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