We perform recording, classifying, summarising and analysis of all costs involved in various business processes. This allows organisations to play a tactical and strategic role in making cost decisions that can enable better business output and long-term financial growth. Our services are aimed at helping organisations manage and control their costs effectively. Recognising the diverse needs of businesses, we tailor our services to suit each client’s industry, size, and requirements.
Cost Audit u/s 148 of Companies Act, 2013
We conduct meticulous and detailed cost audits in adherence to Section 148, ensuring that our clients meet necessary statutory obligations. We examine the cost records and financial statements, ensuring compliance. We offer guidance, robust support, and encourage transparent reporting throughout our processes for our clients.
Maintenance of Cost Accounting Records as per the Companies Act, 2013
We help set up robust systems for maintaining cost accounting records that align with the needs and nature of your business operations. Our team conducts regular reviews of the cost accounting records and maintain necessary documentation, providing comprehensive reports in accordance with the books of account relating to the utilisation of materials, labour and other items of cost as applicable to the production of the goods or provision of services as provided in section 148 of the Act and the Companies (Cost Records and Audit) Rules.
Designing & Implementation of Costing Accounting System and Cost Control Systems
We understand the critical role that accurate costing plays in the business. Leveraging industry best practices, our procedures accurately capture costs, allocate resources, and enhance your understanding of various expenses attached with various business activities. This empowers businesses to monitor, analyse, and control costing and expenses efficiently. By implementing robust Cost Control Systems, we help organisations identify areas of inefficiency, mitigate unnecessary expenditures, and establish proactive measures.
Inventory Control and Management Accounting System
Our services encompass a range of solutions, including inventory valuation, demand forecasting, stock level optimization, and implementing cutting-edge accounting methodology for seamless tracking and reporting. Empowering businesses with robust inventory control and management accounting systems, enabling them to make informed decisions and achieve sustainable growth.
Valuation of Products and Services
Our rigorous analysis and attention to detail ensure precise and dependable valuation reports. Our valuations adhere to relevant accounting standards, legal requirements, and valuation guidelines, ensuring accuracy and compliance. We understand that each valuation process is unique, whether it involves business, assets, securities, or intangible assets. Hence, we tailor our methodologies and approaches to suit specific business needs and objectives.
Account & Costing Department Outsourcing
Enhance your financial operations’ efficiency and accuracy with our tailored outsourcing solutions for Account & Costing Department. We handle the preparation of accurate and compliant financial statements, ensuring adherence to relevant accounting standards and regulatory requirements. Through detailed cost analysis, we identify areas for optimisation and cost-saving measures at departmental level and for organisation as a whole.
XBRL Conversion Services of Cost Audit Report
Our XBRL conversion services for Cost Audit Reports offer a streamlined and efficient process to convert traditional audit reports into Extensible Business Reporting Language (XBRL) format. Our specialized team ensures accurate and compliant conversion, enabling easy access, analysis, and dissemination of financial data in a standardised and machine-readable format. We prioritise precision, timeliness, and adherence to regulatory requirements, ensuring our clients’ Cost Audit Reports are seamlessly transformed into XBRL.
ERP/SAP - Designing & Implementation Consulting
Our consulting services for ERP/SAP cover a complete range of solutions designed to streamline business processes and boost productivity. We have expertise in creating thorough strategies, advising on the best SAP modules, and tailoring implementations to match specific company requirements. By emphasising adaptability and inventive approaches, we work in close partnership with our clients to provide strong solutions that foster expansion, optimise workflows, and elevate overall business efficiency.
Transfer Pricing
We assist in preparing transfer pricing documentation required by tax authorities. Our team ensures that your documentation meets regulatory standards, reducing the risk of penalties and audits. Our goal is to optimise your tax position while ensuring compliance with local and international regulations. We conduct thorough risk assessments to identify areas of concern and implement strategies to mitigate those risks effectively.