Bandraz offers an all-round approach to extend a helping hand to foreign enterprises stepping into the Indian business landscape. We are backed by a skilled team of profound accountants who can help encompass cost-efficient, timely, and top-notch solutions – spanning initial registration to comprehensive accounting management. From global clientele, we ensure seamless and superior assistance at every stage.
How we handle your accounting?
- Complete Account Book Maintenance
- Banking Solutions - Cash/Credit, Debtors/Creditors Reconciliations
- Accounts Payable & Accounts Receivable Management
- Stock/Inventory Management & Reconciliation
- Standard Compliance Accounting
- Cost Centre/Profit Centre wise Accounting and Reporting
- Financial Ratios and Variance Analysis
- Consolidation of Accounts
- Any Additional accounting-related solution
Outsource your accounting needs with BANDRAZ for:
Efficiency
Outsourcing accounting proves a time and cost-effective alternative to in-house operations, freeing management to concentrate on core business activities, particularly in the initial stages.
One-Stop Solution
Our adept team of experts in Taxation, Inventory Management, International Accounting, Banking, and more collaborate seamlessly to offer clients swift and comprehensive consultations across various accounting domains.
Uninterrupted Services
At Bandraz, our commitment lies in safeguarding seamless financial functionality, mitigating disruptions stemming from internal workforce changes. We will stand by you at every step!
All-round coverage
Armed with comprehensive knowledge of all regulations, we eliminate hindrances from your business path. Trust us to keep you compliant and on course. In the intricate landscape of rules and compliances, Management/Promoters may inadvertently stumble into defaults.
Dynamics
Outsourced accounting services offer flexibility. If a team isn't meeting your expectations, transition seamlessly. Scale up or down, aligning services precisely with your needs. Stay in control of your financial support, ensuring a seamless fit for your evolving business requirements.
Optimized Internal Controls
By fostering stringent checks and balances, Bandraz cultivates an environment where data integrity thrives, sustain decision-making, transparency, and stakeholder trust. The synergy of accurate oversight and strategic direction paves the way for a resilient financial foundation.
Our Comprehensive Standard Package Include
- Monthly business accounting in Tally with access to Tally Cloud.
- Computation of Tax Deducted at Source (TDS) and Payments.
- Filing of TDS returns and issuance of certificates 16A and 16.
- Tax calculations for employees to determine TDS and filing of annual Income Tax Returns (ITR).
- Monthly Payroll Calculations.
- Payment and Quarterly assessment of Income Tax liability.
- Annual assessment of Income Tax liability and filing of returns.
- Monthly/Quarterly/Annual GST compliances.
- Management/MIS accounts preparation periodically, and as per the requirements.
- Company accounts preparation as per Indian GAAP (Schedule VI), Ind-AS or IFRS on an annual basis for audit and filing with regulatory authorities.
- Group Consolidation.
Our Process
- We navigate accounting policies with Strategic Expertise
Bandraz believes that accounting is more than just book-keeping. It's about providing you with the information you need to make informed decisions about your business. That's why we work with you to design accounting solutions that will help you stay on top of your finances and make the most of your opportunities. Our objective is custom-tailored accounting solutions that maximize benefits and fuel growth, aligning perfectly with your unique requirements. - Optimizing your internal controls
Internal controls are the policies and procedures that an organization puts in place to protect its assets, ensure the accuracy of its financial reporting, and comply with applicable laws and regulations.
Our company provides a comprehensive internal control consulting service that can help you define, implement, and monitor your internal control systems. We will work with you to assess your current control environment, identify any gaps or weaknesses, and develop a plan to implement improvements. - Review and Analysis of Financial strategies
At Bandraz, we help businesses identify and address weaknesses, inconsistencies, and risks in their financial strategies. We work with you to redesign your financial strategies to be more compliant with statutory regulations, enhance your company's trust, reliability, and reputation, and help you in the funding process.
Internal controls: A must-have for any growing business
At Bandraz, we understand how critical it is to have accuracy in financial reporting!
Internal controls have a role to play which allows businesses to make informed decisions about their finances, such as how to allocate resources and how much to borrow. It also helps businesses to attract investors and lenders. In the absence of robust and optimized internal controls, there is always a possibility of error, fraud, or miscalculation. This can lead to financial losses, damage to a company's reputation, and even legal liability. By implementing effective internal controls, businesses can protect themselves from financial loss and ensure their long-term success.
Some additional benefits of internal controls include-
- Fraud prevention
- Proactive risk minimisation
- Real-time report generation
- Periodic monitoring and corrective actions
- Statutory compliance
- Enhanced goodwill for secure funding
BANDRAZ can help you review and evaluate your current approach, identify weaknesses, inconsistencies and risks, then work with you to redesign and improve.
Let's start working together!
Trust our experience to manage your business.
