Services


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1. Accounting

  1. Complete back office accounting include US GAAP, IFRS compliance
  2. Book keeping will entail all the aspects of accounting including preparation of vouchers, accounting entries, maintaining documentation. Monthly accounts will be presented by 10th of next month.
  3. Voucher preparation
  4. Maintenance of Files
  5. Bank Reconciliations
  6. Travel and Advance Adjustments
  7. Raising of invoices for Shared services after inputs are received from Finance & Accounts department
  8. Maintenance of accounting books
  9. Supervising Accounting functions
  10. Preparation of Financial Statements (Income Statement, Balance Sheet, Cash Flows) on monthly, quarterly and annual basis
  11. US GAAP and IFRS Convergence

 

2. Cost Centre Accounting

  1. Cost Center based accounting shall be done. Every industry has a job based or activity based cost centre in conducting the operations, during the process of accounting the transactions are captured in line with their cost centre
  2. Profit & Loss Reports Cost Centre wise are reviewed periodically

 

3. Payroll Services and employee Declaration

The requirement for payroll services comes in all types and sizes and it may vary in various degree of complexity although one can always agree that since this assignment is either a weekly or monthly task, the key word is URGENT since clients' staff needs to be paid on time!

  1. Payroll Advice from client, (every month between 22nd to 25th day)
  2. Pre Audit data received, before processing the payroll, and seek clarifications
  3. Add to the payroll advice, audit clarifications, if any, received from the client
  4. Update master wherever required
  5. Process Payroll
  6. Generate pay register in soft and hard form
  7. Generate employee wise Pay slips
  8. Generate Bank payment advice for salary transfer
  9. Facilitate Cheque / DD preparation, if any, for salary payment,
  10. Facilitate Bank transfer of salary into respective accounts of the employees
  11. Generate MIS report, as required by the client
  12. Generate employee wise TDS and PF / ESI report for the client
  13. Generate Accounting voucher for month’s payroll, if any
  14. Circulating tax declaration & estimates for all the employees – 2 or 3 times a year
  15. Tax estimate for new joinees during the year
  16. Monitoring of Tax deduction (TDS) from salary / one time payouts, employee wise and for the client as a whole 
  17. Deposit of TDS, monthly and / or other wise
  18. Compiling and Filing of TDS ‘e’ returns, quarterly / as per statute
  19. Issue of TDS certificates to employees
  20. Facilitate Full & Final Settlements, including accounting and taxation for the same
  21. Facilitate Periodical Incentive Payments
  22. Interact with the Statutory Auditors for Audit of Payroll
  23. Maintenance and updation of employee master
  24. Process Payroll & issue pay slips
  25. Maintain pay register
  26. Generate MIS report
  27. Generate employee wise TDS, PF, ESI, and PT report

 

4. MIS &Financial planning

Most of the time Information generated from the Accounting application is not readily usable and consumable by the senior management. Simultaneously Management do expect information relating to operations, fun position,Comparative analysis, Productivity reports very often be it weekly, monthly or quarterly, to make meaningful financial decisions and we do cater to our clients' needs, as and when such services are requested.

This would include submission of monthly MIS in the agreed format and deadline. The accounts will be submitted at an agreed date and will be discussed with the management.

 

Financial Services:

Our approach is refreshingly straightforward. As you will appreciate, the world of financial services can be rather complex and somewhat confusing. Keeping your priorities first, we play a proactive role to "jargon-bust" the language, ensuring you avoid any potential pitfalls and make sure the advice we dispense exceeds your expectations. With immense knowledge based staff backing us, we undertake advisory services on wide range of financial services.

 

5. Quality Assurance services

 

6. Statutory Compliances - corporate legal filings etc

This will include statutory Compliances with:

 

7. Book-keeping

It is vital that businesses have a system of record-keeping that delivers the required relatable information. At Venu and Vinay, we assist our clients to set up books and records relevant to their individual needs & satisfying the legal and regulatory requirements.

Each of our network firms nationally offers a complete off-site service where book-keeping task is carried out ideally away from the client's offices to minimise disruption of the client's business operations but if necessary, arrangement for on-site service can be catered for at short notice depending on the duration of the required book-keeping task.

 

8.  Annual Report & Accounts   

We believe that accounts and reports are mainly meant for overall improvement and not merely for statutory compliace. We provide an open platform to our clients to discuss the financail performance of the business activities in addition to the preparation of reports, whether montly, quarterly or annual. We also assist in tax planning exercise ahead of the year end, both for direct and indirect taxes. We take the opportunity to discuss with our clients the financial performance of the business activities when assisting with the preparation of the quarterly or annual reports and if so required, to review the tax planning exercise ahead of the year-end and this includes all taxation planning pertaining to the Self-Assessment System, which is now consistently applied worldwide.

 

 


Bangalore:
M/s.Venu & Vinay
#161, 1st Floor, 4th Main,
7th Cross, Chamarajpet,
Bangalore – 560018
Ph : 080-26606498 / 080-26676751
Chennai:
M/s.Venu & Vinay
Chartered Accountants
No 20 Ekambareswar Agraharam,
2nd Floor, Kalapurna Chamber,
Chennai - 600003
Tel. no.: +91 93412 46770
Hyderabad:
M/s.Venu & Vinay
Basheer Villa
No 8-2-268/1/16/B
Sriniketan colony,
Road No 3 Banjara Hills
Hyderabad - 34
Tel. no.: +91 93422 29444
Ananthapur:
M/s.Venu & Vinay
Chartered Accountants
2/211, 2nd Road,
New Town - Ananthapur - 515 004
Tel. no.: +91 934999 7019
Mysore:
M/s.Venu & Vinay
No 129/A, Janahitha, 2nd cross,
Bogadi 2nd stage (south),
Mysore - 570026
Tel. no.: +91 98451 20429
Mumbai:
M/s.Venu & Vinay
Mrs. Anita Chinnari
F1/A, Profit Center,
Mahavir Nagar,
besides D-Mart & Croma,
Kandivali West,
Mumbai - 400067
Tel. no.: +91 98194 45021