Back Office Operations |
|
a) Accounting |
Complete back office accounting include US GAAP, IFRS compliance
|
- Book keeping will entail all the aspects of accounting including preparation of vouchers, accounting entries, maintaining documentation. Monthly accounts will be presented by 10th of next month.
- Voucher preparation
- Maintenance of Files
- Bank Reconciliations
- Travel and Advance Adjustments
- Raising of invoices for Shared services after inputs are received from Finance & Accounts department
- Maintenance of accounting books
- Supervising Accounting functions
- Preparation of Financial Statements (Income Statement, Balance Sheet, Cash Flows) on monthly, quarterly and annual basis
- US GAAP and IFRS Convergence .
|
b) Cost Centre Accounting |
- Cost Center based accounting shall be done. Every industry has a job based or activity based cost centre in conducting the operations, during the process of accounting the transactions are captured in line with their cost centre
- Profit & Loss Reports Cost Centre wise are reviewed periodically.
|
c) MIS & Financial planning |
Most of the time Information generated from the Accounting application is not readily usable and consumable by the senior management. Simultaneously Management do expect information relating to operations, fun position, Comparative analysis, productivity reports very often be it weekly, monthly or quarterly, to make meaningful financial decisions and we do cater to our clients' needs, as and when such services are requested. |
- Budget and estimates
- Cash & Fund Flow analysis
- MIS preparation & presentation
|
This would include submission of monthly MIS in the agreed format and deadline. The accounts will be submitted at an agreed date and will be discussed with the management. |
d) Quality Assurance services |
- Process documentation and checking
- Obtaining external confirmation like vendor verifications
|
e) Annual Report & Accounts |
We believe that accounts and reports are mainly meant for overall improvement and not merely for statutory compliance. We provide an open platform to our clients to discuss the financial performance of the business activities in addition to the preparation of reports, whether monthly, quarterly or annual. We also assist in tax planning exercise ahead of the year end, both for direct and indirect taxes. We take the opportunity to discuss with our clients the financial performance of the business activities when assisting with the preparation of the quarterly or annual reports and if so required, to review the tax planning exercise ahead of the year-end and this includes all taxation planning pertaining to the Self-Assessment System, which is now consistently applied worldwide. |
|
|
|