Payroll & Reporting Services in India
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+91 99642 45162
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End-to-End Payroll & Reporting Services
Managing payroll, bookkeeping, and financial reporting isn’t just about crunching numbers, it’s a critical part of running a business efficiently
But for many organizations, these tasks come with constant headaches: complex compliance regulations, manual errors, and time-consuming processes that pull focus away from growth. We take these burdens off your shoulders to make sure everything is accurate and stays compliant. Before we jump into what we offer, here’s why you need to adhere to Payroll & Reporting Compliance:
- Better focus on strategic business initiatives while reducing administrative burdens and saving money by minimizing errors and penalties.
- Improve employee satisfaction by avoiding errors in payrolls
- Accurate financial reporting and Management Information System (MIS) helps make data driven decisions.
- Better focus on core business initiatives and reduce labour efforts.
Explore Our Payroll & Reporting Services
Accounting & Bookkeeping Services
- We provide comprehensive IFRS Reporting to ensure international accounting standards are met, helping your business stay globally competitive.
- Preparation of Consolidated Financial Statements that offer clarity and accuracy for stakeholders and investors.
- Maintaining Books of Accounts in platforms like Tally, Zoho, and others, ensuring your records are organized and accurate.
Payroll Management
Full Payroll Services, including payroll processing, tax calculations, and compliance with local labor laws, ensuring timely and accurate payroll for your team.
Financial Reporting
Generation of MIS Reports for Management, providing insightful data to help in decision-making and performance tracking.
Why Choose Prashashti for Payroll & Financial Reporting?
Maximize Returns & Long-Term Value
Our expert-led solutions prevent errors, ensuring cost savings and financial stability while delivering long-term value for your business.
Reclaim Your Time & Focus on Growth
Managing payroll and reporting internally is time-consuming. We handle everything, freeing up your resources so you can focus on scaling your business.
Simplify Compliance & Stay Worry-Free
Keeping up with changing tax laws and financial regulations is complex. We take care of all the details from accurate calculations to reporting, so you don’t have to.
Transparency & Risk-Free Assurance
With us, there are no surprises. We provide complete visibility into every step of payroll and financial reporting, ensuring accuracy, compliance, and peace of mind.
Reach Us At
+91 99642 45162
FAQs on Payroll & Reporting Services
What are the steps involved in the preparation of a consolidated balance sheet?
- Identify entities to consolidate. …
- Combine the balance sheets of the parent company and its subsidiaries. …
- Eliminate intercompany transactions and balances. …
- Allocate parent company investments. …
- Adjust non-controlling interests. …
- Prepare disclosures.
What is the method of maintaining accounts?
There are two primary methods for maintaining accounts:
- Cash Accounting – Records transactions only when cash is received or paid.
- Accrual Accounting – Recognizes revenues and expenses when they are incurred, regardless of cash flow.
The choice between these methods depends on the size, structure, and regulatory requirements of the business.
What type of accounting do businesses use?
Businesses use different types of accounting based on their specific needs:
- Financial Accounting – Focuses on preparing financial statements for stakeholders.
- Tax Accounting – Ensures compliance with tax laws and regulations.
- Cost Accounting – Analyzes costs to improve financial efficiency and decision-making.
- International Accounting – Manages accounting practices for businesses operating across multiple countries.
What are the payroll laws in India?
Payroll compliance in India is governed by four major laws:
- Employee Provident Fund (EPF) Act – Mandates provident fund contributions for employees.
- Employee State Insurance (ESI) Act – Provides health and social security benefits.
- Payment of Gratuity Act – Ensures gratuity payments for long-term employees.
- Payment of Bonus Act – Regulates bonus distribution for eligible employees.
How is payroll calculated in India?
Payroll calculation involves determining the net salary payable to employees after considering:
- Gross Salary – Basic salary, allowances, and bonuses.
- Deductions – Provident fund contributions, professional tax, and other statutory deductions.
- Tax Computation – Income tax and other applicable levies.