Financial & Accounting Services

We are engaged in offering Acquisition & Mergers Services to the clients at industry leading price range to meet their financial constraints. All our services are widely acclaimed by the customers due to their reliability, flexibility, timely execution and promptness. With the help our efficient workforce, we are capable of offering efficient services to the clients by following ideal methods to implement corporate strategy. Some of the highlights of our services are as follows:

 

• Better marketing strategies
• Reduce competition
• Help in resolving certain tax issues

We are a known provider of Management Consultant services to the clients. These consultant service helps us in improving the performance of the organisation by primarily analysing the existing business problems. Moreover, we develop excellent plans for improvement of the organisation. Generally, we provide the following:

 

• Organisational change management assistance
• Development of coaching skills
• Technology implementation
• Strategy development
• Operational improvement services

Our organisation has hired highly efficient Tax Consultants, who are engaged in offering reliable services to the clients. They are highly efficient in offering income tax, vat, service tax return file and other tax services to the clients. We have immense expertise in offering the best consultancy for service tax issues. In addition to this, we make use of various resources for the assessment of the service tax as well as following all government acts and policies.

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Our firm provides a full range of cost effective accounting services including the following:

 

• General ledger and financial statement preparation
• Accounting system setup for new businesses
• Computerized payroll services
• Bookkeeping
• Business tax return preparation
• Personal financial statements

 

Review & Compilation: We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on two levels of assurance:

 

• Review - some analytical procedures conducted with limited assurance
• Compilation - based upon client information provided and used primarily for internal use.

 

Account Outsourcing Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.

The firm has vast & varied experience in conducting all types of Audits for large & medium sized business entities. The firm also has the expertise to prepare financial statements not only in accordance with international accounting standards (IAS) but also in compliance with the generally accepted accounting principles (GAAP) especially US-GAAP.

We provide following Audit Services :

Internal Audit Services / Concurrent Audit Services :

• Compliance with management controls
• System and process improvements
• Financial impropriety and fraud audits
• Due diligence for acquisitions and investments

Our emphasis is on ensuring strong internal control systems to minimize the risk of accidental or deliberate errors and omissions. Safeguarding of assets, adequate division of authority over key control areas and compliance with internal operating policies and guidelines are other focus areas of our procedures. Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value

Management Audit Services : Productivity and efficiency of management are key determinants of an organization's success. Our procedures aim to maximize management performance by focusing on improving processes within the organization.

Operations and Efficiency Audit Services : Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value. We focus on streamlining processes, minimizing waste and objective measurement of management and staff performance.

Special Investigative Audit Services : Despite designing and installing high quality control systems, organizations do face situations involving fraud and financial impropriety. We have assisted clients in unearthing such situations and taking remedial action.

Traditionally, Business Process Outsourcing has been a management tool available only to large companies. These companies saved millions in monitory terms as well as much in non-monitory terms by outsourcing their low or no value addition activities, such as accounting, finance and payroll to specialized service providers.

We provide business process outsourcing, consulting and accounting system implementation to small, emerging growth and concept-stage businesses. We pride ourselves on providing practical solutions for back-office needs. Our Associates include experienced CAs, ICWAs, CSs, MBAs, Advocates, and Accountants

What Can Be Outsourced:

• CFO/Controller Consulting
• Financial Statement Preparation
• Payroll Processing
• Raising of Equity Capital
• Raising or Renegotiation of Bank Debt
• Tax Strategy and Minimization
• Financial Modeling
• Business Planning
• Preparation of Audit Work papers for Year-End Audit
• Preparation of Monthly Financial Statements
• Internal Control Reviews
• Statutory Compliance under various Acts as Applicable
• Implementation of Accounting Software
• Due Diligence for Mergers and Acquisitions
• Excise, Sales Tax and Service Tax Compliance and Audits
• Employee Benefits and Compensation Strategies

How Outsourcing Different:

• Work is to be performed by experienced professionals
• Cost is known and fixed
• A long-term commitment is not required
• Expectations and deadlines are mutually agreed and consistently met
• Experts are always available for special projects
• A policy and procedure manual is prepared and kept up to date
• A logical, orderly, and neat filing system is established and maintained
• If full-time staff is eventually required, we can help with recruiting and training
• After our assignment is completed, we are always available for special projects

Gone are the days when audit is done through a manual process as the automation of business process and maintenance of record.  We, at Dinesh Mohan & Company, Chartered Accountants are equipped with latest technology like Information System Audit and Computer Aided Audit Techniques (CAAT).

