Precision-Driven Decisions
Accounting and finance plays a central role in business management. All transactions of a business need to be accounted for accurately for the proper management and deployment of resources. Good accounting practices not only enable efficient business management, but also ensure compliance with relevant standards and statutory requirements.
We help organizations improve their efficiency, streamline processes, maintain compliance and reduce costs by offering following services:
Bookkeeping involves the systematic recording and organizing of financial transactions in a business. It is an integral part of accounting as it serves as the basis for all accounting tasks. Bookkeeping allows businesses to monitor their revenue and expenses, thus providing insights into the business's financial health. Good bookkeeping practices ensure compliance with relevant standards and statutory requirements, enable you to manage your resources effectively, and can help identify growth opportunities or potential financial issues in advance.
In Pakistan, different Accounting and Financial Reporting requirements prevail for different type of organizations. For example, Listed Companies, Public Interest Companies (PIC) and Large Sized Companies (LSC) including LSC and PIC licensed under section 42 of Companies Ordinance, 1984 need to comply with International Financial Reporting Standards issued by International Accounting Standards Board (IASB) and notified by Securities and Exchange Commission of Pakistan (SECP). Medium and Small Sized Companies are required to apply IFRS for Small and Medium sized entities issued by IASB as adopted by the Council of ICAP and notified by SECP. Other Companies may apply generally accepted accounting practices. Accounting and Financial Reporting requirements are also governed under different Laws including Companies Ordinance, 1984, Trust Act 1882 and Income Tax Ordinance, 2001 and many more.
Bookkeeping services are valuable for businesses of all sizes and across various industries. Whether you are a small startup, a mid-sized enterprise, or a large corporation, maintaining accurate financial records is essential for sustainable growth and success.
