ACCOUNTING
Hawi and associates offers the following accounting services;
Maintenance of accounting software: We have a vast knowledge of accounting soft wares like sage and QuickBooks that are essential in the modern day running of businesses. Our staff provides the software and maintains it on behalf of our clients. We guide clients on using the accounting soft wares and provide advice wherever necessary.
Bookkeeping using accounting software and generating reports:
Bookkeeping is a vital process of accounting. Bookkeeping is the recording of the day-to-day transactions of a business. Our accountants are well versed with QuickBooks and other accounting systems and software. We will ensure that clients’ records are precise, accurate, up-to-date and comprehensive and reports are generated and presented on time.
Preparation of financial statements as per statutory requirements including periodic accounts:
Financial statements are important for the success of a business. They depict the performance of the business and can help steer the business in the right direction. We aim to make sure that our clients’ financial statements are compliant with the Generally Accepted Accounting Principles.
Accounting advice:
Our team of accountants have immense knowledge on accounting policies and financial reporting standards. Our accountants keep up-to-date with changes in accounting policies and procedures and are therefore well placed to offer reliable advice to individuals and businesses on all issues including adoption of new accounting policies, preparation of financial statements that are IFRS compliant, review of notes to financial statements, internal accounting controls, bookkeeping, accounting systems and software, QuickBooks management among others.
Preparation and review of accounting manuals:
Accounting manuals contain rules, policies, guidelines, procedures and standards for corporate accounts that are specific to an organization. Our accountants will prepare clear and concise accounting manuals that will be a great guide to your company or business. We will also review any accounting manuals or specific areas of the manual for omissions, errors and ensure the manuals are compliant and disclosure requirements are met. Our accountants will also offer professional and reasonable advice and input.
Bank Reconciliation:
Bank reconciliation is a process that provides an explanation on the differences between the bank balance as per the bank statement and the balance as per the cashbook of the organization. Our accountants will prepare monthly bank reconciliations for our clients and communicate any issues on time.
Verifications i.e.
General ledger entries and trial balance monitoring: The trial balance checks the arithmetic accuracy of the general ledger and ensures that double-entry concept of posting entries in accounts was accurately observed. Our accountants will monitor the trial balance on a monthly basis to ensure all entries are posted in their correct ledger accounts and the duality concept of accounting is followed. This will ensure accurate and easier preparation of financial statements at year end.
Business plans and projections:
Business plans and projections are an important tool in seeking financing as they help convince investors, lenders and other stakeholders that the business venture is profitable and worth investing in. A good business plan will go a long way in paving a strategic niche in the market for a company or business because it helps a company in budgeting and acts as a roadmap to success. Our accountants understand the competitive environment of businesses, challenges faced by both small and large companies and the importance of a well-drafted business plan. We prepare an all-important business plan and projection to enable you raise finances. We identify your requirements and assist you in creating a plan that will raise finance from external services. We prepare realistic, precise and practical business plans and projections for our clients that will propel them to financial and economic success.
