Bookkeeping: Recording day-to-day financial transactions, such as sales, purchases, expenses, and receipts, in an organized and systematic manner.
Financial Statement Preparation: Preparing financial statements, including the income statement, balance sheet, and cash flow statement, to provide a clear overview of the entity’s financial position and performance.
General Ledger Maintenance: Maintaining a general ledger that contains all financial transactions, ensuring accuracy and compliance with accounting principles.
Accounts Payable and Receivable Management: Managing accounts payable to suppliers/vendors and accounts receivable from customers, ensuring timely payments and collections.
Bank Reconciliation: Matching and reconciling the company’s bank statements with the accounting records to identify any discrepancies and ensure accurate financial reporting.
Payroll Processing: Calculating and processing employee salaries, wages, taxes, and benefits, and ensuring compliance with payroll regulations.
Financial Analysis and Reporting: Analyzing financial data to provide meaningful insights and preparing periodic financial reports for management and stakeholders.
Budgeting and Forecasting: Assisting in the preparation of budgets and financial forecasts to aid in planning and decision-making.
Financial Consulting: Providing expert financial advice and guidance to clients, helping them understand their financial position and suggesting strategies for improvement.
Compliance and Regulatory Reporting: Ensuring compliance with accounting standards and regulations, including preparing and filing necessary financial reports with regulatory authorities.
Internal Controls and Auditing Support: Assisting clients in implementing internal controls to safeguard assets and support them during internal or external audits.
Financial Software Implementation: Recommending, implementing, and training clients on accounting software to streamline their financial processes.
