Accounting & Financial Solutions
1. Bookkeeping & Daily Operations
Scope:
- Transaction Recording: Systematic daily recording of all financial transactions (sales, purchases, expenses).
- Bank Reconciliation: Monthly matching of bank statements with internal ledgers to identify discrepancies.
- Accounts Payable/Receivable: Managing vendor payments and client invoicing to ensure healthy cash flow.
Expense Tracking: Categorizing business expenses for accurate tax deductions.
2. Financial Reporting & Statements
Scope:
- Profit & Loss (P&L): Monthly statements tracking revenue, costs, and net income.
- Balance Sheet: A snapshot of company assets, liabilities, and equity at any given point.
- Cash Flow Statements: Monitoring cash movement to ensure liquidity and operational stability.
Management Reports: Custom KPIs and financial insights to support decision-making.
3. Tax Compliance & Returns
Scope:
- Corporate Tax Filing: Preparation and submission of annual corporate tax returns (Federal/State).
- VAT & Sales Tax: Calculation and filing of Value Added Tax or Sales Tax returns according to local regulations.
- Tax Planning: Strategic advice to minimize tax liability legally and maximize savings.
- Audit Support: Representing your company and preparing necessary documentation during tax audits.