Brightways Consulting Services

We offer the following services:

A) NPO SECTOR SERVICES

1. Accounting and Financial Reporting Advisory Services

Importance of quality accounting and bookkeeping cannot be ignored by any organization. But, at RCS, we go a step beyond. We make it our mission to ensure that as an outsourcing partner, the financial transactions of the organization and project records are kept up-to-date and accurate. This eventually translates into timely and accurate donor reporting.

RCS offers a full range of accounting, financial reporting and support services across the entire finance value chain. Our key services include:

• Creation of chart of accounts in the accounting system, line with the Donor’s reporting requirements

• Setting up accounting on automated accounting software like QuickBooks, Peachtree, etc.

• Preparation of period donor reports, annual or periodic financial statements in accordance with accounting and reporting standards and donor requirements

• Project budgeting and cash flow forecasting

• Preparation of Standard Operating Procedures for various functional areas of Finance

• Preparation of fixed assets register

• Accounts receivable and payable management

• Preparation of bank reconciliations

• Advisory and assistance services related to accounting and related matters

1. Audit Advisory Services

2. Pre-audits, post audits and compliance reviews:

We have significant experience of providing assurance and advisory services to NPO’s executing projects of International Donor Organizations.

Due to this profile of our unparalleled team of professionals having understanding of various international donor agreements, regulations, and compliances, organizations can avoid costly audit findings and obtain benefits from early identification of serious shortcomings.

Similarly, outsourcing the handling of audit will save the organization from the hassle of handling the external auditors and from the inconvenience of post audit compliance procedures.

1. Pre-award Assessments / Systems Review Services

Before signing a grant contract, donor organizations require assurance on the capacity and performance of the recipient organization. Pre-award assessments and systems review procedures are considered as the most effective methods for ascertaining the capacity of the recipients.

We have assisted various international donor organizations in selection of the recipient and sub-recipient organizations.

1. Verification Services

We provide number of verification services including the following:

Inventory counts:

Accurate determination of the quantity of inventory items in hand, at any stage of the project, is of crucial importance. This will ensure effective inventory management, implementation of internal control procedures, efficient distribution, and accurate donor reporting and compliance.

Fixed asset counts and tagging:

Whether it be for donor reporting, assets transfer, accounting compliance, loss of control, or proper stewardship of assets, tracking and accounting for fixed assets can be a challenge. Our service in this domain includes:

• Preparation of fixed assets register

• Physical count and verification of fixed assets

• Tagging of fixed assets

1. Trainings (Donor reporting, audits, accounting, grant management etc.)

Information is a source of learning. But unless it is organized, processed, and available to the right people in a format for decision making, it is a burden, not a benefit.” C. Willam Pollard

We offer consultancy services in conducting Training Needs Assessments (TNA) for organizations, to help them in identifying the skills gap required in the areas of Finance, particularly donor reporting, audits, accounting, grant management.

Not only this, we can help you in designing and providing customized training programs and performing Post-Training Effectiveness Evaluation.

B) CORPORATE SECTOR SERVICES

1. Audit, Accounting and Corporate Advisory Services

Our team is fully equipped to help you in the broad range of services including the following:

• Full range of accounting, financial reporting and support services across the entire finance value chain.

• Audit advisory and assistance services

• Corporate advisory services (formation of companies, statutory compliances, filing of returns etc.)

1. Accounting of Retirement Benefits (PF, GF, Pension, WPPF)

Responsible management and oversight of employees’ retirement fund money is one of the most important promises a company can keep. At RCS, we have a team of experts focused on ensuring employee benefit plans are managed responsibly and accurately.

Our expert’s team will help you in understanding new and evolving legislation and its impact on reporting requirements to the Regulators. Our domain of services in this area includes:

• Creation of chart of accounts in the accounting system

• Setting up accounting on automated accounting software like QuickBooks, Peachtree, etc