Financial Accounting Services

Input Credit Records Maintenance Services

With the pool of our diligent professionals, we are able to provide our clients with Maintenance of Input Credit Records services. We render these services in a cost effective and flexible manner abiding by the laws pertaining to these services. The details regarding Maintenance of Input Credit Records are mentioned below:

Who Is Liable To Register?

• Any provider of taxable service whose aggregate value of taxable service received in any financial year exceeds Rs.9,00,000/-
• An input service distributor is liable to register as per Notifn No: 26/2005 – ST dated 07/06/2005 as amended
• Service receivers as specified in sec 68 (2) of Finance Act

Records To Be Maintained:

• The records as maintained by the assessed in accordance with the various laws in force shall be accepted
• Every assessed is required to furnish to the Superintendent of Central Excise a list of accounts maintained by him in relation to service tax
• This is to be submitted only once at the time of filing the first ST- 3 return
• Sales register
• Purchase register
• Cash book
• General ledger

Accounting & Secretarial Support

Accounting & Secretarial Support offered by us comprises a wide range of services. These include monthly or quarterly data collection, payroll processing, billing services, accounting assistance, preparation and maintenance of subsidiary ledgers, bank reconciliation and others. Handled by experienced accounting professionals, we have made a mark for our organization in the industry.

Our team of experienced and dedicated personnel has wide knowledge and offers Accounting & Secretarial Support to individuals and enterprises. These services are carried in compliance with the rules and regulations of the country. Moreover, we offer personalized services to clients in order to attain maximum client satisfaction.

We provide accounting support in the following areas: 

• Computerized bookkeeping support
• Fixed assets management
• Accounts payable
• Vendor management
• Preparation of accounting manual
• Payroll processing services
• Bank reconciliation
• Billing services

Moreover, we also provide valuable advice on various accounting issues to our clients related to the following:

• Indian GAAPs
• International GAAPs
• US GAAPs
• IFRS
• Advisory and compliance with Registrar of Companies & Company Law Board
• Maintenance & compliance of Statutory Records

Audit & Legal Compliances

The Firm has ample resources to undertake comprehensive audit of all types and legal compliances for its clients with the objectives to minimize risk of any fraud and regulatory risk arising from non-compliance of various legal requirements encompassing a vast array of laws, rules, regulations etc, that are applicable to corporate entities conducting business in India.

The Firm’s specific range of services:

• Comprehensive accounts audit, Statutory audit, Tax audit, and Financial, Operational and Legal due-diligence under various laws including Corporate Laws, Income Tax, Securities Laws, Environment laws, Labor laws.
• Internal audit
• Management and stock audit
• Provide Corporate Secretarial services i.e. back office work for compliances with all requirements of company law and other legislation. Including maintenance of secretarial records and filing under the Companies Act, 1956.
• Filling of petitions with CLB and Central Government.
• Incorporation of companies in India including drafting of Memorandum and Articles of Association

Some of our audit assurance services include

Statutory Audit

Our team of charted accountants performs the services as per the legal requirements in respect to monitory issues. These kinds of audit are governed by statute such as company act and include services like:

• Checking of the financial statement of the company to ensure they are prepared as per International Accounting Standards
• Examine and attest the Companies financial statements
• Analyzing performance and providing Management Reports to the Companies
• Evaluation and reporting of the internal controls
• Providing assurance to the shareholders regarding the performance of the Company
• Lenders of the Companies are assured regarding the stability and financial position of the business
• Providing assurance to the various regulatory authorities

Internal Audits

We specialize in successful operation of internal audits for our clients for proper regulation of everyday transactions. We provide expert professional to carry out various functions like:

• In depth analysis of internal controls and accounting policies
• Creation of regular reports on on-going working of the Company
• Transactions verification and report compliance with respect to the Companies policies & procedures
• Early detection of fraud and mitigating its effect on the business
• Suggestions for improvement in the performance of the Company

Special audit

With our client centric approach we offer special audits which include auditing of government general account with certain fact’s or situations under special focus. It gives the answer whether the audit on the government general account finds the problems with financial management or operation worth to be further analyzed or not. Further, the Commission of Audit would proceed to follow up works, searching for causes and presenting suggestions, viable and practical, aiming at elevating the financial management efficiency by the public departments.