Management Support Services
➔ Management Support during audits
We provide management support service to our clients during audits such as Statutory Audit and Internal Audits under Companies Act, 2013, Tax Audits and Transfer Pricing Audits under Income Tax Act, 1961. Our team of experts work in coordination with clients and auditors ensuring timely completion of the auditors. This enables our clients
to make sure the audits are getting completed in clients and enables them to answer their resource constraints.
➔ Payroll processing
We provide end to end payroll processing services right from calculating the monthly salary outflow to the issue of the salary slips. This helps our clients to keep their salary information confidential within the organization and also helps them in timely disbursement of salary.
➔ Banking Support
We assist our clients in outsourcing their banking operations by partnering with us. We manage their payments and receipts on their behalf by following approval matrix and standard operating procedures. This coupled with our outsourced accounting solutions enables the clients to streamline their finance function and focus on the core business operations.
➔ Budgeting and MIS
Preparation and review of budgets and MIS is crucial for attaining financial goals. We assist our clients to prepare a comprehensive budget by considering micro and macro factors. We also assist in preparation of periodical MIS for review. This enables our client to evaluate their performance and take corrective actions.
➔ Vendor and Customer Reconciliation
Vendor and customer reconciliation is the process of comparing a company's records of transactions with its vendors / customers to the vendor's / customer’s records of those same transactions. The purpose of reconciliation is to ensure accuracy of records and to identify any discrepancies or errors in the records. We assist our clients in reconciliation by gathering information, matching transactions, resolving discrepancies, adjusting records and communicating with the vendors.
➔ Revenue Reconciliation
Revenue reconciliation is the process of comparing a company's records of revenue earned to the records of revenue received. The purpose of revenue reconciliation is to ensure that all revenue earned by the company has been properly recorded and that all payments due have been received. This further involves checking of revenue with GST Returns and 26AS and doing reconciliation thereof.
➔ Physical verification of Assets and Stocks
Physical verification of assets and stocks is the process of physically counting and verifying the existence, condition, and location of a company's stocks and assets. The purpose of physical verification is to ensure the accuracy of the company's records of its stocks and assets, to identify any discrepancies or errors, and to deter theft or misappropriation of company property. We assist our clients by conducting in depth physical verification of assets and stocks along with listing and tagging.
➔ Standard Operating Procedures (SOPs)
We assist our clients in setting up their Standard Operating Procedures by analyzing their business processes. This involves identification on Value Adding Activities and Non
Value Adding Activities and elimination of non value adding activities. This helps to improve performance and reduce duplication of work.