At NKG, we understand that navigating the complex business landscape can be daunting, which is why our seasoned advisors are dedicated to providing comprehensive and tailored advisory services to propel your organization forward.
Accounts management refers to the effective administration of an organization’s financial transactions pertaining to expenses, revenues, assets, and liabilities through standardized bookkeeping and reporting processes. It involves identifying, measuring, recording, classifying, summarizing, interpreting, and communicating financial information for planning, controlling, and reporting purposes. Effective accounts management is crucial for understanding the financial health of a business.
The core objectives served by proper accounts management include:
Well defined policies for cost classifications, capitalization thresholds, depreciation, forex handling etc. aligned with accounting standards help ensure consistency in treatment of income and expenses.
Automated software that integrates with bank accounts, billing systems and handles all transactions through a double entry mechanism ensures seamless processing and minimizes errors.
Separate responsibilities for recording, authorizing, verifying transactions, and handling cash or assets prevents concerted fraudulent activities.
Proper workflows, storage procedures and review mechanisms for inward and outward financial documents ensures transactions can be verified seamlessly.
Hierarchical authorization requirements for expenses, fund transfers, write-offs etc. based on defined limits prevents misuse and promotes financial discipline.
System capability to log all entries and amendments along with user details enables easy review of changes and accountability.
Custom reports that extract meaningful management information on costs, revenues, profitability drivers and working capital both at micro and macro levels aids financial planning.
NKG keeps in Close communications with various Trade Commissions, Business Chambers, embassies of many countries on various existing & new Rules & Regulations of government of India
NKG has a Dedicated and Efficient team of experienced regulatory professionals who have Registered more than 2000 brands until now who can help you Plan your regulatory needs and smoothen the process for Regulatory approvals. Strategically located in New Delhi, the “regulatory “ capital of India, NKG makes a head start by following its unique time tested “Step-by- Step “ process that puts a lot of method in between the madness.
