Financial Services

Every company needs finance department to process transactions, file taxes, prepare legal documents like balance sheet and P&L statements, follow up on accounts receivable etc. While companies like to focus on their core business to build the competitive edge, building departments like these in-house is expensive, time consuming and inefficient.

These tasks can be delegated to a trusted partner who will analyze all payments, check if TDS, GST input and other taxes are paid at the right time, check the balance sheet with bank statements to see if every penny is accounted for and also provide financial consulting on how to save money and maximize profits.

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A proper finance department should monitor cash inflow and outflow, process TDS, GST input and other taxes, file taxes regularly, follow up on accounts receivable and payable, match their balance sheet with bank account statements and generate relevant reports for management. While this is practical for large corporations, small to midsize comopanies are better off outsourcing these services to stay ahead and avoid hassle.

Advantages of opting for Financial Services

It helps companies in tracking down their accounts receivable and payable
It helps companies match their income statement, balance sheet with their actual revenue in bank accounts
It helps companies pay the right amount of tax at the right time and claim tax return
It helps the company understand their financial situation through customized reports generated for them
It helps companies stay within legal boundaries regarding finances
The financial consultants help the company with expert guidance on budgeting, how to run the company and how to stay profitable