Desai Madlani & Associates

26/05/2026

“Can technology alone build a successful MSME? Or is human talent still the real growth engine?”

In today’s rapidly evolving business environment, MSMEs are constantly balancing investments between automation, digital tools, and skilled manpower. While technology improves speed, compliance, and efficiency, human talent continues to drive innovation, decision-making, and sustainable growth.

Smart Technology + Skilled People = Stronger MSMEs

Checkout my latest blog for recommended investment priorities with MSME growth stage and much more on https://desaimadlani.com//blog/technologies-and-human-talent-where-should-msmes-invest-more

30/03/2026

Critical Financial Checks Before Closing Books on 31st March.

As the financial year ends, most businesses focus on finalising turnover and profit. However, experienced CAs know that year-end adjustments determine the real financial position, not just the trial balance.

Here are some critical checks we typically advise clients before finalisation:

Revenue & Receivables
- Review ageing of debtors and identify doubtful debts
- Pass provision entries where recovery is uncertain
- Reconcile major customer balances

Expenses & Liabilities
- Book all expenses related to financial year (accrual basis)
- Verify outstanding expenses and statutory liabilities
- Check MSME creditors disclosure requirements

Compliance Review
- GST reconciliation (GSTR-1 vs GSTR-3B vs books)
- TDS reconciliation (returns vs ledger vs Form 26Q/24Q)
- Advance tax and self-assessment tax review

Assets Review
- Physical verification of inventory
- NRV testing for slow/non-moving stock
- Fixed asset register update and depreciation check

Financial Hygiene
- Loan balance confirmations
- Interest provisioning on borrowings
- Related party transaction review
- Capital vs revenue expense classification review

Strategic Review (Mostly ignored)
- Gross margin analysis
- Expense ratio analysis
- Working capital cycle review

The best businesses I have seen do one thing differently:
They treat March as a financial audit of business decisions, not just accounting closure.

Because :
Bad books increase tax risk.
Average books give compliance.
Clean books give control.

Serious question for business owners:
Are you just closing accounts…
Or are you strengthening your financial foundation?

10/03/2026

The Income Tax Department has recently conducted a nationwide verification exercise in the Food & Beverage sector focusing on possible suppression of turnover. Restaurant owners may consider reviewing the following compliance areas to avoid future disputes:

• Reconcile All Sales Channels
Ensure sales recorded in books match with POS systems, payment gateways, bank statements, and food delivery aggregators.

• Check Aggregator Reports
Regularly reconcile settlement reports from delivery platforms after considering commissions, discounts, and refunds.

• GST vs Income Tax Turnover Matching
Verify that turnover reported in GST returns and Income Tax filings is properly reconciled with financial statements.

• Record All Modes of Payment
Confirm that cash, UPI, cards, wallets, and online orders are completely recorded in accounting systems.

• Maintain Proper Documentation
Keep daily sales reports, aggregator statements, POS summaries, and bank reconciliations readily available.

• Review Books Before Filing Returns
Before filing tax returns, conduct a comprehensive turnover reconciliation to avoid discrepancies later.

• Correct Errors Early
If any mismatch is identified, consult your tax advisor and take corrective action at the earliest.

31/01/2026

Pre-Budget discussions for MSMEs usually focus on what the government should do.

Equally important is asking: Are our businesses operationally prepared to absorb growth and change?

Operational risks—dependency on people, weak processes, supply chain gaps, data risks—are silent profit killers for MSMEs.

Sharing a quick, practical read on how MSMEs can identify and fix operational risks early.

https://desaimadlani.com//blog/operational-risks-in-msmes-problems-that-can-be-solved-early

Because Budget support works best when internal systems are strong💪

Desai Madlani& Associates is a new venture by young & energetic Chartered Accountants who have delivered their services in the Banking Services for more than a decade.

27/08/2025

May Vighnaharta Ganesh takes all your worries and bless each one of you with tons of happiness. Ganpati Bappa Morya🙏

Michhami Dukkadam 🙏

14/06/2025

“Sales Team will get you orders, but only working capital will deliver those orders profitably.”

