Accounting & Book-keeping

Accounting

Accounting is the financial backbone of any business. In the world of accounts, bookkeeping can be regarded as the initial foundation whereas accounting is the building that stands on the support made by bookkeeping. Accounting is referred to as one of the strongest pillars that hold the stability of a company and allows a company to think and act accordingly. Bookkeeping is the ground that keeps a record of the financial transactions that take place while dealing with day-to-day business activities, while the concept of accounting is much broader that blends steps like recording, classifying, analyzing, reporting and summarizing the data recorded. Be it a small or a big, national or multi-national organization, the concept of accounting is accepted internationally and that is why managing them becomes extremely important.

Accounting Services in Nigeria

As already mentioned, the scope of accounting has reached to the next level in today’s globally competitive market. Any country in this world has got their own challenges in the field of accounting. In Nigeria, Accounting is not triggered by tax for individuals but has got to do with corporates. The accounting firms in Nigeria has significantly increased which gave a push to a large number of an accountants in Nigeria.  Let’s have a look at the accounting services in Nigeria that a company needs to avail.

• Company profile setup
• Maintenance of bills
• Maintenance of customer invoice and payments
• Reconciliation of bank statements
• Custom-designed reports
• Quarterly budget reviews
• Payroll and tax management
• Bookkeeping and Reporting Services in accordance with IFRS  requirements
• Monthly Bookkeeping to track on each transaction
• Financial reports that include the preparation of Balance Sheet, Income Statement, Trial Balance
• Accounts Payable Service to review the invoice and payment documentation
• Business Valuation to figure out asset valuation, compliances regarding mergers and acquisition transaction, forecast the possibilities

Why Outsource Your Bookkeeping with In-foresight Consulting?

It’s a difficult and complex process to manage a book of accounts when it comes to international business. At this point, outsourcing bookkeeping services turn out to be a relief. Whether you are initiating your startup or have an established business and want to structure or re-structure the accounts and finance domain, you can count on us. At In-foresight Consulting, we understand your business and deliver tailor-made solutions according to your business needs. Our business experts take care of your financial front, builds specific plans to enhance your business growth. To initiate your first step, do contact us – we’d be happy to assist you.

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