At Wisecor, we take into account the weaknesses and inefficiencies of all processes that may lead to mistakes on the balance sheets and may generate overall inaccuracies in the financial clause. Some of the related services offered under Accounts and Compliance are as follows:
Fixed asset management is the tracking of your fixed assets for the purposes of financial accounting and verification which would assist the organization in avoiding misplacement or loss of the asset. Organizations face a significant challenge to track the location, quantity, condition of their assets. Wisecor's FAR Preparation, physical verification and asset tagging will bring easy, updated and accurate register & records of the fixed assets along with all essential reports.
Inventory management is the process of efficiently overseeing the constant flow of units/stock in and out of an existing inventory, this will help the organizations in preventing and early detecting the frauds and errors. Wisecor will physically verify the stock & reconcile with the stock statement and keep the complete record and update the stock/inventory, which will benefit the organization in updating their records which will lower the frauds & errors and complete analysis of the stocks for the management and can take proper measures to rectify.
Handled by our knowledgeable professionals, who possess sound experience of this domain. Registrations are done under the set of guidelines of the government and requisite laws, ensuring no chaos or confusion in future.
Wisecor ensures the arrangement of your data by assigning every transaction a suitable and appropriate head as obliged under the Government policies or IFRS regulations. Accounting general ledger is regarded as a day-to-day job, it requires the involvement of an expert book-keeper and accountants to avoid mistakes that can affect the financials of a business.
Wisecor's Accounts payable & receivable services allow our client to experience better control over all their company accounts, with the help of consistent follow-up on outstanding invoices, and extensive reporting on key account activities with faster recoveries of dues and assists in improving the cash flow. We provide our clients the choice and flexibility to outsource all or parts of their accounts payable & receivable functions as per their varying requirements. This allows our client to reduce costs for its operations and improves collection activities and allowing them to focus on more strategic activities.
The Ministry of Finance through the Central Board of Excise and Customs (CBEC), an apex indirect tax authority, implements and administers excise, customs and service tax laws. At Wisecor we offer the following services -
Central Excise Registration and amendment thereof for Manufacturing and Dealer Units , Preparation and scrutiny of records maintained for excise law compliance, various monthly reconciliations between Excise Records v/s Financial Accounts, support & liasoning for conducting Central Excise Audit and handling of departmental audits.
Wisecor has the extensive expertise in handling the demands of Service Tax consultancy services. Our rich experience allows us to successfully handle all matters pertaining to services including handling of departmental audits, working closely with client organizations by analyzing their needs and based on that perform execution of services and ensuring optimum support from our end.
Wisecor has experience in successfully handling the service requirements for consultancy services for Value Added Tax(VAT). It is a form of indirect Tax and is in nature of multipoint sales tax that needs to be paid to state in form of VAT. It is levied under Central and State VAT legislation and depends on movement of goods in pursuance of sale transaction.
Wisecor have hands on experience to reconcile books of accounts with small to multinational companies, the reports on the services will support the organization in decision making and help in growth of the company.
As a start up or a small or medium enterprise, if you need an experienced CFO, but think that you would not want to keep one full time for budget or any other considerations, we at Wisecor bring to you an innovative solution to help you with your finance needs. A Virtual CFO helps you with his expertise by offering a few hours a month to help guide you to important financial decisions and the direction to take. Affordable, yet value for money, a virtual CFO is as good as a full time one in your organization, with all benefits at a fraction of a cost.
“To guarantee the safe handling of all accounting matters within and outside a company, it is important to comply with Government laws and regulations as it is critical to a business’s growth and sustenance.”