In today's scenario of globalization and technology convergence, the process of doing business has been redefined. Outsourcing various processes makes a lot of business sense. Most businesses and large companies are outsourcing their accounting processes for better management of their finances and time.
These services are structured to suit an individual client's needs and requirements. Some of the accounts outsourcing services offered by us are as under:
Book keeping and General Accounting Service
The service involves preparing and maintaining day to day bookkeeping and monthly or quarterly MIS. These books are prepared as per GAAP, accounting standards and can also be made as per specific client instructions.
Preparation of Financial Statements
The service involves preparing a company's annual accounts and schedules ready for the statutory annual audit.
Payroll
- Preparation of the monthly payroll, including all statutory and other relevant deductions.
- Relevant deductions as per statutory laws like Income Tax, PF, Professional Tax etc.
- Preparation of Forms 16 for Employees.
- Filing of Quarterly returns for e-TDS with Income Tax authorities.
- Deposit TDS & provide proof of deposit.
- Ensure redressal of any issues.
- Reconciliation of payments/statutory deductions with books of accounts on quarterly basis.
Cash Forecasting
The service involves analyzing the cash requirements of the business and making cash forecasts for planning the future.
Design and Implementation of MIS
In conceptualization and design of the system, the following services are provided.
- Designing to focus on the use of information in planning, management and the improvement of quality and coverage of services.
- Training of personnel for efficient use of the system. Information management and use are incorporated into the pre-service training curriculum and the job description of all personnel.
- Quarterly feedback, supportive supervision visits and quarterly reviews are institutionalized. A mid-term review of the achievements of the information system is also carried out.
Due Diligence
We assist clients in conducting financial, legal and accounting reviews in case of mergers, acquisitions and investments. A sound understanding of local laws, regulations and accounting practices enables us to vet all critical issues in detail.
Compliance with Indian Accounting Standards (Ind-AS)
Under the Companies Act 2013, certain class of companies are required to follow Ind-AS in preparation of their financial statements starting from FY 2016-17 with comparatives for 2015-16. AKSJ undertakes assignments to assist the Company in understanding Ind-AS (by conducting workshops and seminars) preparation of Ind-AS compliant Financial Statements.
Certification and Attest functions
The firm provides a variety of certification and attest functions which consist of issuing of a varied range of certificates like EPCG certification, Outward remittance Certification, Search Report for Corporates, etc.,
Financial Services
We have years of experience in providing business financial services to our clients. Our experts carefully analyze the current situation and accordingly prepare the project reports. Loan arrangement needs are also well taken care by us including cash credit limit, term loan and project loan. We also offer due diligence for finance and valuation of shares.
- Preparation of project report, CMA and Bank Application
- Arranging and Syndication of loans - Cash Credit Limit, Term loan, Corporate Loan & Project loan
- Private placement of shares, Inter-Corporate Deposit, Terms loans, working capital limits, etc
- External Credit Borrowings (ECBs)
- Due diligence for Investments
- Valuation of shares