This range of services are designed to help small and medium-sized businesses improve overall financial administrative and reporting efficiencies. With these services, enterprises can realize significant benefits including cost savings, mitigation of the risk of fraud or embezzlement and improvement in the overall quality and timeliness of the financial reports produced.
Specifically, the controllership, accounting and business support services include the following:
General accounting services
- Compilation and Bookkeeping
- Preparation of periodic financial statements and related schedules
- Preparation of financial analyses
- Payroll processing
- Preparation of tax returns and annual reports
- Cash receipts processing and receivables management
- Cash disbursement processing and payables management
- Maintaining inventory records and assistance in inventory count
- Reconciliation of accounts, including preparation of bank reconciliations
Controllership
- Regular review of financial position with the CEO
- Cash management
- Establishment and documentation of policies and procedures
- Preparation of budgets and management of the budget cycle
- Presentations to board of directors and other governing bodies
- Business support
- Processing of business registration with government agencies (e.g., SEC, BIR, DTI, Local business bureaus)
- Applications with SSS, PHIC and HDMF
- Facilitation of the conduct of pre-employment processes such as job posting, initial interview and screening and short listing of potential candidates
- Filing of mandatory remittances to various regulatory agencies such as the BIR, SSS, PHIC and HDMF.