or approving financial decisions.
Accounting information includes sensitive financial and commercial data. Before beginning an engagement, it is important to agree on how records will be shared, who will have access, and how communication will be managed.
Our working arrangements can include secure document-sharing methods, controlled system access, defined responsibilities, and agreed communication channels. Access should be limited to the people who require it for the work being performed.
During onboarding, we discuss the accounting platform, documents required, access permissions, and information-sharing workflow relevant to your engagement. Specific security arrangements should be confirmed based on the systems and processes used for your business.
Here is how our accounting support directly resolves routine accounting and financial reporting challenges:
| Common Problem | Accounting Support |
|---|---|
| Bank accounts are not reconciled | Review account activity and investigate unmatched transactions. |
| Accounting data is disorganised | Review the chart of accounts and correct classifications. |
| Financial statements are delayed | Establish an agreed closing and reporting schedule. |
| The CPA needs organised year-end records | Prepare agreed financial schedules and supporting records. |
| Management lacks financial visibility | Provide financial statements and agreed management reports. |
| AP and AR are difficult to track | Maintain ledgers and prepare ageing reports. |
| Books are several months behind | Scope catch-up bookkeeping and a transition to regular accounting. |
| US GAAP-oriented reporting is needed | Provide accounting support within the agreed scope. |
| The business operates in India and the US | Support intercompany accounting and cross-border reporting coordination. |
We follow a systematic, step-by-step engagement workflow to ensure clean records and reliable reporting cycles:
We discuss your business model, industry, entity structure, transaction volume, and reporting requirements.
We review the existing accounting file, chart of accounts, bank accounts, credit cards, payment processors, and available records.
If the books are incomplete or outdated, we identify the areas requiring reconciliation, correction, or additional documentation before regular reporting begins.
We agree on the scope of work, reporting frequency, information requirements, responsibilities, and communication process.
We perform the agreed bookkeeping, reconciliations, accounts management, adjustments, and closing activities.
We prepare the agreed financial statements, supporting schedules, and management reports based on the completed accounting records.
We address accounting queries within the agreed scope and coordinate with your US CPA or other professionals when required.
Outsourcing can provide flexibility for businesses that need regular accounting support without assigning every task to an internal team.
Depending on the engagement, it may help businesses:
The suitability of outsourcing depends on the complexity of your accounting, the quality of available information, communication arrangements, and the level of oversight your business requires.
Vidhu Duggal & Company is a Chartered Accountant-led firm in India offering accounting and financial support to businesses with international requirements.
Our approach focuses on understanding your accounting needs, defining a clear scope, and establishing a repeatable process for bookkeeping, reconciliations, closing, and reporting.
We understand that businesses may need more than transaction entry. They may also require coordination with a US CPA, support for US GAAP-oriented reporting, accounting across multiple entities, or organised financial information for management review.
Our wider experience in international taxation, transfer pricing, and cross-border business matters can also be relevant when accounting workflows involve India and the United States. Specific US tax or legal questions should be addressed by the appropriately qualified professionals.
Businesses operating across India and the United States may need to maintain separate accounting records while coordinating information between related entities.
Our accounting support may include:
Where transfer pricing, tax, FEMA, or legal considerations arise, the appropriate advice and compliance work should be separately assessed and coordinated with qualified professionals in the relevant jurisdiction.
Different business structures can require different accounting records and supporting schedules:
| Business Structure | Accounting Considerations |
|---|---|
| LLC | Member contributions, distributions, capital accounts, and financial records. |
| C-Corporation | Equity transactions, shareholder activity, liabilities, and financial statements. |
| S-Corporation | Shareholder-related transactions and payroll accounting records, where applicable. |
| Partnership | Partner capital accounts, contributions, distributions, and profit allocation records. |
| US subsidiary of a foreign company | Intercompany balances and reporting packages for the parent company. |
| US company owned by Indian residents | US accounting records and coordination with India-side professionals where needed. |
Accounting requirements depend on the facts and applicable reporting framework. The tax treatment of each entity should be confirmed with your US CPA or tax professional.
Maintain organised books, receive timely financial reports, and establish a consistent accounting process for your business.
Vidhu Duggal & Company supports US businesses with bookkeeping, reconciliations, month-end closing, financial reporting, and cross-border accounting coordination.
Explore other services that may complement your accounting requirements:
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Our experts are here to guide you every step of the way.
US accounting services involve recording, organising, reconciling, and reporting a business's financial transactions in accordance with the agreed accounting framework and reporting requirements. Services may include bookkeeping, month-end closing, financial statements, and management reporting.
Bookkeeping focuses on recording and classifying transactions. Accounting also involves reviewing those records, posting adjustments, closing accounting periods, and preparing financial statements and reports.
Yes. Our India-based team can support US businesses remotely using suitable accounting software, agreed workflows, and information-sharing arrangements.
We provide US GAAP-oriented accounting support within the agreed scope, which may include adjustments, month-end closing, and financial statement preparation. We do not provide US audit or attest engagements.
QuickBooks Online support may include bookkeeping, reconciliations, accounting cleanup, and reporting. The scope and access requirements are agreed before work begins.
We can support bookkeeping and financial records for US LLCs, including relevant member transactions and reconciliations. Entity-specific tax questions should be discussed with your US tax professional.
Yes. Accounting support can be tailored to the business structure and may include equity records, partner or shareholder transactions, reconciliations, and financial reporting.
Yes. Transaction recording can be scheduled according to your business volume, followed by the agreed monthly reconciliation and closing process.
We can review existing accounting records, identify unreconciled balances, investigate duplicate transactions, and correct classifications within the agreed scope. The timeline depends on the volume and condition of the records.
Monthly reporting can include a Profit & Loss statement, Balance Sheet, Cash Flow Statement, and other agreed reports after the closing process is completed.
Yes. We can organise accounting schedules and supporting records and coordinate with your CPA on accounting queries within the agreed scope. Your CPA remains responsible for their separately engaged tax and professional services.
We can support the US accounting records and coordinate relevant accounting information with India-side professionals. Specific tax, foreign exchange, and regulatory obligations should be reviewed separately.
We can assist with intercompany accounting, reconciliations, foreign currency records, and agreed reporting coordination across entities.
Pricing depends on transaction volume, number of accounts and entities, software, condition of existing records, reporting frequency, and service scope. We review your requirements before providing a tailored proposal.
The reporting schedule is agreed during onboarding. Monthly statements can be supplemented by quarterly or year-end accounting support where required.
Depending on the requirements, we may work with QuickBooks Online, QuickBooks Desktop, Xero, NetSuite, Zoho Books, Bill.com, Gusto, Stripe, PayPal, and Shopify. Please confirm your platform during the consultation.
Bookkeeping and accounting support do not automatically include US tax return preparation or filing. Tax services must be separately scoped and handled by an appropriately qualified professional.
Contact us to discuss your business, accounting software, current records, transaction volume, and reporting needs. We can then review the requirements and discuss a suitable scope of support.
Accurate bookkeeping, seamless reconciliations, and timely financial reports from experienced professionals.
Vidhu Duggal and Company (‘VDC’) is a Delhi-based Chartered Accountancy firm with a strong staff of competent and proficient Chartered Accountants that are capable of handling all aspects of the financial services industry.
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