What Cloud Accounting does

Cloud Accounting (legally Cloud Business Setup Services Pvt. Ltd.) is an India-based accounting, tax filing, and business compliance services provider headquartered in Shahdara, Delhi. Founded in 2014, the company targets Indian small businesses, startups, e-commerce operators, and individual taxpayers with a service catalog spanning company incorporation (Private Limited, LLP, OPC, Public Limited, Section 8, Proprietorship), statutory and tax registrations (GST, PAN, TAN, IEC, trademark, copyright, FSSAI, PF/ESIC, UDYAM, Shops & Establishment), ongoing filings (GST returns, income tax, TDS/TCS, ROC, RBI/FDI), and recurring monthly bookkeeping. The platform organizes these offerings into four categories (Accounting Services, Business Setup Services, Business Managing Services, and Business Compliances Services) with sub-brands Accly, Cloud Tax, and Business-in-a-Box.

The technical foundation centers on Accly, an AI-powered bookkeeping engine that automates transaction categorization, document and receipt processing (computer vision), error/anomaly detection, predictive insights, and chatbot-based customer support, layered with native integrations to Shopify, Stripe, Square, and Gusto. The platform stores data in ISO 27001-certified cloud data centers in India, follows SOC 2 Type 2 security protocols, and combines AI automation with oversight from in-house Chartered Accountants and tax professionals. The upcoming Accly 'AI Teammate' extension signals ambitions toward autonomous finance operations.

Revenue mechanics combine recurring monthly bookkeeping subscriptions, per-filing compliance fees, one-time business registration charges, and catch-up bookkeeping services, with pricing on a quote-based, not publicly disclosed basis. The go-to-market is sales-led through direct digital channels (cloudinc.co) with prominent expert-consultation CTAs, supported by content marketing, SEO, and a small social media presence. CEO Akash Verma leads a bootstrapped, founder-owned private limited company with no disclosed institutional investment, serving a claimed base of 10,000+ SMB/startup customers concentrated in India, with stated but unverified presence in the US, UK, and UAE markets.

Name

Cloud Accounting

Legal name

Cloud Business Setup Services Pvt. Ltd.

Website

https://cloudinc.co

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Cloud Accounting is an India-based accounting, tax filing, and business compliance services provider that serves small businesses, startups, and individual taxpayers across 50+ statutory filings, using its Accly AI bookkeeping engine to automate transaction categorization, document processing, and error detection with expert human oversight.

Ownership category

akta.pro rank

Headquarters

HQ city

Shahdara

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Professional Services - Compliance Filing: Fees charged for handling various regulatory filings including GST returns, income tax returns, TDS returns, ROC filings, and other statutory compliance services. These are typically per-transaction or per-filing fees.
2. Business Registration Services: One-time fees for company incorporation, business formation, and registration services including GST registration, IEC, trademark, copyright, and other government registrations.
3. Monthly Bookkeeping Subscription: Recurring monthly fees for ongoing bookkeeping services including monthly reports, transaction categorization, document management, and year-end financial packages.
4. Catch-up Bookkeeping Services: Fees for bringing overdue financial records up to date, preparation of historical financial statements, and tax filing catch-up services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Cloud Accounting provides cloud-delivered accounting, tax filing, and statutory compliance services for Indian small businesses, startups, entrepreneurs, and individual taxpayers. Its core services span monthly and catch-up bookkeeping, GST/income tax/TDS/ROC return filing, company incorporation (Pvt. Ltd., LLP, OPC, etc.), tax resolutions, and ancillary registrations (Trademark, PAN/TAN, IEC, FSSAI, DSC, UDYAM). Delivery combines a self-serve cloud platform powered by its proprietary Accly AI engine with chartered accountant and tax expert oversight for accuracy.

