Accounting for Freelancers & Consultants

Who Needs This

When You Need Accounting Services for Freelancers and Consultants

Clients deduct TDS and you do not know how much credit to expect.
You receive payments in dollars through a payment platform and the bank credit is lower than the invoice.
You do not know whether to register for GST or choose presumptive taxation.
Your income varies and you miss advance tax instalments.

In Detail

Accounting Services for Freelancers and Consultants: how it works and what to expect

Presumptive tax or full books

Many professionals and small businesses can opt for a presumptive scheme that taxes a fixed share of receipts, with limited bookkeeping. It suits those with low expenses. Full books suit those whose real expenses are high, because they can claim actual costs.

We compute the tax under both options for your numbers and recommend the cheaper one, then keep the records the chosen route requires. The choice can be revisited each year, though some switches carry restrictions the CA will explain.

Foreign clients, GST and TDS credit

Services to clients abroad can qualify as exports of services, with a letter of undertaking for GST if you are registered. Payment platforms deduct fees and convert currency, so the credit in your bank is smaller than your invoice. We record both sides to keep income correct.

Indian clients deduct TDS from payments above certain limits. The credit appears in your Form 26AS only if the client files correctly, so we match it each quarter and chase differences before the return is filed.

Presumptive tax versus full books
Feature	Presumptive	Full books
Records needed	Minimal	Complete books
Expenses claimed	Not claimed separately	Actual expenses
Best when	Costs are low	Costs are high
Audit risk	Lower compliance load	Audit if limits crossed

What You Get

What Is Included

Invoice and receipt records
TDS credit tracking against Form 26AS
Foreign-currency receipt matching
Expense classification for professionals
Advance-tax estimates and reminders
Income-tax return preparation from the books

Documents Required

Documents Checklist

Invoices raised
Bank and payment-platform statements
TDS certificates or Form 26AS
Expense bills for tools, travel and rent
Previous return and PAN
GST registration if any
Agreements with key clients

How It Works

How It Works, Step by Step

Share data
Invoices and statements
Day 1
Record
Receipts, TDS and expenses
Days 2 to 4
Estimate
Advance tax for the next date
Day 5
Report
Monthly summary
Day 7

Sample Output

What Your Monthly Report Looks Like

Every client receives a short, CA-reviewed MIS. A free blank format is available to download with no sign-up: Monthly MIS report format.

Sample monthly MIS snapshot (illustrative figures, not a real client)
Line	This month (Rs.)	Last month (Rs.)	Comment
Revenue	12,40,000	11,10,000	Up 11.7%
Gross margin	31.5%	29.8%	Better purchase rates
Operating expenses	2,95,000	2,80,000	Rent revision
Net profit before tax	95,600	52,300	Margin improved
Closing cash and bank	3,42,000	2,60,000	Collections on time
Debtors over 90 days	74,000	1,12,000	Two accounts recovered

Transparent Pricing

Accounting Services for Freelancers and Consultants Fees: Fixed and Transparent

Fee breakdown for Accounting Services for Freelancers and Consultants
Line	Amount
Our professional fee (per month + GST)	Rs. 1,500
GST at 18%	Rs. 270
Government or statutory fee	Rs. 0 (none for accounting work)
Total payable	Rs. 1,770

Monthly plans, by volume of work (fees before GST)
Plan	Best for	Entries a month	Fee a month	With 18% GST
Starter	Professionals, service firms	Up to 100	Rs. 1,500	Rs. 1,770
Growth	Traders, small manufacturers	Up to 500	Rs. 3,500	Rs. 4,130
Scale	Retail, restaurants, e-commerce	500+	Rs. 7,500	Rs. 8,850

Add-ons and one-time work (fees before GST)
Service	Fee
Payroll, up to 10 employees	Rs. 1,000 a month
TDS accounting and returns	Rs. 1,000 a month
Extra bank account reconciliation	Rs. 1,000 a month
MIS pack with commentary	Rs. 2,000 a month
Backlog clean-up, up to 6 months	Rs. 4,999 one-time
Annual accounts and audit support	Rs. 9,999 a year
Virtual CFO	Rs. 15,000 a month

Fees are fixed in writing after we review one sample month. Accounting has no government fee; taxes you owe are paid directly to the government.

Client Reviews

What Our Clients Say

G

★★★★★

4.81,000+ clients · View on Google Maps

★★★★★

"Ever since my association, I am impressed with the professionalism and personal conduct of the firm. Clients are made to feel belonging."

RS

Rachana SinghBusiness Owner, Mumbai

★★★★★

"An extremely professional setup, very responsible to all our needs. Strongly recommend for taxation and accounting services."

AD

Abhishek DubeyEntrepreneur, Mumbai

★★★★★

"The best for auditing, finance, and budget analysis. Will consistently give the best possible solution, worth every penny."

