Let the professionals do the work.

 

Streamline your business processes to reflect the right standards within the organization by contracting your payroll, human resources (HR), finance/accounting and warehouse management to us and we will gladly take the bulk of the job off you, while giving you ample time for other administrative task.

 

 

PAYROLL

Outsourcing your company’s payroll processing function frees up resources which includes valuable human capital, and allows you to focus on projects that add value to your business. We offer professional experience in payroll management with track record in delivering accurate cost effective web-based and on-premise payroll services.

 

 

FINANCE AND ACCOUNTING

Finance and Accounting is the core of every business. Organizational growth, stability and productivity can be enhanced with the right expertise to manage this aspect of your business.

 

Our services are categorized into four major areas; Core accounting services, Financial & Management reporting services, Strategic Financial Management/CFO services, Taxation services and other services. Our focus is helping companies succeed by providing top executives of the organization with financial clarity to aid decision making in the right direction. We leverage on technology to deliver timely, accurate and relevant information. Using this financial information, we provide guidance that allows our clients to grow their business and succeed.

OUR APPROACH

The accuracy and completeness of a company's financial statements are dependent on the accounts payable process. A well-run accounts payable process will include:

 

  • the timely processing of accurate and legitimate vendor invoices,

  • accurate recording in the appropriate general ledger accounts, and

  • the accrual of obligations and expenses that have not yet been completely processed.

 

The efficiency and effectiveness of the accounts payable process will also affect the company's cash position, credit rating, and relationships with its suppliers.

 It is important for a company to monitor its accounts receivable and to immediately follow up with any customer who has not paid as agreed.

Reconciling an account often means proving or documenting that an account balance is correct. We reconcile the balance in the general ledger account to the balance shown on the bank statement.

After the sales invoices, vendor invoices, payroll and other transactions have been processed for each accounting period, some adjusting entries are still required. The adjusting entries will involve:

 

  • revenues and assets that were earned, but not yet entered into the software

  • expenses and liabilities that were incurred, but not yet entered into the software

  • prepayments that are no longer prepaid

  • recording depreciation expense, bad debts expense, etc.

The accounting for payroll involves all aspects of paying compensation and benefits to employees. The outcome of this process is precise records regarding the expenses associated with all types of compensation, as well as timely payments to employees.

 

Payroll process includes calculating the basic pay for the employee, deducting their tax, adding allowances, deducting specific amounts for insurance and providence funds; claims for medical bills, housing, holiday payments, and others could also be added. Calculating the salary of an employee is a tedious task and that tedious task we can take away.

 

If you would like to discuss your business needs, kindly get in touch with us with the below form and one of our Consultant will be in contact with you within 24 hours.

TM

 

© 2020. AGL CONSULTING LIMITED. All rights reserved.