Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services). Simply put, it is “any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors”.
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner’s personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company.Â
Process Improvement
We help to improve, rationalize, and enhance core Finance processes such as accounts receivables, account payables, fixed assets, closing activities, consolidation and MIS reporting. We support the CFOs & finance departments in their efforts to fulfill their evolving, expanded and increasingly complex roles including those related to finance function effectiveness, information quality & consistency, internal controls, corporate governance and others.
Performance Alignment
We help to develop performance drivers and improve the connection between business performance and incentives. This work enables CFOs to provide decision-makers with information that is timely, readily accessible, and relevant along with the confidence and transparency they desire.
Risk Assessment
Entities are subject to greater risk and more radical changes in fortune than ever before. Managers and Investors are concerned about whether entities have identified the full scope of this risk and evaluates whether adequate precautions are taken to mitigate these risk. Our service is to ensure entities, identification of business risk is comprehensive and evaluates whether the entity has an appropriate system in place to effectively manage this risk.
Project Accounting & PMO Services
We can assist you by providing project accounting & PMO services to support projects throughout their life cycle from Designing to Rollout and Benefit realization including Business case preparation, drawing budgets, maintaining yearly forecasts, Approving transactions, Accounting, Accruals, reconciliation, Cross charges, Tracking actuals vs forecast, Variance Analysis, Project Financials, Reporting on project status and others thereon. We can help to perform and manage PMO functional tasks and perform day-to-day contract management activities, to understand and utilize standard processes for project management, quality management, and risk management;