As if managing cashflows wasn’t already a arduous task for a business, the Corona Virus (COVID-19) Pandemic has made this even more challenging and demanding.

Substantially the success of a business depends on a great degree on how well it manages its cashflows and during the times of this crisis, all the businesses are facing varied degree of inconvenience in managing their cashflows depending upon their size and the cash reserve they already hold.

To manage cashflows effectively,first of all we need to know how much cash will be compulsory in the near future to run the operations.Forecasting needs absolute awareness of how much payment obligations do I have in the upcoming weeks thinking about the current amount of cash reserves and expected collections at the same time.
Besides, it just doesn’t finish with making a forecast. The most essential part is to examine it continuously and making sure that we reconsider the forecast whenever the situation unfolds.
Cutting out the inefficiencies has always been a censorious success factor for the businesses. The time of this worldwide hazard has not only compelled but also given an opportunity to the businesses to reconsider as to what inefficiencies exist in their business and to demonstrate a plan to get rid of them.
While inspecting this, we should not forget that different businesses have different fundamentality when it comes to expenses. yet, one thing which is sure for every business is that these extremely important expenses cannot be repudiated. An instance of the extremely important expense may requiere a front-end employee which generate the income for the business. Other things may also contain expenses like IT infrastructure cost, if the business is run virtually.

In this situation we Arun K Sharma & Associates stands with you and help tou to manage your cash flow by managing your compliance part.We offer below services to all business, GST Services,Accounting Services ,Income tax Compliance,payroll Compliance and Audit and Assurance services.