What are accounting and reporting services?

Accounting and reporting services help businesses maintain accurate books, prepare reliable financial statements, manage month end close, reconcile accounts, build management reports, and stay ready for audits, lenders, investors and internal decision making. This goes well beyond just recording transactions.

How is this different from regular bookkeeping?

Bookkeeping is about recording transactions accurately. Accounting and reporting services go a step further, ensuring reconciliations are clean, month end close is disciplined, financial statements are audit ready, and management actually has reliable numbers to work with, not just a maintained ledger.

What does Contetra support under accounting and reporting?

Bookkeeping review, monthly close, reconciliations, financial statement preparation, MIS reporting, audit schedules, accounting memos, reporting packs, consolidation support and broader finance process improvement, all tailored to where the business currently stands.

What are common signs that accounting and reporting needs attention?

Delayed month end close, unreconciled balances, heavy reliance on Excel, MIS numbers that do not add up consistently, recurring audit observations, unclear ownership of reporting tasks, manual processes, weak documentation, or simply struggling to close financial statements reliably on time.

Can Contetra help prepare financial statements?

Yes. This includes schedules, notes, reconciliations, management reporting packs and audit support documentation, scoped to the company's accounting framework and specific reporting requirements.

Does Contetra support Ind AS, IFRS or US GAAP reporting?

Yes. Contetra supports accounting and reporting matters across Ind AS, IFRS and US GAAP, including accounting memos, reporting adjustments, financial statement preparation, audit support and technically complex accounting areas.

Does Contetra support audit readiness?

Yes. This includes preparing schedules, reconciliations, supporting documentation, accounting memos, financial statements and structured responses to auditor queries, so the audit process moves faster with fewer back and forths.

Can accounting and reporting services actually improve management decisions?

Yes. When the numbers are accurate and timely, management gets a clearer picture of profitability, costs, cash flow, working capital, and performance across business units, which directly improves the quality of decisions being made.

Who should use accounting and reporting services?

Growing businesses, founder led companies, CFO teams, finance heads, startups, subsidiaries and offshore entities. Essentially any organisation that needs stronger accounting discipline, better reporting quality, or audit ready finance processes.

Can Contetra work alongside our existing finance team or auditors?

Yes. Contetra typically works alongside the existing finance team, CFO, auditors or accounting partners, strengthening reporting quality, close discipline, documentation and controls rather than replacing what is already in place.

Does Contetra work with specific accounting software or ERPs?

Contetra works across commonly used accounting and ERP systems, adapting to whatever platform the business already runs on, rather than requiring a switch in systems before engagement can begin.

Is a one time clean up possible, or is this always an ongoing engagement?

Both are possible. Some businesses need a one time clean up of books, reconciliations or a specific audit cycle, while others prefer ongoing support for close, reporting and controls. The scope is typically set based on what the business needs at the time.

How can Contetra help reduce delays during an audit?

By identifying the actual causes of delay, prioritising critical accounts and schedules, organising supporting evidence, tracking open queries and establishing clear ownership for outstanding items. Contetra also looks at recurring issues so the same delays do not repeat in future reporting periods.

What is a PBC list, and can Contetra help manage it?

A PBC, or Prepared by Client list, contains the documents, schedules, reconciliations and supporting information requested by auditors. Contetra can help organise the PBC list, assign responsibilities, prepare or review schedules, track submissions and manage open audit queries.

Do you provide month end, quarter end and year end close support?

Yes. This includes close calendars, account ownership, reconciliations, accruals, provisions, roll forwards, review controls, issue tracking and completion monitoring across each close cycle.

Can Contetra prepare audit schedules and account reconciliations?

Yes. This can include lead schedules, balance sheet reconciliations, roll forwards, supporting calculations, account analyses and other audit ready documentation needed to substantiate balances reported in the financial statements.

Can you help resolve technical accounting questions raised during an audit?

Yes. Contetra reviews the facts, the applicable accounting framework, calculations, supporting documentation and financial statement implications, and can help prepare reviewable workings or accounting documentation to support discussions with auditors.

How do you handle recurring audit observations?

Contetra looks beyond just closing out the immediate query. Recurring observations are analysed to identify root causes, followed by improvements to SOPs, controls, ownership, systems, documentation or training, so the issue is less likely to come back in future periods.

Can you support a company undergoing its first audit under a new accounting framework?

Yes. This includes identifying reporting requirements, reviewing accounting positions, preparing supporting schedules and helping organise the audit evidence needed for that reporting period, whether it is a first time audit or a transition to a new framework.

What does close governance involve?

Establishing a reporting calendar, defining account and task ownership, identifying dependencies, setting review controls, tracking completion, escalating unresolved issues and making sure critical activities finish within the reporting timetable.

Can Contetra work alongside our internal finance team and statutory auditors?

Yes. Contetra works as an extension of the finance team while coordinating defined audit support activities. Management and the statutory auditor retain their respective responsibilities, while Contetra helps organise schedules, evidence, accounting workings and open item tracking.

Can you support only a specific audit or close workstream?

Yes. The engagement does not need to cover the entire close or audit. Contetra can take on a defined workstream such as PBC coordination, reconciliations, lead schedules, technical accounting matters, close tracking or remediation of recurring audit observations.

What is Contetra's audit readiness and close acceleration process?

The process generally starts by diagnosing close and audit bottlenecks. Critical accounts, schedules and technical matters are then prioritised, followed by transparent tracking of completion and audit queries. After the reporting deadline, recurring causes are addressed through process, control, system and documentation improvements.

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Cash Position

Working Capital

On Track

Margin Mix

Reviewed

Audit Support and Close Acceleration That Reduces Last-Minute Reporting Risk

Audit delays are often symptoms of a close process that relies on late reconciliations, unclear schedules, unresolved technical issues and fragmented ownership. Contetra helps finance teams organise the evidence, resolve accounting questions and create a more predictable close and audit cycle.

We can support a specific reporting period, a first audit under a new framework or a broader remediation programme for recurring observations and close bottlenecks.

Move from reactive audit response to a controlled close and evidence process.

Audit Support and Close Governance Services

Close Calendar and Governance

Calendar, dependencies, account ownership, review controls, issue escalation and completion tracking.

PBC List and Audit Coordination

Request lists, evidence standards, schedules, status, responses and open-item governance.

Technical Accounting and Reconciliation Support

Technical issues, lead schedules, account reconciliations, roll-forwards and documentation.

Recurring Close and Audit Remediation

Root-cause analysis, SOPs, controls, system improvements, training and future-period readiness.

Our Audit Readiness and Close Acceleration Process

Step 1Diagnose close and audit bottlenecks.

Step 2Prioritise critical accounts, schedules and technical issues.

Step 3Run a transparent completion and query tracker.

Step 4Remediate recurring causes after the reporting deadline.

Audit Support & Close Acceleration FAQs

Audit support and close acceleration help finance teams organise the period end close, prepare audit ready schedules and evidence, resolve accounting issues, and manage auditor requests more efficiently. The goal is to reduce last minute reporting pressure and create a more predictable close and audit cycle.

Make the next close and audit cycle more predictable

Review the current calendar, open items and recurring delays with our accounting team.

Discuss Immediate Audit Support