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For some wholly owned subsidiaries of an US MNC operating in India,our company has been entrusted with their entire F&A operations including MIS reporting to the MNC’s HQ in USA.

The management of the F&A operations involves the following:

• Maintaining of books of accounts

• Preparation of income and expense statements

• Preparation of cheques and payment advices.

• Banking payouts and payins

• International controls and checks.Maintaining the efficacy of the system.

• Deducting tax at source as per tax laws applicable and ensuring statutory compliance levels.

• Payroll management including pay advises,credit to employee accounts,year end salary certificates,tax and labour laws compliances.

• Weekly,monthly and quarterly cash forecasts and comparisons of budgets with actuals and variance analysis.

• Reporting of cumulative accounting details of assets,liabilites,incomes and expenses on a monthly basis.

• Assisting with company secretarial matters such as maintainance of statutory registers and compliances under the company’s act.

• Preparing and ffiling of Income returns and attending to Income Tax proceedings.

The company employs a force of 30 employees but does neither have an accounts’ department nor any employee with accounting function,thus saving on costs,concentrating on core functions of business and increasing profitability and enhancing the quality of each individual with whom they relate.