Topics for Financial Review Meeting – Monthly Meeting with Client Directors

Topics for Financial Review Meeting – Monthly Meeting with Client Directors

Topics for Financial Review Meeting – Monthly Meeting with Client Directors

What the topics, that a MLG team HOD must cover in the Financial Review Meeting 

( Note : This is an internal SOP.. .. the Target… many of us are already achieving these.. So, dear MLG team members,, take this as an internal note… when you prepare the Super Folder for the Monthly meeting with the Client Directors… You must see yourself this list as a Self checklist. )

In case of any Clarification, please discuss with your seniors.

Monthly Meeting with Client Directors

Profit and Loss

Preparation,  with comments and all its sheets as per MLG SOP

Fund Flow –

with comments and all its sheets, as per our SOP

Debtors with Credit
Creditors with debit
Non Moving
Stock
All owners capital accounts/current accounts
imprest accounts
all related party accounts

Portals

PPT or PDF or folder of GST returns area
PPT of GST notices and other notices
PPT of GST ITC, cash balance on the portal
PPT of TDS returns area
PPT of TDS demands on the portal
PPT of TCS area
PPT of income tax portal – demands and notices

GST

2A / 2B differences

MRR pending
CC account – interest calculations
Suspense accounts
On account receipts
On account payments
inter unit differences
Debtors Ageing 30-60-90
Creditors Ageing 30-60-90
Profitability Report – based on BOM

Last 1 month issues raised by the customer – 1 PPT each
Last 1 month issues raised by the us – 1 PPT each
PDF of Bank Reco
Sales collection Report – 48 box report
Non Moving stock Report


Suggestion to team members

for most of things, you can just keep on savings the excel
and PDF of the relevant files
from the Finsys itself
and keep them in sub folders

Folder 1

GST TDS matters

 TDS return acknowledgement / or any proof of filing
GST returns proof from portal
GST notices current status file
TDS notices
ITR notices and demands PPT

folder 2

Related party Accounts

for directors
and family members
and related companies LLP etc
and brother in law
and relatives
which areas ?
Their Loan acounts PDF from Finsys
Their imprest accounts PDF from Finsys
Their Debtor accounts PDF from Finsys
Their creditor accounts PDF from Finsys
Their any account in any category PDF from Finsys

folder 3

ESI, EPF, Labour laws matters

ESI files in PDF plus observation
EPF files in PDF plus observation
WF files in PDF  plus observation
professional tax if applicable
remember, to note down the short summary in the name of the file itself
ex, if ESI is late in two months.. Put that in the name of the file

Folder 4

Salary matters

Salary Payable accounts
unpaid salary accounts
bonus payable accounts
Directors payable accounts – Name wise
Observations on the above

Folder 5

TDS , TCS and Advance tax topics

Form 26AS – pending problems

(Customer TDS recoverable is not showing in our 26AS)
(Customer TCS recoverable is not showing in our 26AS)

Folder 6

MRR related PV related issues

MRR value vs Purchase Voucher Value
Which MRR were passed at higher rate / Qnty than the PO
due to Rate / Qnty / Freight /
report to management
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