Industries · Startups
Accounting and virtual CFO services for startups
Bookkeeping that survives due diligence, a burn and runway number you can trust every month, and investor reporting that goes out on time. We run the finance function so founders can run the company, for startups anywhere in India.
What’s different here
Startup finance is judged twice: by your runway and by your next investor.
Runway is the number that matters most
A startup doesn’t fail because the P&L shows a loss; it was always going to. It fails when the cash runs out before the next milestone or the next round. That makes burn and runway the first numbers a founder needs, every month, and they are only as good as the books under them.
Investors will read your books one day
Every round ends in due diligence. Books kept loosely in the first two years — founder expenses mixed in, revenue booked when cash arrived, GST and TDS never reconciled — are what turn a signed term sheet into a delayed close or a lower price.
The board wants a pack, not a spreadsheet
Once there is an investor on the cap table, there is a monthly or quarterly update to send: revenue, burn, runway, the metrics you promised to track, and an honest line on what went wrong. Founders who write it themselves write it late.
Compliance starts before revenue does
TDS on every freelancer and contractor, GST from registration, export invoices under a Letter of Undertaking if you bill overseas customers, and subscription revenue that has to be spread over the period it covers rather than booked on the day it is paid.
What we run for you
Everything a funded startup’s finance function should do.
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01
Bookkeeping built for diligence
A chart of accounts that maps to how investors read a startup, revenue recognised correctly from the first invoice, and founder and company spending kept apart. Clean from day one is far cheaper than cleaned up in week one of a raise.
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02
Burn, runway and a rolling forecast
Gross and net burn every month, runway in months at today’s spend, and a rolling forecast that shows when you need to raise — so the fundraise starts early enough to be on your terms.
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03
The monthly investor update
A consistent pack for your board and investors: headline numbers, the metrics that matter for your model, variance against plan and the commentary behind it, delivered on the same day every month.
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04
A data room before anyone asks
Reconciled books, GST and TDS tied to the returns, key contracts and a financial model that agrees with the actuals — kept current, so due diligence becomes a download rather than a fire drill.
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05
GST and TDS without founder time
TDS on vendors and freelancers, GST returns and GSTR-2B reconciliation, and export-of-services invoicing under a Letter of Undertaking where you bill overseas customers.
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06
A finance head when you need one
Virtual CFO time for the moments that call for it — pricing, the fundraise model, a lender conversation — without hiring a full-time CFO before the business can carry one.
OFS is not a firm of chartered accountants. We prepare, reconcile, forecast and report; audit, certification and representation before the authorities stay with your own CA.
Free tools for startups
Startups — questions we get asked
What bookkeeping services do startups in India need?
At minimum: monthly bookkeeping on an accrual basis, bank and payment-gateway reconciliation, GST returns, and TDS on payments to freelancers, contractors and landlords. Once you have raised money, add a monthly MIS for investors and a rolling cash forecast. We run all of it for startups anywhere in India.
When should a startup get a virtual CFO?
Usually around the first institutional raise, or earlier if you are carrying debt, running out of runway, or preparing projections for investors. Before that, clean bookkeeping and a monthly burn number are what you need. We will tell you honestly which stage you are at.
Can you get our books ready for due diligence?
Yes. We clean up and reconcile the books, tie GST and TDS to the returns filed, separate founder and company transactions, and assemble the financial side of the data room. We do not conduct the due diligence or issue any certificate or attest report; that is for the investor’s advisers and your own CA.
Do you handle ROC filings, valuations or FEMA compliance?
No. OFS is not a firm of chartered accountants or company secretaries, and those are reserved or specialist work. We keep the books and records those filings are prepared from, and work alongside your CA and CS so they get clean numbers on time.
How much does startup accounting cost?
Bookkeeping starts at ₹20,000 a month and full outsourced accounting at ₹45,000 a month; a virtual CFO engagement including the accounting underneath starts at ₹90,000 a month. Early-stage startups with low transaction volumes usually sit at the lower end. The fee is fixed monthly and agreed in writing before you commit.
Serving businesses across India
Find out your real runway.
On a 30-minute call we’ll go through your last three months of numbers and show you your true burn and how many months of cash you have. No cost and no obligation.
Delivered within 24 working hours, or next month is on us. 24 working hours from the moment we have your complete data. The clock runs Monday to Saturday and pauses on Sundays and public holidays. Terms