Maintaining cash flow, accurate accounting and compliance with industrial standard regulations are crucial to the financial well-being of your company. ICC offers ample services to accomplish these depending on your demands. We navigate the challenges in finance outsourcing. Our team of financial experts understand the exact needs of our clients and provide the services accordingly. Depending on your needs, we partner with you as your part-time or full-time Bookkeeper, Accountant, or the entire Accounting department.
All of our accounting services and solutions are scalable during periods of peak activity, and then can be scaled back when they are no longer required.
We help businesses keep a track of their income and expenditures at a fraction of the price. And our team is trained to work on the up-to-date tools and technologies.
Bookkeeping services we offer include.
• Routine Accounting & Book Keeping.
Maintaining the entire Account books, Ledgers, journals and Transactions processing to smoothen the business operations and make sure records are maintained accurately with security.
• Year End Accounting.
Preparation of financial statements: Profit and Loss, Balance Sheet and Cash flow statements for both external & internal purposes.
• Management Accounts and related monthly management reports.
Preparation of monthly management accounts preparation of periodic profit and loss forecasts & cash flow forecasts. Weekly reporting of aged debtors & creditors and updates on overdue debtors. Preparation of ad hoc reports on request.
• Accounts Payables/ Accounts Receivables Management.
Liaising with suppliers, Carrying out supplier reconciliations, Dealing with queries and providing payment updates to suppliers. Sales invoicing using customized templates, Customer Interaction, emailing of invoices, sending of reminders & dealing with queries, Obtaining feedback & reporting on outstanding debtors.
• Total Payroll Solutions.
Customized payroll processing and Submission of PAYE returns and EPF, ETF Payments.
• Taxation VAT & Other Tax Compliances.
Preparation of Corporate Tax Returns. VAT, SVAT, NBT, WHT return filing follow up. Using RAMIS system of the department of Inland Revenue. Preparation of Self-Assessment Tax Returns.
• Cash flow, Bank Transactions & Reconciliation.
We support multi banking operations, regular reconciliations and related transactions.
• Forecasting, Budgeting & Variance Analysis.
Preparation of customized forecasts, cost and revenue budgets and maintaining of a proper variance analysis system to identify the root cause of the variance.
• Inventory Verification Assignments.
Annual stock counting, period ad hoc stock taking, physical verification of inventory etc.
• Fixed Asset Registry.
Maintaining a fully-fledged fixed asset registry with proper coding systems, depreciation policies, and disposal or acquisition methodologies.