Chartered Accountants · Bengaluru, India
Indian statutory compliance|Cross-border reporting|IST–EST working overlap
Practice Controllership Compliance Cross-border Standards Outcomes Governance Comparison Scope Engagement Principal Contact
Outsourced financial control & CFO services

Financial control for companies that report under more than one rulebook.

YASKAA Consultants runs the finance function for growing companies and cross-border groups — the month-end close, the statutory calendar, the consolidation and the reporting that the board, the auditor and the regulator each rely on. Led by a Chartered Accountant, delivered on a published calendar, reconciled before it is circulated.

14+years in controllership
and close management
D+5standard month-end
close commitment
2jurisdictions reported
from a single set of books
Month-end close summary
Period ended 31 July · Group
Closed · tied out
Close completedWorking day 4
Entities consolidated7
Intercompany balance, netNil
Bank accounts reconciled14 of 14
Statutory filings dueAll filed
Unexplained variances > 5%None
Open audit points2 — owner assigned
Prepared and reviewed · YASKAA Consultants Ties to general ledger

Illustrative close summary. Every figure in a YASKAA deliverable agrees to the general ledger before it is issued.

The practice

Four service lines. One standard of work.

Most engagements begin in one line and widen as the group does. Select a service to see its scope, deliverables and cadence.

Financial Controller

 

Principal deliverables
    Engagement depth
    Reporting cadence
    Typically suits
    Basis of fee
    Financial control

    A close that finishes, on a date you can plan around.

    A month-end close is a manufacturing process, not an act of discovery. It has a fixed sequence, a fixed calendar and a defined output. Ours runs to working day five as standard, and the pack is not circulated until every schedule agrees to the general ledger.

    The consequence matters more than the mechanics: a board that receives reliable numbers on a predictable date makes decisions on a different footing to one that receives them three weeks late with a caveat attached.

    Working day 1–2
    Sub-ledger cut-off, bank and payment gateway feeds imported, payroll journal posted, accruals and prepayments raised
    Working day 2–3
    Bank, receivable, payable, intercompany, inventory and fixed asset reconciliations completed and signed
    Working day 3–4
    Revenue cut-off review, statutory dues verified, foreign currency revaluation, consolidation and eliminations posted
    Working day 4–5
    Variance analysis against budget and prior period, commentary drafted, pack reviewed and issued
    Continuous
    Rolling thirteen-week cash forecast rebuilt weekly; compliance calendar reviewed against the month ahead
    Indian statutory compliance

    Interest and penalty are almost always a calendar failure.

    Rarely is a notice the result of a difficult technical position. Far more often it follows a due date that no one owned. Every registration a group holds is tracked in one calendar, with a working-days buffer, a named preparer, a named reviewer and evidence filed against each item.

    GST

    Goods and services tax

    GSTR-1, GSTR-3B and the annual return with reconciliation statement. Input credit reconciled to GSTR-2B each month, e-invoicing and e-way bill compliance, reverse charge review and written positions on contested credits.

    TDS

    Withholding tax

    Monthly deposits, quarterly returns in Forms 24Q, 26Q and 27Q, issue of Forms 16 and 16A, lower-deduction certificate tracking and withholding analysis on cross-border payments.

    PF & ESI

    Payroll statutory

    Electronic challan filing, universal account number hygiene, treatment of the wage ceiling, compliance with Section 6 of the Employees' Provident Funds Act and readiness for the Labour Code restructuring.

    MCA

    Corporate secretarial

    Annual filings in Forms AOC-4 and MGT-7, director KYC, deposit returns, maintenance of statutory registers and support for board and general meeting documentation.

    Income tax

    Direct tax

    Advance tax computation, co-ordination of the tax audit, return filing support, and certification under Forms 15CA and 15CB for foreign remittance.

    Assessments

    Notices and proceedings

    Response drafting, submission preparation, reconciliation of departmental data to books, and co-ordination of representation before the authorities.

    Cross-border

    Groups fail at the seams, not in the middle.

    An intercompany balance that never nets. A foreign parent presented inside the domestic sub-total. A mark-up nobody can substantiate when it is finally questioned. Cross-border consolidation is built so those seams are visible by design rather than discovered in the audit.

    01

    Consolidation and presentation

    Tax-filer entities presented with their own sub-total, the foreign parent shown separately, eliminations in a dedicated column, and a total that ties across both the balance sheet and the income statement.

