Skip to content
The Classic Partners LLP · Bookkeeping & Accounting

Offshore Accounting

An India-based team working inside your systems, on your reporting framework, with an overlap window that means questions get answered the same day.

Quick answer

Offshore accounting means an India-based team maintains your books inside your own systems and under the reporting framework you report on — US GAAP, UK GAAP under FRS 102, or IFRS — rather than under Indian standards. It is used both by overseas businesses with no finance staff and by accounting and CPA firms extending capacity, and the arrangements that work are the ones where the review layer, the working-paper standard and the access controls are agreed before the first file moves.

What we cover

What our offshore accounting covers

Your systems, your framework, your working paper standard.

  • Bookkeeping and monthly close under US GAAP, FRS 102 or IFRS
  • Working papers prepared to your firm's own template and standard
  • Year-end file preparation and audit query support
  • Management accounts produced in your existing reporting format
  • Payables, receivables and payroll journal processing
  • Defined turnaround times with an agreed daily overlap window
Key components

What makes an offshore arrangement work

Four things settled before any client file moves.

🌍

Framework fit

The team works natively in your reporting framework rather than preparing Indian-format accounts and translating them afterwards.

📄

Working paper standard

Files built to your template, so your reviewer opens something familiar instead of learning a new format each month.

🕐

Overlap window

An agreed daily window when the team is available live, which is what keeps queries from costing a full day each.

🔐

Data handling

Scoped system access, non-disclosure terms, restricted-team working and a documented process for how client data is stored and moved.

How we work

Our process

How offshore engagements are built up safely.

1

Pilot file

One entity or one client file run end to end, so both sides see the real output before scaling.

2

Standardisation

Templates, naming, review notes and turnaround times fixed from what the pilot taught.

3

Scale

Volume added in defined increments rather than all at once.

4

Review cadence

Regular quality review against the agreed standard, with findings fed back into the process.

Why choose us

Why offshore engagements succeed or fail

What sets our approach apart.

Framework knowledge, not translation

A team that knows the framework you report under produces files your reviewer can sign; a team translating from Indian format produces rework.

Capacity that flexes

Busy-season peaks are absorbed without you hiring for a load that exists three months a year.

Controls agreed before data moves

Access scoping, confidentiality terms and data-handling arrangements are settled at the start, not raised after the first file transfer.

FAQs

Offshore Accounting questions answered

What people ask before engaging us.

Commonly US GAAP, UK GAAP under FRS 102 and IFRS, alongside Indian GAAP and Ind AS for Indian entities. Where a group reports under one framework and its Indian subsidiary under another, the team maintains both views rather than converting at year end.
Engagements are set up with an agreed daily overlap window during which the team is available live for queries and calls, with the rest of the work done outside your hours. In practice this means work you hand over at the end of your day is progressed before your next morning.
Through scoped system access rather than blanket credentials, non-disclosure terms covering the engagement and the individuals on it, restricted-team working so files are visible only to those assigned, and a written process covering how data is stored and transferred. The specifics are agreed and documented before the first file moves.
Yes. That model is common: the team works within your systems and templates, delivers to your review standard, and your client relationship stays entirely with you. Your reviewer sits above the work exactly as with an in-house junior.

Extending capacity or setting up an offshore team?

We will run a pilot file on your framework and template before anything scales.

Scroll to Top