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Accounting and Bookkeeping

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Accounting and Bookkeeping
Outsourced Bookkeeping services
Advantages of Good Bookkeeping
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Accounting plays a dynamic role in the success of any business enterprise. A business unit is started by owners to increase their wealth and or offer better services like Not for Profit Organizations.This transactions may be of diversified nature e.g. retail or wholesale trade, import or export of goods and conversion of raw materials into manufactured goods.

Every business enterprise is treated a separate unit than its owners for accounting purposes. Accounting principles must be applied by all these enterprises to achieve their objectives. It is a legal requirements that proper records should be maintained in order to determine taxes payable in Kenya. failure to keep these records will attract penalties and interest.

Outsourced Accounting services

  • Accounting System set up
  • Financial Statements and reports
  • Budgetary control
  • Inventory Control
  • Internal Control System
  • Non Statutory Audits
  • Income (profit loss) statement
  • Balance Sheet
  • Cash flow statement
  • Preparation of monthly management accounts

Advantages of Accounting

  • Ascertainment of profit and loss
  • To facilitate credit transactions
  • Assessment of tax
  • Evaluation of assets and liabilities
  • Tool for control
  • Base for further planning

 

get in touch with us: + 254 735 679 308 | 020 2400 366 | This e-mail address is being protected from spambots. You need JavaScript enabled to view it | www.laxiaafrica.com


 

Outsourced Bookkeeping services

Bookkeeping services like the maintenance of general ledger, accounts payable and accounts receivable, inventory, payroll, maintenance and estimation of fixed assets, reconciliation of bank accounts and credit cards, etc. could be outsourced. Below are some of the bookkeeping services we offer;

  • General ledger
  • Accounts payable
  • Cash application
  • Bank/credit card reconciliation
  • Payroll
  • Inventory
  • Fixed Assets

 

get in touch with us: + 254 735 679 308 | 020 2400 366 | This e-mail address is being protected from spambots. You need JavaScript enabled to view it | www.laxiaafrica.com


 

Advantages of Good Bookkeeping

Many people find it expensive hiring an accountant or book keeper. However, it has been proofed that 90% of businesses which do not maintain proper books of accounts fail. The main reason is owners or directors of these organizations use cash as a means of managing the business. Why is this risky? Cash in the business does not amount to profits and that's why when the owners feel that the business is solvent and in good health they eventually cannot manage the outstanding liabilities.

Business reports helps you determine how much profits you have made during a period and how much you have received in terms of cash and account for the amount spent. This will help the owner budget of cash requirements in the future and even plan for external financing where necessary. If you need further details on what you will do to keep proper records, talk to us for a free consultation.


get in touch with us: + 254 735 679 308 | 020 2400 366 | This e-mail address is being protected from spambots. You need JavaScript enabled to view it | www.laxiaafrica.com