H U Thakrar & Co

20/05/2026

Growth looks exciting — until the runway starts shrinking.
Watch From Books to Boardroom – Financial Breakdown 20 to understand Burn Rate & Runway and how smart businesses stay financially prepared.
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15/05/2026

Behind every balance sheet, tax return, and financial report is one core objective — helping businesses make better decisions with clarity and confidence.

Over the years, I’ve had the opportunity to work with clients across bookkeeping, accounting, CFO services, and U.S. taxation, supporting businesses through growth, compliance, and financial planning.

This video is a small glimpse into the professional journey, values, and commitment behind the work we do every day at Veritas Accounting Services.

Proud to support clients across the USA, UK, Ireland, UAE, Singapore, Malaysia, and beyond.
A heartfelt thank you to our clients, partners, and team for being part of this journey.

If your business or firm is looking for reliable accounting, bookkeeping, tax, or CFO support, let’s connect.

02/05/2026

On this Labour Day, I take a moment to appreciate the dedication, resilience, and hard work of every individual contributing to building a better future.
Whether it’s meeting deadlines, solving challenges, or supporting others — every effort matters. Behind every achievement is consistent hard work that often goes unnoticed but never unvalued.
As professionals, freelancers, and entrepreneurs, we all share one thing in common — the commitment to keep moving forward with honesty and dedication.
Let’s continue to respect work, value people, and grow together.
Wishing everyone a meaningful and proud Labour Day.
EntrepreneurMindset Growth

22/04/2026

From Books to Boardroom – Financial Breakdown 18: Cash Flow Forecasting
"Seeing Problems Before They Happen"

"Cash flow issues don’t start when cash runs out.
They start when forecasting is ignored."

Concept (What Really Matters):
Cash flow forecasting predicts future inflows and outflows based on real business behavior.
It turns reactive finance into proactive decision-making.

Where Professionals Commonly Go Wrong:
Relying on static projections created once and never updated
Assuming all customers will pay on time
Ignoring seasonal trends and business cycles
Not linking forecasts with actual collections and payments
Preparing forecasts without ownership or accountability

Result:
Sudden cash shortages despite profits
Delayed vendor payments
Poor financial planning
Last-minute borrowing decisions

Example:
A business shows strong monthly profits but fails to collect receivables on time — without forecasting, the cash gap becomes visible only when payments are due.

Strong Forecasting Framework:
Use rolling forecasts (weekly/monthly updates)
Base projections on actual collection patterns
Separate committed vs expected cash flows
Review forecast vs actual variance regularly
Assign ownership for updates and monitoring

Bottom Line:
Profit is recorded.
Cash flow is managed.

13/04/2026

From Books to Boardroom – Financial Breakdown 17: Month-End & Year-End Closing
Where Financial Accuracy Is Proven — Not Assumed
Closing is not a routine task.
It’s the final control checkpoint where incomplete, incorrect, or weak accounting gets exposed.

Concept (What Really Matters):
Closing ensures all balances are reconciled, reviewed, and validated before reporting.
It’s the bridge between bookkeeping and decision-ready financials.

Where Professionals Commonly Go Wrong:
Rushing the close without completing reconciliations
No standardized checklist — relying on memory
Leaving suspense, accruals, or mismatches unresolved
Passing last-minute adjustments without review
Not locking prior periods — allowing backdated changes
Treating month-end as compliance, not control

Result:
Unreliable financial reports
Audit issues and rework
Management decisions based on incomplete data
Loss of financial discipline

Example:
Books closed without reconciling vendor balances or bank accounts may “tally” — but underlying errors carry forward into every report.

Strong Closing Framework:
Follow a structured close checklist (AP, AR, bank, accruals, tax, etc.)
Complete all reconciliations before finalizing numbers
Review trial balance and key balances post-adjustments
Document all adjustments with supporting evidence
Lock closed periods to prevent unauthorized changes
Assign ownership for each closing activity

Bottom Line:
A fast close is impressive.
A controlled and accurate close is valuable.
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02/04/2026

Another Financial Year Behind Us — Thank You for Your Trust
As FY 2025–26 comes to a close, we take a moment to reflect on the journey, the challenges, and the progress made along the way.
At H U Thakrar & Co., this year has been about more than numbers — it has been about relationships, trust, and consistent support from our clients and partners.
Your confidence in our work has helped us grow, improve, and deliver better with each engagement.
Now, as we step into a new financial year, it’s time to review, reset, and plan ahead with renewed focus and commitment.
We look forward to continuing this journey together.
Thank you for being a part of it.
www.huthakrar.com

03/03/2026

25/12/2025

Warm Christmas wishes to you and your family. May this festive season bring joy, peace, and prosperity. Thank you for your continued trust and association with H U Thakrar & Co. We look forward to serving you in the coming year.

24/12/2025

From Books to Boardroom – Finance Breakdown 8 : Provisions & Contingent Liabilities
Where Judgment Errors Create Profit Illusions

Provisions are not conservative padding.
They are early recognition of risk — and most financial misstatements start by getting this judgment wrong.

💡 Concept (Practical Reality):

Provisions are booked when an obligation is probable and measurable.
Contingent liabilities are disclosed, not booked, when outcomes are uncertain.
The line between the two is judgment — and that’s where professionals often slip.

⚠️ Where Professionals Commonly Go Wrong:

Treating provisions as optional or “year-end only” entries
Using arbitrary percentages without revisiting assumptions
Ignoring ageing trends in receivables while profits look healthy
Avoiding provisions to “protect margins”
Failing to reassess old provisions once facts change
Mixing contingent liabilities into provisions (or vice versa)

Result:
📊 Inflated profits
💥 Sudden write-offs
🔍 Audit qualifications
📉 Loss of management credibility

✍️ Example:

Creating a flat 5% doubtful debt provision once a year — without linking it to customer payment behavior — hides growing credit risk until cash actually fails.

🛡️ Strong Controls & Best Practices:

✔ Link provisions to data trends (ageing, disputes, legal status)
✔ Review provisions quarterly, not just at year-end
✔ Document assumptions and changes clearly
✔ Reverse or adjust provisions when risk reduces
✔ Keep contingent liabilities visible through disclosures, not hidden in journals
✔ Align legal, operations, and finance inputs before provisioning

📌 Bottom Line:

If risks aren’t visible in the books today, they will explode in the P&L tomorrow.
Provisions don’t reduce profit — they protect credibility.

08/03/2025

Heartfelt Congratulations to all who have cleared their CA Intermediate! Your dedication and perseverance have brought you this success. 🎉

For those who didn’t make it this time, remember—"Failures are the stepping stones to success." Stay persistent, keep striving, and success will be yours! 💪

We at H U Thakrar & Co., Chartered Accountants, are excited to participate in the Campus Placement Program organized by the Rajkot Branch of ICAI. We look forward to meeting talented and ambitious individuals ready to take the next step in their careers.

We are hiring:

✅ 3 CA Articles

Looking forward to connecting with you all!

Regards,

Team H U Thakrar & Co.