Accounting & Reporting Services 

From basic functions like book keeping to managing your assets and regulating your income, to providing assistance in auditing your firm, our experts provide complete assistance to help you manage your accounts. Our processes include:

book keeping

Laying out Accounting Systems and Maintaining following Books of Account and Registers based on double entry system using either 'Tally Accounting Software' or your specialized accounting software or ERP in compliance with the Indian Regulatory laws based on documentation system and formats as laid down by the Company.

Accounts Payable Management

Preparation / Handling of Vouchers, verification and approval of vouchers, arranging for payments and disbursements and carrying out Internal checks and balances from accuracy perspective.

Accounts Receivable Management

Accounting of funds received in accounting package, updation of invoices in the accounting package based on the information provided by the company, recording receipts in the books of account, monthly reporting of collections and debtors accounts reconciliation.

Banking Operations

Review of Treasury Position, liaising with Bankers, reconciliation of balances, documentation for making Foreign Outward Remittances for Imports / Other Non Trade Payments.

Management  Reporting  &  Review

Preparing all the Accounting Data requested by the Management, providing Periodic Reports to Management, assisting in Consolidation of Local Accounts with Head Office Accounts and ensure consistency between Management reports and local accounting reports, assisting in preparation of Budgets and Cash flow Statements.

Inventory Accounting and Management

Assisting in valuation of inventory of finished goods on a periodic basis, follow up on returns of non sold items, assisting the organization and participate regularly for physical inventories verification.

Fixed Assets Management

Preparing Fixed Assets Register as per Indian Company law requirements, assisting Management for annual Physical Verification.

Preparation of Annual Accounts and Liaising 
with Auditors

Preparing Annual Financial Accounts i.e. Balance Sheet, Profit & Loss Account along with all schedules and notes to accounts as per the Indian Corporate laws in Schedule VI Format, Liaising with Statutory and Tax Auditors in relation to obtaining their Audit Reports.

Providing Services of CFO / Authorized Signatory

Providing services of CFO / Authorized Signatory to represent Company and execute documents on behalf of the Company in relation to Banking and other Tax / Regulatory Compliances.

Tax & Regulatory Compliance 

Adapting and keeping abreast with the law can sometimes serve as a challenge. Our processes involve understanding the requirements of your business, addressing taxes and payments that are in compliance with the law, and even filing the same for our clients. Our services range within the following:

This includes services related to

  • Withholding of taxes from various payments, depositing into government treasury, filing of periodic statements and issuing Annual Tax Certificates.
  • Periodic review of Income and Expenses for payment of Advance Income Tax.
  • Periodic compiling of accounting details, preparing and filing Returns.
  • Maintaining Statutory records and registers as prescribed under the laws.
  • Compiling details, preparing and filing annual Corporate Tax Return and other annual returns under various laws.
  • Apply for renewal of annual licenses.
  • Compiling Statements, attending Scrutiny Audits, making representations and replying to notices from various Government Authorities.
  • Individual Tax filings.
  • Expat Taxation and Foreign Exchange Regulations.
  • Tax Treaties and Non Resident Taxation.

Payroll Administration 

Managing payroll processing can be a tedious and time consuming task which only adds to more paperwork. Our business is designed to provide solutions to handle your payroll for you within expected timelines.

  • Simple and quick solution for setting up and processing payroll month after month.
  • Ensure Compliances under Payroll related laws like Income Tax, Profession Tax, Social Security. (Provident Fund, etc. covered)
  • Receive Payroll related MIS reports.
  • Ensure processing of Payroll keeping a regular track of the constantly changing rules, forms etc.
  • Get the benefit of latest technology software used for processing payroll like the web module which is an ideal solution to disseminate payroll information to employees.
  • Assistance in leave management, reimbursements, arrears and bonus calculations.
  • Assistance in Direct Bank Payment / uploading Electronic file to credit salary amounts to employees accounts.

Corporate & Secretarial Services 

From drafting the minutes of a meeting to secretarial compliance and assistance in the closure of companies, we provide our personnel to work for your businesses, ensuring you quality service at an affordable cost.

  • Funding Strategies and Capital Structuring.
  • Maintenance of Corporate records and Statutory Registers.
  • Assisting in Secretarial Compliance Audit.
  • Assisting in filings with Ministry of Corporate Affairs.
  • Providing Digital Certifications.
  • Assisting in Reporting of Financial Data in XBRL format.
  • Assisting in winding up/closure of companies in India.
  • Our company had no experience with how to do business in India and you and your staff have patiently tutored us in tax & accounting requirements & have assisted us in navigatting our way through various regulatory compliance concerns. Skidmore Owings & Merrill views your team as a valuable resource & look forward to a continued & mutually beneficial business partnership

    Rita Makaris
    Senior Tax Manager, Assistant Controller
    Skidmore, Owings & Merrill India

  • During our interaction with them, we have observed that the firm is honest, transparent, credible and consistently law abiding.

    Anand Raj
    Louis Vuitton India

  • We sincerely appreciate your personal dedication and honest approach in getting the work done as early as possible and in the best interest of the company.

    Ajay Jain
    Counsel (Legal & Taxation)
    & Company Secretary
    Monsanto India

  • You had the necessary accounting expertise to help guide us through your local market. HSCo produces a very good product at a reasonable cost and cares about the quality of their work. I would highly recommend HSCo to other companies looking for a local Indian accounting needs.

    Chris Callesano
    Senior VP, Accounting and Finance
    Moelis & Company

  • Ecolab has had a very satisfying experience with the services offered by HSCo has the capability to provide an array of services like accounting, taxation, payroll processing & business advisory under one umbrella with a very high level of professionalism & technical expertise.

    Sujith Nambiar
    Asst Financial Controller
    Ecolab India.

  • HSCo have been wonderful business partners to work with. At a time when we were a new company (just fresh from an acquisition) they have been high value addition to us in terms of various ranging from data entry, audits, tax advice and consulting on various fronts.

    Sundar Raman
    Nutricia – Danone India

  • It is not only your professional approach that has always been appreciated by us at American, but also your personal dedication and sincerity in getting the work done in spite of all difficulties.

    Gool Masani
    Regional Manager, American Airlines
    India Sub-Continent

  • You and your team have served Pechiney Alumina Resources India Pvt. Ltd. with extreme professionalism over the years that it has been in business.

    Not only providing a pure accounting service but also providing sensible advice when needed.

    John Erskine
    VP Business Development
    Rio Tinto Alcan, Malaysia