Accounting & Bookkeeping Services

Financial Recording: Recording and organizing financial transactions, such as sales, purchases, receipts, and payments, in appropriate ledgers or accounting software.

General Ledger Maintenance: Maintaining a general ledger, which is a comprehensive record of all financial transactions and accounts of a business.

Bank Reconciliation: Regularly reconciling bank statements with the company's accounting records to ensure accurate and complete financial data.

Accounts Payable Management: Managing and tracking vendor invoices, ensuring timely payments, and maintaining accurate records of outstanding payables.

Accounts Receivable Management: Managing customer invoices, tracking receivables, following up on overdue payments, and recording collections.

Payroll Processing: Calculating employee wages, taxes, and benefits, issuing paychecks, and preparing payroll tax returns.

Financial Statements Preparation: Compiling and preparing financial statements, including balance sheets, income statements, and cash flow statements, to provide an overview of the company's financial position.

Tax Preparation Services : Preparing and filing various tax returns, such as income tax, sales tax, and payroll tax returns, in compliance with applicable tax laws and regulations.

Financial Analysis: Analyzing financial data to provide insights into the company's financial performance, profitability, and cash flow management.

Financial Advisory Services: Providing guidance and advice on financial matters, such as budgeting, cost control, investment decisions, and financial planning.

Comments

Post a Comment

Popular posts from this blog

Hotel business allowed carry forward loss for eight years

The amendment has been introduced through Finance Act, 2020, which was recently approved by the National Assembly. A new sub-section 2B of Section 57 to Income Tax Ordinance, 2001. The new sub-section is as: Sub-section 2B: Where a loss, referred to in sub-section (2), relating to a tax year commencing on or after the first day of July 2020 is sustained by a resident company engaged in the hotel business in Pakistan, the said loss shall be carried forward for a period of eight years.” The sub-section of the Section 57 before the amendment is read as: (2) If a loss sustained by a person for a tax year under the head “Income from Business” is not wholly set off under sub-section (1), then the amount of the loss not set off shall be carried forward to the following tax year and applied as specified in sub-section (1) in that year, and so on, but no loss can be carried forward to more than six tax years immediately succeeding the tax year for which the loss was first computed. ta
Read more

HOW TO REGISTER NGO IN PAKISTAN

How to register NGO in Pakistan  Choose a Name: Select a unique name for your NGO that is not already registered or being used by any other organization. Ensure that the name reflects the nature and objectives of your NGO. Draft the Memorandum and Articles of Association: Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) for your NGO. These documents outline the objectives, rules, and regulations of the organization. Include details such as the name, address, objectives, governance structure, membership criteria, and dissolution procedure of the NGO. Form a Governing Body: Assemble a governing body or a board of directors for the NGO. This body will be responsible for managing and making decisions on behalf of the organization. Ensure that the members are committed to the NGO's mission and have the necessary skills and expertise. Documentation and Filing: Prepare the required documents, including the MOA, AOA, and a list of governing body members. Comple
Read more