We streamline the financial aspects of our clients.
It is an essential task in accounting and finance that aims to produce documents reflecting the financial health, performance and financial position of a company for a given period.
We present to you some detailed aspects of our tasks.
- Our approach
Key points:
1. Collection of financial data
Gather all necessary accounting documents, such as invoices, receipts, bank statements and transaction vouchers.
Ensure that the data is complete to cover the entire period concerned.
2. Accounting for transactions
Record all accounting entries (purchases, sales, salaries, depreciation, etc.).
Check that each transaction is correctly classified and allocated to the corresponding accounts.
3. Account reconciliation
Compare bank accounts with statements to ensure they agree.
Reconcile customer, supplier and other accounts receivable/creditable.
4. Making adjustments
Enter adjusting entries, such as provisions for expenses and income, depreciation and any error corrections.
Update stocks and other current assets according to physical inventories.
5. Preparation of financial statements
Balance Sheet: Present assets, liabilities and equity as of a specific date.
Income statement: Reflect the income, expenses and net income for the financial year.
Cash flow statement: Showing cash inflows and outflows.
Appendices: Provide additional information to explain and detail the financial statements.
6. Compliance control
Check that the financial statements comply with applicable accounting standards (IFRS, local standards, etc.).
Ensure their accuracy and consistency with accounting data.
7. Presentation, validation and communication of results
Prepare a working file justifying the figures and calculations.
Submit financial statements to management, auditors or stakeholders for validation.
Transmit financial statements to stakeholders: investors, banks, tax authorities, etc.
Prepare additional reports or analyses if necessary.
