Our accounting services aims at cost reduction and cost management for our clients. We have deployed a specialised team of accounting professionals to cater to customers’ requirements and processes. We are providing accounting services both offline and online to several international clientele. These include:
We also make sure that our clients satisfy the country’s legal and regulatory procedures and their group management receives the information required to enable effective control and management on a timely basis. One can benefit from our local expertise while taking advantage of our international experience. The intent is that the client will have an independent accounting, payroll and company secretarial function provided by an outsourced service provider.
SAAS is outsourcing of core information related business activities which are competitively important and form an integral part of a company’s value chain.
It requires deployment of advanced analytical and technical skills as well as a high degree of specialist expertise. Our team is equipped with advanced skills related to such service and have clients availing this service from us. Under the SAAS vertical we provide various accounting services including:
We provide flexible Accounts Payable services which facilitates the customer with the ability to transform their accounts payable process into an automated system, resulting in lower processing cost, improved controls, higher services and higher business intelligence. We focus on following areas:
We have a system in place to run Payroll for Manufacturing, Banking, Trading, Finance Companies and other Corporates. The reports can be customized as per the client’s specific requirements and our major focus is on:
We have clients to whom we provide Charge Back processing services like:
We have rich experience in providing outsourced accounting and business process services to a wide variety of clients. The key services provided include :
| Outsourced Activity | Description |
|---|---|
| Turn-key Accounting | Turn-key accounting, financial and tax services including various statutory registrations, GST, profession tax, temporary funds deployment etc. In these cases, the organisations do NOT have Accounts/Finance Deptt. |
| Internal Audits | Normally, the entire function is outsourced to us. Occasionally, we supplement the efforts of an in-house Internal Audit Department. |
| Business Processes | Processes such as Purchase, Bills payable; Travel Claims processing; Employee Benefit Claims processing; Logistical Costs (Freight) Bills; Budget Monitoring; Financial Analysis; MIS; Invoicing & Bills Receivable; Credit Control; Group Reporting etc. |
| Provident Fund Accounting | Day-to-day accounting including annual closing, regulatory filings etc. |
| Payroll | Payroll Calculations, deductions, IT, payments, TDS certificates, annual returns etc. |
| Reconciliations | Group- inter-company Reconciliation: Debtors' & Creditors' Reconciliation etc |
| TDS/Withholding Tax | Checking deductions, making payments, issuing certificates, filing returns |
| Project Accounting | Financial analysis for project accounting |
Depending on requirements, the services may be provided “on-site” i.e. at client location or “off-site” i.e. managed from our offices.
Finance is the life blood for any thriving organisation and a good CFO brings the desired structure and sanctity to the role given the case for ever evolving laws and regulations. Further, where the business involves cross border transactions, the need to engage and work with professionals across jurisdictions is inevitable and makes the role extremely complicated. For start-ups this is a cost better not front loaded given their organisational priorities and limited resources. For many businesses, this could be a significant cost which may not warrant an adequate return on investment. A strong organisational CFO substitutes the need for an expensive individual and replaces the profile with an entire team for the designated role at a fraction of the cost. Our CFO offerings are as under:
Global CFO/ project management has been one of niche offerings to clients intending to grow their businesses inorganically across geographies. In this offering, a client proposes his intention to engage into a particular business in a specific geography and states his intended business model.
Through our network of professionals, we perform a detailed feasibility of the proposed business idea and submit a “Business Feasibility Study”. Basis the study, if the client intends to proceed with the opportunity, our team proposes a “Practical” business structure for investment and repatriation of profits in the most efficient and compliant manner. Further, we implement the structure and manage the on-going compliance & regulatory needs of our clients throughout the business life-cycle across jurisdictions. Our Global Project Management offering has been one of our significant and path-breaking solutions which has facilitated many small/mid businesses to enter into the bigger league globally.
Setting up businesses in unknown geographies could be a daunting task for small and mid-sized businesses given the ambiguities involved and the myriad of domestic compliance.
Engaging a full-time executive CFO may not justify the investment involved since significant part of the work is front loaded and subsequent activities are more in the nature of maintenance engagements.
Virtual CFO is a seasoned finance professional who helps you in running your finance function with his expert advice and hands on involvement. As a virtual CFO, we engage a dedicated resource who shall perform the following activities:
India is touted as one of the fastest growing start-up hubs of the world, particularly post COVID 19 and is home to some of the largest unicorns in this space. The common challenge faced by every start-up entrepreneur is that, how their dream idea can become a sustainable business? Myriad of questions like what would be the constitution? How do I get to structure my relationship with my co-founder? How do I structure ESOPs for my initial employees? How to negotiate my initial investment deals? These and many more questions need to be successfully addressed before a start-up gets to set the ball rolling.
We work closely with start-up hubs and entrepreneurs to ensure their structure is in place, their legal and regulatory obligations are honoured and their finances accounted appropriately. Our Start-up CFO solution ensures that start-ups have a dedicated professional at a fraction of the cost to meet the requirements of a fledgling business till they grow to hire their own legal and finance team.
We have a dedicated team which caters to providing back to back, full-fledged, services for foreign companies partnering with Indian companies. It includes everything right from inception of the thought to successful implementation of it. Following are our speciality services, all under one roof:
Indian companies are becoming increasingly global. Both imports as well as exports are multiplying exponentially. Many JV opportunities have already come up and will continue to come up for next couple of years. The most attractive sectors for foreign collaborations include Ceramic industry, Sanitary-ware, Speciality Chemicals, FMCG, Engineering, Capital Goods, Automobiles & Packaging. A foreign transaction requires application of various provisions prevailing within as well as outside India. It is important to have a combined understanding of provisions of Income Tax Act, FEMA, FDI Guidelines and other RBI norms to ensure that advice to a client is thoroughly compliant with the provisions under each of the different Acts prevailing in India.
Our services include the following:
Almost every service provider who is exporting some or all of his services, i.e. catering to international clients, is eligible for claiming a rebate of 3% / 5% from Directorate General of Foreign Trade. Whether you are into outsourcing of legal services, accounting, engineering, architectural, advertising, publishing, testing, education, tourism & transport, do take the benefit of this incentive as it will directly increase your net profit up to 5 percent of your aggregate turnover.
There are two events on which EPCG benefit can be taken, one is while importing, and the other is for local purchases. As far as importing is concerned, customs duty paid (currently ranging from 25 to 30%) is waived off against future exports. Similarly, excise duty payable on local purchases can also be waived off by committing future exports. Please note that EPCG claims are available not only on import transactions but also for local excisable purchases.
We have a dedicated knowledge desk that caters to the client’s requirements of complying with RBI &FEMA. We can help you with the following:
It may be routine to establish a legal structure for an NGO or a Trust but what is crucial for a qualified professional is to first assess the client’s needs and then suggest what would suit him best. We have a multi decade experience in forming Trusts, AOPs, and Cooperative Societies after carefully going through your requirements. Whether it is getting registration certificate under Section 12A of the Income Tax Act or any other object, we serve as our clients single point of contact for everything that they would need. In our opinion, what is more important is to regularly comply after obtaining the registration, failing which there can be serious consequences. We therefore advise our clients from the beginning on what needs to be complied on an on-going basis.
Key Highlights
+91-11-43051855; ?>/images/blog_th1.jpg)