Financial accounting services includes bookkeeping of the financial administration of all incoming / outgoing invoices and documents. Clients will be assisted with this process as the administration will become more transparent and efficient with ease of finding the necessary information. The setting up of the process will be straight forward, documented and archived according to the bookkeeping year. Also, other general ledger bookings that requires input data into the bookkeeping /accounting system is part of the service, this includes loan administration, payroll, changes in investments, dividend payments, capital payments etc.
Furthermore, financial figures within contracts will be accounted for according to the financial rules and regulations. The process will be set up according to its frequency and urgency as journal bookings will be set in the system and documented for the financial closing period. The accounting of bank payments will also require input, as payments will be executed in the payment system and the reconciliation of these will occur in the bookkeeping /accounting system.
Start-up clients that are new to bookkeeping will receive guidance as to which bookkeeping /accounting system is needed for their business. We will guide you through the implementation process that involves documenting the system for daily use. Aside from this implementation the financial accounts will be set up and documented as part of the chart of accounts for the use of the journals that is needed to account for the finances. Eventually this process will be included in the accounting manual that is based on the accounting rules that is applicable for your business.