Madras Accountancy

Keep books current, support timely month-end close, and provide review-ready reporting while reducing execution bottlenecks.

Combines bookkeeping, financial reporting, and tailored advisory support to improve financial transparency, streamline operations, and inform growth and profitability.

Helps CPA firms expand tax capacity, deliver organized review-ready work, meet deadlines, and support better-informed tax planning.

Helps CPA firms deliver complete, review-ready audit files, reduce review friction, and keep engagements on schedule.

Delegate recurring payroll and 1099 work to streamline firm workflows, reduce execution bottlenecks, and support timely, review-ready filings.

Helps CPA firms manage recurring, multi-state sales tax work with organized filings, reconciliations, and documentation.

Provides CFO-level guidance, structured financial reporting, and decision support without the cost of a full-time CFO hire.

Keep property books organized, close consistently, and prepare clear reporting for owners, investors, and CPA firm reviewers.

Accounting and Bookkeeping Services for U.S. CPA Firms

Offshore accounting and bookkeeping support tailored to U.S. CPA firms’ workflows, tools, and review standards. Services include daily transaction recording, accounts payable and receivable, reconciliations, month-end close, financial reporting, cleanup and catch-up work, and QuickBooks setup, training, and support. The team prepares organized workpapers and review-ready outputs while the firm retains client communication, final review, accounting policy decisions, and sign-off.

Category: Accounting Services

• Keep Daily Books Current
  The offshore team records routine transaction activity and supports journal entries within the firm’s process, helping keep books current and aligned to close requirements.
• Reconcile Accounts With Clear Tie-Outs
  Bank, credit card, and balance sheet reconciliations help verify account balances and provide documented tie-outs for review.
• Prepare Month-End Close Packs
  The team supports close tasks and prepares organized close materials, helping firms keep month-end work moving and ready for review.
• Fit Bookkeeping To Your Workflow
  Work is carried out using the firm’s tools, formats, and review standards so its processes stay intact and outputs are prepared for its reviewers.
• Organize Vendor Payables
  Vendor bills, payments, and credits are recorded and reconciled, with aging support to help maintain accurate accounts payable records.
• Track Customer Receivables
  Invoice, receipt, and credit entries are supported alongside AR reconciliation and aging schedules, providing visibility into receivables and collections.
• Prepare Financial Reports For Review
  Draft core and custom reports provide financial information in formats tailored to client needs and prepared for the firm’s review.
• Resolve Backlogs And Correct Book Records
  Cleanup and catch-up support addresses pending periods, opening balances, and adjustments, while documenting issues for reviewer approval.
• Deliver Organized Review Workpapers
  Organized workpapers and a clear audit trail support reviewer handoff and provide documentation for the firm’s review process.
• Protect Sensitive Financial Data
  Controlled data handling and secure access principles are built into service operations. The page identifies SOC 2 and ISO 27001 certifications in support of data security and confidentiality.
• Set Up And Use QuickBooks Efficiently
  QuickBooks setup and customization are tailored to entity, industry, and compliance needs. Hands-on training, best-practice guidance, and continued troubleshooting help the firm’s team use the software day to day.
• Track Review Changes Clearly
  Clear change notes and version control help the firm follow reviewer feedback and track updates to the work.

Client accounting and advisory services (CAAS)

Madras Accountancy’s CAAS is a customizable service for U.S. CPA firms that combines bookkeeping, financial reporting, and strategic advisory support tailored to client needs. Delivery can include transaction recording, accounts payable and receivable support, reconciliations, month-end close, and customized financial reports. The service is designed to improve financial transparency, streamline operations, and provide actionable insights to support growth and profitability.

Category: Accounting Services

• Keep Books Current
  Supports routine bookkeeping and close activities so client books stay organized and ready for reporting.
• Improve Financial Visibility
  Provides financial statements and tailored reports to make client financial information more transparent and accessible.
• Inform Business Decisions
  Provides tailored advisory support and actionable insights to help clients make decisions related to growth and profitability.
• Verify Account Balances
  Reconciliations align account activity and statements, with documented tie-outs and verification of balance sheet accounts.
• Prepare Monthly Closes
  Helps keep close tasks and reconciliations moving and assembles supporting materials for the firm’s review.
• Tailor Accounting Support
  Allows firms to define the tasks and workflow support they need, with delivery aligned to their tools, close timelines, and review standards.
• Organize Payables
  Provides structured support for vendor bills, payments, reconciliations, and aging information.
• Track Receivables
  Helps maintain accounts receivable records and provides aging information to improve visibility into collections.

