Accounting Services are important, for both:

1. i) Financial reporting in accordance with applicable law and accounting standards as it is a statutory obligation and for benefit of various stakeholders like owners, bankers, creditors, banks, and regulatory authorities.
2. ii) Management reporting for facilitating timely and informed managerial decision-making, which is crucial for businesses today.

   Accounting today involves the usage of computerized accounting software and allied interfaced or integrated add-ins, that cater to the needs of statutory compliances under Income tax, GST and Companies Act, etc.

   Several MSME businesses, especially start-ups may need professional guidance on setting up and maintaining a suitable accounting system to commensurate with their size and complexity of needs, both present and planned. VMS accounting services include:

   • Setting up an accounting system.
   • Outsourcing strategy.
   • Assistance in selecting and training accounting personnel to enable you to have an in-house accounting function.
   • Internal controls review.
   • Design, implementation, and review of the accounting manual & MIS, etc.