MS

Mayur SinkarCFO, Startup, Mumbai

Your CA

Reviewed and Signed by a Practising Chartered Accountant

CA Rinky Vishwakarma

Signing Chartered Accountant, SVT & Associates

ICAI No.: 177507Fellow CA – ICAI20 years combined experience1,000+ clients served

Fellow Chartered Accountant (FCA) with over 12 years of experience across Big 4 audit, investment banking and independent practice. Personally reviews each client's books and MIS before sign-off, and signs certificates in her capacity as a practising CA.

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FAQ

Frequently Asked Questions

Do freelancers need to register for GST?

Not necessarily. Registration is generally required above the turnover threshold for services, but exports of services and certain interstate supplies have special rules. We check your income, client locations and the current threshold, then tell you whether registration is mandatory or optional.

How do I handle income received through payment platforms?

Record the invoice value as income, the platform's fees and currency conversion cost as expenses and the net as the bank credit. We reconcile each payout, so your income matches your invoices and the foreign-exchange realisation certificate, if you need one.

Is Rs. 1,500 a month enough for a freelancer?

For a freelancer or consultant with up to about 100 entries a month, yes. It includes monthly books, TDS matching and advance-tax estimates. The annual return is prepared from the books under the same plan, and there is no extra fee unless a tax audit applies.

Who prepares and signs the work?

SVT & Associates is an ICAI-registered Chartered Accountancy firm. Every account is supervised and reviewed by CA Rinky Vishwakarma, Fellow Chartered Accountant, ICAI Membership No. 177507. Where a certificate or attest report is issued, it is signed by a practising CA and carries a UDIN.

How quickly can you start?

After a short consultation and receipt of your documents, onboarding usually takes three to five working days, and the first monthly books are delivered within seven days of receiving complete data. If a filing deadline is close, we handle that first and then complete the wider setup.

Is my financial data confidential?

Yes. As a Chartered Accountancy firm we are bound by the ICAI Code of Ethics on professional confidentiality. Your records are accessed only by staff working on your account, are shared through controlled folders or your own software, and are never given to third parties without your written consent or a legal requirement.

Which accounting software do you work in?

We work in your existing software, whether Tally Prime, Tally ERP 9, Zoho Books, QuickBooks or Busy, so you do not need to switch. Your licence and data remain yours at all times, and a full export of your books is available whenever you ask for it.

Are your fees fixed, and are there hidden charges?

Fees are fixed and confirmed in writing after we review one sample month of your data. Our fee and GST are shown on separate lines, and accounting has no government fee. Work outside the agreed scope, such as a backlog clean-up, is priced separately and agreed with you before it begins.

Do you serve clients outside Mumbai?

Yes. Most of our work is delivered online across India, using shared folders, your accounting software, video calls and WhatsApp. Our office is in Goregaon West, Mumbai, where local clients can meet the CA in person, but no visit is needed to start or continue the service.

Can I stop the service if I am not satisfied?

Monthly plans are not locked in, and you can end the service by giving us notice. You will receive your books, reconciliations and working papers in an exportable form. The Refund Policy linked in the footer explains how any advance payment is treated.

Accounting Services by a Practising CAHub: all services, cities and guides TDS Accounting ServicesFrom Rs. 1,000 Bookkeeping ServicesFrom Rs. 1,500 Accounting for Tax Audit and ITRFrom Rs. 1,500 Tax Advisory ServicesITR, GST advisory, notices, NRI taxation Professional Tax Registration and FilingRegistration and monthly or annual returns

Who signs and issues the work. SVT & Associates is a Chartered Accountancy firm registered with the Institute of Chartered Accountants of India. Accounting, MIS and tax work is prepared under the supervision of CA Rinky Vishwakarma (FCA, ICAI Membership No. 177507). Certificates and attest reports, where issued, are signed by a practising CA and carry a UDIN. Our role in online document collection and delivery is administrative; the professional opinion is the CA's. Fees are shown before 18% GST. We do not guarantee any outcome, approval or sanction by a bank, lender or authority.

Accounting Services for Freelancers and Consultants: From Rs. 1,500 a Month, Books and advance-tax estimate monthly

Get a Free Cost Estimate

Details Received!

When You Need Accounting Services for Freelancers and Consultants

Accounting Services for Freelancers and Consultants: how it works and what to expect

Presumptive tax or full books

Foreign clients, GST and TDS credit

What Is Included

Documents Checklist

How It Works, Step by Step

What Your Monthly Report Looks Like

Accounting Services for Freelancers and Consultants Fees: Fixed and Transparent

What Our Clients Say

Reviewed and Signed by a Practising Chartered Accountant

CA Rinky Vishwakarma

Frequently Asked Questions

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