Tax Preparation and Planning Services

Offshore tax preparation and documented planning support for U.S. CPA firms. The team organizes source documents, prepares returns and workpapers, and supports projections, deadline tracking, tax-related inquiries, and filing across individual, business, nonprofit, estate, trust, and Canadian tax engagements. Work is aligned to each firm’s checklists and review standards, with final technical positions and sign-off retained by the firm.

• Prepare Business Tax Returns
  Provides preparation support for partnership, corporate, and S-corporation engagements, including related allocation and K-1 workpapers, plus tracking and workpapers for multistate matters.
• Develop Documented Tax Plans
  Provides forward-looking projections and planning scenarios that reviewers can assess, helping firms support client decisions before deadlines.
• Deliver Organized Review-Ready Files
  Provides organized documentation, workpapers, and clear audit trails that support reviewer assessment and reduce the need to rebuild files.
• Prepare Individual Tax Returns
  Supports U.S. individual return preparation, including applicable forms and schedules, so CPA firms can process client returns within their established workflow.
• Support Expatriate Tax Compliance
  Helps firms manage expatriate and foreign account reporting requirements, with related planning inputs for cross-border compliance.
• E-File Finalized Tax Returns
  Supports e-filing for client returns as part of the tax service, following return preparation and finalization.
• Prepare IRS Support Materials
  Provides organized documentation and draft materials to support the firm’s response to IRS notices, inquiries, and audits.
• Align Work To Firm Processes
  Fits tax preparation and planning support to the firm’s existing process while keeping technical decisions and final approval with the firm.
• Support Estate And Trust Returns
  Helps firms prepare estate, gift, and trust tax engagements with return support, valuation workpapers, and related planning documentation.
• Prepare Nonprofit Tax Returns
  Supports exempt organization return preparation and related planning documentation to help CPA firms manage nonprofit tax engagements.
• Identify Credits And Incentives
  Adds credit and incentive identification support to tax planning engagements, with the stated aim of helping reduce tax liabilities.
• Track Extensions And Deadlines
  Helps CPA firms monitor tax deadlines and extension-related work through tracking and status reporting.
• Prepare Sales Tax Filings
  Adds sales and use tax preparation, filing, liability calculation, and notice response support to the firm’s tax workload.
• Support Canadian Tax Engagements
  Extends tax preparation support to Canadian individual, corporate, and partnership returns, with expatriate planning inputs for firms serving Canadian clients.
• Support Tax Disputes And Appeals
  Helps firms prepare supporting materials for tax dispute and appeal engagements.
• Access Tax Research Resources
  Supports tax work with access to tax professionals, verified references, and regulatory change updates.

Audit and assurance support

Audit execution and documentation support for U.S. CPA firms, aligned to each firm’s methodology, templates, and review standards. Support includes workpapers, schedules, testing documentation, and audit file organization across audits, reviews, compilations, and other assurance engagements. The CPA firm retains engagement planning, risk assessment, client communication, professional judgment, conclusions, and final sign-off.

Category: Audit and Assurance Services

• Prepare Reviewer-Ready Audit Documentation
  Receive organized workpapers, schedules, tie-outs, and disclosure support aligned to your firm’s methodology for review and approval.
• Organize Testing Evidence
  Use prepared testing packs and tracked evidence to keep audit support documentation complete and ready for your team’s review.
• Align Work To Your Methodology
  Keep execution consistent with your firm’s established formats and review requirements, reducing the need to fix mismatched documentation.
• Clear Review Notes And Organize Files
  Track changes and open items through close, then organize and archive documentation to help prepare inspection-ready files.
• Support Limited Assurance Reviews
  Access documented analytical procedures and schedules that support review of financial statement consistency and compliance.
• Document Internal Audit Work
  Use walkthrough and testing documentation, along with program trackers and issue logs, to support internal audit work and follow-up.
• Document Control Gaps And Recommendations
  Provide documented control review findings and proposed enhancements for your team’s consideration and approval.
• Prepare Organized Compilation Files
  Turn client-provided information into professionally presented compiled statements with supporting documentation organized for reviewer sign-off.
• Organize Benefit Plan Audit Evidence
  Keep benefit plan engagement workpapers and evidence organized while supporting testing and compliance documentation.
• Prepare AUP Evidence And Findings
  Receive objective procedure documentation and findings organized for your review and sign-off.
• Prepare Audit Response Support Packs
  Give your team organized documents, summaries, and draft inputs to support responses to IRS and state sales tax audit inquiries.
• Protect Sensitive Audit Files
  Use role-based access and controlled data handling as part of a security program supporting the handling of sensitive audit engagement files.
• Document Forecast Assumptions
  Use organized workpapers and documented assumptions to support review of forecasts, projections, and planning inputs.