    02

    Transfer pricing

    Intercompany agreements, cost-plus policy, allocation keys and contemporaneous documentation prepared so the position holds when it is examined rather than when it is drafted.

    03

    Exchange control

    Foreign direct and overseas investment reporting, Form FC-GPR, the annual return on foreign liabilities and assets, FIRMS filings and external commercial borrowing compliance where applicable.

    04

    Intercompany discipline

    Monthly reconciliation with a two-sided sign-off. Balances net to nil at group level before the pack is released; exceptions are resolved rather than carried forward.

    05

    Wind-down and closure

    Entity closures run as a project with owners and dates: final payroll, retirement plan termination, receivable collection, vendor and utility settlement, insurance cancellation, lease exit and statutory de-registration.

    06

    Audit and adviser liaison

    A single point of contact across jurisdictions. Ownership of the requested-items list, schedules prepared in advance, and queries answered within two working days.

    Filings in foreign jurisdictions are prepared in co-ordination with locally licensed advisers. YASKAA Consultants owns the preparation, reconciliation and consolidation; it does not hold itself out as licensed to file outside India.

    Workbooks
    Live formulas throughout. No hard-coded values, no plug figures, no broken links. A check row on every schedule that tests itself and reports its own breaks.
    Assumptions
    A single input sheet. Assumptions are never buried inside a formula, and every one carries a source note.
    Convention
    Consistent colour coding — inputs, calculations, links and external references each distinguishable at a glance.
    Attribution
    Every deliverable carries a header, a period, a source, a preparer and a reviewer.
    Version control
    A change log on every recurring workbook, so a figure that moved can be explained months later.
    Documentation
    Written standard operating procedures for every recurring process, maintained as the process changes.
    Standards of work

    Built to be handed to an auditor without preparation.

    The test we apply to our own output is simple: could this be passed to a reviewer who has never seen it, and would they be able to follow it without a conversation? A model that requires its author present to be understood is not finished work.

    This is also what makes an engagement reversible. Everything is documented, so a client who chooses to bring the function in-house can do so without a rebuild.

    Outcomes

    What changes in the first two quarters.

    A finance function is judged on three things: how quickly it closes, how much the auditor has to correct, and how much of the founder's week it consumes. All three should move in the same direction, and should keep moving.

    Working day 5
    The close commitment, held month after month rather than achieved once
    Materially fewer
    Audit adjustments, once a full year has run on the standard close checklist
    Two days
    Turnaround on information requests from auditors, lenders and investors
    A few hours
    Of founder or promoter time required each month once the cadence is established

    These describe the intended operating standard of the engagement and typical experience across comparable mandates. They are not a guarantee of outcome. Actual improvement depends on the opening condition of the books, the maturity of the accounting system and the availability of underlying records.

    Governance, confidentiality and continuity

    Obligations that exist whether or not the contract says so.

    Bank, payroll and tax records are handled under the confidentiality obligations that attach to a Chartered Accountant in practice, not merely under a clause in an engagement letter.

    01

    Access and segregation

    Confidentiality executed before any credential is shared. Named-user access on a least-privilege basis, maker–checker enforced on every payment run, and a documented delegation of authority tested at each close.

    02

    Record retention

    Books, working papers and filings retained on a schedule aligned to the Companies Act and the Income-tax Act, and produced on request during and after the engagement.

    03

    Independence and conflicts

    Conflict and independence checks completed before acceptance. Where an engagement would compromise either, it is declined and the reason given.

    04

    Continuity of service

    Every recurring process has a written procedure and a named alternate within the firm. Leave, illness and travel do not place a statutory deadline at risk.

    05

    Escalation

    Notices, account freezes, demands and audit escalations receive a same-day acknowledgement and a written plan of action within one working day.

    06

    Orderly exit

    On conclusion — planned or otherwise — the client receives procedures, the compliance calendar, model documentation, a credentials index and an open-items log. Nothing material leaves with us.

    Comparison

    Which service line fits the position you are in.

    Companies commonly begin on the Compliance Retainer or the Financial Controller line and widen scope as entity count, reporting obligations and board expectations grow.

