Year End Reporting.............

Preparation of Draft Accounts

Year end draft accounts can be prepared, whatever your needs be. This will give you a complete picture of your accounts and financial position for the year.

System and Methodology

1. Entering all the details of transactions in an accounting package based on input provided.
2. Details will be required from in the form of either soft copies in Electronic Formats such as Excel Word etc.or as paper copies of respective items as per their convenience to the extent applicable on case to case basis:
   • Last year’s Final Accounts Statements to consider opening position as well as to understand the policies followed like Cash System or Mercantile System of accounting etc.;
   • Bank Statement of all the bank accounts;
   • Cash transaction statements;
   • Credit Card statements of all the cards;
   • Transactions details like sales, purchase, receipt and payments;
   • Credit Note and Debit Notes
   • Service charges bills or statement;
   • Expenses bills or statement;
   • Employees details, periodical pay outs, applicable deductions etc. for Payroll Returns if any;
   • Capital Expenditure (Fixed Assets Purchase / Sales) details if any;
   • Details of provisions required if any for accrued, unearned or prepaid items;
   • Investments transaction details;
   • Other Loans and Advances, Deposit transaction details;
   • Inventory details, if any;
   • Details of any other income like Salary, Commission/Brokerage, Rent, Interest, etc.;
   • Details of Tax Deductions, Advance Taxes Paid / Payable etc.;
   • Any other matter which is considered necessary as per prevailing practices;
3. On the basis of the above details we will prepare Accounts either in Sage Accounting Package or any other Accounting Package specified. Mainly Accounts will include the following:
   • Cash Book,
   • Bank Book
   • General Ledger,
   • Debtors Ledger,
   • Creditors Ledger,
   • Sales Register,
   • Purchase Register, etc.
4. On the basis of the above Book of Accounts and records, we will prepare draft Trial Balance and will send you for perusal and suggestions if any.
5. If there are any changes suggested by you on the basis of draft trial balance, the same will be incorporated here as per the suggestion.
6. After incorporating necessary changes suggested by you in the books of accounts, we will prepare and send draft annual accounts which will comprise mainly:
   • Balance Sheet and its Schedules
   • Trading and Profit & Loss Account or Income & Expenditure Account and its Schedules
   • Capital Account(s)
   • Groupings
   • Statement of Total Income
7. If there are any changes suggested by you in the above statements, the same will be incorporated here and final draft accounts will be prepared and send.

Software

We can work on the following packages for you:

- Sage
- Viztopia
- SAP 3.1 Financial & Inventory Module
- R SAP Financial & Inventory Module
- Oracle  Financial & Inventory Module
- Flash    Financial & Inventory Module
- PeopleSoft  Financial Module
- Tally
- Pro Fit
- Pay II Pro  HR & Payroll Module
- Delphi HR & Payroll Module

We also use our own in-house software with MS SQL database for customised needs. If you feel that your needs are not covered by the software packages listed above, please let us know, we will advise you of the possible solutions available.

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