Keeping records of day-to-day financial transactions such as sales, purchases, nominal ledgers and bank reconciliations which will help the client’s business organization while preparing financial reports. This is an important part of accounting and good business management as adequate bookkeeping will impact the validity of the financial reports created.

From the process of collecting accounting information and records of all financial activities of a business. Relevant information is presented in a structured form and typically includes:

  1. A balance sheet consisting of the company’s assets and liabilities
  2. An income statement consisting of the company’s income and expenses
  3. A cash flow statement illustrating how changes in balance sheet accounts and income affects cash and cash equivalents
  4. Discussion and an analysis of the findings, otherwise known as the Financial Report, which is key to the future planning of a business.

Budget preparation and reports which evaluate the actual performance of a company in relation to its budget including:

  1.  A company’s incoming and outgoing cash flow
  2.  Expenses and how a company spends its available funds
  3.  Evaluation of how efficiently funds are managed and used to reach the goals of your business.

Our team of highly qualified professionals can assist any business with specialised recommendations on ways to improve accounting processes, which in turn will minimize errors and the need for future intervention in financial reporting.

Invoice management is an internal business function linked to procurement and is responsible for managing and processing invoice documents from vendors and suppliers (invoices, related documents for vendors, suppliers and customers).

Invoice Management is crucial to the efficiency of a business which ensures prompt payments are made. This in turn, increases and creates a reliable and efficient cash flow.

It manages and processes:

  1.  Receiving the invoice
  2.  Validating and verifying the invoice
  3.  Approving the payment
  4.  Correctly archiving the invoice for future reference

The availability of cash enables a business to survive and prosper and is the primary indicator of business continuation. A healthy cash flow ensures that the business can pay salaries on time and have funds for growth and expansion. It also allows for resources to be available for paying vendor bills and taxes on time. A regular analysis of business finances ensures that one can project the future cash flow with accuracy and take necessary action.

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