      Financial ControllerService line I Virtual CFOService line II Compliance RetainerService line III Cross-Border & TransactionsService line IV
    Primary responsibility Ownership of the close, the controls and the reporting Ownership of the forward view, cash and board reporting Ownership of the statutory calendar Ownership of a defined mandate
    Cadence Monthly close to working day five; weekly cash Monthly board reporting; quarterly reforecast Monthly, quarterly and annual filing calendar Milestone plan with agreed dates
    Reporting output Full management pack with variance commentary Board pack, cash view, covenant and investor reporting Filing status report and compliance dashboard Milestone reporting and a closing memorandum
    Indian compliance Included Included Included As the mandate requires
    Consolidation Multi-entity, domestic Multi-entity, domestic Not included Multi-entity, multi-currency, cross-border
    Accounting system work Configuration, saved searches, workflow and close checklist Reporting layer and dashboards Works within the existing setup Migration, remediation and cut-over
    Board and investor On request Included Not included On request
    Audit ownership Requested-items list owned, schedules prepared, auditor liaison Oversight and technical positions Support only Full ownership where in scope
    Typically suits Companies with an accounting team but no controller Companies with a controller but no finance leadership Lean teams whose books are current but whose calendar is not owned Groups facing a defined event — a first consolidation, a closure, a diligence
    Basis of fee Monthly retainer Monthly retainer Monthly retainer Fixed fee against milestones

    Scroll the table horizontally to compare all four service lines.

    Scope of services

    The full statement of capability.

    Set out in full so that scope is agreed before an engagement begins rather than negotiated during it.

    Close cadence
    Monthly, to working day five as standard. Working day three is achievable on a clean single-entity ledger with automated bank feeds.
    Management pack
    Profit and loss, balance sheet, cash flow statement, key indicator summary, variance commentary against budget and prior period, and a standing risk register.
    Consolidation
    Multi-entity and multi-currency, with an explicit eliminations column and a total that ties across both the balance sheet and the income statement.
    Reconciliations
    Bank, trade receivable, trade payable, intercompany, payroll, inventory, fixed asset register and statutory dues — each prepared, reviewed and signed.
    Cash management
    Rolling thirteen-week forecast rebuilt weekly from bank data, receivable ageing and the payables run, with scenario and sensitivity toggles.
    Planning
    Annual operating plan, quarterly reforecast, and a budget-to-actual bridge decomposed by driver rather than by account.
    Tie-out policy
    Every schedule agrees to the general ledger before issue. Differences are disclosed on the face of the pack and never absorbed into a balancing figure.
    Goods and services tax
    GSTR-1, GSTR-3B, annual return and reconciliation statement, e-invoicing, e-way bills, input credit reconciliation to GSTR-2B, and reverse charge review.
    Withholding tax
    Monthly deposits, quarterly returns in Forms 24Q, 26Q and 27Q, issue of Forms 16 and 16A, and lower-deduction certificate tracking.
    Provident fund
    Electronic challan-cum-return filing, universal account number hygiene, wage ceiling treatment, Section 6 compliance and Labour Code readiness.
    Employees' State Insurance
    Contribution filing, wage limit monitoring, and support during inspection.
    State levies
    Professional tax and labour welfare fund across the states in which the client is registered.
    Corporate secretarial
    Forms AOC-4 and MGT-7, director KYC, Form DPT-3, statutory registers, and board and general meeting documentation support.
    Direct tax
    Advance tax computation, tax audit co-ordination, return filing support, and certification under Forms 15CA and 15CB.
    Proceedings
    Notice response, submission drafting, reconciliation of departmental data to the books, and co-ordination of representation.
    Group presentation
    Tax-filer entities with their own sub-total, foreign parent shown separately, a dedicated eliminations column, and a total that ties across both primary statements.
    Foreign filings
    Preparation and reconciliation in co-ordination with locally licensed advisers; nexus and registration reviews; annual information return support.
    Transfer pricing
    Intercompany agreements, cost-plus policy, allocation keys and contemporaneous documentation.
    Exchange control
    Foreign direct and overseas investment reporting, Form FC-GPR, the annual return on foreign liabilities and assets, and FIRMS filings.
    Treasury
    Exposure mapping, hedging policy sized to actual exposure, and documentation for inward and outward remittance.
    Wind-down
    Final payroll, retirement plan termination, receivable collection, vendor and utility settlement, insurance cancellation, lease exit and statutory de-registration.
    Accounting systems
    NetSuite as the principal platform, with working depth in Tally Prime, Zoho Books and QuickBooks.
    NetSuite
    Chart of accounts and segment design, saved searches, workflow and approval routing, multi-book accounting, and the period close checklist.
    Business intelligence
    Power BI — semantic models, calculated measures, row-level security, drill-through to transaction level and scheduled refresh.
    Financial modelling
    Three-statement models, thirteen-week cash, unit economics, scenario and sensitivity analysis, and support for valuation exercises.
    Automation
    Power Query, structured Excel templates and rules-based reconciliation routines that reduce manual handling at each close.
    Payroll platforms
    Works alongside the platforms commonly used in India and the United States rather than requiring a change of provider.
    Controls
    Maker–checker, delegation of authority matrix, month-end checklist and a maintained library of standard operating procedures.
    Engagement depth
    Fractional — approximately ten days a month. Embedded — twenty days a month or more, where the group's size or reporting obligations require it.
    Minimum term
    Three months on a retainer basis. Defined mandates are scoped to milestones rather than to a period.
    Notice
    Thirty days, exercisable by either party.
    Basis of fee
    Determined after a scoping review, by reference to entity count, transaction volume, the condition of the accounting system and the statutory scope required. Work outside agreed scope is quoted and approved before it begins.
    Engagement letter
    Every engagement is governed by a written letter recording scope, deliverables, cadence, fee basis and the responsibilities of each party.
    Ownership of work
    All workbooks, dashboards, procedures and templates prepared during the engagement belong to the client and are delivered in native, editable form with documentation.
    Conclusion
    A documented handover comprising procedures, the compliance calendar, model documentation, a credentials index and an open-items log.
    How an engagement begins

