Accounting Support

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CFO Perspective can assist you in preparation of entire books of account onsite or offsite. Further, we will can also prepare Financial Statements required for the purpose of statutory audit, Group reporting, reporting to investors, projections for future for term loan or working capital loan. You can also rely on us and completely or partly outsource your P2P and O2C processes

CFO Perspective can assist you in conducting various kind of, onsite or offsite reconciliation, such as: - 

• Bank Reconciliation
• Receivable ledger reconciliation
• Payable ledger reconciliation
• Tax ledger reconciliation
• Revenue and Purchase reconciliation between operating system and accounting system

Statutory audit is a seasonal thing and every year CFO or virtual CFO and accounting manager has to spend high amount of extra hours to get the audit done.

Upon outsourcing, our dedicated resources can assist you, that you focus on your core business and "getting the audit done" leave on us. 

CFO Perspective can prepare all the information required by auditors and provide all explanations, and include our consulting experience.

In today's globalised world, a CFO is expected not only to prepare the books of the accounts as per prescribed local standards but also need to do other compliance required by other stakeholders. Some examples are 

• information to stock exchanges, SEBI, Foreign parent company. 
• Group to local GAAP conversion, 
• Chart of Account mapping with Group

We provide internal audit services on concurrent or ad-hoc basis and on-site or off-site.

Implementation of Ind AS is next big thing on platter of CFO, and we are happy to assist you in impact study, conversion and implementation

• P2P is "process of obtaining and managing the raw materials or services needed for manufacturing a product or providing a service, all internal processes involved from planning, ordering, approving & recording supplier invoices and making payment thereof". 
• This journey traverses its way through many departments and through the signatures of many managers. On the way, many decisions are made and many documents are created. This is the perfect recipe for an organization to face increasing chaos and rising costs. Many companies look at outsourcing as a solution to these problems.
• There are many sub-processes that can be outsourced to save the company costs. Invoicing, purchase order management, data processing, reconciliation and even dispute resolution can easily be put in the hands of a third party service provider.
• If the outsourcing deal crosses international borders, and it frequently does these days, then both parties gain from the exchange rate conversion. They also gain from the time difference, and if used judiciously, it allows the business to stay functional around the clock.

• Focus on Core Capability: The company can focus on their core operations. Skilled personnel who would have wasted their time and talent on repetitive data processing work can be deployed to more demanding and vital roles. The company can also reduce their recruitments and instead run a lean and mean business.  
• Value-Added Services: A specialist outsourcing company would also provide a wide range of value added services like analytics, process improvements and upgrades in technology. On their own, many companies would not invest in analytics since they have neither the expertise nor resources for such work. But an outsourcing company that focuses on a specific domain would see value in investing in new technology or hiring skilled analysts.
• Scalability: Companies that have seasonal demand for their products and feel the need to hire data processors or workers on temporary contract are saved from this additional expense. A capable Finance and Accounting outsourcing services company could easily move personnel between their internal teams during unusual spikes in work volume and manage the load effectively. They also cross train people so that there is always back-up during times of crisis or excess workloads. 

• setting up an invoicing  approval process - from issuing Purchase order to making payment
• approving supplier invoices on your behalf, doing 100% compliance as per SLA, without any deviation and arbitration, identification and categorisation of disputes
• recording the supplier invoice (and other information, as per SLA), into the accounting system
• Recording keeping (or facilitating)  in soft and hard copies
• issuing payment and its accounting
• Reconciliation of supplier ledger
• assistance in dispute resolution
• Providing data required to the tax department for tax credit, withholding tax and other compliances