Finisia

Virtual CFO

The concept of vCFO has mushroomed in the recent years catering to the needs and affordability of Startups & other Small & Medium Enterprises (SMEs). vCFOs are professional experts not only managing the compliance aspects but also contributing to the bottom line by using their financial planning & analytical skills.

Our Approach

Through our vCFO services, we become an integral part of your team and address your business needs without the expense and charge of a full time CFO.

First step is to make an assessment of the company’s current systems, processes & controls. We look at the company’s general regulatory hygiene
We then recommend/ suggest changes to the existing systems, processes and policies to meet the current business need
We start working with the management on their vision and develop a finance plan for executing the vision
We assist in implementing their vision and thereafter take care of the entire finance function

Our Services under the vCFO module

Planning & Strategy
Business & strategic planning for growth & sustenance
Design & implementation of best practice framework for internal governance
Forecasting, budgeting, costing, variance analysis & cost reduction
Receivables, payables, cash flow and working capital management including Forex transactions
Setting up of commercial processes including negotiations, sales and procurement planning and Contracts
Setting up of dealer/depot network, project finance, market research and survey
Inventory management
Tax planning
Compliance Outsourcing
Book-keeping, management accounting & other compliance function
Setting up standard operating procedures (SOPs)
Evaluation of internal controls and monitoring results
Timely and accurate adherence with finance & legal requirements
Systems audit including MIS & ERP
Secretarial matters & other statutory compliances

Accounting & Taxation Services

Finisia Advisors offers comprehensive book keeping, accounting and taxations services to businesses who want to outsource their complete finance and accounts function to us. Our experts comprising of Chartered Accountants and Accounting Professionals provide seamless and specialized services to be compliant with Indian regulatory laws in a cost effective manner to eliminate the hassles of maintaining in-house team by adopting a shared service model.

Indian tax environment is also undergoing tremendous reforms moving towards international best practices and evolving global tax landscape. Managing tax complexities to ensure effective tax rate to get maximum value is a key consideration of every major business decision.

DIRECT TAX

Corporate Tax
Withholding Tax
Personal Tax
Tax Planning & Advisory
Certifications

INDIRECT TAX

Goods & Services Tax
Registration & Compliance
Strategic Advisory
Representation and Litigation

INTERNATIONAL TAX

Transfer Pricing
Expatriate Tax
Advisory – Double Taxation Avoidance Agreement
India Entry Services

Accounting Advisory

Assistance in setting up the Accounting System
Setting up of Chart of Accounts
Mapping of Accounting codes
Assistance in formulating accounting policies & procedures
General ledger bookkeeping, analysis and processing of expense reports
Maintenance of accounts-payable and accounts-receivable listings
Maintenance, Review and Verification of Fixed Assets and Fixed Assets Registration
Monthly bank reconciliations and assistance with budgeting
Preparation and analysis of financial statements
Customized financial reporting on monthly, quarterly and annual basis
Consolidation of accounts
Bank Account Operations and Reconciliation
Funds Monitoring and Planning
IFRS/ USGAAP transition support

Secretarial and other Compliances

A functional business requires staying compliant with various laws on an ongoing basis. These compliances may vary as per the business composition and also based upon the area in which the business applies. The compliance framework needs to be established for a business based on its specific scenarios and requires being constantly updated based on changing regulatory environment. The established framework helps the business stay compliant with the ever changing business to enable it to stay on top of the ever changing government directives. Our team helps you in staying compliant under the following laws:

The Foreign Exchange Management Act, 1999
The Companies Act 2013
Employees Provident Funds and Miscellaneous Provisions Act, 1952
Employees State Insurance Act, 1948
Professional Tax under various state laws
Food Safety and Standards Act 2006
SEZ Compliances

Advisory Services

As businesses grows, its transformation strategy for organic and inorganic growth:

Organic growth – disposition of non-core assets that does not satisfy the needs of stakeholders
Inorganic growth through Mergers, Acquisitions and Joint Ventures can help an organization grow at a rapid pace
Internal restructuring- As company grows in size, it may need to re structure its internal departments to better perform operational functions

However, successfully handling the above is extremely critical to make it a success. Our Advisory experts assist in evaluating accounting, tax, regulatory, legal, management and cultural aspects of any such undertaking. Our related service modules are listed below:

Transaction Advisory

Mergers & Acquisitions
Joint Ventures / Foreign Collaborations / Franchise Agreements etc.
Fund Sourcing via Private Equity Placements
Debt Syndication

Transaction Support

Information Memorandums, Business Plans, Feasibility Plans, Project Reports etc
Due Diligence Reviews & Compliance Health – Checks
Financial Valuations & Financial Projections (including FEMA / FDI Compliant Valuations)
Documentation of Definitive Agreements
Process Documentation
Control assessment and implementation

Audit & Assurance

We offer customized assurance services based on the specific requirements of the client and the industry. Our methodology is based on understanding the business environment and drafting our audit plan based on the same. Our services are more suited to growing businesses as we strive to find practical solutions to assist them with their growth plans. Some of our services include:

Review of IGAAP/ Ind AS financial statements
Assistance with Tax Audit and GST Audit
Revenue audits
Process review and audits
Special requirement audit
Management audit

We also help businesses with their attestation and certification related requirements. These certifications could be required for tendering process, regulatory requirements, bank requirements among others.

Our Services