Solarium Financial Advisory Private Limited

Accounts payable (AP) and accounts receivable (AR) both deal with business credit. The difference is that AP deals with the businesses that you owe, while AR is about the businesses or individuals that owe you.

Maintaining your AP is about managing bills that you have to pay. These include product purchases, services or supplies used in the business, payroll and taxes and other items such as utility, internet, insurance or repair bills.

To help you effectively manage your Payable:

• Policy on Direct and Indirect Purchase.
• Approval authorities for Purchases to be decided in policy
• Limit for purchases below certain amount to be made without quotes and purchase order like purchase of small office items whose value is less than Rs 1 lakh
• Vendor Master creation and updation
• Purchase requisition to be raised by department
• Selection of Vendor on the basis of Quotes
• Creation of Purchase orders
• Making goods receipt in system
• Payment to vendors on due date after doing three way check and accounting of the same
• Vendor Reconciliation on periodic basis.
• Support yearend audit and periodic book closing.

To help you effectively manage your Receivable:

• Creation of Customer Master.
• Fixing credit period for each customer.
• Recording of receivable on daily basis.
• Customer reconciliation on periodically basis
• Providing customer ageing to Business for follow ups
• Reserve for Doubtful accounts (RDA) accounting if any
• Periodic review of RDA with Business
• Support in closing and reporting during month , quarter and year end.

We offer all kinds of accounting and book writing services. We offer tailor-made accounting and book writing systems for Sole proprietorship, small businesses, midsized businesses or large conglomerates. In this age of cut throat competition, it is imperative for top and middle level Managers to update themselves with the statistics and current affairs of the company which are important for the policy formulation. This is where the carefully prepared accounts of the company come in handy. We at SFAPL. have a team of most efficient and competent staff to meet with this important requirement of our clients who readily furnish every data and information as and when required. We provide accurate and timely services full range of accounting, book writing services, quarterly updates and financial statement preparation services that include:

• Book-Writing
• Daily Online Access And Timely Reporting Via The Internet
• Payroll Reconciliation
• Checking Account Reconciliation
• Accounts Receivable/Payable Reconciliations
• Data Entry / Comparison of data from hard copy to soft copy and vice-versa
• Capital Planning And Investment Management
• Preparation of Management Accounts and Statutory Accounts.
• Separate Currency And Investment Gain/Loss Accounting
• Partnership Accounting

Our end-to-end Accounting services covers the following:

• Transaction accounting
• Book Keeping
• Invoice booking
• Purchase Accounting
• Bank Accounting
• Reconciliations
• Financial Reporting

• Opening of Bank accounts.
• Getting cheque signing authorities approved board in Bank accounts.
• Preparing cash flow to support business.
• Inward remittance of Capital(Funds) approvals and approval from Reserve bank of India.
• Policy for investment of Idle funds in Bank.
• In Future to help in repatriation of funds to Holding company.
• Bank reconciliation on monthly basis to ensure proper accounting and reporting.
• Balance confirmation from banks on closure of book as per statutory guidelines.

Sfapl Outsourcing team, of trained tax preparers, offers complete tax processing services to accounting firms.Our tax preparers are qualified to take on responsibility of the complete tax preparation process including:

• Payment of TDS(Tax deducted at source) on monthly basis,
• Filing of TDS return of Quarterly basis,
• Providing TDS certificates to Vendors on quarterly/yearly basis
• Computation of Income Tax Quarterly and Yearly
• Payment of Advance Tax every quarter Filing Income tax return on yearly basis
• Tax Audit as per Statutory Guidelines
• Providing data and support for Income tax assessment every year
• Regular Correspondence with Income tax Authorities in India

Sales Tax/VAT:
The VAT/Sales Tax (applicable in states where VAT not applicable) is a comprehensive tax levied by the state governments on the goods manufactured and on rendering of the services. Complying to tax body, Maintenance of Records to Comply with it and filling monthly tax payment and filling returns quarterly, half yearly and annually. Also providing data & support for assessment and regular correspondence.

Service Tax:
The Service Tax is levied by the union government on the services used by the consumers of the service providers. The present service tax rate is 12.3%, it including 3% education cess. . Complying to tax body, Maintenance of Records to Comply with it and filling monthly tax payment and filling returns quarterly, half yearly and annually. Also providing data & support for assessment and regular correspondence.

We help to maintain perfect record of Companies Act for Private Limited and Limited company. The Required periodic submission of documents in ROC is done on time to time basis.We also help you to maintain statutory register, recording of board minutes book, minutes of audit committee and other reports.

• ANNUAL RETURNS:- Form 20 B
• COMPLIANCE:- Form 66
• FILE OF BALANCE SHEET & Profit & Loss A/cIN ROC:- Form No.23AC and Form 23 ACA
• Appointment or Resignation of director:- Form 32
• Change of Registered Address:- Form 18
• Allotment of Shares:- Form 2
• Increase of Authorized Capital: Form 5

We offer our auditing services to the businesses of all size and nature. We strictly adhere to the audit norms to execute the audit work of our clients. We study the working systems, nature and volume of business and advise suitable charges and make valuable suggestions to promote efficiency and achieve better results at the same time. We make it a point that the auditing work is undertaken efficiently so that it does not raise superfluous queries and unnecessarily trouble the clients. We try to complete the audit work in the least possible time and minimal botheration to our patrons.

Our Auditing services include:-

• Financial statement audit
• Regulatory compliance & reporting
• Assistance on capital market transactions
• Independent controls & systems process assurance
• Internal audit
• Regular audits
• Follow up audits
• Consultation reviews
• Special investigations

Outsourcing or Co-sourcing of Internal Audit

• Strategic Review Of Internal Audit Departments
• Establishing an Internal Audit Function
• Accounting procedures manual
• Reconciliation problem resolution