Finance & Accounting

With increasing regulations and the introduction of new standards, Finance Departments will feel the need for enhanced scrutiny and specific local knowledge to ensure compliance requirements are met. By engaging a third party with your accountancy and finance functions, these risks can be mitigated while your management and resources can be focused on value-adding and core business activities.

SHANKAR DAS & CO. provides end to end finance, accounting and reporting management services. We support CFOs by rationalizing costs while achieving performance, mitigating risks of non-compliance and identifying areas of growth. We believe in understanding customers’ exact needs and developing a customized solution that best suits their diverse business needs. We cater to the accounting needs of global clients by offering a comprehensive range of services, which includes:

We Provide

General accounting – Preparation and maintenance of day-to-day bookkeeping and monthly or quarterly accounts, where we act as your accounting bookkeeper. Our experts utilize popular Bookkeeping and Accounting Software platforms like QuickBooks , Sage , Xero , Odoo etc. to ensure data correctness and faster results. For clients who do not have accounting software, we engage a SaaS (software as a service) model where we provide licensed QuickBooks deployment as part of accounting services. Our experts are also trained to use client provided ERP systems and they have advanced expertise in SAP , 1c , Sage 500 etc. Our accounting software is hosted in secure cloud servers with daily backups and enhanced security designed to provide the highest level of security for client data.

Preparation of Financial Statements – we are experts in preparation of financial statements as per International Financial Reporting Standards (IFRS) and local GAAP. This includes the following:

  • Statutory financial statements
  • Customized management reports for Group Reporting
  • Month closing activities including accruals, JVs and reversals.
  • Forecasts and budgets
  • Tax statements
  • Reconciliations including bank, revenue, asset/liability codes etc.

Receivables & Payables Management – we help clients better manage their balance sheets by providing the following services:

  • Invoice processing/order processing
  • Payables processing
  • Managing credit days
  • Providing timely reports to ensure timely collections to reduce debtor days.
  • Payment processing.

Fixed Asset and Inventory Management – we assist clients manage their inventory and fixed assets by:

  • Tracking and accounting for fixed assets
  • Record inventory movement, location and delivery.
  • Periodic inventory and fixed asset counts.
  • Fixed asset tagging services.
  • Running depreciation.

Assistance to auditors for statutory and internal audits – we work with client designated auditors to ensure smooth completion of statutory, management and internal audits. Our teams are trained to be the first point of contact for auditors and providing documentation, ledgers and reports for auditors.

CFO & Controller Services

We manage client balance sheets by providing:

  • Treasury & Fund Management
  • Integrated planning
  • Budgeting & Forecasting
  • Cash Flow Management
  • Financial Planning and Analysis
  • Asset Liability Management