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OUR SERVICES

Finance and Accounting Outsourcing

Finance and Accounting Outsourcing service is for organizations looking to outsource their complete finance and accounts function to a single partner. Our solution enables unified delivery of services and excludes the need to have separate staff consultants, tax consultants, CA's, CS's and accounting executives. We can provide high-quality services at a component of a cost incurred to keep an in-house team by adopting a shared service model.

 

Our solution goes beyond the day-to-day bookkeeping tasks. We establish robust procedures and controls during the first phase of our engagement, ensuring sensible risk management for clients and smooth day-to-day working for the client's operations team. We provide advice and bring in best practices in finance and accounts for the client. We offer adapted, and timely MIS to our services classically include book-keeping, payroll management, vendor payments, receivables management, taxation, compliance management, secretarial, fund management and MIS reporting. We work on a retainer-ship model for accounts outsourcing assignments.

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Accounts Payable

FIN NK Consultants understands the importance of creating an authoritative and well-implemented Accounts Payable Procedure so that stakeholders get accurate and complete financial statements.

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Accounts Receivables

FIN NK Consultants provides process-oriented end to end Accounts Receivables solutions to the clients, which empowers them to focus on their core business.

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Banking Relationships

Banking plays a vital role in the financial life of a business, and the importance of banks can be seen from the fact that they are considered as to be the life-blood of the modern economy.

 

Audit support

FIN NK Consultants provides an end to end support to its clients for completing the audit of accounts by Independent external agencies. We offer full assistance in resolving every query raised by auditors to their satisfaction.

 

MIS and Reporting

FIN NK Consultants helps its clients in giving timely and accurate information on the financial health of the company in the form of periodic MIS reports with detailed analyses with suggestive actions to implement.

 

Bookkeeping services

FIN NK Consultants is a leading Service Provider in handling end to end Accounting and Book-Keeping Services, bringing a solution for such companies for providing end to complete Accounting and Bookkeeping services.

 

Reconciliation Services

Reconciliation is a crucial task in the whole gamut of Accounts and Finance Department. Nowadays most of the companies are facing this difficult task of reconciliation of the massive amount of data.

 

Tax Compliance

Proper handling and maintaining of all tax compliance as applicable from time to time is a critical task for any company. We are specialized in GST, Income Tax, TDs and Professional Tax.

 

Year End Accounting

Every 31st March comes financial year-end, and we struggle with the closure of books. Financial regulations change now and then, making it difficult for Company. The Foremost consultant provides the services to the clients for creating an event less task for the Year end closing.

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Corporate Services

  • Incorporation of company.

  • Consultancy on Company Law matters.

  • Filing of annual returns and various forms, documents.

  • Secretarial Matters including share transfers.

  • Maintenance of Statutory records.

  • Consultancy on Public/Rights/Bonus Issue of shares.

  • Change of Name, Objects, Registered Office, etc.

  • In-depth study of existing systems, procedures and controls for proper understanding. Suggestions for improvement and strengthening.

  • Ensuring compliance with policies, procedures, and statutes.

  • Comprehensive review to ensure that the accounts are prepared by Generally Accepted Accounting Policies and applicable Accounting Standards.

  • Checking the genuineness of the expenses booked in accounts.

  • Reporting inefficiencies at any operational level.

  • Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence.

  • Certification of the books of account agreeing with the Balance Sheet and Profit and Loss Account.

  • The issue of Audit Reports under various laws.

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Types of Audits conducted

  • Statutory Audit of Companies.

  • Tax Audit

  • Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.

  • Internal Audits.

AUDIT SERVICES

PAYROLL SERVICES

  • Preparation of Monthly Salary Sheet.

  • Deductions as per applicable laws like Income Tax, Provident Fund, and Professional Tax.

  • Computation and deposit of TDS, ESI, PF etc.

  • Payslip by password-protected e-mail.

  • Reimbursement of LTA and other bills.

  • The issue of Form 16 to employees.

  • Periodic Reconciliation of payments/statutory deductions etc. with books of accounts.

  • Administration of gratuity, superannuation, pension schemes, etc.

TEMPORARY STAFFING

FIN NK Consultants assists clients in their Regular or Seasonal staffing requirements by providing contractual or temporary staffing services. We work with our clients for hiring or identification of temp resources and take the selected resources on our payroll for providing the payroll support services to the client. Alternatively, we also take on our payroll, resources pre-identified by clients or existing ones from any other sources. The Foremost consultant takes complete responsibility for all HR Administrative activities, statutory employee benefits and compliances for the outsourced resources. The operational and performance related aspects are monitored by the client and the client retains complete control of the same.

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