Accounting

1. Review of Vendor Invoices

2. Processing Vendor Payments on due date

3. Monthly Provisions of expense, leave balances, gratuity and exchange rate fluctuations on outstanding vendor/customer balances

4. Review of Employees Claims i.e. Travel Exps, Conveyance, Housekeeping Exps etc

5. Reconciliations of Vendors/Customers/Employees Imprest Accounts

6. Bank Reconciliation

7. TDS (Tax deducted as Source) Reconciliations – Tax deducted by us, Customers and Banks

8. Fixed Deposits Reconciliation

9. Issue of Sale Invoice as per TP agreement – from Genetics to NMC Healthcare Ltd

10. Accounting of collection from customers and reconcile deduction if any

11. Salary Processing & Payment

12. Maintenance of Fixed Assets Register

13. Fixed Assets Accounts & Periodic Physical Verification

14. Inventory Periodic Physical Verification

Banking

1. Prepare cheques/letters for salary, vendors, TDS monthly payments

2. Prepare letter for transfer of salary and submit the same in bank

3. Submit letter for credit of foreign inwards remittances

4. Apply for Foreign Inwards Remittance Certificate

5. Submit Export Invoices with request letter for adjustment of Foreign Inwards remittances against FIRC

6. Prepare and obtain Bank Realization Certificate from Bank

7. Investment Surplus funds in bank Fixed Deposit after approval

8. Encashment of Fixed Deposits as and when there is a funds requirement

9. Obtain Year End closing Balance Certificate for all bank accounts

10. Obtain year End Closing Exchange Rate Certificate

Budget, MIS & Monthly Closing

1. Preparation of Annual Budgets

2. Monthly Operational MIS & financial to Corporate Consolidation & MIS team

3. Preparation of Periodic / Annual Balance Sheet, Profit & Loss Accounts with schedule

4. Accounts Receivables & Accounts Payables MIS & Control

5. Compliance Status

Compliances

1. Ensure deduction of TDS from vendor payments & Salary payments as per applicable rate of tax

2. Coordination with CA firm and ensure timely submission of Quarterly/Annual TDS & GST Returns

3. Preparation & Submission of RBI FLA return on or before due date

4. Coordination with CA firm and provide desired information for getting GST refund

5. Follow up with concerned department for TDS certificates if payment is made by customers after deduction of TDS

6. Coordination with CA firm TDS & GST compliances