Accounting

Set up of accounting systems & training of staff- Depending on the client's business and economic activity, we set up and customize an accounting system to accommodate the client needs. The chart of accounts is also tailor made to reflect the various business aspects of the client; i.e. inventory (where the client deals with FMCG and other goods), Work-in-progress accounts for e.g. Construction firms. This may also involve training of staff on how to use the system. Book keeping & entries, Statement reconciliations - This involves daily, weekly or monthly capture of data upon completion of financial system set-up. This includes but is not limited to; sales captured in form of invoices or sales receipts, Company expenditure raised as expenses or bills, inventory and tax payments passed on I-tax. Bank and cash (petty cash and or M-pesa) reconciliations are also included. Preparation & analysis of management reports- including but not limited to the profit and loss statement and balance sheet statement. Cash-flow projections & Analysis – Check on company cash inflow and outflow to ensure all company bills due are paid in time. Preparation of budgets & forecasts based on previous revenues, expenditure and statements. Follow up on late invoices & payment of suppliers- ensure that accounts receivables don't exceed 90 days unless otherwise. Follow up with suppliers for invoices, statements and payment. Preparation of Payroll- Monthly payroll with accompanying pay slips for all employees. Filing of NSSF and NHIF