Accounting Process

Sale order to collection

  • Order Creation
  • Invoicing
  • Receipts
  • Banking and cash application
  • Customer master maintenance
  • Reconciliation and dispute resolution
  • Dunning as per pre-defined process and limits

Fixed Assets

  • Capex Ordering
  • Fixed asset Numbering / Bar code
  • Capitalization
  • Project Accounting - tracking of capital work in progress
  • Accounting for sale / disposal of assets
  • Maintenance of fixed assets register
  • Depreciation - as per books and as per tax laws
  • Accounting for Leases

Accounts Payable

  • Purchase Order
  • MRA / GRN Preparation
  • Invoice processing
  • Payment processing
  • Creditors Reconciliation
  • Vendor master maintenance

General Ledger

  • Journal entries for expense provisions, prepaid expenses etc. Supplier invoice processing
  • Ledger reconciliations
  • Period-end closure of books
  • Liaison with Auditors.

Consolidation and inter-company transactions

  • Group consolidation
  • Elimination of inter-company transactions and balances
  • Consolidated financial statements

Payroll Processing

  • Employee Master
  • Salary Processing
  • Generation of Salary slips
  • Statutory calculations like TDS, PF,ESI,PT etc.
  • Filing of Statutory returns like TDS return, PF return.
  • Resolving employee income tax queries.
  • Issue of form 16.
  • Filing of Employee Income tax Returns

Company Law and Secretarial Practice

  • Drafting of Resolutions, Notices, Minutes of meetings.
  • Maintenance and updating of statutory records such as register of members, register of transfer, register of directors etc.
  • Filling and filing of forms and documents with MCA.
  • Annual filing including XBRL filings.

Statutory

  • Computation of Statutory dues for the company.
  • Preparation , validation and filing of Statutory returns for the period.
  • Preparation and filing of income tax returns
  • Tracking of notices and other issues from the statutory department.
  • Statutory means for ex: VAT, Service Tax, Income Tax, Customs, etc,.

Financial Reports & MIS

  • Balance Sheet, Income Statements, Cash flow statements
  • Compilation of schedules as per auditor's requirements
  • Internal MIS reports
  • Ratio analysis
 
     
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