Bookkeeping - Managerial Accounting for Organizations

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Managerial Accounting for Organizations

Large and small organizations requiring assistance with sound and profitable financial management will find a comprehensive array of services with us that supports not only the ongoing management of the organization but also its continued development and efficiency. Our managerial accounting department assists many of the largest organizations in the economy with all aspects of their accounting, while providing financial data to managers within the organization. This aims to help them make operational and strategic decisions that enable them to continue managing the organization with a strong hand, meet standards of sound management, improve financial performance, and bolster trust with donors and regulatory bodies inside and outside the organization.

department services

  • Ongoing Management: Handling ledgers, invoice entry, bank and supplier reconciliations, petty cash management, and payroll entries.
  • Reconciliations & Reports: Performing bank and supplier reconciliations, income entry, provident fund reconciliations, and preparing periodic profit and loss statements reflecting the business's real-time status.
  • Preparation for Audit & Tax Authorities: Preparing a comprehensive file for auditor review (including closing supplier reconciliations, payroll reconciliations, fixed asset entry, and balance management), and handling payments and reconciliations with tax authorities (VAT, Income Tax, National Insurance).
  • Cash Flow & Credit Management: Performing reconciliations against bank deposits (cash, checks, credit cards) and managing interactions with credit card companies.
  • Building a Managerial Accounting System tailored for non-profits.
  • Decision-Supporting Information Provision: Collecting, analyzing, and presenting relevant financial and non-financial data to managers (e.g., budget variance analysis).
  • Internal Financial Consulting: Providing advice and guidance to various departments within the organization on efficiency, profitability, and resource utilization.
  • Process Improvement: Identifying opportunities to improve operational and financial processes, with the goal reducing costs and enhancing profitability.

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