Accounting & Financial Reporting Services

The Foundation of Strategic Growth

Accurate and timely Accounting and Financial Reporting are the backbone of every successful business. They provide the clarity needed for strategic decision-making, stakeholder trust, and compliance with the stringent regulations under the Companies Act, 2013, and Indian Accounting Standards (Ind AS).

SSP Solutions transforms your financial record-keeping from a compliance burden into a powerful tool for analyzing performance and driving profitability.

Our Core Accounting Services (The Back-End)

We manage the day-to-day financial operations with meticulous precision, ensuring your books are always current and fully compliant.

  • Bookkeeping and General Ledger Maintenance:
    • Systematic recording of all financial transactions (purchases, sales, receipts, and payments).
    • Maintaining the General Ledger with accuracy, categorized by industry-specific Chart of Accounts.
  • Accounts Payable (AP) and Accounts Receivable (AR) Management:
    • AP: Timely processing of vendor invoices, payment scheduling, and vendor reconciliation.
    • AR: Invoice generation, collections tracking, and customer reconciliation to manage cash flow effectively.
  • Bank and Account Reconciliation:
    • Monthly reconciliation of bank statements, supplier and customer ledgers to ensure all data is consistent and accurate.
  • Fixed Assets Management:
    • Maintaining the Fixed Assets Register, calculating depreciation as per the Companies Act or Income Tax Act, and ensuring proper accounting treatment for asset additions and disposals.
  • Inventory Valuation & Costing:
    • Accurate valuation of inventory using compliant methods (e.g., FIFO, Weighted Average) to reflect the true cost of goods sold.

Financial Reporting & Analysis (The Insight)

We go beyond data entry to produce structured reports that meet both statutory requirements and management’s need for actionable insights.

Statutory Financial Reporting Compliance

We prepare all mandatory financial statements in accordance with the applicable reporting framework (Indian GAAP/Ind AS) and the Ministry of Corporate Affairs (MCA) guidelines.

  • Preparation of Primary Financial Statements:
    • Balance Sheet: A snapshot of your assets, liabilities, and equity.
    • Statement of Profit & Loss (P&L): Detailed summary of your company’s revenues and expenses.
    • Cash Flow Statement: Tracking cash inflows and outflows from operating, investing, and financing activities.
    • Statement of Changes in Equity.
  • Statutory Filings:
    • Ensuring timely and correct filing of financial statements with the Registrar of Companies (RoC) via the MCA21 portal, including XBRL filing requirements for eligible companies.

Management Reporting & Financial Analysis

We transform your financial data into clear, customized reports that empower better business decisions.

  • Monthly/Quarterly Management Information System (MIS) Reports:
    • Customized performance reports tailored to your industry and key metrics.
    • Variance analysis (Actual vs. Budgeted) to highlight areas needing attention.
  • Budgeting & Forecasting:
    • Assisting in the preparation of annual operating budgets and rolling forecasts to plan for future performance.
  • Key Performance Indicators (KPI) Dashboard:
    • Visual representation of critical financial health indicators like profitability ratios, liquidity ratios, and working capital cycle.