Capacity Building Workshop “Important To-do things in Accounts Department in April 2022” organized by IamSMEofIndia

Sh. M L Gupta, Founder Finsys Team, graced the Dias with his presence . Sh. Sangeet Kr Gupta was of the Main Technical Speaker at event.

Sh. Rajiv Chawla, Chairman of IamSMEofIndia, was the Moderator and Keynote Speaker.

Sh. M L Gupta, Founder Finsys Team, graced the Dias with his presence . Sh. Sangeet Kr Gupta was of the Main Technical Speaker at event.

Topics Covered

1. Things you must do in April 2022 for a Better Balance Sheet, – Current Ratio, Debt Equity Ratio, DSCR Ratio
2. Term Loan repayment, is that a good idea ?
3. CC Limit vs OD limit against Property – Which is better ? and when ?
4. GST – Actions you must do now in March 2022
5. TDS and TCS – Actions you can take, to make yourself safer
6. Fixed Assets – Measure you can do, should do Now
7. Importance of Funds Flow – How to show to your management. Key Points.
8. Importance of CARO Report – many important para’s for 2022 ( First time ever )

Thanks so much for your overwhelming response!

What a great beginning to the new Financial Year!!

It was the first important Training program in this FY to help prepare our members for faster growth.

Capacity Building Program for better Accounts and Finance Management

Special Tips for Accounts and Finance for more prosperous 2022-23

An out-of-the-box program that prepared Entrepreneurs & their Finance/ Accounts Teams to make the New Financial Year stress free and prosperous, giving lessons and tips like never before, adding immense value, guaranteeing unprecedented savings.

Finsys is Proud to be Associated with IamSMEofIndia

Proud to say : IamSMEofIndia🇮🇳

UI :: How data is presented

API :: How data is fetched

LOGIC :: How data is processed

HOSTING :: How data is stored

Have a complete peace of mind with us.

Book your demo now :: sales[AT]fisnys.in

In this new year, with Finsys ERP, you can:

.cut costs by automating routine tasks.

.improve the efficiency of staff.

.increase or measure office productivity.

.streamline business operations and accounts.

.replace paper processes.

.communicate more effectively with customers, suppliers or partners.

Should you have questions about how Finsys ERP can help your company?
Send us an email on sales@finsys.in and we’ll get in touch shortly.

01 System Modularity

02 Compliance with Regulations

03 Data Security

04 Increased Efficiency

05 Better Control Over Processes

Have it all with Finsys ERP, Contact us on sales@finsys.in
Best wishes for the ending of Financial Year 2021-22 ending

Date Extended

Ministry of Company Affairs, Govt of India, has extended the Due Date of Audit Trail Applicability

Order passed in evening of 31-3-2022, made public in night of 31-3-2022

Old Decision was applicable from 1-4-2022

Each accounting transaction was mandated to have its editing history. And history that you cannot disable, edit, and remove.

And not merely this, each auditor was mandated to report whether the above was being followed

Thankfully, Govt has realised that these things are not ease of doing business. And Business cannot always work on a Razor’s Edge.

Anyway, The Ministry of Corporate Affairs (MCA) has extended the due date of Audit Trail Applicability till April 1st 2023 under the provisions of the Companies Act, 2013 by amending by notifying the rules, i.e., Companies (Accounts) Second Amendment Rules, 2022.

A notification issued by the Board in accordance with the powers conferred by sub-sections (1) and (3) of section 128, sub section (3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of the Companies Act, 2013 (18 of 2013), amended the Companies (Accounts) Rules, 2014.

The relevant notification stated that “They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Accounts) Rules, 2014,- (i) in the proviso to sub-rule (1) of rule 3, for the figures, letters and words “1. day of April, 2022”, the figures, letters and words “1st day of April, 2023” shall be substituted; (ii) in the proviso to sub-rule (1B) of rule 12, for the figures, letters and word “31. March, 2022”, the figures, letters and word “31. May, 2022” shall be substituted.”

Old Notification of 2021 was

https://www.mca.gov.in/Ministry/pdf/AuditAuditorsAmendmentRules_24032021.pdf

Later postponed to 2022

Again, now postponed to 2023

Thank God for Small mercies…

Still, get used to making your systems better and better