From internal accounting guidelines to national GAAPs, we can help our clients to ensure the accounting records and operations are properly implemented, staffed, maintained and reviewed.
Based on the client's requirements we can maintain the accounting books, either in our office or at the client's premises or using the client's own ERP system via remote access. Our outputs include the preparation of management reports at the required intervals, preparation of statutory financial statements and financial statements under national accounting standards (GAAP) in whatever functional currency or other information used as input data for additional processes (e.g. VAT return, income tax return, or preparation of auditor information).
Based on the client's requirements we will carry out a review and support them in cleaning up of the accounting records. The output of our review is a report describing the review procedure including all detected deficiencies. We can also provide our clients with support to prepare the necessary corrections to the books and tax returns.
The services we offer include a temporary engagement of a professional or professionals from our company in the finance or accounting department of our client. These professionals will report directly to the client. This programme will help the client to overcome a temporary lack of essential staff (e.g. temporary replacement of a financial controller or a financial director, or lending of an accountant or a head accountant to provide support during the annual closing of books or in implementing new processes).
We offer our experience and methodology to convert the accounting records prepared under IFRS or group accounting policy / GAAP into statutory accounts which will be the basis of the Statutory Financial Statements. We also convert / produce subledgers which will be the underlying documentation for tax return preparation and filing.
Based on the client's requirements we can provide additional outsourcing services, such as invoicing administration and subsequent receivables management, electronic banking, merger accounting, functional currency change, solvent liquidation administration, corporate secretarial services, etc.