Accounting is the interpretation and presentation of that data to business owners and investors. Accounting builds on the information that is compiled in the bookkeeping process. Accounting typically consists of: financial statements and reports, budgets, tax returns & analysing business performance.
We offer weekly and monthly meetings with our clients that are non-negotiables. We make sure that you know what’s going on in your business today, and help you to plan for your business’s future. We map your business game plan and assess your business’s monthly performance and annual financial statements.
Bookkeeping focuses on records and organises a company's daily financial transactions or financial data. This process needs to be very accurate and record keeping is the main objective. Bookkeeping typically consists of: payroll, invoicing, receipts and bills & recording business transactions.
A budget is an estimation of income and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends.
Business management focuses on the organising, planning and analysing of business activities that are required to efficiently manage and run a business. This includes decisions about raising capital, borrowing money and budgeting. Financial management also involves setting financial goals and analysing data.
This is the instance where we check all the money that you owe your suppliers or individual creditors. Reconciling the balance of this account is something most businesses have to do regularly, but in general we find it is something that clients ofter neglect. The balance of the creditors control account must equal the total of the creditors list.
Is when you decide to move to digital or cloud accounting software because your current system no longer meets all your needs. Changing accounting software or your system is a very delicate task and can affect your business operations, so it’s important that you have a plan in place before doing this.
A debt collector is a company or agency that is in the business of recovering money owed on delinquent (when a borrower is not making payments on time or is overdue on a particular payment) accounts.
A financial statement is a report that shows the financial activities and performance of a business. There are four main types of financial statement: Balance sheet, Profit and loss statement, Cash flow statement & Statement of changes in equity. Combined, these statements provide a good view of the financial health of your business.
An Outsourced CFO is a financial expert who provides financial strategy services on a part-time or project basis. An Outsourced CFO provides high-level financial strategy, systems analysis and design, and operational optimizations.
Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional or national. A compliance officer is someone that ensures the business is in compliance with its outside regulatory and legal requirements as well as internal policies and bylaws.