Accounting and Audit services

We specialized in various areas of accounting, audit and taxation, CFO services, NRI taxation, business processes, transaction structuring, valuations and IT services. We take all types of financial accounting for proprietary concerns, partnership firms, companies and other businesses.
Project-Based Bookkeeping
  • Accurate tracking of income and expenses per client/project
  • Time-based billing entries and cost allocations
  • Integration with project management and billing software
Revenue Recognition
  • Managing accrual accounting for services rendered
  • Handling deferred revenue and milestone-based billing
  • Aligning revenue recognition with contracts
Accounts Receivable & Invoicing
  • Streamlined invoicing cycles
  • Aging reports and collections follow-up
  • Tracking billable vs. non-billable hours
Payroll & Contractor Payments
  • Salaries, bonuses, commissions for consultants
  • Independent contractor tracking and tax reporting
  • Employee expense reimbursements and travel costs
Tax Planning & Compliance
  • Corporate income tax prep and filing
  • Quarterly estimated taxes
  • GST
  • International tax considerations for cross-border projects
Budgeting & Forecasting
  • Project-level P&L analysis
  • Cash flow forecasts based on contract pipeline
  • Scenario modelling for hiring or expansion

Our audit service covers the following

Income Tax Audits
We render Income Tax Audit and related services at its maximum credibility and secrecy. We also help the clients in filing tax returns, if required. Further, our professionals combine their knowledge and experience
Statutory Audits
A statutory audit is a legally required review of the accuracy of a company's financial statements and records. The purpose of a statutory audit is to determine whether an organization provides a fair and accurate representation of its financial position by examining information such as accounting records, Bank statements and financial transactions. We at Fincrest, perform Statutory Audit for Private, Public and Government Companies under The Companies Act.
Management/Internal Audits
The scope of the internal audit is as agreed upon with the management and involves topics such as efficacy of operations, cost control, compliance with statutes, safeguarding assets and ensuring the reliability of financial reporting. We provide internal audit professionals to support your company’s internal audit department to conduct risk assessments, execute internal audit plans or assist with special projects. We can also develop and manage your internal audit function as an outsourced service provider.

Our internal audit services include:
  • Risk assessments and internal audit plan development
  • Regulatory compliance audits
Bank Audits
We at Fincrest performs various audits such as Concurrent Audits, Statutory Audits, Revenue Audits etc. and ensure that the financial accounts truly represent the financial position and condition of the bank.
Audits of Trusts/ Non-profit organisations
Nonprofit organizations serve the public using funds contributed and are exempt from paying income tax. Because of their reliance on donors and their tax benefits, nonprofits are held accountable to their donors and governments. We are your trustworthy and reliable partner in auditing your Trust/Non-Profit Organization.
GST Audits
As per section GST Act, 2017, Every registered person whose turnover during a financial year exceeds the prescribed limit (As per latest GST rules, the turnover threshold is Rs.2 Crores) shall get his accounts audited by a chartered accountant or a cost accountant and shall submit a copy of audited annual accounts, reconciliation statement under section 44(2) and other documents in such form and manner as may be prescribed before 31st of December of subsequent year. We conduct the audit of books of account under GST provisions covering the following aspects:
  • Review of classification of goods and services as per HSN system
  • Review of outward liability on monthly basis to match the GST returns filed
  • Review of eligible Input tax credit claimed during the audit period
  • Review of tax return filed during the year as per the due dates prescribed
  • Review of reconciliation report and annual return filed
  • Review of exemptions and concessions availed during the period. We ensure to add value to our clients rather than merely a certification authority.
Stock Audits
We are dedicated to providing Audit services such as Stocks and physical assets Audit and verification. Raw materials are critical real assets and needs systematic management. As a large number of companies are operating across the borders through multiple locations and channel partners, stock management is a challenge. We conduct a comprehensive and accurate valuation of inventories by taking into account, physical controls, obsolete inventory, scrap and returned goods.
Tax Planning
Tax Planning is an activity conducted by the taxpayer to reduce the tax liability by making maximum use of all available deductions, allowances, exclusions etc. feasible under law. In other words, it is the analysis of a financial situation from the taxation point of view. The objective behind tax planning is assurance of tax efficiency. Tax planning allows all elements of the financial plan to function in sync to deliver maximum tax efficiency. We as experienced practitioners, can reduce your tax liability and help you achieve your financial goals with least outflow of taxes.