Bookkeeping

Bookkeeping forms the basis of any accounting system. It involves maintaining accurate and up-to-date records of your company's financial activities, including bank records, zakah and tax filings, payroll records, purchase and sale records and regulatory filings. Not only are these essential for achieving regulatory compliance, having a proper bookkeeping system in place vastly improves the efficiency, accuracy and speed of almost all other accounting functions. This includes audits, payroll and zakah and tax preparation. If you do not want to take up the burden of maintaining your books yourself or the cost of hiring an employee for that purpose, we can help you ensure that you are not left behind in this regard.

Accounting and Financial Reporting

If cash flow is the heart of an organization, financial reporting is certainly its backbone. You can trust us to tackle the most sensitive financial reporting of your organization with precision and accuracy, because we have a team of dedicated professionals following tried and tested standards, who adhere strictly to the International Financial Reporting Standards (IFRS) and conform to the Generally Accepted Accounting Principles (GAAP).

Accounts Supervision

A well-known and ancient philosophy is that prevention is better than cure. When it comes to financial matters, there is always a risk of errors in bookkeeping, as well as of unforeseen strategic frauds that have the potential to cause significant harm to your business. Our accounts supervision services are designed to always be a step ahead in order to mitigate risks before they arise. Our qualified accountants are there for you to safeguard your organization's future by protecting it from present possible threats. Our account supervision services include the following and more:

• regular visits at weekly, fortnightly or monthly intervals to keep a vigilant eye on all your company's transactions;
• verifying the value of sales recorded in the ledger against invoice, receivable record or cash received;
• ensuring compliance with the Generally Accepted Accounting Principles (GAAP) for accurately recording revenues and expenses;
• verifying receivables by checking contracts and other relevant records; and,
• observing the premises to promote a culture of honesty and transparency.

Backlog Accounts Updating

If your formerly small company grows to be bigger and decides to adopt an accounting system, it will likely find itself in the awkward position of not having historical financial statements that will be needed in the implementation of the system. This will hamper progress and create inefficiencies, with resources being directed towards scrambling to find transaction histories and recording them. We therefore have various solutions all designed to put you back on track. Some of these services are:

• preparation of a balance sheet (statement of financial position);
• preparation of an income statement (such as a profit and loss account);
• preparation of a cash flow statement;
• compilation of accounts receivable and payable details; and,
• creation of reports on efficiency.

Account Reconciliation

Financial records are maintained by humans, and are therefore susceptible to errors. Account reconciliation is a technique for identifying these errors and making adjustments as necessary, allowing auditors to ascertain the accuracy and preciseness of financial business statements. We can provide you highly professional expertise to set your financials straight by reconciling your various books and accounts. If you are having any trouble making sense out of your accounts, we will investigate and suggest corrective actions for you.