With the increase in complexity of the business environment and transactions, financial reporting is becoming increasingly challenging. This challenge is amplified by the significant changes being envisaged in the financial reporting standards in many jurisdictions. Numerous companies are also seeking to improve their processes to achieve timely and accurate financial reporting.
Our Financial Accounting Services practice comprises of a dedicated team providing accounting and financial reporting advice and support to member firms audit and non-audit clients on a wide range of transactions and events, including adherence to new or revised accounting standards and effective management of the financial reporting processes.
Our teams have a variety of skills including technical knowledge and experience, regulatory and standard setting experience, complex transaction and event understanding and process enhancement and project management capabilities.
Our financial accounting services includes statutory financial accounting, VAT return compilation, preparation of financial statements and annual reports and accounting supervision and controls.
Outsourcing the financial accounting function can be done in whole or in part and is carried out with exactly the right combination of human resources, specialist processes and technology to serve you most effectively.
The Financial Accounting Module deals with Cash/Bank, Receipt/Payments, Journal
Voucher and General Ledger etc. Books like Cashbook, Bankbook and Ledger book can
be generated. This module generates reports like Trail Balance, Balance Sheet and
Profit and Loss statement. The Financial Accounting Screens describe about the Account
Payable, Account Receivable and General Ledger. Also describe the activities related
to IP, OP, Bank related activities and provision to clearing the Supplier Invoice
and keep track of the Account Receivable and Revenue related activities. The services
that are covered by the sponsor companies, Insurance Agencies, Family Accounts,
Individual Accounts, sponsorship details of the patient, Health Card Insurance are recorded in the system.