CFO Service Packages for micro to small size company

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Part time CFO service, suitable for companies having 1 to 2 junior Accounting Staff

Scope of Services: -Supervision, guidance & engagement services with the finance department to achieve the following objective -

A. Books of Accounts:

• Completeness of transactions
• Accuracy of numbers
• Adequate information in the accounting system
• Compliance oriented accounting, in terms of income tax, GST, company law and other related regulations
• Accounting Vouchers, Invoices, Receipts, Reconciliation and other records are maintained properly

B. Financial Control:

• Review of ledgers such as Employee Ledgers, Supplier Ledgers, Customer Ledgers, Tax Ledgers, Proprietor / Director Ledgers, Security deposits, Bank Reconciliation, Bank Guarantees, to identify and initiate actions
• Report to management, on the GST credit not claimable or not claimed by the company

C. Statutory Compliance: 

• TDS deduction on suppliers, TDS Payment, TDS Returns,
• Employee tax calculations and issuance of Form 16, TDS Returns
• Applying and checking of GST compliance on Sales invoices, GST Payment, GST monthly Returns
• Applying and checking of ESI, PF and other compliance.

D. Advisory:

• Mild advisory concerning business transactions
• Discussion regarding tax planning and tax-saving concerning the business of the company

The total number of hours involved: 32 working hours out of which 8 hours by a senior corporate experienced Chartered Accountant 

Place of working: Offsite or onsite, as per work requirement.

Suitable for companies having 2 to 3 Accounting Staff

Scope of Services: -Supervision, guidance & engagement services with the finance department to achieve the following objective -   

A. Books of Accounts:

• Completeness of transactions
• Accuracy of numbers
• Adequate information in the accounting system
• Compliance oriented accounting, in terms of income tax, GST, company law and other related regulations
• Accounting Vouchers, Invoices, Receipts, Reconciliation and other records are maintained properly

B. Financial Control:

• Review of ledgers such as Employee Ledgers, Supplier Ledgers, Customer Ledgers, Tax Ledgers, Proprietor / Director Ledgers, Security deposits, Bank Reconciliation, Bank Guarantees, to identify and initiate actions
• Report to management, on the GST credit not claimable or not claimed by the company

C. Statutory Compliance: 

• TDS deduction on suppliers, TDS Payment, TDS Returns,
• Employee tax calculations and issuance of Form 16, TDS Returns
• Applying and checking of GST compliance on Sales invoices, GST Payment, GST monthly Returns
• Applying and checking of ESI, PF and other compliance.

D. Advisory:

• Mild advisory concerning business and new strategies
• Discussion and analysis of tax planning and tax-saving avenues concerning the business of the company 

E. Monthly Closing and P&L Report:

• Assisting in Monthly Closing of books of account
• preparation of P&L account, every month, as per designed format
• Debtor's Aging Report

Total number of hours involved: 40 working hours out of which 16 hours by a senior corporate experienced Chartered Accountant

Place of working: Offsite or onsite, as per work requirement. 

Suitable for companies having 2 to 5 Accounting Staff

Scope of Services: -Supervision, guidance & engagement services with the finance department to achieve the following objective -   

A. Books of Accounts:

• Completeness of transactions
• Accuracy of numbers
• Adequate information in the accounting system
• Compliance oriented accounting, in terms of income tax, GST, company law and other related regulations
• Accounting Vouchers, Invoices, Receipts, Reconciliation and other records are maintained properly

B. Financial Control:

• Review of ledgers such as Employee Ledgers, Supplier Ledgers, Customer Ledgers, Tax Ledgers, Proprietor / Director Ledgers, Security deposits, Bank Reconciliation, Bank Guarantees, to identify and initiate actions
• Report to management, on the GST credit not claimable or not claimed by the company

C. Statutory Compliance: 

• TDS deduction on suppliers, TDS Payment, TDS Returns,
• Employee tax calculations and issuance of Form 16, TDS Returns
• Applying and checking of GST compliance on Sales invoices, GST Payment, GST monthly Returns
• Applying and checking of ESI, PF and other compliance.

D. Advisory:

• Mid-level advisory concerning business and strategies, including some research work
• Discussion and analysis of tax planning and tax-saving avenues concerning the business of the company  

E. Monthly Closing and MIS Report:

• Assisting in Monthly Closing of books of account
• preparation of P&L account, every month, as per designed format
• Debtor's Ageing Reports
• Stock item-wise Gross Profit Reports
• Salesperson-wise Gross Profit Reports
• Profitability Report for each job undertaken
• Sales incentive/ bonus computation

Total number of hours involved: 48 working hours out of which 24 hours by a senior corporate experienced Chartered Accountant  

Place of working: Offsite or onsite, as per work requirement.  

 We can also provide a customized package as per your requirements for annual filing and compliance. Please raise a request via Contact form below; or email us at info@cfoperspective.in;  or call us at +91  9811601249