Corporate Services

Running a startup or growing firm entails significant challenges, particularly in managing finances, compliance, corporate governance, and strategic planning. Entrepreneurs often require both strategic advice and daily assistance to address their financial and technical accounting needs effectively. However, hiring a full-time Chartered Accountant with extensive global corporate finance experience may not be feasible for many startups due to budget constraints. In such cases, opting for a virtual CFO or outsourced CFO becomes a more cost-effective solution, offering on-demand services at a reasonable rate. At KCORP, our CFOs offer a comprehensive range of services, including cash flow management, fund raising, and more, to support startups and businesses in navigating financial complexities efficiently.

KCORP offers clients complete accounting and bookkeeping services. It begins with the implementation of accounting processes, internal controls, and rules and procedures. Services for bookkeeping include:

• Day to day accounting
• Accounts Payable Services
• Accounts Receivable Services
• Statutory Compliances
• Payroll Services
• Labour Law Compliances
• Financial Statement Preparation
• MIS and Financial Analysis
• All other activities pertaining to the accounting

In light of increasing compliance requirements in India, delivering timely information to auditors has become a significant challenge for finance and accounting departments. Our expert staff acts as a bridge between auditors and these departments, ensuring seamless communication and timely submission of necessary materials in the required format. With team members experienced in this role, we facilitate efficient audits, benefiting both the organization and the auditors. This support aids CFOs and firm management in navigating audits smoothly, though it's important to note that our role is limited to providing information to auditors as required; we do not conduct statutory audits ourselves but offer internal audit services through our channel partners.

We provide the audit preparations for the below types of audits,

• Statutory Audit for Companies and LLPs
• Internal Audits
• Income Tax Audits
• GST Audit

The types of loans provided by Bank and Financial Institutions to Businesses can be broadly categorized into two categories i.e 1. Term (Project) loans 2. Working capital loans.

Term (Project) loans are used to start new enterprises, expand existing businesses, and purchase new assets. Banks require project data, the overall cost of the project, the amount given by the promoter or applicant toward the cost, and the amount to be supported by the bank as a loan to offer term loans. To assess the project’s viability and feasibility, banks must first determine the project’s revenue-generating capacity, as well as whether such capacity is sufficient to cover the project’s loan repayment obligations during its term. The bank makes the decision to lend money based on these information. A project report is a document prepared to demonstrate to the bank all important aspects of a project. In drafting such a project report, all ratios and criteria used by banks in authorizing loans must be evaluated.

KCORP has developed competence in generating the Project Report in a way that banks and investors can understand.