Tag Archives: Accounting

MSI Global Alliance adds two accounting members in India

MSI Global Alliance, one of the world’s leading international associations of independent legal and accounting firms, is delighted to welcome two new accounting members in India, Paperchase Business Services Pvt Ltd. and Anjaneyulu & Co.

Paperchase Business Services Pvt Ltd, based in Ahmedabad, provides key accounting and tax services with a strong focus on book keeping, management accounting, payroll and year-end accounting. The firm also provides outsourcing services to clients from various English-speaking countries.

The three partner firm, with a team of over 50 staff, serves small and medium-sized businesses and individuals from a wide range of industry sectors, which include recruitment, construction, hospitality, charities and healthcare providers.

Maulik Patel, managing partner of Paperchase Business Services Pvt Ltd, comments, ”We are delighted to join MSI, which will help us network with lot of dynamic firms for mutually beneficial relationships.”

Located in Hyderabad, Anjaneyulu & Co. joins MSI with seven partners and a team of 30 staff. The long- established firm, founded in 1980, provides comprehensive audit and assurance services as well as accounting, tax planning and advisory services to national and international clients.

D V Anjaneyulu, managing partner of Anjaneyulu & Co., comments, “We are pleased to join MSI, a global association of dynamic professionals, which will enhance our reach globally. We look forward to a long and fruitful relationship.”

Tim Wilson, chief executive of MSI, comments, “I am very pleased to welcome our two new accounting members in India. We are looking to expand MSI’s membership coverage in India and both firms provide a strong offering for our members and their clients globally.”

The admission of Paperchase Business Services Pvt Ltd and Anjaneyulu & Co. adds to MSI’s presence in India, which comprises seven member firms located in the key business centres of Ahmedabad, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi.

For further information please contact

MSI Global Alliance
Pauline Rottstock, Marketing and Business Development Manager
Tel: +44 20 7583 7000
Email: prottstock@msiglobal.org

About MSI Global Alliance

MSI is one of the world’s leading international associations of independent legal and accounting firms with over 250 carefully selected member firms in more than 100 countries. MSI was formed in 1990 in response to the growing need for cross-border co-operation between professional services firms.

MSI members worldwide work closely together to provide integrated, multidisciplinary services to meet each client’s legal and regulatory obligations and growth ambitions. MSI is ranked among the Top 20 international accounting and legal networks, associations & alliances.

Visit our website: www.msiglobal.org

The importance of having a good accounting system

If your business doesn’t have an effective accounting system in place, you run the risk of making serious errors in your finances. Furthermore, a good accounting system simply makes life easier and allows you to focus more on growing your business. 

  • It helps you evaluate the performance of your business: A good accounting system gives you a thorough overview of the financial performance of your business. If you don’t have an accounting record, how will you know if your business is growing or shrinking? So, your account records help you know if your business is growing, stagnant or slowing down.
  • It helps you manage cash flow and meet deadlines: Cash flow management means knowing what you do with the cash that comes into the organisation. Your accounting system helps you know areas that need cash. For instance, cash may be needed to finance your debts, or make major renovations or order for new stocks, and it is your accounting system that will help you know this. In short, no business will growth further without a good cash management system. Also, your accounting books help you know when bills like your rent needs to be paid.
  • It’s needed for business goal setting: Cash flow management means knowing what you do with the cash that comes into the organisation. Your accounting system helps you know areas that need cash. For instance, cash may be needed to finance your debts, or make major renovations or order for new stocks, and it is your accounting system that will help you know this. In short, no business will growth further without a good cash management system. Also, your accounting books help you know when bills like your rent needs to be paid.

This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice.  Errors and omissions excepted (E&OE)