Virtual CFO

CFO Service Packages for micro to small size Firm /Company

Fee Scale: For the Firms / Private Limited Companies

Annual Turnover Range (Rs.in lacs)	Fee per month plus taxes – Rs.
1	50	10000/
50+	100	15000/-
101+	500	25000/-
500+	1000	35000/-
1000+	5000	50000/-
5000+	Onwards	100000/-

Scope of Services: –Supervision, guidance & engagement services with the finance department to achieve the following objective –

A. Books of Accounts:

Completeness of transactions
Accuracy of numbers
Adequate information in the accounting system
Compliance oriented accounting, in terms of income tax, GST, company law and other related regulations
Accounting Vouchers, Invoices, Receipts, Reconciliation and other records are maintained properly

B. Financial Control:

· Review of ledgers such as Employee Ledgers, Supplier Ledgers, Customer Ledgers, Tax
Ledgers, Proprietor / Director Ledgers, Security deposits, Bank Reconciliation,
Bank Guarantees, to identify and initiate actions

· Report to management, on the GST credit not claimable or not claimed by the company

C. Statutory Compliance:

· Annual Audit by a Chartered Accountant

· Annual Income Tax Return Filing

· Tax Audit

· TDS deduction on suppliers, TDS Payment, TDS Returns,

· Employee tax calculations and issuance of Form 16, TDS Returns

· Applying and checking of GST compliance on Sales invoices, GST Payment, GST monthly Returns

· Applying and checking of ESI, PF and other compliance.

D. Advisory:

· Mild advisory concerning business transactions

· Discussion regarding tax planning and tax-saving concerning the business of the company.

Staff to be deployed: Experienced Accountant would visit periodically and Senior corporate experienced Chartered Accountant would monitor the Accounts.

Place of working: Offsite or onsite, as per work requirement.