OUR SERVICES

WE ARE AAT LICENSED ACCOUNTANTS, WHO ARE ENGAGED IN PUBLIC PRACTICE, TO PROVIDE THE FOLLOWING SERVICES: 

(1) - BOOKKEEPING.

This is the recording of actual transactions in monetary terms to Trial Balance only, without any adjustments.  

It specifically excludes the calculation of actual transactions, for example the calculations of Depreciation, Accruals, Prepayments and Work-In-Progress.  

This includes the recording of the actual transactions in the Daybooks, which are in the Journal, or software, which are recorded in date order, on a daily basis, which are not part of the double entry.  

Then posting the recorded transactions from the Daybooks, to the specific Accounts in the Nominal (General) Ledger, for example: Sales Ledger, Purchase Ledger and Bank Account, on a monthly basis, which are part of the double entry.  

Then completing the Bank Reconciliation, by comparing the Bank Statements with the Accounts in the Nominal (General) Ledger, to ensure accuracy.

Then listing all Nominal (General) Ledger balances, (debits and credits), to ensure they match, to ensure total debits equal total credits, serving as a check for accuracy before passing records to an Accountant.  

(2) - MANAGEMENT ACCOUNTING.

This is for internal purposes, for the Owners, Managers or Management Team of the Business, to help them make better informed Management Decisions.  This is the preparation of summarised Accounting Data Reports. 

(3) - BUDGETING AND FORECASTING.

This is for internal purposes, for the Owners, Managers or Management Team of the Business, to help them make better informed Management Decisions.  This is the preparation of Financial Reports before the accounting period(s), which are crucial for tracking real-time financial health, enabling proactive decision-making and ensuring compliance.  

Budgeting often sets the initial goals, before Forecasting updates them, also Budgeting sets targets (what you want to happen), while Forecasting predicts future performance (what you think will happen).  Budgeting is a structured plan for a fixed period (e.g., annual) based on goals, Forecasting is a dynamic, updated estimate based on actual performance and trends and together they form a complete Financial Strategy, with Budgeting ensuring direction and Forecasting providing agility.

(4) - FINANCIAL ACCOUNTING AND ACCOUNTS PREPARATION FOR NON STATUTORY PURPOSES (UNINCORPORATED BUSINESSES). 

The preparation of the Financial Accounts, which excludes any Accounts required for Statutory purposes, under the prevailing Companies Acts.

(5) - FINANCIAL ACCOUNTING AND ACCOUNTS PREPARATION FOR STATUTORY PURPOSES (INCORPORATED BUSINESSES).

The preparation of the Full and Abbreviated Statutory Accounts that are compliant with prevailing legislation, including the Companies Act, and relevant Accounting Standard(s).

(6) - PAYROLL.

(7) - VALUE ADDED TAX.

(8) - PERSONAL INCOME TAX.

(9) - BUSINESSES INCOME TAX.

(10) - CORPORATION TAX.

(11) - CAPITAL GAINS TAX.

(12) - COMPANY SECRETARIAL SERVICES.