Menu
You can count on us for your
accounting needs, so you can
focus on your business deeds!
You can count on us for your accounting needs, so you can focus on your business deeds!
Okay, while we’re clearly bad at cheesy rhymes, we’re really good with
managing end-to-end finance and accounting for you, so you can run
your business stress-free.
Who are we? A bunch of ex-Big 4 consultants and industry accountants
who are savvy with the latest GAAP updates, have hands-on audit
experience and are obsessed with making sure you never worry about
financial reporting, outsourced accounting, bookkeeping, controller
& advisory services again!
We’ll keep your accounting on track,
No need to worry, just sit back!
We’ll keep your accounting on track, No need to worry, just sit back!
Okay we promise to stop with the rhymes now. But we’re here to help you get the competitive advantage you need with the gambit of financial reporting that makes sense for your company & the growth stage it’s in.
So, whether you’re looking for outsourcing of the entire book-keeping and payroll services, specific US GAAP/IFRS technical accounting advisory, or even audit support – we’re here for you.
So don’t hire an army of accountants. We’ll take care of everything:
We work with companies, NPOs, trusts & businesses of all sizes – our prices are tough to beat (and you get the quality of ex-Big 4 accountants).
No more worries of tracking receivables or managing timely payments to your vendors.
Whether you’re using Google Sheets to run your business, MS Excel spreadsheets to manage RevOps or a full-stack ERP system, we re-engineer & automate business processes with one output: crashing timelines to ensure faster reporting and better decision making. Because happy management = happy team!
We’ll handle complex technical accounting standards and the ever-changing regulatory requirements.
We’d love to understand more
about your requirements
Great companies around the world trust us with their success
Instead of trying to manage everything yourself, why not call in the experts? Read our short guide for why companies should outsource their accounting function!
Tldr; Complete control. Measurable KPIs. Zero time lost in training staff. Full Accountability.
Cha-Ching: Instant Cost Savings
Outsourcing your accounting function can save you money and streamline your financial operations. Hiring an in-house team comes with added expenses {such as salary cost, retirement benefits, training costs, infrastructure support, etc.}. Standardizing your accounting processes creates consistency and accuracy, and annual agreements allow for flexibility and performance evaluation.
Grow Well: Sustainable Scalability
Outsourcing provides the flexibility to scale the accounting functions up or down based on needs. This allows firms to efficiently manage fluctuations in their accounting workloads, particularly during seasonal changes in demand. As a result, there is necessary flexibility to achieve optimal operational efficiency while ensuring they meet their financial obligations.
Not to toot our own horn, but:
Access to Expertise
Not to toot our own horn, but: Access to Expertise
Finding and retaining top-notch candidates for financial reporting positions is not easy. Outsourcing presents a golden opportunity to tap into a pool of experts with a wealth of combined experience spanning several decades. This extensive expertise is vital to keeping up with the ever-changing business landscape while staying ahead of the competition and complying with relevant regulations.
Show me the money: ROI-driven Approach
In-house teams are typically evaluated based on key performance indicators, with a longer gestation period to measure employee performance. However, when outsourcing, the output is more tangible, measurable, and tailored to specific requirements, with clear time-bound deliverables that can be easily tracked. This approach ensures a higher return on investment (ROI) and a more efficient use of resources
Why Contetra?
As the head of accounting and finance, or even as a business head, you and your team have many responsibilities including monthly book closures, payroll processing, MIS reporting, GL reconciliations, managing collections and vendor payments. Having experienced IFRS implementation consultants, you can free up significant bandwidth and allow experts to handle financial statements preparation and audit closures efficiently and cost-effectively.
You finance team can't keep up with all the changes o n their own. That's where we come in. Our team includes former Big 4 auditors who know exactly what auditors are looking for and how to get their pesky questions out of the way.
Apart from timely preparation of financial statements, what sets us apart is showcasing the bottom-line impact of IFRS on the business operations. Whether it is rationalizing ECL provisions in line with IFRS or setting up effective ESOP structures without drastically affecting net margins, we work closely with you finance team to ensure a smooth audit closure. Our team includes former big 4 consultants who have hands-on experience with PBCs, timely audit closures, board reporting, and managing shareholder expectations.
