• Good to see what has allready been achieved. Better to know what still needs to be done.
  • Precision, perfect timing and an eyefor what matters.
  • Doing the right thing at the right time.That's what seperates the best from the rest.
  • Achieving your goalswith a reliable partnerby your side.

Accounting & Financial Reporting

Luther Corporate Services together with its partners is able to assist its clients in time-consuming accounting and administrative matters, which every company needs to take care of. Our accounting & bookkeeping services and payroll processing services are ideal for the sustainable growth of the business organization as the impact of our services enable our clients to concentrate on growing and developing their businesses.

1. Bookkeeping

  • Setting up chart of accounts as per Indian GAAP
  • Recording of all payments and funds received
  • Preparation of monthly bank reconciliation statements
  • Recording of all sales and trade debtors
  • Recording of all purchase and trade creditors
  • Recording of prepayments and accruals
  • Recording of all assets purchased and related depreciation
  • Recording of all Sales Tax (VAT) and Service Tax on the taxable purchases/supplies
  • Extraction of monthly trial balances and general ledger

2. Management Reports

  • Compiling of profit and loss account and balance sheet
  • Generating aged financial analysis of debtors and creditors
  • Preparation and submission of quarterly Sales Tax and Service Tax returns
  • Business advisory services such as accounting reports and preparation of business plans
  • Budget preparation and comparison and analysis of key components of financial performance

3. Statutory Accounting

  • Preparation of financial statements under Indian GAAP
  • Preparation of consolidated financial statements which includes the consolidated cash flow statement, consolidated statement of changes in equity and notes to the financial statements in compliance with the International
  • Financial Reporting Standards (IFRS)
  • Review and computation of tax and deferred tax provisions for inclusion into financial statements
  • Re-measuring accounts to functional currency
  • Completing consolidation and head office reporting packages