Accounting & Reporting

Our task is to ensure that quality financial information of the client timely reaches relevant users – process owners, management, regulatory institutions and other external users. We actively advise clients on choosing the most efficient ways to arrange their processes in accounting and reporting. We strongly support and implement in our daily work paperless, automated solutions to increase accuracy, efficiency and speed of accounting processes and provide the best value to our clients.

How can we help?

Accounting Services & Solutions include four main categories, which are tailored to the particular business and its particularities:

I. Financial Accounting & Operations

Deloitte offers a full range of finance and accounting services to growing and evolving businesses. Services include organizational, analytical, and recording services for the financial activities of a business, and the preparation of various materials covering the financial transaction life cycle (i.e., collecting source documents, recording transactions, closing books, and preparing reports for internal and external stakeholders).

Our services can include:

• Bookkeeping
• Financial reporting and controlling
• Business controlling
• Budgeting
• Accounts payable (A/P) processing
• Accounts receivable (A/R) processing
• Treasury support
• Temporary finance management
• Operational finance function support
• Back-end filling finance functions
• Management reporting
• Statutory reporting
• Year-end closing procedures
• Support statutory audit preparation
• Delivery of turnkey finance functions
  

II. HR & Payroll Services

Deloitte offers human resources and payroll services that can help improve efficiency of traditionally complex and time consuming tasks for businesses. Using strategic perspective and technology can help align a company’s practices and policies with its corporate vision, open new channels of communication, improve processes, and help manage costs.

Outsourcing administrative human resources tasks can help businesses contain costs, manage employer-related risks, reduce administrative burden, maintain information confidentiality, and improve organizational effectiveness.

You can find more details here: Payroll & HR

III. Tax Compliance & Reporting

Our tax compliance and advisory methodology provides businesses with an efficient way of handling their tax compliance workload and meeting deadlines. Services are commonly bundled with finance and accounting to create a turnkey compliance and reporting solution. Extensive regional reach, supported by local depth of knowledge and experience, provides businesses the transparency and flexibility to address a full range of local and regional tax needs. Tax compliance & reporting includes the following taxes:

• Corporate Income Tax (CIT)
• Value Added Tax (VAT)
• Withholding tax
• Other taxes (real estate, environment pollution, packaging, etc.)

IV. Business Process Set up & Improvement

Using technology efficiently can help provide an integrated approach to process improvement that can help finance and accounting, tax, and HR departments substantiate and promote their strategic value to the organization. Deloitte practitioners work with businesses to design and implement operational processes, technologies, and resource models to improve value-added activities in process redesign, software implementation and enhancement, tax-sensitized technologies, and change management. In addition, cloud-based accounting system and Software as a Service (SaaS) capabilities help internationally minded businesses to strategically balance expansion, infrastructure, and mobility demands.

► ERP system design and implementation

Identifying specific workflows by job and function, process improvements to be implemented (perhaps even independently of the software), and roles and responsibilities within the new business processes to augment system design. While business processes requirements were likely defined during the evaluation phase, they might not take into account the functionality of the chosen software. This output can serve as the foundation to use the ERP system in producing key operational data to streamline processes.

► Process mapping

Assisting organizations in becoming more efficient through creation of business process maps which help identify improvement opportunities. Business process mapping measures and compares a specific objective alongside the entire organization’s goals to aid alignment with enterprise values and capabilities.

► Business intelligence & data analytics

Managing data from disparate sources and converting it into consistent, actionable information that can drive competitive advantage and help functional areas to uniformly interact with each other when responding to organizational issues and opportunities. Enabling organizations to perform visual operational benchmarking, trend and data analysis, and predictive analysis on key data. This can provide deeper insight into operational processes and profiles which help in planning and forecasting as well as evaluating leading practices.

► Business process reengineering

Focusing on the analysis and design of workflows and business processes, business process reengineering helps organizations to fundamentally rethink how they do their work in order to improve products and services, manage operational costs, and enhance efficiencies. Deloitte helps companies restructure operations through ground-up design of business processes in relation to objectives and day-to-day work.