Accounting & Bookkeeping

Madras Accountancy provides expert offshoring solutions in bookkeeping and accounting, tailored for CPA firms across the USA. We focus on accuracy, timeliness, and reliability to streamline financial processes and empower firms to prioritize client service and growth.

Our skilled team integrates seamlessly with your workflows, managing routine and complex tasks alike. We offer end-to-end support aligned with your goals—reducing burdens, boosting efficiency, and serving as a dependable extension of your team.

What we offer

Accounts Payable Management

  • Vendor Bill Handling: Recording bills, payments, and credits.
  • AP Reconciliation: Ensuring accuracy in accounts payable.

Financial Reporting

  • Core Reporting: Providing Profit & Loss, Balance Sheet, and Cash Flow Statements.
  • Custom Reports: Customized analytical reporting as per client needs.

Reconciliations

  • Balance Sheet Reconciliation: Detailed verification of balance sheet accounts.

Training & Setup of Quickbooks for your Entity/Firm

  • End-to-end setup of QuickBooks tailored to your entity’s specific requirements, including chart of accounts, tax settings, and reporting templates.
  • Customization: Personalization of QuickBooks features and settings to align with your industry, operations, and compliance needs.
  • Training: Hands-on training sessions for your team to ensure they are proficient in using QuickBooks efficiently for day-to-day operations.
  • Best Practices: Guidance on best practices for managing accounts, tracking expenses, invoicing, and generating financial reports using QuickBooks.
  • Ongoing Support: Continuous support to address any technical issues or queries, ensuring seamless usage and functionality.

Bank & Credit Card ReconciliationsTransaction

  • Transaction Recording: Accurate logging of bank and credit card transactions.
  • Reconciliation: Ensuring consistency in bank and credit card statements.

Accounts Receivable Management

  • Customer Invoice Processing: Precision in recording invoices, receipts, and credits.
  • AR Reconciliation: Comprehensive AR streamlining cash flow through precise receivable management.

Clean Up - Catch Up Activities

  • Financial Setup & Review: Chart of Accounts setup and opening balance reconciliation.
  • Comprehensive Bookkeeping: Covering all pending periods with detailed book reviews.
  • Adjustment Entries: Ensuring financial accuracy and providing reports..

Hear from our
Satisfied Clients

We provide a complete suite of outsourced accounting services, helping firms stay efficient and cost-effective.

Madras Accountancy has been more than just a partner to Hillhurst Tax Group - they have been our trusted friends for over a decade.Working with Balaji and his exceptional team has been a remarkable journey. They’ve seamlessly supported us in both tax and bookkeeping services, enabling us to focus on growing our business and strengthening our client relationships.What sets Madras Accountancy apart is their personal touch. Balaji and his team truly care about our success and go beyond being just an offshore service provider. Their dedication, attention to detail, and commitment to excellence have made them an integral part of our firm’s story.We deeply value this relationship and look forward to many more years of collaboration

Jonathan McCormick, EA, MST

Co-Founder & COO / Hillhurst Tax Group

Partnering with Madras Accountancy has been a game-changer for us. Their team’s expertise in both tax preparation and bookkeeping has brought consistency and reliability to these critical areas. What stands out is their proactive approach - ensuring tasks are completed on time with a high level of accuracy and responsiveness. They have become an integral part of our team, always willing to adapt and support us whenever needed. The collaboration has been smooth and has added tremendous value to our operations and provided that much needed capacity as our business grows. We tried a couple of other providers and hands down, Madras has been a great fit. We’re grateful for the professionalism they bring to the table and the positive impact on our practice.

Josh T. Hansen, CPA

Founder & Managing Partner

Madras Accountancy has been an impactful partner and quickly became our primary offshore provider. We started working with them when we were not able to find higher-caliber talent from other providers. Madras Accountancy quickly found us several very strong candidates, and we have not looked back. At both preparatory and more importantly for us, detail review levels, their staff are excellent. They integrate seamlessly with our tax department, and we are very fortunate to have them support our firm. Their leadership team is also excellent, truly seeking to understand our business and our unique requirements, and will not rest until they find us those candidates. Their team’s proactive communication and unwavering commitment have made them an indispensable part of our operations. We are grateful for the strong partnership we have built with them.

Dave Myers, COO

RS&F

Madras Accountancy has been an exceptional partner for us at Stowe & Degon. Their team’s expertise in tax preparation and review, combined with their meticulous attention to detail, has significantly enhanced our efficiency during peak seasons

Prasanna G. Kidambi, CPA, MBA

Tax Partner
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