Accounting Services

Accounting And Bookkeeping Services

Accounting Services

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**Financial Statement Preparation**

Prepare comprehensive financial statements including the balance sheet, income statement, and cash flow statement.

Ensure compliance with relevant accounting standards (GAAP, IAS & IFRS).

**Budgeting and Forecasting**

Develop and maintain budgets to manage financial resources effectively.

Perform financial forecasting to project future revenues and expenses.

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**Audit Support and Coordination**

Assist in preparing for external audits.

Provide necessary documentation and respond to auditor inquiries.

**Internal Controls Assessment**

Evaluate and improve internal controls to safeguard assets and ensure financial data integrity.

Implement best practices for risk management and fraud prevention.

**Cost Accounting**

Analyze production costs and control expenses.

Assist in pricing decisions and profitability analysis.

**Financial Analysis and Reporting**

Conduct detailed financial analysis to support decision-making.

Generate reports such as variance analysis, trend analysis, and performance metrics.

**Compliance and Regulatory Reporting**

Ensure compliance with financial regulations and standards.

Prepare and submit necessary regulatory reports.

Bookkeeping Services

**Recording Transactions**

Record all financial transactions including sales, purchases, receipts, and payments.

Maintain accurate and up-to-date financial records.

**Ledger Maintenance**

Maintain general ledgers and subsidiary ledgers.

Ensure all accounts are balanced and reconciled regularly.

**Bank Reconciliation**

Reconcile bank statements with company records to ensure accuracy.

Identify and resolve discrepancies promptly.

**Accounts Payable and Receivable Management**

Track and manage accounts payable to ensure timely payments to suppliers.

Monitor accounts receivable to ensure timely collection from customers.

**Payroll Processing**

Process employee payroll accurately and on time.

Handle payroll taxes, deductions, and compliance with labor laws.

**Expense Tracking and Management**

Track and categorize expenses for budgeting and tax purposes.

Ensure proper documentation and approval of expenses.

**Invoice Generation and Management**

Generate and issue invoices to clients.

Track and follow up on outstanding invoices to ensure timely payment.

**Financial Recordkeeping**

Maintain organized and accessible financial records.

Ensure records are kept in compliance with legal and regulatory requirements.

**Periodic Financial Reporting**

Generate periodic financial reports such as profit and loss statements, balance sheets, and cash flow statements.

Provide reports on a monthly, quarterly, and annual basis as needed.