Objective of study

With the help of this report, the firm intends to enhance its working capital
management, goods and services tax compliance, and tally procedures .
 To obtain work experience with the company and learn more about the
relevant topics in real life.

 To enhance communication skills in work.

 To actively watch and take part in business operations to help with decision-
making.

 Make a connection with a professional mentor who may act as a source of

direction, criticism, and encouragement as well as a professional role model.
putting principles and theories of business into practise in actual
circumstances.

 To deepen and broaden one's understanding of a particular branch of

accounting.

 To gain knowledge about tally prime, working capital management, and other
relevant subjects.

 To familiarise oneself with applications and websites like tally. My future

career will have a strong base once I finish this internship.

Executive summary

This report was produced as part of an internship at Aclegit Consulting Private

Limited. It is a private limited company and one of the top chartered accounting
firms
in the country. It offers a wide range of professional services, including audit,
management consulting, tax consulting, accounting services, personnel management,
secretarial services, and others.

I covered the firm's history, from its founding to its present position, in this. I have
talked about how the company operates and its numerous departments. Since I
worked in the accounts department during my internship, my report contains
additional details regarding that division of the company.

The purpose of an internship is to gain experience while learning in a hands-on setting

by putting principles from the classroom to use in challenging scenarios. It contains
details regarding the work I did and what I learnt from it, as well as a work analysis of
the department where I worked.

I did a SWOC study of the business. I carried out an analysis using the concepts from
my theory. In this investigation, I found both internal and external elements that have
an impact on the firm.

The report concludes with conclusions and recommendations based on the swoc
analysis. I hope the readers find this report useful.
Overview of the organisation

Profile

Shivanand Hipparagi and Chethan Jeevandas Nayak formed the private enterprise
Aclegit Consulting Private Limited. They incorporated it on January 12, 2021. It is a
renowned firm of chartered accountants that offers a broad range of professional
services, including audit, management consulting, tax consulting, accounting services,
personnel management, secretarial services, and more.
The company is well managed. Reputable chartered accountants, a company
secretary, corporate finance experts, and tax specialists make up the team. The
company is an amalgam of specialised abilities designed to offer reliable financial
guidance and customised proactive services. The organisation is able to stay up to
date on advancements and satisfy the needs of its clients since those connected to it
frequently engage with specialists in the industry and other fields.

A wide range of public and private enterprises, non-profit organisations, educational

institutions, single proprietorship concerns, banking and financial institutions, NHIs,
firms, and executives are served by our chartered accounting firm. We have helped
countless Indian businesses as an auditing firm. Infrastructure, automotive, building,
engineering, finance, hotel and restaurant, educational, textile, healthcare, energy, and
retail are a few of the sectors with clients in them. In order to assist clients with their
business operations and growth, it shapes its operations and areas of competence and
introduces services.

Competitors

There are numerous competitors, as there are numerous other chartered accounting
firms throughout the state and country.
Services offered:

The firms give various services like:

SERVICES FOR AUDIT AND ASSURANCE:

-Tax audits

-Audits under indirect taxes

-Information system audits

-Stock audits

-Management audits

-Agreed upon procedures engagement

-Due diligence audit

-Statutory audits

BUSINESS ESTABLISHMENT SERVICES

-Goods and Services tax

-Incorporation of companies

-Registration of trusts and societies

CONSULTANCY SERVICES

-Direct tax

-Indirect taxes

-Corporate laws

COMPLIANCES

-GST

-TDS & TCS

-Income tax

Departments of the company

 1. Audit and assurance department

The company offers audit and assurance services to a wide range of clients,
including partnerships, limited businesses, and non-profit organisations.
Additionally, the company completes unique tasks like management audits,
internal audits, and investigations. While keeping fundamental audit methods that
check the information in financial statements, audit focuses on business
difficulties and issues that may have an influence on financial statements. The
services are created to adhere to the standards set out by India's numerous laws
and regulations. The company does this by not only identifying non-compliances
but also helping clients to fix them, coming up with solutions, and offering advice
to assure compliance with rules and laws.

