Finance and accountancy
Considering outsourcing the accounting for your existing or future company? The establishment and management of accounting systems within both local and international environments is also one of our core areas of expertise. We look after all the accounting and fiscal tasks so that you can focus on your business.Financial accounting is an important managerial instrument of a company in that it reflects the financial position of an enterprise to the public at large (personnel, customers, suppliers, shareholders etc.). In essence, financial accounting serves to establish the financial consequences of business processes, analyse results and gather various information. The correct specific commercial values are recorded in the cost accounting. As with financial accounting, cost accounting is an important managerial instrument of a company that, on the basis of financial accounting, is applied as an internal accounting process (actual values – not tax-optimised).
We provide support as required in relation to the establishment and management of your accounting system, with qualified and experienced staff on hand who are only too happy to help.
Accounts receivable and accounts payable accounting
The area of accounts receivable and accounts payable bookkeeping is a significant sub-domain of financial accounting. In fact, both these sub-areas are gaining ever-greater importance, above all, in relation to liquidity policy and as a corporate financing option.
Value added tax
Although practically all companies pay value added tax (VAT), this concerns what is perhaps the most unique form of tax of all. The basic system of value added tax for companies may appear relatively simple; however, the apparent simplicity conceals considerable risks that can impact negatively on a company’s finances and which, in the case of a false declaration or defects in form, may well have far-reaching implications – particularly where they concern the EU area.
Asset accounting
Asset accounting records the general level of inventory as well as the specific changes in property, plant and equipment, thereby ascertaining imputed, tax and balance sheet depreciation. By way of the asset statement, asset accounting provides the management with the basis of information required to enable decisions on new or existing assets.
Budgeting
Budget target amounts to be retained by individual administrative departments must be constantly compared and coordinated with actual figures (according to bookkeeping); short-term financing measures may well be necessary to maintain the company’s liquidity and ability to pay.
We are only too happy to advise you on the various options that are available to you.
Liquidity plans
Preparation of a liquidity plan is strongly recommended to ensure the liquidity of the company is maintained at all times. Prompt recourse to precautionary measures based on trends revealed under the liquidity plan can prevent cash flow problems.
We offer guidance and support in all the above-stated matters, while constantly striving to obtain the best possible outcome for your company.
Controlling
Controlling is a coordination, information and management concept that serves as an advisory tool for the company management through the collection, organisation and analysis of data. Controlling is also a management information system that controls the objective compliance of all targeted action as well as the target/actual comparison.