In a new or an existing setup, the expense of maintaining a fully-fledged accounts department becomes an expensive affair and lack of inefficient and ineffective department may pose a considerable risk to the growing business. Therefore, the integration of accounting and reporting into the finance function has become vital to reduce risks and meet the regulatory requirements.
Our accounting and bookkeeping services are designed to ensure the smooth execution of day-to-day back-office accounting needs of our clients.
Our core bookkeeping services include but not limited to:
- Assistance to corporate in the formation of accounting policies & procedures
- Day to day entries, General ledger bookkeeping, analysis and processing of expense reports
- Maintenance of accounts-payable and accounts-receivable listings
- Monthly bank reconciliations and assistance with budgeting
- Preparation and analysis of financial statements
- Customized financial reporting on a monthly, quarterly and annual basis
Accounting supervision is offered as an alternative to keeping the accounting books and comprises a monthly review of the books at client’s premises whereby we check the postings against the source documents and verify tax settlements.
The accounting supervision service is similar to the function performed by a company’s Chief Accountant. As a form of collaboration, accounting supervision allows benefiting from partial outsourcing of the accounting functions while keeping the accounting books in the company. The solution helps protect against negative consequences of books’ failure to comply with the binding regulations. As part of such collaboration, we take care of: development, modification and implementation of a company chart of accounts, development of a company accounting policy, verification of accounting books, assistance in preparation or preparation of reporting documentation: declarations and financial statements, consultations and accounting advisory, verification or preparation of regular tax declarations and obligatory reports, providing assistance and explanations for the employees of the client’s accounting department.
