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FAQs

What is an outsourced accounting service?

For a fixed monthly fee, we will take care of all your accounting, payroll and tax daily functions.

The arrangement is structured to suit each specific client, but the objective is always the same – to give you peace of mind and to provide up to date management accounts.

Not only will it afford you more to time to focus on important matters it will also save your business important cash flow.

How does outsourced accounting work?

We discuss your needs, find the best solution for your business and outline the responsibilities Your Accountant will complete to your satisfaction.

Every client gets a personal accountant assigned to their portfolio – an accounting contact should any queries or need of assistance arise.

Your Accountant will look after your affairs and make sure that all the work that needs to be completed, gets completed accurately on time every time.

What services can be outsourced?

Your Accountant offers all the services expected from a reputable accounting firm. Your monthly package will be tailored according to your needs such as:

• Monthly bookkeeping
• Prepare and submit statutory returns such as VAT, WHT etc
• Payroll services
• Management accounts
• Annual financial statements
• Income tax returns
• Secretarial work including the annual CAC return
• Any other accounting and tax service that you may require

Can I have access to reports on a Quarterly Basis instead of Monthly because I don’t normally have many transactions on a monthly basis?

Yes, with Finsolve you can get access to quarterly reports instead of monthly, only if you can provide the adequate and necessary information that will be needed for the preparation of the Quarterly Financial statement.

If I’m required to send my bank statements to a Finsolve accountant, how safe are my details?

Very safe, high level of Confidentiality is guaranteed, since a certified Accountant will be handling your books.

What are the other benefits Finsolve brings if I have an In-house Accountant?

A lot of benefits:

– Reduction in existing cost on account personnel

– Giving business and financial advice on strategies to implement to expand the business

– Reporting on the financial performance on a monthly basis to spot any changes in performance level

– Facilitating your business to be tax compliance

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Our fees are based on your requirements. What responsibilities you would assign to “Your Accountant” and what skills are involved. The monthly fee will be fixed for a year as per agreement.
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