From start-ups to well-known enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and make the most out of new opportunities. Our accounting services steers the clients closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.
These services includes-

• General ledgers and financial statement preparation
• Bookkeeping (Monthly, quarterly, or annual)
• Accounting system setup and support
• Internal Financial Control
• Personal financial statements

Financial statements are the crucial report card of a company’s fiscal performance. They enable owners and managers to track their business goals, whether they are raising capital, acquisition or restructure. Therefore, every business activity, through the company’s lifecycle, impacts the financial statements and hence needs to be carefully examined and analysed.
We help you in following services-

• Drafting of Financial Statements
• Financial Disclosures in order to depicts true and fair view of Financial Statements
• Consolidation of Financial Accounts with Subsidiary, Joint Venture and Associated enterprises
• Reporting of Financial Statements as per Accounting Standards
• Reporting of Financial Statements as per Generally Accepted Accounting Principles (GAAP)

In India, when businesses were simple, simple accounting standards were sufficient. Today, businesses have become complex and have gone much beyond the domestic territories therefore India needs comprehensive and global accounting standards. Move towards Ind-AS is an attempt to bridge this gap. However, Ind AS implementation can have a wide-ranging impact on any company’s processes, systems, controls, income taxes and contractual arrangement.
Successful Ind AS implementation will require a thorough strategic assessment, a robust step-by-step plan, alignment of resources and training, effective project management as well as smooth integration of the various changes into business operations. Sawhney & Sawhney along with its network of associates help you in successful transition and reporting as per IFRS/Ind-AS by providing following services-

• Detailed diagnostic report
• Process design for sustainable reporting
• Implementation support
• Preparation of disclosure and update to financial statements

With the increasing technology based startups and new ideas among dynamic business persons, accounting for new type of transactions have become herculean task for in-house accountants. We help in-house finance team by supporting them in solving their day to day accounts and finance related query.
We majorly support following businesses to in their day to day accounting queries-

• Accounting for E-commerce Operators: E-commerce operators usually have large number of entries with small ticket size but the complexity of the transactions is quite huge.
• Accounting for Persons selling through E-commerce platform
• Accounting for Tech Based Startups
• Accounting of complex GST transactions
• Accounting of businesses dealing in Drop Shipping
• Accounting for Restaurants