Accounting and Book Keeping
The need of the hour is to have in place a system of robust processes to provide a strong framework for future growth, analysis of the company financials to improve efficiency and implementing best practices in finance function. As per our experience, following services are especially required for all Business organisations:
⦁ Financial processes & Controls – Conceptualizing, formulating and implementing financial processes and controls in conjunction with the client team.
⦁ Inventory management & control – Setting up to proper system and process of accounting of inventory items of raw material, work in process, finished goods with production planning, monitoring and accounting of material consumption based on bill of material, inventory levels, valuation of inventory.
⦁ Payroll: Managing all payroll related activities – Formulating payroll process; Salary processing; Employee reimbursement processing; Handling compliances (PF, ESI, LWF,TDS); Employee exit process; Advising client on best practices for Payroll.
⦁ Financial MIS & Analysis – Providing and reviewing regular financial performance reports and analysis on the cost and profitability for various product lines and business units to support decision making and providing advice from our expert financial advisors.
⦁ Budgeting & Forecasting – Creating budgets; predictive forecasts and development of market analysis; providing sensitivity analysis for various market scenarios.
⦁ Taxation: Managing all taxation related activities – Processing and deposit of tax (Excise, Service Tax, Sales Tax, TDS, Corporate Tax) on a timely basis; Liasoning with the tax authorities; Advising client on taxation best practices.
⦁ Receivables & Payables Management: Managing all activities – Formulating the complete vendor payment and client receivables process; Timely transactions as per process; Account reconciliation with the vendors & clients.
⦁ Fund Management: Managing the clients funds to achieve objectives of best return on capital and liquidity on behalf of the client
⦁ General Accounting: Maintaining the client’s accounts and ledgers.
⦁ Bank Relationships: Manage the relationship with the banks; Provide MIS and prepare presentations as required by them; Advise client on lender practices.
A business strategy is the means by which it sets out to achieve its desired ends.
If you have been selected for a business audit, here is what you need to know.
Restructuring your company could restore its viability and improve its liquidity position.
Research helps you plan the best way to get your product from the manufacturer to the retail shelf. In addition to deciding which retailers should carry your product, you should determine where your inventory will be held.
Go to your team, and tell them you want to make a fresh start. Tell them you want them to enjoy their jobs more and get more done.
In this problem solving step, you will want to figure out what caused the problem, what the problem looks like at this moment, and the urgency of addressing the problem.