RFP Invited For Financial Management Consultant at BSDM

Bihar Skill Development Mission Society (BSDM) intends to impanel Chartered Accountant Firms for appointment as Financial Management and Accounting Support Consultant through this Request For Proposal (RFP).

BSDM’s initiative requires to maintain and strengthen its Financial Management and Accounting System along with statutory compliances, by taking the expert services on continuous basis by experienced CA firm at its Head Office. The assignment will be initially for 36 months which may be extended on the basis of performance.

Scope of Work: The program expects that the consultant for this assignment should do the following job:

  • The tasks will include the day to day Computerized maintenance of Accounts, Receipt and Payment processes, Maintenance of stock register, Preparation of Bank Reconciliation Statements, Preparation of all types of ledgers, preparation of half yearly and annual financial statements, responsibility for timely completion of various audits (PAG/Statutory audit) and day to day consultancy on Statutory compliances and all other associated/related tasks for preparation,
    management and control of BSDM Finance and Accounting Functions.
  • Day to day consultancy, implementation and execution of Financial Management and Accounting
    activity of BSDM as explained below but not limited to:
    • Would assist in maintaining the accounts and preparing the year-end financial statements for the 2024-25, 2025-26 & 2026-27.
    • The assignment would include Regular accounting process and Updation, Supervision and
      Monitoring of the Accounts in the following areas (but not limited to) for all accounting years
      until March 2027:
      • Preparation of day-to-day accounting on Tally Software or other software as developed
        by BSDM.
      • Monitoring and Supervision of Accounts including budget.
      • Processing and timely execution of all files related to Payment/ receipts/ expenses/ income etc. (i.e. Payment management and receipt management)
      • Maintaining all accounting ledgers, registers and formats as required for the sound
        accounting system.
      • Filing of TDS Returns and ensure deposit of Tax collected at source.
      • Preparation of Bank Reconciliation and Inter Unit Reconciliation Statements.
      • Bank Guarantee Tracking sheets and their timely renewal.
      • Provide handholding support and assistance to sustain the accounting system and
        financial management.
      • Maintenance of all types of accounting records/reports as required statutorily or otherwise for day-to-day functioning.
      • Will ensure timely compliance of all statutory requirements including GST/Income Tax compliances.
      • Will ensure maintenance of all statutory registers and record keeping.
      • Assist in putting in place a mechanism so that the system can be maintained even after
        the completion of this assignment.
      • Preparation of the Utilization Certificate and Statement of Expenditure and submission of claims.
      • Preparation of response of audit paras and queries and resolution thereof.
      • Preparation of Annual Reports of BSDM