Process, internal audit and controls advisory for businesses that are growing
T S Soni & Associates is a chartered accountancy practice in Mumbai. We work with MSMEs and with service companies of ₹50 crore to ₹1,000 crore turnover on how work actually flows through the business: who does what, what is checked, and what is written down.
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Order to CashO2C
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Record to ReportR2R
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Hire to RetireH2R
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Source to ContractS2C
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Issue to ResolutionI2R
Five of the fourteen process cycles we review. See all of them.
Who we work with
Two kinds of business, with one thing in common: the way they worked at a smaller size has stopped fitting.
Micro, small and medium enterprises
Owner-run businesses where most of the process lives in a few people's heads. Typical concerns:
- Customers pay late and nobody owns the follow-up
- The owner approves everything, so everything waits for the owner
- New hires take months to become useful because nothing is documented
- Lenders and larger customers ask for controls and reports the business cannot yet produce
Service companies, ₹50 crore to ₹1,000 crore turnover
Companies with a finance team, an auditor and often a board that expects assurance. Typical concerns:
- Internal audit that covers the risks that matter this year, with a defined scope
- Internal financial controls that are documented, tested and ready for the statutory auditor
- Revenue, billing and collection processes that have not kept up with volume
- Roles and approval limits that are unclear after rapid hiring
Practice areas
Each engagement starts with an agreed scope and ends with a written report or document set that the business keeps.
Process review and streamlining
We map a process as it runs today, find where time, money or control is lost, and redesign it with the people who operate it.
Scope-based internal audit and reviews
Reviews of a chosen process, location or risk, with the scope fixed up front so the cost and the output are known.
Internal financial controls and SOX
Risk and control matrices, design and operating-effectiveness testing, and remediation support under the Companies Act and SOX-style frameworks.
Business process documentation
Process maps, SOPs, and roles and responsibilities that support redesign, delegation, onboarding and succession.
Readiness for higher volumes
An assessment of which processes will fail first when volume doubles, and a plan to strengthen them before it does.
AI and automation training
Workshops that help owners and teams use AI and automation tools in finance and operations, with the controls that should go with them.
Advisory for MSMEs
Receivables, working capital, simple controls and a compliance calendar, at a scale and cost suited to smaller businesses.
Accounting, taxation and compliance
Reconciliations, financial statements, income tax and GST work for the businesses we advise.
Process cycles we review
Every business runs on a handful of end-to-end cycles. We look at each one from its first step to its last, across departments.
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Order to CashO2C
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Quote to CashQ2C
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Record to ReportR2R
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Source to ContractS2C
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Hire to RetireH2R
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Idea to MarketI2M
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Issue to ResolutionI2R
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Plan to ProduceP2P
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Lead to ProspectL2P
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Claims to SettlementC2S
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Asset to RetirementA2R
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Budget to PlanB2P
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Design to BuildD2B
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Logistics to DeliveryL2D
Articles for MSMEs and growing companies
Plain-language notes on payments, processes and controls.
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Delayed payments to micro and small enterprises: what the law gives you and how to use it
The MSMED Act caps credit to micro and small suppliers at 45 days, adds compound interest on delays and now costs the buyer a tax deduction. A practical guide for both sides of the invoice.
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Document the process before you hire: why growing firms stall at the same point
Adding people to an undocumented process adds confusion faster than capacity. What to write down first, how much is enough, and how it turns into roles and responsibilities.
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Order-to-Cash in a service business: seven places where cash gets stuck
Service companies rarely lose money through theft. They lose it through work that is never billed, billed late or billed wrongly. Seven points in the Order-to-Cash cycle worth checking.
About the firm
The practice is led by CA Tejas Soni, who also holds LLB and DISA (ICAI) qualifications and is a PhD research scholar at JBIMS, researching MSMEs. His earlier work includes internal audit and internal financial controls reviews for listed Indian companies and for companies with depository receipts listed in the United States.
Contact
Tell us what you are trying to fix and the size of the business. We reply with what we would need to look at.