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Corporates

Payroll Solutions Management of Specialised Accounting Functions Reconciliations and more.. Staffing Solutions International recognition

Corporates

Payroll Solutions Management of Specialised Accounting Functions Reconciliations and more.. Staffing Solutions International recognition
 

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

 

 


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