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Accounting and MIS

stautunedaz

Accounting and MIS

Accounting

Accounting is the process of recording, summarizing, and analyzing financial transactions to provide accurate and timely financial information to stakeholders.

stautunedaz

At Staytunedaz, we provide comprehensive accounting services to businesses, including bookkeeping, financial reporting, payroll processing, tax planning and preparation. We understand that every business is unique, which is why we tailor our services to meet the specific needs of each client. Our goal is to help our clients make informed business decisions and achieve their financial objectives.

MIS

MIS stands for Management Information Systems, which are computer-based systems that help businesses manage their operations by providing timely and accurate information to decision-makers. At Staytunedaz, we understand the importance of using technology to streamline business processes and improve efficiency.

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That's why we offer MIS consulting services to help businesses identify and implement the right technology solutions for their specific needs. We can help businesses with everything from software selection and implementation to custom software development and integration. Our goal is to help businesses leverage technology to drive growth and success.


US | Canada - Services include

  • Setting up accounting systems – Quick Books
  • Bookkeeping – offline
  • Time sheet management / coordination / input for preparation for payroll
  • Invoice customers / AR accounting and management including payment follow up
  • AP accounting and management including payment processing


India - Services include

  • Setting up accounting systems
  • Monthly accounting – offline and onsite
  • Preparation of monthly MIS comprising of P&L A/c, BS and cash flow
  • GST liability calculations and reconciliation including calculation of refunds, if any
  • GST refund application
  • TDS liability calculations
  • Income tax calculations (including advance tax)
  • Finalization of accounts and coordination with the auditors for completion of statutory audit, tax audit and transfer pricing audit

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  QuickBooks is an accounting software developed and marketed by Intuit. It is designed to help small and medium-sized businesses manage their finances and track their income and expenses. QuickBooks offers a range of features such as invoicing, payment processing, payroll management, inventory tracking, and reporting.
  It can be used on desktop computers as well as on mobile devices, making it easy for businesses to manage their finances on the go. QuickBooks also offers integration with other software applications such as Microsoft Excel and Salesforce, as well as third-party apps, to further streamline financial management processes.

  Bookkeeping is the process of recording financial transactions of a business on a daily basis. It involves keeping accurate and up-to-date records of all financial transactions including sales, purchases, receipts, and payments. Bookkeeping helps businesses keep track of their income and expenses, which is essential for financial management and decision-making. The two main methods of bookkeeping are single-entry bookkeeping and double-entry bookkeeping.

  TDS in finance stands for "Tax Deducted at Source". It is a tax collection mechanism used by the Indian government in which the person making the payment is required to deduct a certain percentage of tax before making the payment to the recipient. The amount deducted is then remitted to the government on behalf of the recipient.

  TDS is applicable on various types of payments, such as salaries, interest on bank deposits, rent, professional fees, and others. The rate at which TDS is deducted varies depending on the type of payment, and it is generally calculated as a percentage of the total amount being paid.

  Statutory audit is an independent examination of an organization's financial records, operations, and performance by a qualified and independent accountant or auditor. It is a mandatory audit that businesses are required to conduct to ensure their financial statements comply with the applicable laws and regulations. The main objective of a statutory audit is to provide assurance to stakeholders, including shareholders, lenders, and regulators, that the financial statements provide a true and fair view of the company's financial performance and position.

  Transfer Pricing Audit is an examination of the transfer pricing policies and practices followed by a company to ensure that they are compliant with the transfer pricing regulations of the country where the company operates. Transfer pricing refers to the pricing of goods, services, or intangibles between related parties, such as different subsidiaries of a multinational company. Transfer pricing audits are conducted by tax authorities to ensure that the transactions between related parties are at arm's length and are not used to manipulate profits or evade taxes. The audit ensures that the company complies with the regulations related to transfer pricing and helps to identify any potential risks or issues related to transfer pricing that could result in tax disputes or penalties.