Accounting & Auditing

Accounting vs. Auditing. Accounting involves tracking, reporting, and analyzing financial transactions. ... An audit is an independent examination of accountingand financial records and financial statements to determine if they conform to the law and to generally accepted accounting principles (GAAP).

Another difference: accounting is a daily process, whereas an audit is usually conducted annually or quarterly. Another difference is that the accounting is compiled by the employees of the company, while an audit is done by an independent body with no financial ties to the company.

Our firm specializes in providing accounting services for business firms as well as companies. Our quality and cost effective accouting services helps our clients to focus on their core competencies and achieving operational excellence.
For this purpose we need to control the corporate spending. Manual purchasing processes are slow, time consuming and often lead to supplier account problems, over budget spending and an ever growing number of suppliers.

My CA Firm Purchase management automation delivers a single, seamless and paperless automated workflow process from:
• The creation of a request to buy (requisition)
• A formal purchase approval process with configurable workflow
• Real time budget checking at requisition generation and purchase order approval
• Optional receipting of goods and services
• Purchase invoice capture with automated matching to PO and receipting
• Automatic purchase order generation
• Electronic approval plus automatic posting to the ledgers

Purchase automation ensures that every purchasing transaction’s current status is instantly visible to all involved removing the endless paper chase, which is particularly beneficial for multi-location businesses.
The benefits of MY CA FIRM Purchase management automation are:

• An on premise installed solution
• A hosted system which can be accessed from any site
• Accounting Systems & Control Mannual
• Design and Set-up Business Process and Internal Control Systems.
• Accounting system set up ,review, improvement and implementation .
• Accounting & bookkeeping outsourcing of US,UK,Canada,Australia,Germany clients
• Accounting system design and set up for US,UK,Canada,Australia,German clients in India .
• Accounting advisory services.
• Accountings security systems review and management of foreign corporate
• Information Systems review / audit.
• Information Security review / assessment.
• Systems and Process manuals preparation.