What is Accounting & Audit?

Accounting involves tracking, reporting, and analyzing financial transactions. It covers everything from preparing individual tax returns to preparing financial statements for multinational corporations, and is considered a fundamental discipline within the field of accounting.

An audit is an independent examination of accounting and financial records and financial statements to determine if they conform to the law and to generally accepted accounting principles (GAAP).

Accountants and auditors are responsible for detecting and deterring fraud by evaluating accounting systems for weaknesses, designing and monitoring internal controls, determining the degree of organizational fraud risk, interpreting financial data for unusual trends, and following up on fraud indicators.

We have a dedicated and experienced professional    team to provide   accounting and audit services to the clients. The team will help the management to develop a proper accounting system, establishing internal controls, complying legal and statutory formalities such as TDS, Goods and Services Tax (GST), EPF, ESI, Labour Welfare Fund, Professional Tax etc., Also provide training to staffs to  handle accounts and finance in an efficient manner, formulating policies and procedures of accounting as per the Accounting Standards and, conducting regular Internal Audit/Stock Audit/Management Audit etc.

Outsourcing of all accounting work & Statutory compliance works

Outsourcing your financial services involves using a service provider that essentially acts as your own financial team. We handle all or some of the accounting processes of your business depending on your needs, from bookkeeping to VAT returns. We will help you to get the advantage of outsourcing. By employing our professional accountants to handle your company’s accounting task, you can work with your established business activities, customer satisfaction and thereby you can make a hike in net profit.

Companies, big and small must adhere to statutory laws and regulations to keep the businesses out of any legal trouble and avoid penalties. Keeping track of changing government norms and regulations at all times is not easy and is a challenge in most companies. We offers a range of statutory compliance services to help companies deal with such challenges. This includes, but is not limited to, your Provident Fund, ESIC, Profession Tax, Labor Welfare Fund and other statutory deductions applicable for your particular organization. Our dedicated legal compliance management team keeps track of changing laws and updates the clients of the same apart from managing all the regular monthly activities. Through our services, we minimize the risk associated with non-compliance.

Internal Audit

Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. They ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection. Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit. Our experienced internal auditors focus on delivering unparalleled internal audit guidance that creates value. Our accounting firm develops long-term relationships with our clients and approaches each engagement with a focus on bringing value.

Finalization of books of accounts under IT act / GST law

As per the GST Act, every registered taxable person must maintain the accounts books and records for at least 72 months (6 years). The period will be counted from the last date of filing of Annual Return for that year. The last date of filing the Annual return is 31st December of the following year. Every registered person is required to keep and maintain all records at his principal place of business. They must maintain records of production or manufacture of goods, inward and outward supply of goods or services or both, stock of goods, input tax credit availed, output tax payable and paid and other particulars as may be prescribed. Every registered person whose turnover during a financial year exceeds the prescribed limit (2 crore) will get his accounts audited by our chartered accountant.