Our accounting department enables all companies, regardless of the size, to benefit from having a professional high-skilled accountant at your service for a small fee. A tailored chart of accounts is created per client and a regular follow up is undertaken.
ACCOUNTING
Cost Accounting Control
As a business owner you have more important things to do than to keep your own records. At Audaccon, we take care of your books giving you the time and peace of mind to run your business and generate profits. We also help you reach your financial targets by initiating ways to cut costs through methods such as cutting back, moving to a less expensive plan or changing service providers.
Internal Control Implementing Systems & Procedures
The Internal Control System (ICS) is one of the key management instruments at an organization’s disposal. Internal controls procedures ensure the continued reliability of accounting systems. Accuracy and reliability are paramount in the accounting world. Without accurate accounting records, managers cannot make fully informed financial decisions, and financial reports can contain errors.
Bookkeeping & Consolidation
Whether you are a start-up business, a growing business or a mature corporation, Audaccon has the expertise to help you. Through prompt and timely service, along with an intimate knowledge of the rules and regulations, we can keep you ahead of government deadlines, maintain order in your internal financial systems, and reduce the headaches that come with owning a business.
Audaccon performs vital accounting functions, such as accounts payable/receivable, payroll, general ledger accounting, bank reconciliations, financial statement preparation, and financial analysis.
Implementing Information Systems
Implementing any new business information system or updating a current system is a drain on a company's most valuable resources…time and people, to name a few. As we know, companies need to implement Accounting Information Systems that can contribute to help reconcile and collect data and information that can give the economic impact and intangible benefits on the organization. Audaccon assists in analyzing current running programs to identify the weakness and information needs to reduce time required to perform financial process.
Preparation of Financial Statements
Business managers, investors, and many others depend on financial reports for information regarding your entity’s performance and condition. We can smooth the process by providing regular financial statements such as Income Statement, also known as Profit & Loss “P&L” Statement, and Balance Sheet that help you get a hand on the financial strength and capabilities of your business, identify, and analyze trends particularly in the area of payables and receivables.