We manage your book keeping, daily accounts, and handle all financial reporting for better visibility on your business operational efficiency. We can prepare a simple to complex budget catering to small, medium, and large companies. Our accounts experts can handle your day-to-day accounting and billing needs so you can stay head on with your core business.
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Reporting & Reconciliation Accounting & Budegting
Accounting & Book Keeping
Hiring an in-house accountant may be a tedious and costly affair. Entrust us with this work and our team will ensure full support to maintain books of accounts and prepare reports customized for each stakeholder in the organization. We assure you of the best service in keeping the books of accounts up to date, taking due Diligence in record keeping and accounting.
MIS & Daily Flash Reports
Our professional team ensures that the books are updated and completes the month end closing process within 5 days. Management Reports with detailed analysis are shared for review on or before 7th of every month. Daily Flash Reports with critical highlights of the previous day’s transactions – Sales, Purchase, Compliance, Fund Status would be shared with the Management.
Bank Account Reconciliation
The entries posted from Bank to books are often not correctly recorded with adequate narration and supporting references. PCFO team assures you of all bank accounts reconciliation update of books on a daily basis. This ensures up to date books with accurate reports extracted from accurate transactions.
General Ledger Scrutiny
Regular scrutiny of the general ledgers in books would ensure the books reflect the correct balances and the reports are right. This increases the trust with all stakeholders – Shareholders, Bankers, and so on. PCFO team ensures the books are accurate scrutinizing and re conciliating them appropriately.
Break-even analysis helps in important decision-making in an organization. It gives clarity about what point of sales the company starts generating profits. PCFO team assures to support the management in such important decision-making.
Budget vs. Actual
PCFO team helps in analyzing and reporting the actual against the budgets. This variance analysis helps the management in taking timely corrective actions well before the end of the year, thus ensuring achievement of targets.
Audit is an addition to the routine calling for staff to cater to the data requirements of the auditors. Any delay in completing the audit incurs additional cost. PCFO team helps to prepare you for the audit while you continue with your day-to-day operations, and ensures the smooth closure of the Audit by keeping the books updated and accurate.
PCFO team facilitates with the necessary contacts for bill discounting arrangement so that the company can avail short term finances at competitive rates. The waiting period of collection from the customer is reduced. This option would be more flexible than short term loans, overdrafts or term loans.
Customer Account Reconciliation
One of the shortcomings of any delay in collection is on account of differences in the accounts of the company and the customer. Regular reconciliation and confirmation of the accounts ensures there are no differences in the balances claimed by both the parties and would result in effective follow-up for recovery of dues on time and positive cash flow for the company. It is also observed that many a times the Debit notes and Credit notes are not issued and accounted on time by either of the party and would delay the process of payment. These would be known if the accounts are reconciled on regular basis. PCFO team can support with all the above and relieve the management to concentrate on sales and profit maximization.
Vendor Account Reconciliation
The vendor may issue legal notices for non-payment or at times stop supply of material or services becoming a showstopper. The vendor account might not be updated and reconciled on time. PCFO team keeps the vendor accounts updated regularly by maintaining the Purchase Order Register/Service Order Register, and accurately updates the vendor master forms, verifies if the Goods Receipt Notes are duly certified by the QC Team, Bills are as per the Purchase order and are duly authorized by the officials as per the Authority matrix and are accounted correctly in the books. The due dates of payment should be captured in the books based on the Purchase order terms, and payments are made based on the cash availability and forecasts.