We enable your business growth by managing the accounting and book keeping for you to enable you to concentrate on addressing the strategic and core business issues faced by your organization. Our goal is to develop a system that will meet the financial reporting requirements of your company. Whether your business requires assistance with periodic bookkeeping or implementation of a fully computerized accounting system, we maximize your existing resources to provide the best solutions
We offer a variety of accounting services from the supervision of accounts section to complete outsourcing of book keeping, accounts functions and payroll. Our objective is to provide your company up-to-date, accurate financial data ready to cater your need of financial reporting.
Details and description Accounting Outsourcing Services as follow:
This solution is suitable for businesses which have small number of transactions. Data pertaining to assets, expenses, salaries, inflows and outflows of fund are collected on excel files which is compiled and used to make financials reports.
This outsourcing solution suits to those businesses which have large/moderate number of transactions and huge turnover. All business transactions are recorded in ERP or accounting software and later financial statement are made, either at year end or month end.
We offer services of Accounts Receivable and Payables management to enable the client to handle heavy workload, increase in workload, weather seasonal or due to extension plan.
We provide following services
We’re here because in today’s complex business environment, it is important to have a simple, accurate and affordable payroll service you can count on. You’ll find we’re extremely flexible, with a special commitment to courteous and personalized service. No wonder our clients rate us so highly in customer satisfaction. We can save between 15% and 50% of a client’s current payroll processing cost.
Timely payroll process enhances loyalty and productivity of employee and reputation of your business. Businesses that have huge work force face difficulty to process payroll in time. We provide payroll processing services that include salary calculations, preparation of salary transfer request, calculation of deductible taxes and other deductions.
Inventory management is one of the key elements of overall working capital management. A sound inventory management system prevents pilferage, enables perfect costing and makes easy stock count & stock costing.
As inventory management requirements relate to the business nature. We provide diversified solutions to clients in accordance with the nature of business, e.g. manufacturing, departmental stores, food chains, trading, etc.
We provide wide range of inventory management solutions which include :
Reconciliation of accounts is considered as too lengthy, brainstorming and hard tasks, usually accounts’ staff avoid this task which may result financial loss and also can affects quality of financial reports.
Account reconciliation, defined as the act of confirming whether the actual account balance matches the corresponding bank statement or ledger, it is crucial to the financial health of large corporations and organizations. By verifying the accuracy of each account, the account reconciliation team identifies errors and inconsistencies requiring correction, and reconciles the final balance accordingly.
Financial reporting enables management to exert control over financials, operational and information recourses. Further if your business transactions are numerous and year end closing is difficult then monthly account closing is highly recommended to ensure fairness and truthiness of the reports.
Financial reporting hare two fold purposes one for internal users and management and other for external users e.g. tax authorities, government, lenders, bankers etc.
We prepare of Annual Financial Reports in accordance with International Accounting Standards and local laws, both tax and corporate laws.
Financial statement are required for filing tax returns, filing bids and tenders, filing application for loan advances and leasing facility.
A set of excellent financial statement for each financial year increase the ranking of your business in biding, tendering and to become eligible for a banking facility.
Maintenance of fixed assets, along with Depreciation and Amortization Schedules, (Preparation of Separate Fixed Asset registers for accounting and tax purposes) is required for filing tax returns and filing of tax returns.
If a business holds numerous asset, it require proper updating of fixed asset register to keep better control over asset, avoidance of misuse, pilferage, damage and reporting of value of assets in financial statements at accurate cost
If a business use different tax rate, other than the rates, provided in the Income Tax Ordinance, 2001 then it is necessary to use two register of fixed assets one for financial reporting and the other for calculation of deferred tax (tax purpose).
Most experienced financial consultants and accountants believe that successful ERP (Enterprise Resource Planning) software implementations are created from equal parts art and science. With science, consistent input and measured efforts can predict and replicate the outcomes of pre-defined actions and processes. However, with art, we model our best representation or expression based on the diverse patterns, variables and conditions at a given time. The outcome is uncertain for we often make adjustments to accommodate new ideas, information or acquired knowledge as we make progress.
A truly brainstorming implementation planning will be discussed to the client, making sure that every single step is highlighted, every quirk is discussed, and every person affected is prepared.
Software installation is considered one of the most time consuming and costly parts of is the software implementation, especially in case of customized software, however ready to use accounting software programs like peach tree and QuickBooks are low cost.
Accounting system configuration phase consist of the establishment of company divisions, departments, and cost centers, and of course, project costing modules, jobs.
Data saved in other ERP or excel files is also imported in new system.
Provision of training to staff to able to use the software as quickly as possible, understanding how to use the new software entirely. Common needs of training in implementation are as follows: