Monthly close and reporting
Set an agreed close timetable, coordinate reconciliations, review open accounting issues and prepare management reports with commentary on movements and exceptions.
FINANCE FUNCTION · MANAGEMENT SUPPORT
Virtual CFO services in India
A clear financial picture. A defined operating rhythm.
Outsourced finance leadership and reporting support for businesses that need more than transaction processing. Define the close calendar, cash-flow visibility, management reporting and responsibilities around the decisions your business needs to make.
Somesh Chandak & Associates · Chartered Accountants
Office in Thane · Services across India
ENGAGEMENT DETAIL
From reliable records to informed decisions.
Cash and working capital
Maintain a rolling cash-flow view, examine collections and payables, flag funding gaps and support decisions on working-capital priorities.
Planning and performance
Prepare budgets and forecasts, review actual performance against plan and analyse margins, customer or product profitability and the drivers behind results.
Controls and finance processes
Assess approval flows, responsibilities, reporting access and recurring exceptions. Recommend practical improvements for management to consider and implement.
Stakeholder reporting
Prepare agreed board, investor or lender reporting schedules and organise the financial information needed for discussions. Management approves all external communications.
Finance coordination
Track agreed compliance responsibilities, coordinate with bookkeeping and specialist advisers, and keep unresolved matters visible to the authorised management contact.
CLEAR ACCOUNTABILITY
Who is responsible for what?
The engagement letter confirms the final allocation. Advice and preparation support do not transfer management decisions or statutory responsibilities.
| Work area | The firm’s agreed role | Client or other responsible party |
|---|---|---|
| Monthly closing | Coordinate the close calendar, review reconciliations and track unresolved items. | Supply source records and approve accounting judgments. |
| Management reporting | Prepare agreed profit-and-loss, balance-sheet and cash-flow reports with commentary. | Confirm reporting priorities and review the results. |
| Cash-flow forecasting | Maintain a rolling forecast, including a 13-week view where suitable. | Approve collection, spending and funding assumptions. |
| Budgeting and forecasts | Build and update budgets and scenario models. | Set commercial targets and approve the budget. |
| Receivables and payables | Review ageing, concentration, disputed balances and payment planning. | Authorise collections actions, credit terms and payments. |
| Margins and pricing | Analyse cost drivers, product/customer margins and pricing scenarios. | Make pricing, contracting and operational decisions. |
| Capital expenditure | Prepare financial appraisal and cash-flow implications. | Approve investment, procurement and financing commitments. |
| Finance controls | Recommend approval limits, reconciliations and segregation of duties. | Own policies, access permissions and implementation. |
| Compliance coordination | Maintain the agreed responsibility calendar and flag missing inputs. | Authorise returns and appoint filing/signing professionals. |
| Payroll oversight | Review payroll reconciliations and agreed financial reports. | Approve employment terms, payroll and salary payments. |
| Board and investor packs | Prepare agreed financial schedules, KPIs and supporting explanations. | Approve disclosures and present management representations. |
| Borrowing and covenants | Track facility obligations and prepare agreed financial information. | Select lenders, approve borrowing and execute documents. |
| Accounting systems | Advise on reporting configuration, chart of accounts and workflows. | Own system administration and grant role-based access. |
| Audit coordination | Organise schedules and respond to agreed information requests. | Appoint independent auditors and approve representations. |
On a small screen, scroll the table horizontally to read all responsibilities.
VIRTUAL CFO · REPORTING CYCLE
A reporting rhythm you can plan around.
Weekly, where agreed
Cash position, collection priorities, payments requiring decisions and immediate blockers.
Monthly
Close status, MIS, budget variances, working capital, compliance exceptions and an action review.
Quarterly
Forecast refresh, margin trends, control issues and progress against finance priorities.
Annually or for a defined event
Budget preparation, financial planning and agreed audit, investor or borrowing information packs.
Frequency, turnaround times, reports and meeting availability are agreed for each engagement.
SERVICES ACROSS INDIA
Work with the firm from across India.
We serve clients across India from our Thane office. The engagement sets out records access, review meetings, responsibilities and delivery milestones. Any on-site visits, physical verification or other location-dependent procedures are agreed according to the assignment.
GETTING STARTED
A defined start. A documented hand-off.
Understand the current position
Review entities, systems, team responsibilities, reporting expectations and outstanding issues.
Agree the first priorities
Set the scope, reporting calendar, access arrangements and responsibility matrix.
Establish the reporting cycle
Prepare initial reports, reconcile key inputs and maintain a visible exceptions list.
Review and refine
Discuss results and decisions with management, then track agreed actions.
PREPARE FOR THE DISCUSSION
Information that helps us scope the work.
Start with a brief description. Detailed records can be shared later through an agreed private channel.
Do not put PAN, Aadhaar, passwords, bank statements or confidential documents in the public enquiry form.
- Entity and group structure, management contacts and reporting objectives
- Latest financial statements, trial balance and management reports
- Bank, borrowing, receivable, payable and inventory summaries
- Existing compliance calendar and adviser responsibilities
- Accounting-system access using individual, restricted accounts
- A nominated decision-maker and agreed review meeting cadence
Selections stay in this browser page and are not sent to the firm. Include relevant topics in your enquiry when you are ready.
FREQUENTLY ASKED QUESTIONS
Questions before we begin.
Does Virtual CFO include daily bookkeeping?
It can be scoped alongside bookkeeping, but the responsibilities, staffing and deliverables must be expressly agreed. A reporting engagement alone does not include entering every transaction.
Who authorises payments and business decisions?
The client’s authorised management. The firm can prepare analyses, payment-planning schedules and recommendations within scope; banking authority and commercial decisions remain with the client.
Will every report be audited?
No. Management reports and forecasts are not audit opinions. Any assurance engagement requires a separate scope, eligibility and independence assessment.
Can the service replace a legally required CFO appointment?
The service description does not establish that a statutory appointment requirement has been met. The entity must separately assess its legal requirements and make any necessary appointment.
THE NEXT STEP
Tell us what your business needs.
Describe the matter, your business profile and the expected timeline. The firm will review whether an engagement is appropriate and discuss the scope.
Send a service enquiry
An enquiry does not create a professional engagement or guarantee an outcome.