What is Accounting?

Accounting is the process of analysing, classification, recording and interpreting the monetary transactions. By various provision of laws, all business are required to submit their books of accounts to the income tax and registrar of companies.

Most of the start-ups either ignore the requirement of maintenance of books of accounts or maintain it in a very unorganised way. Which may result into severe losses, non-compliance or into income tax scrutiny.

Wise Fern Advisory helps start-ups and other businesses to maintain their books of accounts in an organised way which represents the clear picture of the businesses to the stakeholders.

Why it is beneficial for business?

• Performance Evaluation
  Proper accounting system helps the management to keep track on the performance of business and prevent losses.
• Budgetary Decisions
  A timely and efficient accounting system helps to take investing, financing and operating decisions wisely.
  Proper track on cash inflow and outflows of the business
• Reliable for Investors
  Better for investor to study the financial health of the business and invest accordingly
• Statutory Compliance
  Maintenance of proper books of accounts is statutory requirement imposed by various laws.

What is Included in Our Package?

• Accounts Payable
• Accounts Receivable
• Reconciliations
• Stock Management
• Payroll
• Monthly Reporting

Process

• STEP : 1 Furnish documents related to Revenue and Capex
• STEP : 2 Identification of nature of expenses
• STEP : 3 Proper Recording
• STEP : 4 Drafting of Financial Statements
• STEP : 5 Approval by Client
• STEP : 6 Completed

Deliverables

• Profit and Loss Statement
• Balance Sheet
• Ledger Accounts