Payroll and 1099 Services

Offshore payroll and 1099 support for U.S. CPA firms, aligned with their workflows and review processes. Services include payroll processing across frequencies, net pay calculations, payroll records and reconciliations, federal and state tax reporting support, W-2/W-3 preparation, and 1099 preparation, validation, and filing assistance. The team also supports contractor payment and withholding reviews, executive payroll, payroll advisory, and work within common payroll platforms.

• Process Payroll Across Flexible Schedules
  Support for different payroll frequencies and custom cycles helps firms handle recurring payroll work according to each business’s schedule.
• Prepare, Validate, And File 1099 Forms
  Preparation, validation, e-filing, printing, and mailing support helps firms manage 1099 work through the filing process, including during peak season.
• Support Federal And State Payroll Tax Filings
  Support for federal and state reporting, applicable forms, and compliance tracking helps firms manage recurring payroll tax requirements.
• Prepare Reviewer-Ready W-2 And W-3 Packs
  W-2 and W-3 preparation packs and a structured checklist help firms organize year-end payroll work for review and timely completion.
• Calculate Net Pay From Wage And W-4 Details
  Net pay calculations use gross wages and Form W-4 details to support payroll preparation.
• Reconcile Payroll With Accounting And Tax Records
  Payroll reconciliations connect payroll information with accounting and tax records and provide support for review.
• Review Contractor Payments And 1099 Eligibility
  Payment analysis, vendor eligibility identification, withholding checks, and issue lists support review of contractor-related 1099 requirements.
• Align Payroll Support With Existing Workflows
  Working within the firm’s workflow, common payroll platforms, and reporting formats supports integration with its existing processes.
• Protect Sensitive Payroll Data
  Secure access principles and controlled data handling are built into the delivery process for sensitive payroll information.
• Maintain Transparent Payroll Records
  Payroll period records and tracking provide documentation of payroll activity for the firm’s workflow.
• Improve Payroll Processes And Compliance
  Advisory inputs, checklists, process fixes, and exception handling support firms’ payroll tax management and statutory compliance work.
• Support Executive Compensation Reporting
  Executive payroll support is tailored to compensation structures and reporting requirements.

Sales Tax Compliance

Sales tax compliance support for U.S. CPA firms, including calculations, return preparation and filing, payment-ready liability summaries, reconciliations, exemption documentation, and notice and audit support. The offshore team supports multi-state workflows and filing schedules, while the CPA firm retains final nexus and registration decisions, reviewer judgments, and sign-off.

• Support Timely Multi-State Filings
  Organizes return preparation and filing support across states and filing periods, with schedules and confirmations documented for review.
• Prepare Reviewer-Ready Calculations
  Provides documented calculations and exception lists to help reviewers assess sales tax amounts and issues.
• Prepare Payment-Ready Summaries
  Summarizes liabilities by jurisdiction and period and documents remittance confirmations to support timely payment workflows.
• Reconcile Tax Data To Records
  Connects sales tax activity with accounting records and highlights discrepancies for reviewer attention.
• Track State Filings And Deadlines
  Provides structured calendars and status reporting for recurring filings across multiple states and periods.
• Organize Exemption Documentation
  Keeps exemption documentation organized and supports reviewer assessment of exemptions and taxability.
• Prepare Notice And Audit Support Packs
  Organizes documents and draft response materials to support the firm’s work on notices and state-level audit inquiries.
• Support Sales Tax Registration
  Assists with registration tasks while leaving final registration decisions and strategy with the CPA firm.
• Protect Sensitive Tax Data
  Uses controlled data handling and secure access practices for sales tax information, supported by the company’s stated security controls.

