It is a one-time activity which creates a basis of entry & maintenance of all accounting information and creation of general ledgers and financial statements. In the current business scenario organizations are subscribing to increasingly complex financial systems. Accounting manual helps you standardize your financial reporting which in turn helps you to create base for effective analysis & decision making.
Our Bookkeeping and MIS service includes following
We leverage the features of various accounting software available and the experience of our team of highly proficient accountants to ensure transactions are recorded correctly that enhance overall financial decision-making. Further with proper maintenance of records, we ensure proper & timely compliance to various statutory regulations.
MIS reports are necessary to assess a company’s financial performance. These financial reports include profit & loss account, balance sheet, cash flow statement, reconciliation statement, payroll reports, accounts receivable, accounts payable, etc. Apart from above, parent companies require regular reports from their group companies which are useful for consolidation and other legal requirements.
Every company needs to effectively monitor their performance and manage cash flows. We help you with preparing budget and comparing the same with actual results. Our team also prepares exhaustive monthly cash flow projections, which help you in business planning, budgeting, and fund raising.
There is a great deal of documentation to be provided to the auditors in the course of statutory as well as other audits. The requirements are very exhaustive as well as qualitative. The auditors draw comfort based upon the quality of information provided to them. We provide necessary support to companies to ensure audits are completed smoothly.
Financial reporting includes annual accounts required to be prepared as per the formats prescribed under various laws (company laws, tax laws, IFRS, US GAAP, etc.). Further group companies also need annual accounts for consolidation in a prescribed format which are compliant with their laws.