The cash flow of a business is a critical measure that determines the financial health of a business. We undertake cash flow management effectively to stay financially stable and avoid financial challenges. Our company takes efforts in building comprehensive business finance plans that begin from budgeting, accounting, include future prediction, tax planning and entails risk management. We analyze at periodic intervals our accounting reports and financial statements to check our business performance. This helps us evaluate our progress on the roadmap to our financial goals.

Pharmalab follows ethical financial procedures that comply to the Indian and global regulations including structured taxation system levied by both the state and the central government of India. Different direct and indirect taxations including GST, corporate tax, Register of Companies (ROC) filing are processed timely. We adhere to various policy changes implemented by the government along with procedural simplifications from time to time. Our focus is always on hundred percent compliance to local, national and global financial regulations.

Presently, accounting is managed through software programmes which has eased our credit and debit monitoring enabling us to maintain accurate accounting. In our organization, Financial Management Information System (FIMS) are employed as a key fiscal management tool to generate periodic, relevant, and reliable financial data and reports. This betters the financial decision making for managers and maintains fiscal discipline, expenditure control, and promotes transparency.

I am thankful to the management for their trust and confidence vested in our department. We look forward to supporting Pharmalab in all its future endeavours.

Samir Patel
Manager, Accounts
Pharmalab, Santej (Gujarat)