Virtual CFO
Services

An outsourced CFO is a financial expert who provides financial strategy services on a part-time or project basis.

WHO IS THIS FOR?

This service is provided to all firm, companies, LLP and Proprietorship

HOW DO I SIGN UP?

Post the detailed discussion you will be sent the list of items required. The details will be analysed and the guidelines for the process will be provided. Complete support is provided by hosting weekly discussions and Monthly reporting.

KEY BENEFITS

An Outsourced CFO can also help a company resolve challenges such as cash flow issues, raising capital, solving tight margins, implementing more efficient systems or preparing for growth.

A CFO service will generate a budget and financial projections to give you and your board the best financial information possible to make strategic decisions about your company’s future as well as the toolset to hold your team accountable for hitting your goals.

SERVICE SCOPE

Supervision, guidance & engagement services with the finance department to achieve the following objective

A. Books of Accounts:

Completeness of transactions

Accuracy of numbers

Adequate information in the accounting system

Compliance oriented accounting in terms of income tax, GST, company law, and other related regulations

Accounting Vouchers, Invoices, Receipts, Reconciliation, and other records are maintained properly

B. Financial Control:

Review of ledgers such as Employee Ledgers, Supplier Ledgers, Customer Ledgers, Tax Ledgers, Proprietor / Director Ledgers, Security deposits, Bank Reconciliation, Bank Guarantees, to identify and initiate actions

Report to management, on the GST credit not claimable or not claimed by the company

C. Statutory Compliance:

TDS deduction on suppliers, TDS Payment, TDS Returns,

Employee tax calculations and issuance of Form 16, TDS Returns

Applying and checking of GST compliance on Sales invoices, GST Payment, GST monthly Returns

Applying and checking of ESI, PF, and other compliance.

D.Advisory:

Mild advisory concerning business and new strategies.

Discussion and analysis of tax planning and tax-saving avenues concerning the business of the company.

E. Monthly Closing and P&L Report:

Assisting in Monthly Closing of books of account

Preparation of P&L account, every month, as per designed format

Debtor’s Aging Report

A total number of hours involved: 40 working hours out of which 16 hours by a senior corporate experienced Chartered Accountant.

Place of working: Offsite or onsite, as per work requirement.

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