ACCOUNTING & BOOKKEEPING
Bookkeeping
Bookkeeping is the recording and maintenance of financial records and transactions of a business. It involves preparation or capturing of source documents for all transactions of a business.
- Capturing bank statements & bank reconciliations
- Capturing invoices and processing other source documents
- Raising customer invoices
- Managing and reconciling accounts payable/receivable
- Bookkeeping to Trial Balance
- Recommendation and implementation of appropriate accounting systems
- Preparation of ready audit packages and schedules
Financial Accounting
Financial accounting is a process of recording, summarizing, and reporting business transactions over a set time period.
- Compilation of Annual Financial Statements (AFS)
- Consolidated Annual Financial Statements
- Performing Independent Review
- Audit of Annual Financial Statements
- Balance sheet, Cash flow statement & income statement
- Management Accounts & Financial Reports
- Maintaining Fixed Asset Register & depreciation
- Financial Officer/Financial Manager
- Preparation of customized reports for bankers or other stakeholders
- Calculation of business ratios & ratio analysis
- Deviation identification & suggestion for control requirements
- Budgeting and forecasting
- Cost center analysis
- Reconciliation of control accounts
- Stock consumption analysis & Input-Output recovery analysis
- Recommendations for better cash flow and finance management