Management Accounts Preparation
Management accounts are necessary for you to know the financial health of your business at the end of a specified financial period. Business decisions are made based on these management accounts, these decisions are made by your accountants, auditors, vendors and other third parties.
We prepare these accounts in compliance with IFRS rules and regulations and your company’s policy.These accounts can be prepared according to your need, for example, monthly, quarterly or annually.
These Management accounts include;
Statement of financial Position
Cash flow Statement
Intercompany Charges & reconciliation
Debtor & Creditor Schedule
Accrual &Prepayment Schedule
Don’t worry about how your accounting records are kept; we will do that for you!
Depending on how you want it ,it could be manual or system based bookkeeping .For our manual bookkeeping,we use Excel but the system based, we use different accounting software for small businesses suitable for the client’s operations. Our staff are well trained in the use of various accounting software for small businesses, these include; Sage 50 US Edition ( Formerly PeachTree), Sage 50 Canadian Edition( Formerly Simply Accounting), QuickBooks Accounting,Palladium Enterprise etc.
What we do
Setting up a manual or system based accounting system
Entering of Sales invoices
Entering of purchase invoices
Entering of payments and receipts
Tracking debtor and creditor balances
Generating Trial Balance
Generating debtor and creditor report
Management of payroll can be time consuming, outsource your payroll function to us to avoid distractions and peace of mind on your business operations. This can be manual or computerized.
We can come in for:
Computation and remittance of monthly PAYE
Filing of annual returns,
Payroll deductions; including loans,advances,uniforms,pension etc
Keeping staff data
We understand determining VAT to be paid on monthly basis could be confusing and time consuming based on the fact that balances are still on the issued sales invoices. We can calculate the monthly VAT to be paid,VAT payable for the period and remit the VAT returns.
Still thinking of how to start up? Call us for your business registration, whether it is an enterprise, company or NGO.
We also do printing of business forms, invoices ,vouchers ,cards ,stationeries and more.
Sales ,Implementation ,Training and Support of Accounting software
In today’s business, organisations are computerising their accounting department in order to have an efficient and effective reporting. We have quite a number of accounting software that you can choose from based on your business activities.
At present, we have
1. Sage 50 US Edition (Formerly PeachTree)
2. Sage 50 Canadian Edition (Simply Accounting)
3. QuickBooks Accounting
4. Palladium Enterprise
We also train and support new and existing users of these accounting software.
Fixed Assets Management
Strong fixed asset management promotes improved financial supervision while protecting companies against theft by tracking the location, quantity and condition of its fixed assets.
We can handle your fixed assets, we understand the principles better. We will do;
Setting up of manual or system based fixed asset register
Additions of fixed assets
Transfer of fixed assets
Depreciation of fixed using in accordance with the company’s policy
Disposal of fixed assets
Determination of profit or loss on disposal of fixed assets
Computation of capital allowances for tax purpose
Below are the reports you get;
Fixed Asset Schedule
Fixed Asset Listing
Fixed Asset Disposal Schedule
We offer various trainings on management, Accounting software, Advanced Excel, Data Analysis, Bookkeeping etc. Out trainings can be in house or at client’s office.