Loading...

NGO Accounting and Compliance Services - Modern office environment with business professionals and digital dashboards

OUR DEDICATED GOOD KARMA ACCOUNTING TEAM

Our Good Karma Accounting team comprises of Chartered Accountants, Senior Accountants, and Book Keepers, who have several many years of NGO experience, across many social causes. Our mission is to provide global accounting standards and practices to our client Non-Profits, provide the highest level of financial transparency and enable compliance with applicable laws to be it Income Tax, FCRA, Company Law, Labour Laws etc. Our service approach is team based with an assigned SPOC to each engagement, who would be supported by Associates, Professionals and subject matter experts.

Financial Reporting Dashboard - Desktop monitor showing financial charts, sales performance, revenue by quarter, and balance sheet data

FINANCIAL REPORTING - BALANCE SHEET - RESTRICTED & UNRESTRICTED NET ASSETS

Statement of Functional Activities
Income & Expenditure Statement - Natural Classification
Budget versus Actuals
Grant Reporting
Costs of delivery of Social outcomes

CHART OF ACCOUNTS - ALIGNMENT
WITH FINANCIAL REPORTING NEEDS
& COMPLIANCE.

Chart of Accounts - Financial Policy and Compliance Framework

FINANCIAL POLICIES & PROCEDURES

Organization Structure - Roles & Responsibilities
Authorization Matrix
Revenue policies - Donations, Grants Received, Service Income, Sale Income, Events & Sponsorships Income
Payroll policies - Payroll structure, Income Tax, Flexible Benefit Plan, On Boarding, Exit & Final Settlements, Increments, Promotions etc
Programme Expenses - Indent, vendor selection, Purchase Order, Service Order, Receipt of goods/services, purchase booking, check run
Banking & Treasury Operations - Savings & Fixed Deposit accounts, Restricted Bank accounts for Grant Receipts
Petty Cash - Imprest system
Internal Controls & Checks - Maker Checker & Authoriser roles, Bank Reconciliation statement, Physical Verification, Procedure adherences, custom control computations, Expense trends, Support to external auditors & Grant and social audits

Compliance Framework - Flowchart diagram showing Governance, Standards, Risk, Policy, Law, Rules, Audit, and Practices connected to Compliance

Secretarial Support (For Sec 8 Companies):

Preparation of Company Law filings AOC-4, MGT-7
Drafting AGM Notices, Agenda and Minutes
Drafting Board Meeting Notices, Agendas and Minutes
Preparations & ROC filings based on applicable events and changes- Director induction, resignation, address changes, auditors appointment, modifications to MOA/AOA, changes in Members etc

COMPLIANCES

Annual Cycle:

Preparation of Annual auditable Financial Statements
Preparation of Annual Income Tax returns
Preparation of Annual FCRA Returns FC-4
Preparation of Annual Form 16 for Employees
Preparation of State wise Annual Professional Tax Returns
Preparation of Annual GST Return GSTR-9

Half Yearly Cycle:

Preparation of Half Yearly ESI Return

Quarterly Cycle:

Preparation of eTDS Return
Preparation of Form 16 A
Preparation of FCRA quarterly Return FC ?
Preparation of quarterly GST Return GSTR-1

Monthly Cycle:

Preparation of TDS computations for Salaries, Rent, Professionals, Contractors, etc.
Preparation of PF Computations
Preparation of ESI computations
Preparation of State-wise Professional Tax dues
Preparation of GST return GSTR-3b and GSTR-1

FOR MORE DETAILS

OUR DEDICATED GOOD KARMA ACCOUNTING TEAM

FINANCIAL REPORTING - BALANCE SHEET - RESTRICTED & UNRESTRICTED NET ASSETS

Statement of Functional Activities
Income & Expenditure Statement - Natural Classification
Budget versus Actuals
Grant Reporting
Costs of delivery of Social outcomes

CHART OF ACCOUNTS - ALIGNMENT
WITH FINANCIAL REPORTING NEEDS
& COMPLIANCE.

FINANCIAL POLICIES & PROCEDURES

Organization Structure - Roles & Responsibilities
Authorization Matrix
Revenue policies - Donations, Grants Received, Service Income, Sale Income, Events & Sponsorships Income
Payroll policies - Payroll structure, Income Tax, Flexible Benefit Plan, On Boarding, Exit & Final Settlements, Increments, Promotions etc
Programme Expenses - Indent, vendor selection, Purchase Order, Service Order, Receipt of goods/services, purchase booking, check run
Banking & Treasury Operations - Savings & Fixed Deposit accounts, Restricted Bank accounts for Grant Receipts
Petty Cash - Imprest system
Internal Controls & Checks - Maker Checker & Authoriser roles, Bank Reconciliation statement, Physical Verification, Procedure adherences, custom control computations, Expense trends, Support to external auditors & Grant and social audits

Secretarial Support (For Sec 8 Companies):

Preparation of Company Law filings AOC-4, MGT-7
Drafting AGM Notices, Agenda and Minutes
Drafting Board Meeting Notices, Agendas and Minutes
Preparations & ROC filings based on applicable events and changes- Director induction, resignation, address changes, auditors appointment, modifications to MOA/AOA, changes in Members etc

COMPLIANCES

Annual Cycle:

Preparation of Annual auditable Financial Statements
Preparation of Annual Income Tax returns
Preparation of Annual FCRA Returns FC-4
Preparation of Annual Form 16 for Employees
Preparation of State wise Annual Professional Tax Returns
Preparation of Annual GST Return GSTR-9

Half Yearly Cycle:

Preparation of Half Yearly ESI Return

Quarterly Cycle:

Preparation of eTDS Return
Preparation of Form 16 A
Preparation of FCRA quarterly Return FC ?
Preparation of quarterly GST Return GSTR-1

Monthly Cycle:

Preparation of TDS computations for Salaries, Rent, Professionals, Contractors, etc.
Preparation of PF Computations
Preparation of ESI computations
Preparation of State-wise Professional Tax dues
Preparation of GST return GSTR-3b and GSTR-1

Loading...

OUR DEDICATED GOOD KARMA ACCOUNTING TEAM

FINANCIAL REPORTING - BALANCE SHEET - RESTRICTED & UNRESTRICTED NET ASSETS

CHART OF ACCOUNTS - ALIGNMENTWITH FINANCIAL REPORTING NEEDS& COMPLIANCE.

FINANCIAL POLICIES & PROCEDURES

Secretarial Support (For Sec 8 Companies):

COMPLIANCES

Annual Cycle:

Half Yearly Cycle:

Quarterly Cycle:

Monthly Cycle:

FOR MORE DETAILS

OUR DEDICATED GOOD KARMA ACCOUNTING TEAM

FINANCIAL REPORTING - BALANCE SHEET - RESTRICTED & UNRESTRICTED NET ASSETS

CHART OF ACCOUNTS - ALIGNMENTWITH FINANCIAL REPORTING NEEDS& COMPLIANCE.

FINANCIAL POLICIES & PROCEDURES

Secretarial Support (For Sec 8 Companies):

COMPLIANCES

Annual Cycle:

Half Yearly Cycle:

Quarterly Cycle:

Monthly Cycle:

FOR MORE DETAILS

CHART OF ACCOUNTS - ALIGNMENT
WITH FINANCIAL REPORTING NEEDS
& COMPLIANCE.

CHART OF ACCOUNTS - ALIGNMENT
WITH FINANCIAL REPORTING NEEDS
& COMPLIANCE.