Facilities Management
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Facilities Management
We have an experienced chartered accountant who worked as senior compliance officer with experience in managing and providing solution to the all tailored problems with the facilities management industries.
Problem areas
- No proper decoding of project wise contract and it’s terms
- Incorrect classification and allocation of expenses to relevant project and which will leads to inaccurate project wise report.
- Lack of proper usage of different cost center and which will leads to wrong report.
- Variation in the stock maintaining in different project site
- Misuse of petty cash allocated for different project
- Allocation of manpower cost without maintaining proper timesheet.
Solutions & Recommendations
- Proper understanding and classification of contract terms and conditions with proper communication with operation and legal teams as required.
- Competent or Customized software in order to recording of transactions with proper cost centers and project wise matching with the company requirements.
- Planning and execution of different policies and procedures like petty cash/ payable policies procedures.
- Proper recording and interval physical verification of petty cash and inventories.
- Accurate maintaining of timesheet with proper recording of movement of staff within projects and allocation cost based on the same.
- Ensure the timely monthly closure and preparation of accurate month wise project report and cross check the same with operation and project in charge team.