What we do for your business
The final scope is set out in the proposal and engagement according to the entity’s needs and requirements.
Record daily sales, purchases, expenses, receipts and payments, and organise and classify the supporting documents.
Maintain customer and supplier balances, reconcile bank and cash accounts and prepare accounting adjustments.
Maintain fixed asset records and calculate depreciation, accruals, prepayments and closing entries as relevant to the business.
Prepare payroll using company-approved employee, attendance, leave and entitlement data; calculate deductions and net pay.
Calculate social security contributions and follow up employee records and remittance procedures under authorisation, with the company providing the required funds.
Calculate payroll income tax deductions where applicable, prepare related schedules and follow up remittance within the service scope.
Prepare trial balances, agreed periodic financial reports and financial statements, discuss results with management and follow up items requiring action.
What we need to get started
Business activity and transaction volume, current accounting system and records, bank statements and invoices, employee and payroll data, and management’s reporting needs.