About the Company

Industry: Hospitality (Patisserie)

Type: Privately Held

Deliciae is a renowned patisserie brand in Mumbai, started by Bunty Mahajan. Known for their exquisite custom cakes and desserts, the brand has become synonymous with luxury confections, offering gourmet cakes for weddings and events, as well as an array of other desserts such as cupcakes and tarts. Over the years, Deliciae has grown into one of Mumbai’s most reputed patisserie brands, recognized for its commitment to quality and innovative design.

Problem Statements

Compliance issues: Deliciae faced challenges with compliance in its accounting practices, leading to financial reporting errors and potential legal risks.

FMS inefficiency: The company struggled to fully utilize its financial management system (FMS), which resulted in inaccurate reporting and difficulties in tax filings.

GST filing issues: Inaccurate GST filings due to FMS and compliance problems led to penalties and fines from the government.

TDS discrepancies: Deliciae faced issues with Tax Deducted at Source (TDS), resulting in incorrect tax payments and reports.

Our Solution

Compliance solutions: We helped Deliciae understand and adhere to accounting standards, improving their compliance procedures to avoid future issues.

FMS optimization: Our team reviewed and optimized Deliciae’s FMS, ensuring accurate financial reporting and better management of financial operations.

GST filing accuracy: We implemented a structured system for accurate GST filings, preventing future penalties and ensuring compliance with tax regulations.

TDS resolution: We addressed Deliciae’s TDS discrepancies by introducing processes to ensure correct tax deductions and reporting.

Results

Improved compliance: Deliciae achieved full compliance with accounting standards, reducing financial risks and ensuring accurate reporting.

Accurate financial reporting: The optimized FMS allowed for precise financial reports, providing management with better insights for decision-making.

Successful GST filings: The new system ensured accurate GST filings, helping Deliciae avoid penalties and fines.

Resolved TDS issues: The TDS system was corrected, ensuring accurate tax payments and reducing discrepancies.

Benefits and ROI

Financial accuracy: With compliance and FMS issues resolved, Deliciae gained accurate financial insights and improved decision-making.

Cost savings: The resolution of GST and TDS issues helped Deliciae avoid penalties, resulting in significant cost savings.

Operational efficiency: Streamlined financial processes enabled Deliciae to focus on core business operations while maintaining financial accuracy.

ROI: Our Accounts and Financial Management services provided Deliciae with greater financial accuracy, improved compliance, and streamlined operations, positioning them for continued success in the patisserie industry.