We do also have specialized knowledge of implementing ERP System and provide expert advice in the following areas:

System study, design, analysis and implementation.System Audit.

Assisting in designing of customized software Processing of client transactions e.g. payroll & fixed assets, accounting etc.
ERP implementation  (Oracle,SAP and other ERP System)

Incorporation of Companies:

Secretarial Services - Back office work or compliance with all company law requirements like maintenance of statutory records, minute books & filing of required documents with the Registrar of Companies (ROC) etc .

Advisory Services regarding all company law matters & Merger and Amalgamation of Companies

Representation before Registrar of Companies and Company Law Board.

FEMA & RBI Advisory services regarding foreign exchange regulations and matters with the Reserve Bank of India
Mergers and Acquisitions : We provide consultancy on all company law issues in respect of mergers and acquisitions of companies and also carry out the entire range of services / activities involved in carrying out complete merger / acquisitions exercise.

Our exhaustive arrays of services include dealing in various financial products and include Project Feasibility study; project Financing, Project implementation by arranging finance for Corporate, Businessmen, Traders and Exporters etc.

The various financial products are as under:

• Unsecured Corporate Loans
• Loan Syndication for Bigger Projects/Expansion Plan etc.
• Working Capital, Term Loans from Banks
• Takeover by Banks/Financial Institution
• Packing Credit Loan, Letter of Credit for Importer & Exporter
• Bank Guarantee
• Clean overdraft (OD)
• Loan against Property
• Foreign Direct Investment (FDI)
• Foreign Private Equity and Venture Capital
• Preparation of Project Reports, Formation of Company and Allied Services
• Non Fund Based Products Facilities
• Standby letter of credit
• Funding for Real estate Business

In the current era of extreme competition in the market place, companies need to stay 'lean and mean', focusing on the core area of their business while outsourcing the critical but resource consuming back office functions.

HR Management and Payroll Processing are back office activities that are better outsourced than done in-house.

The more variables involved in an organization's payroll, the more it makes sense to use payroll outsourcing. Payroll service companies can calculate payroll, adhere to the latest tax obligations, print and deliver checks, and provide management reports for a fraction of the Total Cost of Ownership of building and maintaining a large in-house department.

 

Advantages of Outsourcing Payroll Processing Services

Outsourcing payroll processing offers phenomenal advantages to the corporate sector, especially the small and medium sized businesses. Some of the advantages are :

• Cost Reduction
  Direct costs for payroll processing are much higher than costs of outsourcing payrolls.

• No Penalties
  Outsourcing payrolls frees you from worrying about fines and penalties. It is believed that 40% of small businesses pay penalties for late or incorrect filings. Many payroll services provide a tax guarantee and make sure that there would be no fines and if there are take responsibility for them. For this reason alone, payroll outsourcing is cost justified.

• Attention Focused on Core Issues
  Management can focus on dealing with core issues of the business instead of the nitty-gritty non-core issues, when payrolls are outsourced. This saves time and energy which can be put to better use.

• Lowers Risk Potential
  Doing payrolls on your own can be risky, as along with working on your core-issues you need to look into confusing aspects of payroll making like, update tax tables, locate forms, submit reports and make payments. This distracts one from the business at hand and at the same time increases the risk of mistakes in the payroll.

• Experts at your Service
  Payroll expertise of the payroll service employed is at your beck and call, so you no longer have to keep track of the constantly changing rules, forms, etc.

• Compliance Management
  Compliances are the very foundation of our outsourcing values. We comply with all statutory requirements and our systems are regularly updated to reflect changing regulations. We ensure and check all the compliances are being fulfilled on time and our clients are also updated.

•     Technology  We use latest technology software’s and also keep our clients updated with the latest technologies. Technology is core to our service delivery as we explore means and methods to deliver with speed and accuracy.

• Local Expertise We are into business for more then 10 years now & our distributed business across PAN INDIA allows us to facilitate access for you globally. We regularly meet our clients and focus on customer care.

• Sharing Updates We provide all the statutory and compliances related updates, notifications to all our clients timely and keep a check that all the reminders/ alerts/ documents submission are in the knowledge of clients.