It is difficult to make sound business decisions in today’s global economy without having timely, reliable and meaningful financial data.
Accounting records and book keeping are vital issues for all types of businesses to enable its owners, directors or management to be aware of all transactions conducted by the business and to be able to measure the degree of success of the business as a whole or of a particular aspect of it. In addition, maintaining adequate accounting records is essential for tax purposes.
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Accounting Services includes management accounting
The service involves preparing and maintaining day to day book keeping and monthly or quarterly management accounts. these books are prepared as per applicable accounting standards and can also be made as per specific client instructions.
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Review of Accounts and Accounting Systems
Regular review of accounts ensures timely detection of error and appropriate correction is assured in the firm. Interval of review would depend over the scale of client’s business and is also done as per the requirement of clients and it’s business complexity.
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Preparation of accounts/system manuals
This service prevents error to be occurred and establishes standardised method for accounting system.
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Cash Forecasting
The services involves analysing the cash requirements of the business and making cash forecasts for planning the future.
Advantages
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Time saving
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Analysing the potential risks in advance
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Correct interpretation of entity’s financial position
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Informed and better managerial decision making
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Collection, summarization, and accurate analysis of financial data.
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Optimisation of business resources and processes.