Company Accounting - Bookkeeping

• Accounts Receivable (AR): Monitoring money owed to the business by customers.
• Accounts Payable (AP): Keeping track of what the business owes to suppliers.

• Reconciling Bank Statements: Comparing the business’s financial records with bank statements to ensure consistency and accuracy.
• Identifying Discrepancies: Investigating and resolving any differences between the records and bank statements.

We provide services throughout the entire payroll administration process, ensuring compliance with all prevailing laws and regulations, including:

• Employee Payments: Ensuring accurate calculation and disbursement of employee wages and salaries.
• Tax Withholding: Handling deductions for taxes, benefits, and other withholdings.
• Compliance: Ensuring compliance with employment laws and tax regulations and statutory filing deadlines.
• Timely preparation and submission of annual tax returns, e.g., Employer’s return (IR7 form), employee’s certificate of emoluments (IR63 form)
• Preparation of payments to Social Insurance, Inland Revenue, and other local authorities
• Fast and reliable data processing and preparation of payroll reports covering all deductions and contributions per employee.

Partner with S&F Financial Services Ltd for reliable, accurate, and comprehensive VAT solutions that support your business growth and success.

Services Provided:

• Submission of VAT returns
• Submission of VIES Returns
• Registration with Tax authorities: for obtaining VAT/VIES/TIC Number.
• Tax Documentation: Preparing and organizing financial records for tax purposes.
• Filing Tax Returns: Assisting in the preparation and filing of business tax returns.

• Tracking Expenses: Monitoring and categorizing business expenses for better financial management.

Management accounts preparation services are offered to help businesses maintain accurate and timely financial records for internal use. Effective financial management is crucial for the success and growth of any business. At S&F Financial Services Ltd, we offer comprehensive management accounts services designed to provide you with clear, accurate, and timely financial insights. These services provide detailed insights into the financial health of a business, enabling better decision-making and strategic planning. Here's an overview of what these services include:

Key Components of Management Accounts Preparation Services

1. Data Collection and Organization

• Transaction Recording: Accurate recording of all financial transactions, including sales, expenses, and other income.
• Data Entry: Systematic entry of financial data into accounting software.
• Reconciliation: Regular reconciliation of accounts, including bank statements, credit card statements, and supplier accounts.

2. Financial Statement Preparation

• Profit and Loss Statements: Detailed profit and loss accounts to show the performance over a specific period.
• Balance Sheets: Preparation of balance sheets to reflect the financial position at a given point in time.
• Cash Flow Statements: Cash flow analysis to show how money is moving in and out of the business.

3. Analysis and Reporting

• Variance Analysis: Comparison of actual performance against budgets or forecasts to identify variances and their causes.
• Key Performance Indicators (KPIs): Identification and reporting of KPIs relevant to the business’s goals.
• Trend Analysis: Analysis of financial trends over time to provide insights into business performance and future projections.