Accounting Services
Accounting Services
Cashflow Management
Payroll Management Service
Accounting Services
As a small business owner you have more important things to do than to keep own books. We take care of books for you, so you can get back to the job of running business and generating profits!
How Finsolve Works
We get you set up
- First, we’ll provide you with a competent accountant that you’ll work with. They’ll get to understand the uniqueness of your business
Run a detailed business analysis
- Then, we would run a detailed business analysis to identify your business needs and determine the best solutions to any business problems.
We do your bookkeeping
- Every month, your account manager gets to work on your books. You’ll get financial reports to let you keep track of your business performance.
Each month or quarter we’ll do the following things for you…
- Posting daily transactions.
- Reconciliation of accounts on a monthly basis.
- Monthly Income Statement.
- Monthly Management Report.
- Payment Cycle Planning.
- Cost Control Advisory.
- Accounting process design and optimization.
These tasks form the solid foundation of small and medium scale business accounting systems.
You can customize the package of services you receive by adding payroll management, tax planning, tax preparation, or any of our other services.
Finsolve also offers client specific services tailored to meet the businesses need
Other accounting services;
- Financial statement preparation
- Audit readiness service
- Fixed Asset Management service
- Account system set-up
- Account reconciliation and reconstruction
- Temporary finance management
- IFRS Advisory Service and training
Financial Statements Preparation
Preparation of financial statement and reporting packages for internal and external requirements with a focus on management, corporate and statutory requirements. Our service methodology includes conversion of financial statements to align with regional and /or global statutory requirements. (e.g local GAAP to IFRS)
Audit Readiness Service
Our goal is to work with your team, to get you audit-ready as efficiently as possible. With our specialist knowledge of audit requirements and procedures, we are quick to assess your current state of readiness. Working with these outcomes, we then develop and implement a plan designed to help you achieve your audit-readiness performance goals.
Fixed Asset Management Service
We see efficient and disciplined fixed asset management processes as a key enabler to maintaining quality financial and management information. We assist in constructing or reconstructing a complete and accurate fixed asset register that is IFRS Compliant.
Our service include physically verifying and tagging all fixed assets, measuring and recording each asset with its corresponding carrying value and useful life, manage data migration process and diagnostics of fixed asset procedures and controls.
Account System Setup
We help start-up businesses in the initial set-up of the full set of accounting books and records system including IFRS compliant chart of accounts, accounting policies, desk procedural manual for finance functions and regulatory compliance assessments.
Account Reconciliation and Reconstruction
Without the right skills, the right people, and the right solutions, it’s just not the same. Often our clients experience backlogs in financial processing and reporting and inaccurate management information. In these situations, we step in to perform account analysis, prepare reconciliations and provide management with input as to the breakdown in processes and controls which resulted in the error (root cause analysis).
Temporary Finance Management
We provide interim finance and accounting professionals who work as members of your management teams to establish or maintain suitable infrastructure for managing cash and accommodating growth.
IFRS Advisory Service and Training
We provide an integrated solution driven by quality. We have subject matter specialists that are available to offer you practical answers: our technical opinions are supported by a comprehensive analysis of the relevant guidance applied to your particular facts and circumstances.
We will proactively inform you on a timely basis of IFRS developments that may impact your financial reporting, in order to manage such changes appropriately.
If you’d like to know more about our Accounting Services, please book your Free Consultation below.
Cashflow Management
A wise business owner once said, “Happiness is a positive cash flow.” As a business owner, I’m sure you agree. Everything is better when your cash-in exceeds your cash-out.
A cash crisis can be emotionally devastating and it can even kill your business. If you’ve ever had to beg, borrow and steal to cover tomorrows payroll you know what I mean.
Our cash management service allows you to…
- know when, where, and how your cash needs will occur.
- know what the best sources are for meeting your additional cash needs.
- be prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors.
The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you. We can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs.
We also prepare historical cash flow statements to help you gain an understanding about where all the money went.
Creating an accurate cash flow projection is just one of the many cash management services we provide. You also get…
- Help obtaining an appropriate line of credit
- Cash collection acceleration techniques
- Proven effective collection policies
- Proven effective payment policies
- Help obtaining the maximum rate of return on your idle cash
To learn more about how we can help you avoid stressful cash shortages please book your Free Consultation below.
Payroll Management Service
1. Comprehensive Payroll Services:
Our Comprehensive Payroll Service takes care of all the payroll processing for you, so that you won’t have to. You get…
- Accurate employee data base management
- Your payroll schedules prepared and reviewed on-time, every-time
- Pay slips emailed to employees once payroll is processed
- Advise on statutory deduction remittance which include Pension, PAYE, ITF, NSITF and NHF
- Worry free FIRS and State tax reporting
- User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports
- Detailed reports on your employee’s vacation, sick days, and personal days accruals
- Your payroll records maintained in tip top shape
- Structure of employee emoluments and contracts with reference to tax laws
2. After-the-Fact-Payroll Services:
We will take your manually prepared payroll records and other payroll information; and post this information to our data files, so you get…
- Worry free FIRS and State tax reporting
- User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports
- Detailed reports on your employee’s vacation, sick days, and personal days accruals
- Your payroll records maintained in tip top shape
3. Online Payroll Processing:
You can enter your employee’s hours and earnings securely online and get…
- The ability to instantly print payroll checks on your own printer
- Worry free FIRS and State tax reporting
- User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports
- Detailed reports on your employee’s vacation, sick days, and personal days accruals
- Your payroll records maintained in tip top shape
How much do we charge?
In order to give you an accurate price for our payroll services we need to know a little more about your business and what services you’re interested in. Our prices are very affordable.
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