Payroll & Backoffice

There is a separate department for providing Back Office Operation Services. We provide a wide range of Back office Operation Services as per their requirements, which includes, but not limited to the following:

We provide the following assistance for processing of salary, handling PF/ESI matters, professional tax, TDS on salary, etc.

Payroll Processing

Checking of computation of estimated income for the purpose of determining the amount of average monthly withholding tax to be deducted from the monthly salary of the employees

Checking of final tax computation for the employees to determine the total tax payable by them on the salary income earned in the relevant fiscal year

Depositing taxes withheld and obtaining the receipt from the bank for the tax so deposited

Preparation of Tax withholding certificates (Form 16’s)

Preparation of quarterly TDS Returns of tax deducted on Salary.

Compliance to Provident Fund (PF) Requirements

Filing of Form2 (Revised) “Nomination & Declaration” in the PF Commissioner’s office on monthly basis in case of new joiners during the month.

Preparation of PF payment challan for deposit of PF and obtaining the receipt from the bank for the PF so deposited

Preparation and submission of monthly statements in the prescribed forms within the due date

Preparation of annual returns in the prescribed forms within the due date.

Superannuation Fund

Calculation of employer’s contribution towards employees Superannuation policy on monthly basis and calculation of Superannuation premium on a quarterly basis at the close of the financial year and depositing of the same with Life Insurance Corporation of India.

Compliance to Employees State Insurance (ESI) Requirements

Preparation of ESI challan for deposit of ESI

Preparation & Filing of Half-yearly statement within the due date

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Account Outsourcing

Book-keeping, Accounts payable/ receivable, Taxation, Audit assistance, MIS Reports, Consolidation, and finalization of accounts. We provide accounting services to our various clients in accordance with their requirements. The service includes :

Preparation of expense ledger accounts

Preparation & Maintenance of Vouchers

Preparation of Bank reconciliation statements

Finalization of accounts

Vendor Payments

Here, we assist our clients in the following manner:

Tracking & Maintaining all the relevant information of all the vendor’s/ service providers

Preparation & issuance of cheques by the due date on the basis of the company’s payment norms

Reconciliation on a fortnightly/ monthly basis, as per the requirement of a particular client, of payments made and payment due to each vendor/ service provider.

Checking of purchase invoices on the basis of authorization summary sheet

Follow up with vendors/ service providers for any correction in their invoices or for any discrepancies found.

Reconciliation of cheques issued to vendor’s/ service providers which have been cleared or not.

Preparation of monthly/ quarterly reports for the purpose of management information.

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DEBTOR REALIZATION

Here, we assist our clients in the following manner :

Tracking & maintaining all the relevant information of all the debtors.

Reconciliation on a fortnightly/ monthly basis as per the requirement of a particular client, of payments, received and payment to be received from each debtor.

Follow up with debtors for any discrepancies found.