Accounting for Fintech

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Accounting for Fintech

After the spur of Digitization and development of modern technological processes in India, the financial sector has developed tech based operations. Non-banking financial companies have disrupted the financial market by using technologies which are produced by various start-ups and companies. Fin techs develop these technologies. Due to this, consumers have moved their preferences with mobile payments applications and digital payments. With the implementation of the Goods and Services Tax (GST), Unified Payment Interface (UPI) and Artificial intelligence, there has been a growth of Fintechs in India. Hence there is a requirement for an accounting and regulatory system for fin techs. Fintechasia Accounting for Fintech service would provide your company with industry-tailored accounting services specializing in Fintech.

Scope of Accounting for Fintech Service

Fintechasia is the largest Fintech Accounting service provider in Asia. Apart from offering various collaboration services for fintech’s, our service will also provide the accounting requirements for every fintech organization. We have a dedicated team of Chartered Accountants and Company Secretaries to look into the accounting requirements of your fintech start-up. Through our Accounting for Fintech service, we ensure that your fintech follows all the accounting procedures to be compliant with the laws of the land.

Why use Fintechasia Accounting for Fintech Service?

Using this service will provide your fintech business with experienced professionals having years of experience regarding the accounting requirements for a Fintech.
When an individual wants to start mobile application software, he would have to establish a company or LLP or a one-person company. As per government requirement, the company must have an accountant or a practising chartered accountant. The company also has to file its annual returns as per the government mandate. For these purposes, expertise from industry professionals is necessary.
When an individual wants to start mobile application software, he would have to establish a company or LLP or a one-person company. As per government requirement, the company must have an accountant or a practising chartered accountant. The company also has to file its annual returns as per the government mandate. For these purposes, expertise from industry professionals is necessary.
A mobile-based start-up or digital payments start-up that sends or receives money is a service. For every function, there is a charge on the service that is carried out. This is taxable as per the Goods and Service Tax which is applicable throughout India. Therefore some services where processing occurs also is taxable as per the norms related to GST. Therefore our service will provide you compliance based on GST Laws.
Whether it is a fintech start-up or a mobile-based start our Accounting for Fintech Services will bridge the gap between accounting methods and fintechs.

Service Process in Brief

Fintechasia Accounting for Fintech service will cover the following products that are offered by your start-up.

  • Lending.
  • Regtech.
  • Capital Markets.
  • Payments/Lending.
  • Money Transfers/ Remittances.
  • Mortgage/Real Estate.
  • BlockChain.

For the above products, the services of accounting will include:

  • Basic CA support Services- from the incorporation of a company to the day to day handling of audit/ accounting compliance.
  • Income Tax Services for the Fintech.
  • Goods and Services Tax (GST) for all sorts of services.
  • Any other compliance related to tax laws.
  • End to end support from a team of professional chartered accountants.

Our service will be in the following steps

  • Your Fintech company formation.
  • Approach us with the documentation and specifics of the company.
  • Continued Accountant Support service.

Benefits for taking Accounting for Fintech Service

  • Experienced and industry-based professionals dealing with accounting matters for your fintech.
  • Continuous end to end support.
  • Solving issues related to GST and income tax.
  • Any other accounting requirements.
  • Regular updates on changes in the accounting policies which are followed by the Institute of Chartered Accountants of India and International Accounting Principles.

Growth Opportunities

  • By taking this service, all the accounting and income tax-related queries will be handled by a team of experts and professionals.
  • End to end support, therefore, we have got your fintech accounting issues covered.
  • Your business can concentrate on diversifying into other segments and markets.

Why Choose Fintechasia for Accounting for Fintech Services?

  • By taking this service, your Fintech will benefit updated advice on accounting for Fintech.
  • We are experts in the field of NBFC collaboration with Fintech bringing years of industrial research and Knowledge. Taking this service will give you an annual package for accounting services for fintech.

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Frequently Asked Questions

Accounting for Fintech has the following:
  • • Filing of Annual Statement Regarding a Fintech.
  • • Auditing of Fintech.
  • • Chartered Accountant Services for a Fintech.
  • • GST Return for a Fintech.
Yes, accounting services for a fintech is required for the purposes of compliance with the standards issued by the Institute of Chartered Accountants of India and laws related to income tax.

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What Our Client Is Saying

Wuhan Ching

Wuhan Ching

China

Right from NBFC consultation to Auditing Services, Fintechasia is a one stop shop for all your professional needs. They were very courteous and professional in their approach. We would definitely recommend their service to anyone seeking professional help

Tobby Carioca

Tobby Carioca

Malaysia

Fintechasia has provided me exceptional service when I consulted them for my NBFC business. From initial consultation to registering my NBFC business they were proficient and expert in their advice. I would highly recommend them for NBFC services.

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