“Get our exclusive big-4 approved accounting memo on ‘Revenue Recognition ASC 606 Implications on Acquisition‘ and an exhaustive ‘Period Closure Checklist‘ to ensure a smooth year-end”
Services
OPERATIONAL FINANCE
Customer Invoicing, Weekly Payment Tracking, FAR Maintenance, Reimbursement Monitoring, Team Coordination for Data/Documents, Monthly Payroll Processing.
BOOK-KEEPING AND RECORD MANAGEMENT
Intercompany Calculation & Invoicing, Bank Reconciliation, Vendor Invoicing, Employee Reimbursement Accounting, Transaction Document Management, Monthly Book Closure & Provisions, Process Implementation.
PROCESS REVIEWS & GAP ANALYSIS & RECOMMENDATIONS
Automations using tech stacks most appropriate for the organisation to reduce reporting timelines, Reduction of bottlenecks and wasteful expenditures, Risk Factor Gap Analysis, Best Practice Recommendation.
FINALISATIONS AND AUDIT SUPPORT
Assistance in Annual Transfer Pricing Study Preparation of Financial Statements Working & liaising with auditors for closure of regulatory or statutory audits Working & liaising with auditors for closure of Tax Audit.
STATUTORY COMPLIANCE
Vendor TDS Compliance, Employee TDS Records & Computations, TDS Returns, GST Invoice Compliance, Sales Tax Reconciliations, Tax Computations.
MANAGEMENT REPORTING AND SUPPORT
Budget Preparation Assistance, Monthly Consolidated Financials, Key Performance Monitoring, Performance Analysis for Decision Making, ERP Implementation.
Challenges:
The client had issued complex financial instruments (compulsorily convertible debentures) which were both redeemable & also had committed coupon payments.
Solution:
Though our engagement was primarily for Ind AS implementation, we went over and above and advised the client regarding how expensive the instrument was turning out for the company. They were newly oriented regarding the factors to think about before issuing such instruments
Challenges:
For HDFC Securities, the engagement was to automate their fixed asset tagging and
verification, along with Ind AS implementation. Guess what we found? Their leases did not have a lock-in period at all.
Solution:
Not having a compulsory lock-in period is extremely risky for the lessee!
We went above and beyond the scope of the assignment and because of our subject matter expertise, we were able to advise the client accordingly on this issue.
We went above and beyond the scope of the assignment and because of our subject matter expertise, we were able to advise the client accordingly on this issue.
Challenges:
In addition to US GAAP technical accounting advisory, we also did a deep-dive into the company financials and realized a fundamental flaw in the business model of the company.
Solution:
A 3-month US GAAP engagement grew into an annual business finance solutions where we are now setting up periodic review systems – all with a focus on scaling the business in the right
direction, with the essential finance fundamentals & processes in place.
We walk the talk & help you set up all the building blocks you need to make your business ‘finomenal’.
Challenges:
Pierian Services onboarded the western world’s biggest e-commerce giant as a client. And they needed help with training the finance shared services to take up the task – a mammoth task to begin with.
Solution:
Our association began with a limited objective of training the finance function but ew tenfold and included setting up the entire processes, systems & recruitment sourcing for a team of 500+ shared services employees in the finance Center of Excellence of the organization. Talk about Putting finance forward.
inance Forward!
FROM "ACCOUNTING
SUPPORT" TO GAAP
TRANSITION &
MANAGEMENT REVIEWS
Challenges:
Our clients (having a global presence themselves) – witnessed exponential organic growth and were grappling with the accounting, since they did not have the bandwidth to set up a dedicated finance function.
Solution:
For two of our most valued off-shore clients, we began as partners to support with periodic accounting, but transitioned into strategic partners who helped them grow through an effective blend of FP&A and management consulting.
Challenges:
Today, Gupshup is a unicorn. Back when our association began (3 years ago), the requirement was to upskill the finance team with an on-premise 2-week IFRS training program.
Solution:
Through demonstrating strong subject matter expertise and the value we bring to the table, the scope of work now includes being their strategic partners in all matters financial reporting – GAAP
implementation, SAP migration, technical accounting advisory & IPO readiness.