Accounting Advisory
Bookkeeping & Documentation
Outsourced Accounting Services
Outsourced accounting and bookkeeping services provide businesses with professional financial management without the need for an in-house accounting team. These services cover everything from day-to-day bookkeeping, payroll management, and tax preparation to financial reporting and compliance. By outsourcing, companies can save time, reduce costs, and ensure accurate, up-to-date financial records.
At Chordal Consulting, we offer tailored bookkeeping services that help businesses maintain financial clarity and compliance. Our team of experts handles all aspects of accounting, ensuring efficient and accurate financial management, so you can focus on growing your business.
Registration & Documentation
GST & TDS Compliance
GST (Goods and Services Tax) and TDS (Tax Deducted at Source) compliances are crucial for businesses to avoid penalties and ensure smooth financial operations. GST compliance involves timely filing of returns, accurate calculation of taxes, and adherence to the evolving tax regulations. TDS compliance requires proper deduction, filing, and submission of tax amounts on specified payments such as salaries, contractor fees, and rent.
At Chordal Consulting, we provide comprehensive GST and TDS compliances services, ensuring your business stays up-to-date with tax regulations. Our expert team handles everything from tax calculation and filing to documentation, reducing the risk of errors and late penalties. Let us manage your tax compliances so you can focus on running your business efficiently.
Preparation of Standalone & Consolidated financial Statements with Disclosures
Financial Reporting
Financial statements are critical for providing a clear picture of a company’s financial health. Standalone financial statements reflect the financial position of a single entity, while consolidated financial statements present the financials of a parent company and its subsidiaries as a single entity. Both require careful preparation, including accurate reporting of assets, liabilities, income, and expenses, along with mandatory disclosures as per regulatory requirements.
At Chordal Consulting, we specialize in preparing both standalone and consolidated financial statements in compliance with applicable accounting standards. We ensure that all necessary disclosures are included, providing transparency and clarity to stakeholders. Our meticulous approach ensures accuracy, regulatory compliance, and a complete financial overview of your business operations, helping you make informed decisions and maintain trust with investors.
Virtual CFO Support
Virtual CFO (Chief Financial Officer) support provides businesses with expert financial guidance and strategy without the need for a full-time, in-house CFO. A virtual CFO helps manage financial planning, budgeting, cash flow, risk management, and compliance, ensuring that your business remains financially sound and prepared for growth.
At Chordal Consulting, our Virtual CFO services are tailored to meet the unique needs of your business. We offer comprehensive financial oversight, strategic insights, and real-time reporting to help you make informed decisions, optimize resources, and drive profitability. With our virtual CFO support, you get high-level financial expertise at a fraction of the cost of hiring a full-time CFO.
Seamless Transition to GAAP-Compliant Financial Reporting
GAAP Conversion
GAAP (Generally Accepted Accounting Principles) conversion is the process of aligning a company’s financial statements with GAAP standards, ensuring consistency, transparency, and compliance with regulatory requirements. This conversion is crucial for businesses transitioning to new reporting frameworks or preparing for audits, mergers, acquisitions, or global expansion.
At Chordal Consulting, we provide expert GAAP conversion services, helping businesses translate their financials into GAAP-compliant statements. Our team ensures a smooth conversion process, offering insights into adjustments, disclosures, and compliance, so your financial reporting meets the highest standards of accuracy and transparency.
Standardization
Framing of Accounting Policies & Procedures Manual (SOPs)
An Accounting Policies & Procedures Manual (Standard Operating Procedures – SOPs) is essential for establishing clear guidelines and consistent practices within an organization’s financial operations. It outlines the methods and principles for handling accounting transactions, internal controls, and compliance, ensuring accuracy and efficiency across all financial processes.
At Chordal Consulting, we assist businesses in framing comprehensive and customized accounting policies and procedures manuals tailored to their specific needs. Our experts design SOPs that promote consistency, mitigate risks, and enhance operational efficiency, all while ensuring adherence to regulatory requirements. With a well-structured manual in place, your organization can achieve smoother workflows, better compliance, and improved financial governance.
Audit Readiness Support
Audit readiness support helps businesses prepare for both internal and external audits by ensuring that financial records, processes, and compliance frameworks are in order. It involves reviewing financial statements, internal controls, and documentation to minimize risks, address discrepancies, and ensure a smooth audit process.
At Chordal Consulting, we provide comprehensive audit readiness support, assisting businesses in identifying and resolving potential issues before the audit begins. Our team helps streamline processes, ensures compliance with regulations, and equips your organization with the necessary documentation, reducing the likelihood of audit complications and enhancing transparency.