Insights

Service Plan
Service Plan

PROBLEM
How can a multi-national enterprise ensure compliance with various regulatory statues in India?

METHODOLOGY
Our specialized teams offer end-to-end solutions to accounting, payroll process including taxation on payroll, vendor accounting (AP) including maintenance of vendor invoices and timely payouts, tax with-holding, social security, compliances with other statutes – federal, state, town or local bodies – to the extent that it impacts business enterprises. Technical training programmes to our teams (of the team, by the team and for the team) are a weekly activity at all 8 offices across India.

The teams worked on a clear time-table (or a Monthly Activity Plan) that was discussed and agreed with. The teams typically consist of a Junior Executive, a Senior Executive and a Manager. The team is accountable to a Partner and the methods ensure that the maker-checker concept is in-built into the accounting process ensuring internal control with respect to book-keeping.

OUTCOME
The in-house automating processes ensured predictable and consistent reporting amongst the teams to ensure compliance. As a result of being fully trained and exposed to several popular Accounting Software Tools, we were able to deliver financials as required by Indian GAAP. We were also well-exposed to client defined systems that have embedded US GAAP into the process. Our teams worked both on desktop, server and cloud platforms – both for accounting and also payroll processing

 

DISCLAIMER


We have taken all steps to ensure that the information on the website has been obtained from reliable sources and is accurate. However, this website is not intended to give legal, tax, accounting or other professional guidance. We recommend appropriate advice be taken prior to initiating action on specific issues.

ASA & Associates LLP

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