1. Customized Chart of Accounts & Setup
- Designing a personalized chart of accounts based on the client’s industry and operations.
- Grouping accounts to reflect key revenue streams, expense types, and cost centres.
- Setting up accounting software tailored to the client's preferences and workflow.
- Ensuring accounts align with tax reporting and statutory compliance needs.
- Categorizing financial data for better analysis and decision-making.
- Enabling integration with POS systems, CRMs, and payment platforms.
- Providing multi-currency and multi-entity support where required.
- Offering scalability for future growth, expansion, or new business lines.
2. Day-to-Day Bookkeeping & Transaction Recording
- Recording daily sales, purchase, expense, and payment transactions.
- Managing invoices, bills, receipts, and credit notes in real time.
- Monitoring accounts payable and receivable to avoid cash flow gaps.
- Posting journal entries and maintaining ledgers accurately.
- Ensuring real-time bank feeds and syncing with financial tools/software.
- Maintaining clean, organized, and audit-ready financial records.
- Flagging unusual or high-risk transactions for review.
- Updating books consistently to reflect current financial activity.
3. Monthly Closing & Financial Reporting
- Reconciling bank, credit card, and ledger balances monthly.
- Preparing monthly profit & loss statements, balance sheets, and cash flow reports.
- Generating customized MIS reports for management insights.
- Performing variance analysis against budgets or previous months.
- Adjusting journal entries and accruals to reflect accurate figures.
- Highlighting key financial trends, risks, and areas of improvement.
- Supporting internal and external audits with proper documentation.
- Ensuring timely month-end closures for compliance and planning.
4. Cash Flow & Budget Monitoring
- Tracking all inflows and outflows to manage liquidity.
- Preparing cash flow forecasts to anticipate shortfalls or surpluses.
- Supporting clients in creating and adjusting annual budgets.
- Monitoring budget-to-actual performance across departments.
- Helping allocate funds efficiently to meet business goals.
- Identifying cost-saving opportunities and cash leaks.
- Providing real-time cash reports and working capital analysis.
- Advising on fund allocation, reserves, and reinvestment strategies.
