Business Services and Outsourcing
Business Plans
We prepare the business plans as per needs of clients and using our unique methodology to minimize the business loss of the client
Accounting Services
Quality bookkeeping is very important to any business in Pakistan, we offer these services to ensure that as an outsourcing partner, the financial transactions and records of the company are kept up-to-date and accurate as per International Accounting standards and guidelines
By leveraging our bookkeeping capabilities, we may help our clients to reduce the costs of routine accounting processes, allowing you on growing and developing the business in Pakistan.
How we can help
We do not restrict to give advises on how best to comply with law and regulations, but we also assist you appreciate the consequences of non-compliance to ensure you remain compliant.
We are committed for delivering global quality Finance and Accounting services with utmost precision and punctuality with every engagement we undertake:
We start with taking a complete understanding of your business and analysis of existing opted accounting workflows and processes.
The second step is to designing an outsourcing solution to address your needs and for the achievement of desired objectives.
The third step is to ensure a smooth transition phase.
The last and important step is running a steady-state operation that takes your Finance & Accounting function a step forward and aims for continuous performance improvement of entity.
We delivers a full range of finance and accounting support services across the entire finance value chain. Our key Finance & Accounting services are as follows:
- Setting up the Financial Accounting system QuickBooks, Tally, SAP, Xero, Fig, etc.
- Creation of charts of accounts in line with the client’s reporting requirements and International Accounting and Audit standards
- Preparation of annual and periodic financial statements in accordance with accounting and reporting standards as applicable in Pakistan
- Designing and establishing a Standard Operating Procedures which includes a reporting mechanism for management purposes
- Preparation of fixed assets register/record
- Accounts receivable, doubtful debts and payable management
- Bank reconciliations
- Analyzing and processing the expenses incurred by the entity/employee on a monthly/quarterly/yearly basis and preparing a cumulative report
- Audit coordination to meet auditor's expectations and questions
- Assist in responding to queries from tax authority from an accounting perspective, such as gathering required data.
Payroll Services
Payroll processing is a time-consuming as well as a critical and crucialcorporate activity.
By taking away this task your staff is freed to focus on more creative and productive work.
It is visible that number of business owners and executive managers have also been shifting towards payroll outsourcing to ensure confidentiality of payroll data, which is not normally possible if handled in-house.
We tailors payroll services to meet your needs and to make sure you comply with all local regulations and to minimize the burden on your staff.The processes we perform in carrying out the payroll services are:
- Obtaining National tax number (NTN) for employees who do not hold it.
- Understanding client’s payroll and wage types involved and set them up in the payroll software, if required
- Obtaining monthly payroll information
- Attendance
- Deductions of tax, loan recoveries etc
- Changes in salaries
- Other relevant information
- Preparation of tax computations of employees.
- Preparation of monthly payroll for the staff based on information provided by the management giving details of salaries and deductions.
- payroll for management approval and transfer of amount for salary payments and withholding tax payments.
- Upon obtaining approval,transferring salaries to the individual’sgiven bank account details after deducting tax and other pre-approved deductions.
- Preparation of monthly payslips for employees.
- Deposit of payroll withholding taxes into the Government Treasury.
- Maintain records of monthly deductions.
- Sharing of the copy of monthly payroll for the Company’s records.