2. Tax and corporate department

The company will help clients get the best tax breaks provided by the law by
delivering taxation services to them. Additionally, the company helps clients
comply with tax laws and regulations and keeps them informed of new
developments and modifications. Tax experts are knowledgeable, professional,
and qualified employees. We keep a significant tax library on which we can
provide quick references and appropriate solutions in challenging conditions. The
company provides a broad range of tax services, which includes preparing and
submitting annual tax returns. Services for compliance tax advisory services.
representation of tax officials and legal action Individual tax preparation services

Internship programme
 Job description

I've done everything I can to develop my abilities and put what I've learnt to use.
The company in-charge gave me instruction on TDS returns and computerised
accounting in Tally software on my first day working for the company. He also
shared his practical experience and taught me multiple techniques for this
approach. He also demonstrated to me how to file a VAT/GST return and how to
input information into a software used to create income tax returns.

Various tasks that I completed during my internship:

1. Vouching
2. Preparing books of accounts in tally
3. Voucher Entry
4. Preparing Data in Excel Sheet
5. Prepare Projected and other Balance Sheet
6. Auditing
7. Taxation
8. Theoretical learning of different type of Taxation and GST
9. Maintenance of accounts/ book keeping.
10. TDS returns preparation

Software used during internship

1. Ms office
2. Tally software

Learning outcomes

I had the chance to learn from actual experience because of the internship research
project that St. Joseph's College gave me. My work there helped me develop a sense
of responsibility and taught me how to manage office tasks and maintain effective
contact with both clients and coworkers. My learning from this encounter helped me
put theory principles into practise. I gained a broader understanding of MS Office and
Tally. I discovered how the CA firm operates.

The internship assignment helped me improve and strengthen my skills, talents, and
areas of strength and weakness as I finished my training. It also taught me how to
handle pressure at work. I gave myself a deadline to complete the vouching process
and to finish 5 to 10 files from diverse clients. Due to the strong work pressure I was
experiencing, I initially found it difficult to achieve my goal, but as the days went by,
I was able to finish the task by the deadline.

My employment required me to sift through roughly 20 boxes of papers each week,

per the process. When I pick up a client's file, I have to verify the documents to see if
they are authentic or standard, then I have to review the list of documents to make
sure that each one is accurate and actually present, and last I have to double-check the
hard copies of the documents. paired with the clients' associated bills

Swoc analysis
The fundamental objective of SWOC analysis, in the majority of cases, is to
identify the internal strengths, weaknesses, opportunities, and problems so that we
may focus on the right opportunities moving forward.

Strength of the company

• It is renowned for its reliability and skill.

• It runs a profitable business with a sizable percentage of recurring
services that produce steady income.
 • It offers a positive work environment for employees; • It has good
client relationships and devoted customers;
• The business is debt-free.
• The staff has experience and is knowledgeable about these concepts.

Weakness of the company

 There is a lot of manual work

 There is a lot of paper work
 There are few number of employess so it is very difficult to handle lot
of works
 Most of the clients doesn’t know this firm

Opportunity

 Ca firms are in high demand since everyone operates with money.

 The new tax laws may significantly alter how businesses are run and
may offer new chances for reputable companies like CA to increase their
profitability.
 Since there are only a few employees and it is a sole proprietorship, there is a
lot of physical work to be done. As a result, the company may expand and hire
more staff.
 • Increase in indirect tax compliance: Since the Goods and Services Tax was
implemented by the Indian government, numerous businesses have sought the
assistance of CA firms for financial advice and GST compliance..

Challenges
• Competitors: Due to the large number of competing chartered accounting
companies, the organisation may be impacted by the fierce competition.

• The market is quite dynamic and there are many competitors, making it challenging
to retain clients.

• There is more documentation, and because it is placed in offices and warehouses,

there is a risk of fire and theft.

• Data privacy: Since it incorporates private information from various businesses, data
privacy is essential.

Recommendation

The business can take advantage of market opportunities by playing to its strengths
while retaining its integrity in the face of market dangers.

The company might experience difficulties in the market as a consequence of its

flaws, and it might pass up marketing chances as a result of its shortcomings.

The business should make an effort to utilize its strengths and reduce its flaws.
Additionally, it ought to make an effort to seize diverse chances and fend against
threats.

Conclusion

The firm has a strong customer base and a positive reputation in the community. The
business should concentrate on providing its services and narrow its scope of
knowledge. The company needs to employ the necessary specialists to manage the
task. The company should make an effort to grow and take over a sizable market in
order to attract more clients and experience quick growth. Clients should receive
extra advantages, such as cost savings,Workplace efficiency, productivity, etc. The
organisation needs to prioritise networking if it wants to broaden its market reach. In
order to satisfy a variety of clients and support business expansion, the company
should offer efficient and effective services. By focusing on improving its strengths
and minimising its faults, the company can work to expand.