Accounting & Bookkeeping
Farahat & Co. offer a full array of accounting and financial reporting services to meet the diverse needs of various types of business. You can benefit from our expertise in all areas of financial planning, accountancy or business development and realise your potential for financial growth.
Our services include
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Financial accounting services
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General accounting services
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Accounting system design & implementation
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Bank statement reconciliation
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Financial analysis
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Records management
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MIS Reports
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Accounts payable
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Accounts receivable
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Cash flow statements
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Cash disbursements
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Credit and collection
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Cash application
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Payroll
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Budgeting
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Financial reporting
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Asset accounting management
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Depreciation and amortization schedules
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General ledgers
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Ratio analysis
Outsource your Accounting & Bookkeeping
Now is this time! Farahat & Co. has pleasure in announcing to all their clients, the launching of a new Outsourcing Service for "Accounting & Bookkeeping". By introducing this new service, our aim at Farahat & Co. is to give our clients peace of mind, with a more relaxed approach to all their bookkeeping and accounting requirements. No longer will it be necessary for you to hire a full time or even part-time accountant. By outsourcing your Accounting & Bookkeeping, you will not only minimize your expenses, but you will also have the privilege of using the expertise of our team of professional skilled accountants.
What are the output reports you will get from "Out-sourcing of Accounting & Bookkeeping”?
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Journal entries preparation
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Posting of journal entries
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Posting of Revenue / Sales
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Posting of Receipts
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Posting of Payments
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Posting of Purchase Invoices
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Petty Cash Accounting
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Posting of material issued
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Posting of material received
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Projects Accounts
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Administration and general expenses
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Fixed assets, depreciation
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Banks reconciliation
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Accounts Receivable
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Accounts Payable reporting
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Credit and debit adjustments
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Monthly Trial Balance reporting
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Yearly Balance Sheet
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Profit & Loss Account
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Cash Flow Statement
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Payroll accounting
Now is the time to Contact Farahat & Co. and sign up for these services!!!
It is so easy, Just contact one of our Sales Consultants, who will guide you through the initial procedures Our fees, which are very competitive, will be based on the volume of transactions / accounting papers
Service Packages
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Package 1
In-house
We will handle your accounting and bookkeeping "in-house" (in our office) and we will provide you with monthly or any other reports whenever required. |
Package 2
At Your Office
We will handle your Accounting & Bookkeeping at your office premises. We will make weekly, monthly and/or quarterly visits to do the work. |
Package 3
Year-end Closing
On receipt of your yearly accounting documents our team can finalize the closing of the year-end
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Package 4
Customized Bookkeeping
We can customize a bookkeeping/accounting plan or procedure to suit your business needs. |
Why Outsource Your Company's Accounting Functions?
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The appeal of outsourcing is currently stronger than ever, as organisations seek to combat the ongoing challenges of skills shortage and cost control, whilst remaining focused on the core activities which give the business its competitive advantage.
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By working alongside you, we keep you informed about your business as it progresses on a daily/monthly basis. There is no need to wait until the year end to discover if your business is profitable.
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Using an outsourcing firm is less expensive and more personable than using a BIG accounting office.
What are the benefits of Outsourcing?
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Outsourcing gives you the flexibility to have help available as and when you need it. You avoid the cost of employing people when they are not required, and reduce employee related expenses, such as salaries, benefits and training.
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Through outsourcing, the provider can help eliminate unnecessary operating costs while reducing and bringing other administrative costs under better control.
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Outsourcing allows management to focus more time and energy on the company's core business.
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By outsourcing, a company can have access to advanced technology to support the accounting process with less equipment and training of staff. The outsourcer assumes full responsibility for managing the day-to-day back-office operations.
