Analyze accounting and compliance issues and recommend solutions.
Prepare periodic revenue and expenditure budget for the business and analyze variances.
General ledger clean up
Verify correctness of transactions classification and postings, pass necessary adjustments.
Preparation of financial Statement
Prepare and interpret monthly income statement, statement of financial position, cash flow statement and other management reports.
Accounting system implementation support
Assess accounting software capabilities and advise on how to maximize the system. Also acting as the key liaison between client and IT service provider
Business process improvement
An analysis of client’s business; appraising key performance indicators and recommending reviews for better productivity.
Set up of accounting process
Complete set up of the client’s accounting system; classification and posting of transactions, reporting style, accounting policies and estimates, authorisation and approvals.
Assisting with preparations for Annual Audit
Identify documents and other information needed for annual audit, ensuring the completeness and reliability of the records
Monthly Payroll Preparation
Prepare monthly payroll including computation of statutory deductions and allowances. Computation of a standard payroll sheet that incorporates possible monthly variation.
Payroll review/Health Check
Review the effectiveness of the payroll system and make necessary adjustments.
A permanent virtual accountant dedicated to client’s business transactions, who will execute all accounting functions.
Internal control support
Carry out test of internal control system of the business, identify possible gaps and propose areas for improvement.
Complete payroll process set-up and pilot runs.
Financial Audit Support
We will link you up to one of our ICAN authorized accounting firm partners to provide a budget-friendly support.
Payroll journal preparation and reports
Prepare journal used for posting payroll to the financial statements