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Book Keeping

BOOK KEEPING

I. Payables

▪ Suppliers
▪ Vendors
▪ Others (vehicle costs, petty cash, etc.)

These are captured using a monthly real expense sheet showing the budget against actual expenditure.

II. Receivables

▪ Customers
▪ Other Inflows

III. Bank*

▪ Cheque Payments
▪ Monthly Bank Reconciliation
▪ Correspondences

*100% dedicated bank account with checks and balance system, comprising of 2 or 3 layers of authorizations, both local and international, to minimize/eliminate risk of fraud, including cybercrime.

IV. Taxation and Fiscal Services

▪ Computation and remittance of applicable taxes
▪ Filing of monthly tax returns
▪ Interfacing with tax authorities about the services involved in items above

V. Periodic Reporting

▪ Management Accounts
▪ Final Year Accounts For Audit Purpose

VI. Pension Fund Remittances