Hiconsulting Professionals provides the following Accounting and Financial
services:
Book keeping Services
Bookkeeping services (book keepers) help businesses manage cash flow
including all of the company's purchases, sales, receipts, and payments etc.
Bookkeepers make sure that these transactions are posted to the correct ledger
in accordance with accepted financial accounting services and practices. It is
essential that bookkeepers maintain accurate records because this information
is used to prepare the company's tax returns. Bookkeeping software can help
maintain accuracy as well as eliminate much of the paperwork associated with
manual bookkeeping practices.
Payroll Services
Hiconsulting handle all aspects of payroll processing and employee payroll
and tax filings. Employers submit payroll data to Hiconsulting electronically or
hard copy. Hiconsulting will then process this data and transfer the appropriate
funds from the employer to the employees via cheque or direct deposit. After
the payroll processing is complete, Hiconsulting will provide payroll reports to
the employer.
Tax Services
Hiconsulting prepares federal, state, and local tax returns for businesses
based on the company's cash flow for the given period. Many businesses choose
to consult Hiconsulting for guidance on making tax-efficient business decisions
including VAT and WHT(With Holding Tax). Additionally, Hiconsulting provides
Audit Services
We at Hiconsulting ensure that our clients' financial information is being
managed in compliance with accounting standards and regulations. Both public
and private companies often choose to work with auditors to certify that no
dishonest behaviour such as embezzlement or misuse of funds is going on inside
the organization. This practice reassures investors and employees that the
company is being managed properly. Audits can be performed by an external
auditing firm or by an internal member of the accounting department. However,
internal accountants cannot audit any documents with which they were
involved in any way. Some companies choose to use external auditing firms to
eliminate the bias that is sometimes associated with internal auditors.
Any discrepancies revealed by an accounting audit must be resolved
immediately. Some or all of the following items may be reviewed for
discrepancies during an accounting audit:
- Ledgers
- Bank statements
- Payroll
- Tax information
- Internal financial reports
- Official published reports
- Accounts payable
Financial Planning Services
Hiconsulting help businesses plan for the future. Business owners often turn
to Hiconsulting to determine the best steps to take in order to reach their
monetary goals. The financial planning process involves setting objectives,
evaluating resources, and making plans to work towards those objectives
Financial Advisory Services
Hiconsulting provides several financial services for individuals and other
businesses. Some common services include:
Bank reconciliation
Loan Advisory Services
Investment Advisory services
Sourcing and Application of Funds
Software Consulting Services
Hiconsulting offers training or consulting with regard to accounting and
financial software.