New accounting services help overseas Indians maintain accurate financial records and simplify tax compliance in multiple countries
Jaipur (Rajasthan) [India], August 30: Managing financial records across countries just became easier for NRIs. SaveTaxs has launched comprehensive bookkeeping services designed specifically for Non-Resident Indians and small-to-medium businesses operating between India and their country of residence.
The new service addresses a common pain point for NRIs: maintaining clean financial records that satisfy tax requirements in multiple jurisdictions. Many NRIs struggle with expense tracking, bank reconciliations, and compliance-ready documentation, especially when running businesses or managing rental properties across borders.
“We kept hearing from clients who had messy books that made tax filing a nightmare,” said Shubham Jain, Co-founder of SaveTaxs. “Clean bookkeeping isn’t just about organization – it directly impacts how smooth your tax process becomes.”
Daily Operations to Year-End Compliance
The bookkeeping services cover the full spectrum of financial record maintenance. Daily transaction recording, accounts payable and receivable management, bank reconciliations, and expense categorization form the foundation. For business owners, the service includes payroll bookkeeping and GST/TDS accounting for Indian entities.
Clients receive monthly and quarterly financial statements, with year-end closing specifically structured to support both Indian and US tax filing requirements. This alignment eliminates the scramble most NRIs face during tax season when trying to organize scattered financial data.
The team uses cloud-based platforms like QuickBooks, Zoho Books, Tally, and Xero, depending on client preferences and regional requirements. Automated bank feeds and AI-based reconciliation tools reduce manual errors while maintaining data security through encrypted cloud servers.
Expert Team Delivers Reliable Results
SaveTaxs assigns dedicated bookkeepers for daily operations, with Chartered Accountants and CPAs overseeing compliance accuracy. Each client gets a designated success manager as their primary contact for reporting and queries.
“The hybrid structure works well,” explained Ankit Mangal, Co-founder. “Clients get cost-effective day-to-day bookkeeping with expert oversight for complex compliance issues.”
Proven Results from Pilot Program
A 2024 pilot program with over 50 NRI clients and 10 small businesses showed promising results. Participants reported 30% fewer accounting errors and saved an average of 15 hours monthly compared to manual bookkeeping. More importantly, 95% had faster tax filing due to pre-reconciled books.
One NRI-owned e-commerce business saw 40% better expense tracking and saved approximately $5,000 annually in compliance penalties after switching to SaveTaxs’ bookkeeping services.
The launch reflects growing demand for specialized accounting services that understand NRI complexities, from multi-currency transactions to cross-border compliance requirements.
About Savetaxs: Founded in 2020, SaveTaxs is a Jaipur-based tax and financial services company serving NRIs, OCIs, and foreign nationals with Indian income. The firm has processed over 2.5 lakh applications across 30+ countries, specializing in tax filing, DTAA benefits, repatriation services, and NRI banking solutions.
