Quick summary
From outsourced bookkeeping to virtual CFO services, Mumbai has a deep talent pool for accounting. Here's how to find the right level of support for your business.
Accounting service tiers in Mumbai
What different levels of accounting support cost in Mumbai (2026):
- Basic bookkeeping (GST + bank recon): ₹4,000–₹10,000/month
- Full compliance (bookkeeping + TDS + payroll): ₹10,000–₹20,000/month
- Outsourced controller (MIS + board reporting): ₹20,000–₹50,000/month
- Virtual / fractional CFO: ₹60,000–₹1,50,000/month
What Mumbai-based businesses should look for
For trading companies: ensure the accountant understands FIFO/LIFO inventory valuation and its GST implications. For real estate or construction: percentage of completion method for revenue recognition. For BFSI-adjacent startups: FEMA compliance for foreign capital, ECB reporting, and RBI filings.
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