    Four steps, and a written view before you commit.

    No engagement starts without a diagnostic, because scope agreed on assumption is scope renegotiated later.

    Step one

    Scoping conversation

    Thirty minutes to establish entity structure, reporting obligations, the current state of the books and what is actually causing difficulty.

    Step two

    Diagnostic review

    A structured review of the ledger, the compliance position, the accounting system and the control environment, issued as a written report with findings ranked by exposure.

    Step three

    Proposal and engagement letter

    Scope, deliverables, cadence, service levels and fee basis recorded in writing, together with what falls outside scope.

    Step four

    Transition

    Handover from the incumbent, remediation of any backlog run in parallel with the current period, and the first management pack issued at the end of the first full month.

    The diagnostic report is issued to the client whether or not the engagement proceeds.

    The principal
    Sudheer Gandham, Chartered Accountant, Founder and Managing Director of YASKAA Consultants

    Sudheer Gandham

    Chartered Accountant and founder of YASKAA Consultants. His practice sits at the point where Indian statutory compliance meets cross-border reporting — running finance functions for companies that must satisfy the Indian regulator, a foreign parent and an audit committee from the same set of books.

    Fourteen years of controllership across manufacturing, technology and clinical services, with hands-on depth in NetSuite, Power BI and financial modelling. He has taken groups through first-time consolidation, transfer pricing documentation, audit remediation and orderly entity closure — and prefers to be told early when something looks wrong, which is the standard he holds himself to in return.

    Qualification
    Chartered Accountant, Institute of Chartered Accountants of India
    Position
    Founder and Managing Director, YASKAA Consultants
    Location
    Bengaluru, Karnataka — delivering to clients in India and the United States
    Sectors
    Technology and software, manufacturing, clinical and healthcare services, professional services
    Languages
    English, Telugu, Hindi, Kannada
    Contact

    Request a consultation.

    Thirty minutes, without obligation. You will receive a written view of where the finance function stands and what the first ninety days would involve.

    Firm
    YASKAA Consultants
    Chartered Accountants
    Office
    Bengaluru, Karnataka, India
    Email
    helpdesk@yaskaa.com
    LinkedIn
    Sudheer Gandham
    Hours
    Monday to Friday, Indian Standard Time
    Scheduled IST–EST overlap for clients in the United States
    Principal
    Sudheer Gandham, Chartered Accountant
    Founder and Managing Director
    Web
    yaskaa.com/consultants

    Enquiries submitted through the form opposite are delivered to helpdesk@yaskaa.com. Correspondence may also be sent to that address directly.

    Please enter your name.
    Please enter your company.
    Please enter a valid email address.
    Please check the number.

    Submissions are delivered through Netlify Forms once the site is published. Enable notifications in your Netlify project to receive each enquiry by email.

    Enquiry received

    Thank you. You will receive a response within one working day, with a short pre-call questionnaire attached.