Dear Seniors,

I work for a software company; it's a startup organization. I have been asked to set up basic financial processes for our new company. I would like to request each one of you to help in setting up the process.

Thanks in advance

From India, Delhi
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Ask your manager to buy some advanced payroll or HR software like SaralPayroll. In that way, you can manage the finance and payroll for your company in an easy way.

Also, you can consult with a chartered accountant to know more about the rules and regulations for a company to avoid any further hassle.

From India, Lucknow
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Manjunath,

Financial processes include:

1) HR - ESI and PF registration
2) Professional tax registration
3) PAN registration
4) Service tax registration
5) Sales tax registration
6) TDS payment, return filing - online - purchase a software
7) Service tax payment, return filing online
8) Accounting software - which will include mainly every aspect of accounts
9) Appoint a person who is conversant with these aspects
10) Have a better MIS system in place
11) Take a monthly trial balance without fail
12) Keep a deadline for all the payments and receipts every month and close the books every month incorporating all the business transactions.

Sriprathyaksha

From India, New Delhi
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