How does IDOS facilitate compliance?
Internal financial controlsIDOS has an in-built capability, which enables the organization to achieve reasonable assurance regarding the following aspects in the accounting and reporting process:
the reliability and integrity of accounting & financial data
compliance with policies, procedures, laws and regulations
efficiency in operations and reduced turnaround time
Further, IDOS enables organizations to customise these capabilities to seamlessly integrate them with internal control processes which are specifically suited and designed for that organization.
GST / VAT / CESS / withholding tax / TDSComputation, accounting and compliance to taxes is a major challenge faced by every business. The staff managing these functions need to be well versed with these regulations and ensure that the tax regulations are adhered to and accurately accounted, so as to facilitate timely and accurate filing of the returns. IDOS enables the business in accurately computing, accounting and reporting of these taxes, whereby the software automatically, identifies the applicable tax, tax percentage, computes the tax and accounts it in appropriate ledgers, within seconds. It provides email alerts to the users to facilitate timely filing of tax returns.read more