Getting more orders is great.
But can your business fulfill them profitably?
Let’s talk about working capital — the unsung hero of MSMEs.

For more details checkout this latest blog : https://desaimadlani.com//blog/keep-your-business-cash-flowing-smart-working-capital-tips-for-msmes



Mentoring MSMEs, क्योंकि चलेगी MSME तभी तो बढ़ेगी INDIA की ECONOMY 📈🇮🇳

Desai Madlani& Associates is a new venture by young & energetic Chartered Accountants who have delivered their services in the Banking Services for more than a decade.

14/05/2025

Smart Borrowing for MSMEs: Do’s and Don’ts 💼💡

Taking on debt can fuel your business—but only if done right. Here's a quick guide to what you should and shouldn’t do when considering debt financing.

✅ Plan before you borrow
❌ Don’t take loans without clear repayment capacity
✅ Use debt for growth, not survival

Make informed financial decisions that lead to sustainable growth.

🔗 Read the full blog:

https://desaimadlani.com//blog/should-you-take-that-loan-a-guide-for-msmes

Mentoring MSMEs, क्योंकि चलेगी MSME तभी तो बढ़ेगी INDIA की ECONOMY ✅

Desai Madlani& Associates is a new venture by young & energetic Chartered Accountants who have delivered their services in the Banking Services for more than a decade.

18/11/2024

"Strong businesses are built on sound decisions, especially when it comes to finances"

Many small and medium businesses (MSMEs) aim to grow but face financial challenges. One big hurdle is not being able to afford a full-time CFO, even though expert financial guidance is crucial.

Without this support, businesses often struggle with key decisions like managing cash flow, planning for growth, or handling risks.

A Virtual CFO is a simple solution to this. They bring the skills and experience of a CFO but work part-time or on specific projects, making it more affordable. This way, MSMEs get the expert advice they need to succeed, without overstretching their budgets.

The Essence and Importance of a Virtual CFO:

👉 Expert Guidance When You Need
👉 Clear Financial Direction
👉 Budget-Friendly Solution
👉 Customized Help
👉 Early Risk Management
👉 Flexible Support
👉 Focus on Growth

A Virtual CFO is not just an advisor—they are a trusted partner who helps you make smarter decisions and move your business forward ✅

Desai Madlani & Associates
Chartered Accountants

Send a message to learn more

01/11/2024

🌟 New Year, New Financial Goals! 🌟

As we turn the page to a new year, it’s the perfect time to set financial resolutions that can lead us toward a secure and prosperous future. Investing is one of the best resolutions to make because it empowers us to grow wealth, plan ahead, and stay financially disciplined.

Check out our video for practical steps on how to set achievable financial goals, choose the right investments, and build wealth over time. Let’s make this year one of growth and financial success!

https://youtu.be/Q5HtTe7u1_I

On huge public demand, first time I have designed Video mix in Hindi and English language to help beginners kickstart their investment journey with simple, actionable steps. It’s all about making investing easy to understand and accessible to everyone !

Happy New Year 🥳

CA Ami Desai
Ahmedabad

🌟 New Year, New Financial Goals! 🌟As we turn the page to a new year, it’s the perfect time to set financial resolutions that can lead us toward a secure an...

20/10/2024

🚀 Empowering MSMEs: Government Finance Schemes You Should Know! 🚀

Are you an MSME looking for financial support to expand, innovate, or overcome challenges? The Government of India has a variety of finance schemes designed specifically to support your business growth! 💼

In my recent article, published by Bhuj Branch of the Instituate of Chartered Accountants of India, I’ve summarized the key MSME finance schemes that could be game changers.

These schemes are designed to boost liquidity, provide credit access, and promote innovation. Don't miss out on these opportunities to take your business to the next level!

Read the full article to explore which scheme is right for you! 🔜

Thank you Jagdishh Hirani, Chairman, Bhuj branch for giving me this opportunity!