Great Accounting Practices Manifesto For Your Business - FY 15-16 Good Behaviour
Bad Behaviour
Spend 4-6 hours/month on Company Finances / MIS
Impulsive Expenditures
Follow Systems, Procedures, Rules put in place by Relativity
Payments without Bills / Invoices
Must Do items
Your Rewards
Forecast
Time & Focus on business growth
a.Income & Expenses (M,Q,A) b.Statutory Payments (TDS, PF, ESI, PT, ST, VAT, IT) c.Funds for Business Expansion d.Cash Flows (M,Q,A)
Fewer “No-Cash” situations
Payments / Expenses in Cash+ Regularly review receivables Limit Overspending / Major deviations from Budgets Reward yourself with a Fixed Sum (Salary) every month
Personal expenses on Company ATM/Debit/Credit cards Withdrawing Cash from Company Account ++
Help keep a nice & clear General Ledger Stop mixing company & personal finances No D-I-Y approach for everything
Better Cash Flows & Profitability
Better Credit Scores
Peace of Mind
Having too many bank accounts Set Financial goals for company & yourself
No Firefighting – Pay before due dates
Relativity's Accounting services enable 56+ Small & Mid-sized companies to focus on better management of their finances. Our people along with the right systems & tools deliver world class best practices in accounting & taxation to fuel your organization's growth. Payroll | Taxation | Accounting | Compliance
Be Compliant, at peace & empowered with Relativity's Accounting Services.
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