We provide a complete outsourced bookkeeping, accounting and payroll service with total office support. It’s just like having your own accounts office next door
ACCOUNTING, BOOKKEEPING AND PAYROLL
Accounts Payable Management
- Recording invoices
- Tracking payments
- Vendor management
- Reconciliation of vendor statements
- Managing aging reports
Accounts Receivable Management
- Invoicing customers
- Tracking payments
- Sending reminders for overdue payments
- Reconciliation of customer accounts
- Managing aging reports
General Ledger Maintenance
- Recording financial transactions
- Chart of accounts maintenance
- Journal entry preparation
- Trial balance preparation
- Reconciliation of general ledger accounts
Bank Reconciliation
- Matching bank statements with accounting records
- Identifying and resolving discrepancies
- Recording bank fees and interest
Payroll Processing
- Calculating employee wages/salaries
- Withholding taxes
- Issuing pay checks/direct deposits
- Filing payroll taxes
- Generating payroll reports
Financial Software Setup and Training
- Selection and implementation of accounting software
- Customization of software to meet business needs
- Training for staff on software usage and best practice
Budgeting and Forecasting
- Creating budgets for revenue and expenses
- Forecasting financial performance
- Variance analysis
Financial Analysis
- Ratio analysis
- Trend analysis
- Benchmarking against industry standards
- Key performance indicator (KPI) analysis
Management Reporting
- Customized reports for management decision-making
- Dashboard creation for key metrics monitoring
- Ad hoc financial analysis and reporting
Cost Accounting
- Allocating costs to products or services
- Calculating cost of goods sold (COGS)
- Analyzing cost behavior
- Cost variance analysis
Inventory Management
- Recording inventory transactions
- Valuation of inventory
- Physical inventory reconciliation
- Inventory control and optimization
Fixed Assets Management
- Recording fixed asset acquisitions and disposals
- Depreciation calculation
- Asset impairment assessment
- Reconciliation of fixed asset register
Compliance and Regulatory Reporting
- Compliance with International Financial Reporting Standards (IFRS)
- Regulatory reporting to government agencies
- Compliance with industry-specific regulations
Cash Flow Management
- Forecasting cash inflows and outflows.
- Monitoring cash balances.
- Managing cash reserves.
- Implementing cash flow improvement strategies.