Corporates

Are you looking for an experienced and capable outsourcing provider to ease your workload?

Payroll Solutions

Are you still employing a dedicated person to process your payroll?

Is your accountant unable to cope with the frequent changes in various laws governing payroll which keeps happening all the time?

The answer is to outsource the entire payroll function to Auroma.

Of all the in-house processes which can be considered for outsourcing, payroll is one area which can be cleanly outsourced with the least amount of disruption.

We offer an end-to-end payroll processing service.

Set up employee masters based upon employee details/salary structures provided
Compute Income tax liability based upon employee declarations and Income tax Act and Rules
Compute Provident Fund (PF), Employee State Insurance (ESIC) and Maharashtra Labour Welfare Fund (MLWF) liabilities based upon relevant Rules
Prepare monthly payroll based upon inputs received
Issue employee pay-slips
Advise Net salaries payable
Advise payments due in respect of Income tax, PF, ESIC and MLWF (half-yearly) well before due dates
Advise journal entries for payroll accounting
Prepare and file returns for PF, ESIC and MLWF
Prepare and file quarterly ETDS returns (24Q) in respect of Income tax deductions
Compute final Income tax liability based upon employee proofs received
Issue annual Form 16's to employees
Provide half-yearly Tax projection reports to employees
Provide settlement reports for left employees
Provide sundry advice as required on payroll related matters

We also obtain registrations in respect of Provident Fund (PF), Employee State Insurance (ESIC) and Maharashtra Labour Welfare Fund (MLWF).

Management of Specialised Accounting Functions

You may simply want us to manage specialised functions within your Accounts department.

Employee expense claim processing

Verification of claim against entitlement
Verification of supporting provided
Entry of processed claim in your accounting system
Providing employee-wise payment advice
Advising employees of discrepancies

Accounts Receivable

Matching of receipts against sales invoices
Resolving queries
Customer account reconciliations
TDS Receivable account reconciliation

Fixed Asset Register

Preparation of "Asset history card" for each individual asset
Data base of all assets
Classification of Fixed Assets
Depreciation workings
Summary

Reconciliations and more..

Yet another Balance Sheet Review (BSR) coming up and you dread the same set of questions.

Those account balances still not reconciled, old non-moving balances still lying unexplained.

After the last BSR you had resolved to get a thorough "clean-up" done. It was top priority. However, with never-ending information requirements, new targets and internal resource constraints, priorities keep changing. But those reconciliations have to be done.

So, what is the solution?

Make use of Auroma's services to get the reconciliations completed.

With our years of experience, we are ideally suited to understand your requirements and deliver as per brief given.

Especially the industry work experience, which helps us to see things from your perspective.

There are two ways to go about it:

Give us the full mandate. We will work as per your brief and have complete responsibility for the deliverables.
If you so prefer, we can provide our resource to work on the reconciliations under your internal instructions and supervision.

Some reconciliation areas:

Areas	Likely Deliverables
VAT/Sales Tax	Break-up of closing balances; year-wise segregation
Income Tax	Reconciliation of TDS accounts; tie-up to certificates
Service Tax	Reconciliation of closing balances of output tax liability and input credit recoverable
Excise Duty	Reconciliation of Cenvat account balance to RG balances and excise duty paid to despatches
Supplier accounts	Reconciliation to supplier statements and obtaining sign-offs
Customer accounts	Reconciliation of confirmation differences; scrutiny of old outstandings
Deposit accounts	Details of deposits from customers, deposits given to statutory authorities, rental, for utilities, etc.
Fixed Assets	Reconciliation to physical verification; creation/updation of Register
Provisions	Analysis and ageing of GRR provisions

So, banish the BSR blues. Have Auroma complete those long pending reconciliations.

And, you will be pleasantly surprised.

For it will not just be a "clean-up" exercise.

The incidental findings may be of far greater value and, in most cases, a direct addition to your Company's bottom-line!

Staffing Solutions

Are you looking for additional manpower?

Yes, but are constrained because:

You do not wish to increase internal headcount numbers
The requirement may not sustain in the long term
The requirement is project based

Auroma provides staffing solutions on a permanent or temporary basis across all functions and grades.

You can have full time manpower at your office, working under your instructions and supervision, without having employees on rolls.

The process works as follows:

Your role	Services provided by Auroma
Select staff as per your requirement	Selected staff signs employment contract with Auroma
Selection of your own choice or from shortlist provided by Auroma	All the employment and related statutory obligations are borne by Auroma
Sign Service agreement with Auroma	Auroma places the selected staff at your office on a full time basis

Advantages for you:

Manpower requirement is fulfilled with no increase in headcount numbers
Full time resource at your office
Work completed as per assigned responsibility under internal instructions and supervision
No employment obligations to fulfill
Flexibility of employment

International recognition

A case study based upon our work has featured in the book:

"The world's most inspiring accountants"

The book has been authored by Steve Pipe of the UK.

We are one of 57 firms worldwide to have featured in this book.

For more details about our case study/the book, please write to us at:

enquiries@auromaaccounting.com