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S P K G & Co. LLP

(Chartered Accountants)

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Accounting

  • Book keeping and General Accounting (incl. Real Time Accounting)-

 

  1. Ascertain the profit or loss resulted from the business operation. 
  2. Measure the financial position of a concern by making the appropriate valuation of the assets, capital and liabilities. 
  3. Know the exact amount of the debtors and creditors of a firm for a certain duration. 
  4. Kee the capital structures and the management of assets for analyzing the economic soundness of a firm or company i.e short term liquidity and long term solvency etc.
  5. Determine the tax liability i.e sales tax, VAT, income tax etc. by ascertaining the total sales and net income of the year.
  6. Establish an efficient financial administration for the control of all types of resources from leakage, misuse, misappropriation etc. by keeping complete records of all the transactions.
  7. Facilitate the auditing of the books of account.
  8. Submit, as evidence, in the counts, if necessary, because the audited financial statement are the authentic and legal financial documents. 

 

  • Cost Accounting-​

 

  1. Fixation of Prices
  2. Guide in Reducing Prices
  3. Profitable and Unprofitable Activities
  4. Information for Proper Planning
  5. Measurement and Improvement of Efficiency
  6. Control over Materials etc.
  7. Decision Regarding Machine vs. Labour
  8. Expansion in Production
  9. Reasons for Losses Detected
  10. Helps in Taking Decisions
  11. Check on Accuracy of Financial Accounts

 

  • Budgeting-
  1. Give you control over your money
  2. Keep you focused on your money goals
  3. Make you aware what is going on with your money
  4. Help you organize your spending and savings
  5. Make you decide in advance how your money will work for you
  6. Enable you to save for expected and unexpected costs
  7. Enable you to communicate with your significant others about money
  8. Provide you with an early warning for potential problems
  9. Help you determine if you can take debt and how much
  10. Enable you to produce extra money

 

  • Store Accounting-
  1. Effective use of available store space.
  2. It avoid over and under stocking of materials.
  3. Efficient and economical receiving, handling and issuing of stores.
  4. Protecting goods stores against fire, loss, theft, and obsolescence.
  5. Ensuring adequate and timely supply of store under proper requisition and authorization.