Accounting Services
Accounting is the language of business
Maintaining daily books of accounts, creating general ledgers & charts of account that help in generating accurate trial balance and financial information to prepare monthly, interim and annual financial statements. At Precision Assurance Consult, we do this by helping our clients with the best internal control structures to enable them enter accurate financial data into the accounting system.
We provide accurate payroll management and statutory filing services to ensure that our clients comply with both best business practices and regulatory requirements. This include: employees data management, salary payments, employees' deductions, overtime allowances, bonuses, end of services benefits computations, long service benefits computations, Tier 1, 2 & 3 filing, PAYE filings, and other benefits in kind computations and filings.
Complete statement of Accounts include: Statement of Income and Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash flow, and other explanatory notes to the accounts. We prepare complete financial statements for our clients that comply with the International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), and the National Accounting Standard.
Our Management reporting service involves the recording and analyzing of our clients' financial data and furthermore using the same data collected to aid in budgeting and forecasting, cost management, asset management and performance analysis and evaluations. We provide reports that will aid our clients to formulate the best management decisions and useful in their reporting.
Here at Precision Assurance Consult, we believe that working capital forms the major part of every business and therefore having an effective working capital management system is the first step for long term growth. We help our clients with the strategies to enhance their business collection rate, payment periods and ensure fast processing of invoices, inventory management, and the management of cash operating cycles.
Our bookkeeping and Accounting services for our clients’ financial records are done accurately to help find any inconsistency. We go the extra mile to help our clients’ businesses to manage the discrepancies in the cash books, bank, inventories, receivables, and payables statements the whiles providing accurate reports for decision making.
Our clients normally engage us to prepare report to meet specific business requirements in emergency decision making situation. This report is at the request of our clients which we also think will be in the best interest of the client to help the business to grow. It can be a daily, weekly, or monthly report depending on the nature of the report and clients' requirements