There are 2 Companies in Bangalore
that provide Financial Accounting Services!

Bangalore or Bengaluru is often called the Silicon Valley of India, as it’s the leading IT hub in the country, with over 60K tech companies and lots of IT professionals operating in the city.

Bangalore’s growth began in the 1980s, when local IT companies like Infosys and Wipro started to emerge and train/recruit skilled professionals. Local universities contributed to the growth of the local talent pool and also support from the government helped the IT sector progress.

It’s home to multiple tech parks, hosting local and multinational companies that contribute significantly to the growth of the national economy. Some of the most prominent IT parks are: Electronic City Tech Park, ITPL, Bagmane, RMZ Infinity, Mind Comp and more. 

Large IT corporations like Microsoft, Oracle, IBM, Cisco, Infosys, Wipro, TCS, Cognizant and many more have their offices in Bangalore, offering a wide range of IT jobs for local workers.

According to different sources, between 2019 and 2021, Bangalore received about $17B in funding for startups, being an absolute national leader by the investment amount in the tech industry.

People from various parts of the country choose to move to Bangalore because of the pleasant weather (compared to other states), tech job opportunities and higher salaries, and the city’s cosmopolitan vibe.

There are about 400 tech companies from Bangalore registered on TechBehmonths. They offer a broad range of services and usually have a reasonable price range. 

If you have a project and are looking to hire IT service providers from India, Bangalore might be a good city to start with. You can either use the advanced filter on our website to shortlist the companies or submit your project requirements and receive a list of curated companies.

Our platform allows you to get in touch with tech companies and hire them to execute your projects. This service is free of charge and you’re not obliged to hire companies that don’t meet your business requirements.

Financial accounting services are the backbone of sound financial management for businesses. These services encompass the recording, reporting, and analysis of financial transactions, ensuring accuracy and compliance with regulations.

IT companies have expanded their services to include financial accounting through specialized software solutions. Some well-known IT companies offering financial accounting services include Intuit (QuickBooks), Sage, and Xero. These companies provide accounting software and cloud-based platforms designed to streamline financial processes, but other smaller service providers are also a good option to take into consideration, as their price range may be lower and the quality of their services could be the same or even better.

IT companies offering financial accounting services are generally reliable. They provide robust software solutions that simplify financial record-keeping and reporting. However, the effectiveness of these services depends on the specific needs and complexities of the business. For more intricate accounting requirements, many businesses still seek the expertise of traditional accounting firms or certified public accountants (CPAs).

Financial accounting service providers utilize a range of tools and technologies, including accounting software such as QuickBooks, Sage 50, and Xero. They also rely on financial modeling and forecasting software, data analytics tools, and financial reporting platforms. Cloud-based accounting solutions have become increasingly popular for remote access and real-time financial insights.

Financial accounting is closely related to various financial and advisory services, including:

• Auditing

• Taxation Services

• Financial Consulting

• Bookkeeping

• Financial Reporting

Financial accounting focuses on routine financial record-keeping, reporting, and compliance with accounting standards. On the other hand,  audit services involve independent reviews of financial records to verify their accuracy and completeness. At the same time, due diligence services are comprehensive assessments conducted before business transactions to assess risks and opportunities. That's why you should always make a difference between these services and choose the right one for your business. 

While on this pages you can find financial accounting service providers, we strongly recommend visiting the Audit and Due Diligence dedicated pages where you can explore relevant vendors in case you need their services in addition or combined with the Financial accounting services. 

Selecting the best IT company for financial accounting services involves evaluating the software's features, ease of use, scalability, and integration capabilities with existing systems. Additionally, consider the provider's reputation, customer support, and the availability of industry-specific solutions.

Financial accounting providers are essential for various projects and business needs, including:

• Small Business Accounting: Managing financial records and payroll.

• Financial Reporting: Preparing financial statements for shareholders and regulators.

• Budgeting and Forecasting: Creating financial plans and projections.

• Tax Compliance: Ensuring accurate tax reporting and payments.

• Investor Relations: Providing transparent financial information to investors.

• Mergers and Acquisitions: Consolidating financial data during business transactions.

Of course, besides these projects and business needs, financial accounting can be used for other purposes as well. It depends on the particular business needs in general. 

Also, financial accounting services are critical for companies of all sizes and industries, including the one from the list below, but, of course not limited to them:

• Small and Medium-sized Enterprises (SMEs): Managing day-to-day finances efficiently.

• Corporations: Ensuring accurate financial reporting and compliance.

• Startups: Establishing sound financial practices from the outset.

• Nonprofit Organizations: Managing donations and grants transparently.

• Government Agencies: Maintaining accurate financial records and reporting.

As for the cost of financial accounting services, they can vary widely depending on the complexity of financial processes, the volume of transactions, and the chosen software or service provider. In the US for example, small business accounting software subscriptions can start at around $20 per month, while customized accounting solutions for larger businesses can range from several hundred to thousands of dollars per month. Costs in the UK and Australia follow a similar range, with variations based on specific business needs and software features. It's advisable to obtain quotes and assess the suitability of the chosen solution or service provider for your business's financial requirements.