Premlata Purohit and AssociatesLoading…
Pillar 06
Strategic and operational advisory paired with outsourced finance, accounting and payroll services for businesses that prefer to focus on their core. Engagements range from a one time financial projection for a bank loan to a multi year virtual CFO retainer covering the entire finance and compliance function.
What this pillar covers
Outsourcing the finance and compliance function is a structural decision, not a tactical one. The firm runs this pillar with the understanding that the client expects the same level of accuracy, the same controls and the same proprietor accountability as an internal team would deliver. Engagements are scoped against measurable outputs: monthly closing timelines, MIS reporting cadence, payroll cycle commitments and statutory filing schedules. The firm uses cloud accounting platforms and automation tools where they improve quality, but the standard of work is set by the team and the proprietor, not the tool.
Sub services
01
Preparation of detailed business plans, financial projections and Credit Monitoring Arrangement data for bank funding, equity raises and internal planning. Engagement includes assumption mapping, sensitivity analysis, working capital modelling and capital expenditure schedules. CMA data is prepared in the format prescribed by the lender bank.
02
Project reports for term loan applications, including project scope, market assessment, technical feasibility, financial projections, sensitivity analysis, debt service coverage and break even analysis. The report is prepared to the standard the lender's credit team expects and is presented in coordination with the client's banker.
03
Assessment of working capital requirements using methods accepted by lender banks, including the Maximum Permissible Banking Finance method and the Cash Budget method. Engagement covers reconciliation between the client's books, the operating cycle and the bank's appraisal expectations.
04
End to end outsourced accounting on cloud platforms including Tally Prime, Zoho Books, QuickBooks Online, Xero or SAP Business One depending on the client's scale. Engagement covers daily transaction recording, periodic reconciliations, monthly closing within an agreed timeline, and preparation of trial balances and financial statements at year end.
05
Monthly payroll computation, tax deduction at source under the Income Tax Act, Provident Fund and Employees State Insurance contributions, Professional Tax under state legislation, and labour law compliance including the Payment of Bonus Act, the Payment of Gratuity Act and the Maternity Benefit Act. Engagement includes Form 16 issuance to employees and the underlying TDS return filing in Form 24Q.
06
A retained Chartered Accountant operating as the client's outsourced finance leader. The engagement covers monthly review meetings with the founders or board, MIS reporting, cash flow forecasting, banking and lender management, audit coordination, statutory compliance oversight and strategic finance support including funding rounds and exit conversations. Scope is agreed against a written statement of work.
07
Monthly management information systems reporting tailored to the client's business, including profit and loss against budget, cash flow, debtors and creditors ageing, inventory metrics where applicable, key performance indicators by line of business, and commentary on variances. Reports are designed for board and lender consumption.
08
Conversion from Accounting Standards (AS) to Indian Accounting Standards (Ind AS) for entities crossing the prescribed thresholds, and to International Financial Reporting Standards (IFRS) for entities reporting to overseas parents or investors. The engagement covers the gap analysis, the GAAP differences memorandum, the opening balance sheet under Ind AS 101, and the disclosure framework under each applicable standard.
09
Documentation of finance and compliance processes including the procurement to pay cycle, order to cash cycle, hire to retire cycle, period close, and statutory compliance. The deliverable is a process manual that supports both internal training and the testing of internal financial controls under Section 143(3)(i) of the Companies Act.
10
Design of the IFC framework for the company's reporting and operational processes, identification of risks and controls at the entity, process and information technology levels, walkthroughs and testing of design and operating effectiveness, and remediation support. The framework is documented to support the auditor's reporting under Section 143(3)(i).
11
The firm advises on AI governance frameworks for organisations deploying AI in client facing or financial reporting processes, covering risk assessment, model documentation, bias and fairness controls, data governance, audit trails, and integration with the existing internal controls framework. The service is recognised under the ICAI Management Consultancy and Other Services list.
12
Forensic engagements covering fraud risk assessment, fraud prevention frameworks, investigation of suspected fraud, and forensic data analytics on transaction populations. Reports are designed for internal action and, where applicable, regulatory or judicial proceedings. The service is recognised under the ICAI MCS list.
14
Advisory and support for Business Responsibility and Sustainability Reporting under the SEBI prescribed framework, alignment with the BRSR Core indicators, and sustainability reporting beyond the regulatory minimum where the entity chooses to report against frameworks such as the Global Reporting Initiative or the IFRS Sustainability Disclosure Standards.
Our approach
The first step in every advisory or outsourcing mandate is a discovery conversation that maps the client's current state, the gap to where the client wants to be, and the realistic scope of what the firm can deliver. The output is a written statement of work.
For outsourcing engagements, the transition is run as a defined project with timelines, owners and acceptance criteria. Books, payroll history, statutory filings and pending matters are reviewed; cut off dates are agreed.
Once steady state is reached, the engagement runs on a defined monthly, quarterly and annual cadence. Reporting deadlines, reconciliations, statutory filings and review meetings are calendared. Variances are flagged in writing.
Every retained engagement is reviewed annually for scope, deliverables and quality. The firm proposes adjustments where the client's needs have evolved.
For clients whose statutory audit is conducted by another firm, the firm coordinates the audit support: schedules, working papers and queries, ensuring that audit deadlines are met without disruption to operations.
Frequently asked questions
Outsourced finance, virtual CFO, internal controls, sustainability or a specific advisory question, the firm is reachable through the office or via the contact form.