Fractional CFO Services

Part-time CFO-level support for U.S. CPA firms and their clients, delivered through a defined monthly cadence without hiring a full-time CFO. Services include financial roadmaps, forecasting, budgeting, scenario planning, cash flow and working capital analysis, performance monitoring, management reporting, profitability analysis, revenue recognition support, consolidations, KPI evaluation, and finance operations improvements. Engagements can scale with changing needs, including fundraising, expansion, or restructuring. The CPA firm retains client ownership, final business decisions, approvals, tax strategy positions, and final reporting sign-off.

Category: Fractional CFO Services

• Plan With Financial Forecasts
  Forecasts provide forward-looking views of revenue, expenses, and cash flows, linked to business plans and operating goals.
• Track Results Against Plans
  Budgeting and variance analysis show how results differ from plans and provide inputs on what to address next.
• Improve Cash Flow Visibility
  Cash flow and working capital analysis supports liquidity planning, expense prioritization, and accounts receivable and payable processes.
• Turn Reports Into Actions
  Regular reporting packs and reviews connect financial information to trends, updated forecasts, and action lists.
• Clarify Financial Priorities
  A financial roadmap defines key metrics, reporting approaches, and the decisions they are intended to support.
• Compare Options With Scenarios
  Scenario planning puts alternative options into financial terms to support leadership decisions.
• Identify Profitability Drivers
  Financial and profitability analysis highlights performance patterns, margin leaks, and potential expansion opportunities.
• Flag Financial Risks Early
  Risk inputs identify financial and operational issues for attention, while process improvements support repeatable reporting.
• Track Relevant Performance Metrics
  KPI definition and evaluation focus performance monitoring on industry-specific measures.
• Scale Support As Needs Change
  The engagement can adapt to periods of change and reduce as reporting stabilizes, with a setup phase followed by a monthly cadence.
• Maintain Revenue Schedules
  Revenue recognition support and schedule maintenance help keep revenue records aligned with industry needs.
• Prepare Reviewer-Ready Financials
  Reporting support includes financial statement preparation, reviewer-ready packs, U.S. GAAP-aligned compilation and review report support, and control account reconciliation.
• Improve Finance Operations
  Process fixes, close discipline, and controls support improvements to finance operations.
• Consolidate Group Financials
  Consolidation and intercompany reconciliation support financial reporting for business groups.

Real estate and property management accounting

Offshore property accounting support for U.S. CPA firms serving property managers, real estate investors, and real estate groups. The service includes property and portfolio bookkeeping, accounts payable and receivable support, reconciliations, lease administration, month-end close, financial analysis, and draft owner or investor reporting. Work is aligned to the firm’s workflows, reporting cadence, and review standards, with organized documentation and support for audit, lender, and investor reporting requests.

Category: Accounting Services

• Organize Property And Portfolio Records
  Property-level bookkeeping and schedules help firms maintain organized records across individual properties and broader portfolios, including different entities and owners.
• Track Property Payables And Receivables
  Structured support for vendor bills, payments, rent roll inputs, and receipts helps firms keep property-related payables and receivables organized and visible.
• Track Lease Terms And Key Dates
  Organized lease information, dates, renewals, and escalation tracking helps firms maintain documentation and monitor lease-related requirements.
• Prepare Consistent Property Close Packs
  Close support brings accruals, reclasses, tie-outs, and supporting schedules together in organized packs for the firm’s review.
• Prepare Owner And Investor Reports
  Draft reporting packs consolidate property and portfolio information into performance summaries and variance notes for owners, investors, and reviewers.
• Reconcile Property Financial Activity
  Reconciliations and supporting schedules provide clear tie-outs for reviewer approval and help maintain consistent property accounting records.
• Review Property Performance Trends
  Performance summaries and variance support help surface operating trends and items that may need reviewer or partner attention.
• Organize Documentation For Reporting Requests
  Organized documentation and supporting schedules help firms prepare files for audits, lender requests, and investor reporting cycles.
• Resolve Property Accounting Backlogs
  Catch-up work and historical reconciliations help firms organize outstanding periods and document issues for review.
• Align Workflows With Existing Tools
  Working with the firm’s current tools and establishing related trackers and reporting workflows supports integration with existing property accounting processes.