Accounting, which has been called the “language of business”, measures the results of an organization’s economic activities and conveys this information to a variety of users, including investors, creditors, managers and regulators.
Our Accounting Department can assist our clients in maintaining their company accounting records. Our department will be responsible to record all the financial transactions in the client’s accounting books.
The staff of out Accounting Department are fully aware of the International Financial Reporting Standards (IFRS), are experts on the Financial reporting and are always applying the IASs and IFRSs in their work.
Our Accounting & financial management services include:
- Processing sales and purchase invoices.
- Processing through bank accounts statements.
- Processing of all contracts and agreements made by the company.
- Preparing the payroll.
- Ensuring PAYE and Social Insurance Contributions have been accounted correctly and are up-to-date.
- Preparing of year-end files for statutory accounts and audit.
- Preparing cash-flow and profit projection.
- Preparing Financial Analysis.
- Preparing Ration Analysis.
- Preparing Management Accounts.
Benefits of Outsourcing your Bookkeeping Operations:
1. More time: Outsourcing your business’s bookkeeping operations frees up valuable time that can be put into battering the company. Backend office functions can be a heavy distraction from the day-to-day running of things and having your bookkeeping in-house can lead to a conflict of interests. All of these time-wasters and distractions need to go out of sight, out of mind.
2. Saving money: The bottom line is that by outsourcing your bookkeeping operations, you save money on paying full-time or part-time wages and benefits to an employee. Further, you also save on lost productivity costs that come along with hiring employees onto the payroll. By outsourcing your bookkeeping, you only pay for what you need nothing more, nothing less.
3. Expertise on your side: Outsourcing gives you a great way to have full-time knowledge on your team without having to pay for it around the clock. By putting your books into the hands of a highly skilled staff who understand the best practices and how to properly staff for certain tasks, your job becomes a whole lot easier and effective.
4. Focused work staff: By eliminating the distractions of the office from their jobs, places that take bookkeeping jobs are able to provide clients with more focused work. It’s hard for a bookkeeper to do their jobs around the hustle and bustle of a business removing them from the site by outsourcing not only helps your focus on your focus on your business, it helps them focus on your business as well.
5. Team staff versus individual: When you outsource your bookkeeping, you’re placing your financial records in the hands of a staff that thrives on teamwork. Unfortunately, one bookkeeper is often not enough to find every subtle nuance that can benefit your company. But when you outsource, you have a team of workers and managers checking and double checking each other’s work, helping to ensure that you receive the best services possible. This also helps keep a separation of duties.
6. Access to top systems: Outsourcing your bookkeeping operations gives you more access to the top tools in the industry. Most businesses can’t afford to pay for the extremely expensive bookkeeping programs nor can afford to spend the time keeping up with changing laws and regulations. By outsourcing, you’re essentially purchasing those tools and that knowledge by proxy, but it’s even better you don’t have to actually do any of the work. Plus, these top systems create nightly backups and keep organized records and books for years.
7. Scalability options: Finally, outsourcing your bookkeeping allows you to expand or cut-back in the blink of an eye. Whether you’re looking to grow your business or cut down on spending, having a reliable team at your behest, providing you with different plans and options will help you achieve your goals. Outsourcing provides flexibility that in-house bookkeepers can’t provide.