Product overview

Cloud Accounting operates as a unified cloud-based business services platform built around its AI-powered bookkeeping engine (Accly) and the broader Cloud BSS Platform. The core offering combines AI-driven automation (Accly) with expert human oversight to deliver accounting, tax filing, and business compliance services. The platform organizes its services into four main categories: (1) Accounting Services — Monthly Bookkeeping, Catch-Up Bookkeeping, Income Tax Filing, and Tax Resolutions, all powered by Accly AI for automation; (2) Business Setup Services — covering company registration (Private Limited, OPC, Public Limited, LLP, Proprietorship, Section 8), registration services (GST, IEC, PAN, TAN, PF/ESIC, Trademark, Copyright, Food License, UDYAM/MSME, Shop & Establishment), and LUT filing for exports; (3) Business Managing Services — company changes (name, address, directors, share capital, MOA/AOA, closure, DIN surrender), LLP changes (name, address, partners, capital, objects, closure), and tax record changes (GST amendment, IEC updation); and (4) Business Compliances Services — income tax returns (individual, NRI), TDS returns, 15CA/15CB certification, ROC filings (companies and LLPs), GST returns (filing, refund, cancellation, annual), Digital Signature, GST Annual Returns, Director eKYC, and RBI/FDI filings. The platform also provides entity-specific annual compliance services for Proprietorship, OPC, Private Limited, LLP, and Partnership firms.

Differentiator

Problem solved

Functional benefit

Brands

• Accly: AI-powered bookkeeping and accounting platform that provides automated transaction categorization, smart document management, and expert human bookkeeper support
• Cloud Tax
• Business-in-a-Box™

Products and services

• Cloud BSS Platform A unified cloud-based platform that consolidates AI-powered accounting, tax filing, GST compliance, business registration, and statutory compliance management into a single offering for Indian businesses and startups; backed by the Accly AI engine and chartered accountant expert oversight.
• Accly An AI-powered bookkeeping and accounting engine that automates transaction categorization, document processing (including OCR on receipts and bank statements), automatic error detection, predictive insights, and chat-based assistance; offered via the Cloud BSS platform with human bookkeeper support.
• Monthly Bookkeeping Recurring monthly bookkeeping subscription that uses Accly AI to automatically categorize transactions, import bank and credit card data, manage documents, and produce real-time financial reports for Indian small businesses and startups.
• Catch-Up Bookkeeping A historical bookkeeping catch-up service that brings months or years of overdue financial records up to date for businesses behind on their books, preparing them for tax filing through Accly-powered automation.
• Income Tax Filing Expert-assisted annual income tax preparation and filing service for Indian businesses and individuals, covering quarterly tax advisory, year-end tax package preparation, and tax deduction optimization.
• Tax Resolutions A tax debt resolution service that helps businesses and individuals clear tax notices, negotiate with tax authorities, determine exact tax liability, and create repayment plans.
• GST Return Filing End-to-end GST return filing service covering GSTR-1, GSTR-3B, GSTR-9, and GSTR-9C with data processing, tax analysis, and digital verification for Indian businesses.
• Income Tax Return (Individual Resident) Income tax return filing service for Indian individual residents, including document collection, income calculation, tax computation, and return preparation and submission covering ITR-1 through ITR-7 forms.
• TDS Return Filing TDS computation, return preparation, TRACES portal verification, and TDS certificate issuance for compliance with Income Tax Act provisions for Indian deductors.
• ROC Filing Services Registrar of Companies compliance filing service for Indian companies, including ADT-1 (auditor appointment), MGT-7 (annual return), and AOC-4 (financial statements) preparation and filing.
• Digital Signature Certificate (DSC) Digital Signature Certificate registration and management service including document collection, DSC application, mobile/email verification, video verification, and DSC download and installation.
• Private Limited Company Registration Private limited company incorporation service with MCA SPICe form filing, name reservation, and Certificate of Incorporation issuance for Indian entrepreneurs.
• Limited Liability Partnership (LLP) Registration LLP incorporation service including name reservation, Digital Signature Certificate acquisition, partnership deed preparation, and MCA filing for Indian entrepreneurs.
• One Person Company (OPC) Registration One Person Company incorporation service with nominee director arrangement and streamlined MCA registration process for Indian solo entrepreneurs.
• Public Limited Company Registration Public limited company incorporation service with SPICe form filing and PAN/TAN inclusion in incorporation certificate for Indian businesses.
• Section 8 Company Registration Section 8 company (non-profit) registration service for charitable organizations, including government fee and compliance requirements under MCA.
• GST Registration GST registration service covering provisional ID generation, application submission to GSTN, document verification, and provisional registration certificate issuance for new Indian businesses.
• Trademark Application Trademark registration service including availability search, application preparation, client approval, submission, and certificate issuance, with a stated 18-24 month approval timeline.
• UDYAM Certificate / MSME Registration MSME/UDYAM registration service enabling access to government benefits including tax exemptions, reduced duties, preferential interest rates, and reservations for Indian SMEs.
• Copyright Registration Copyright registration service for original creative works including literary, musical, artistic, and architectural works, with department submission and certificate issuance.
• Food License Registration FSSAI Food License registration service for food business operators including application preparation, document submission, and registration certificate issuance.
• Import Export Code (IEC) IEC registration and updation services through the DGFT portal for import/export operations including application preparation and certificate issuance.
• Annual Compliance for Private Limited Company Annual compliance service for Indian private limited companies including financial statement finalization, AGM documents, Form ADT-1, Form AOC-4, and Form MGT-7 filing.
• NRI Income Tax Returns Income tax return filing service for Non-Resident Indians including income computation, tax calculation, and return filing on the Income Tax Portal.
• GST Refund Assistance GST refund claim assistance including application preparation (Form RFD-01), deficiency memo handling, provisional refund sanction, and final refund order processing.

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability8 records

Feature4 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ClearTax (now Clear): India's leading tech-enabled tax and compliance platform offering GST, ITR, TDS, and business registration services. Most directly comparable peer to Cloud Accounting given overlapping product set, SMB/startup target market, and AI-augmented delivery model.
• Zoho Books: Cloud accounting software from Zoho targeting SMBs with GST, invoicing, bank reconciliation, and compliance features. Competes with Cloud for the same Indian SMB bookkeeping segment, though Zoho is more product-led while Cloud is service-led.
• Vyapar: India-focused GST billing and accounting app for small businesses and retailers. Closely comparable on target customer (Indian SMBs), core functionality (bookkeeping + GST), and India-first distribution approach.
• myBillBook (by FloBiz): Mobile-first GST billing, invoicing, and accounting app for Indian SMBs and retailers. Comparable on customer segment, geographic focus, and cloud-based delivery model.
• Khatabook: Digital ledger and business management app for Indian micro and small merchants. Competes in the same SMB bookkeeping segment with mobile-first, AI-assisted transaction tracking.
• Busy Accounting Software: Long-standing Indian accounting, inventory and GST software targeting SMBs. Overlaps with Cloud on bookkeeping, GST compliance, and Indian SMB target market.

Broad incumbents

• Tally Solutions: Dominant legacy Indian accounting software used by hundreds of thousands of businesses. Overlaps with Cloud's bookkeeping and GST functionality but serves a broader market including enterprises and is sold as on-premise/cloud software rather than as managed services.
• QuickBooks (Intuit): Global leader in SMB accounting software. While not India-native, competes for international (US/UK/UAE) SMB customers Cloud also serves, and represents the global benchmark for cloud bookkeeping UX.
• Xero: Global cloud accounting platform for SMBs and accountants. Comparable on cloud-based bookkeeping delivery and accountant ecosystem strategy, particularly relevant for Cloud's UK and UAE expansion claims.

Emerging players

• Razorpay: Indian fintech giant that has expanded into Razorpay Books and adjacent SMB financial services. Increasingly competes with Cloud for Indian SMB payment + compliance workflows, with stronger capital base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cloudinc
• LinkedInlinkedin.com/company/cloud-accounting-incorporation
• Instagraminstagram.com/cloudinc
• Xx.com/accounting_inc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cloud Accounting