Enumerated below are the range of activities carried out as a part of administration of PF/ Gratuity/ SuperAnnuation and other Trust Management

Activities:

• Member Balance Management:
  • Calculation and updation of monthly / annual contributions
  • Updation of Transfer In, Loan & Withdrawals
  • Preparation of Full and Final Settlement and calculation of Tax thereon.
  • Calculation of  interest on the balances.
  • Calculation of member closing balances after incorporating all the above transactions

• Trust Investments Management:
  • Update the investment schedule on account of purchase, sale and redemption of securities.
  • Monitor the interest and redemption proceeds of securities.
  • Reconciliation of Investment Account and the D-Mat account

• Accounting and Audit:
  • Maintain the Books of accounts of the trust by way of incorporating all the transactions in member balances and investments.
  • Bank & other account Reconciliation.
  • Prepare the final trust accounts and get them audited from the independent Chartered Accountant firm.

Reports:

• Member Balance Management-
  • Annual Individual Member slip depicting all the transactions of the year
  • Annual Member register depicting all the transactions of the month/ year
  • Transfer IN, Settlement, Loan & Withdrawal registers and reports

• Trust Investments Management-
  • Monthly MIS for Interest and redemption due for all securities
  • Monthly report showing investment pattern so as to monitor the ratio of investments as stipulated in the governing law.
  • Updated Investment Register detailing all the securities.

• Accounting and Audit:
  • Accounts for review and decision making of the trustees
  • Bank & investment reconciliation statements.
  • Fund flow and Cash flow statement for analysis
  • Final audited Books of Accounts.

Statutory Compliances:

• Form no. 4,5,6,7 & 8 as per requirement of the PF rules
• Annexure A on monthly basis