Reliable Bookkeeping to Keep your Records Organized
It’s rudimentary knowledge that bookkeeping is the backbone of your financial operations. As your bookkeeping partner, we’ll take care of tasks like invoices, receipts, payroll, and bank reconciliations so you always know where you stand financially.
Our team of certified bookkeepers has years of experience working for a variety of industries. We customize our services to suit your specific needs, whether you need a weekly, biweekly, or monthly bookkeeping package. And we do all the tedious data entry so you don’t have to!
Dedicated Team
Consultations
Clients
Our Specific Accounting & Bookkeeping Services
Accounting Software Support
We understand that each company has a preferred accounting software to use for their accounting needs. Hence, our team equipped with hands-on knowledge and years of experience provides assistance to the company requiring our support on the different tools and modules of various accounting software which includes but not limited to QuickBooks, Xero, Oracle Net Suite and others.
Inventory Management
Ensuring and maintaining the right balance of inventory can be quite challenging. Our service involves tracking inventory levels, conducting regular surprise stock count via sampling basis, reconciliation of discrepancies between actual stock count and as per records, recommend journal entries to correct the inventory balances and advise internal controls which will minimize and reduce stock differences.
Preparation of Financial Statement and Audit Support (IFRS and US GAAP)
Financial statements offer a snapshot and gives insight to the company’s stakeholders regarding the entity’s financial health and is essential especially for free zone entities required to submit to their regulatory authorities and also for corporate tax purposes. Recognizing that the financial statements provide comprehensive overview as to the profitability, liquidity, growth and stability of the company, we prepare the financial statements which includes balance sheet, profit and loss, cash flow, changes in equity and notes to the financial statement.
Accounting Secondment Services
We can support your company by temporarily placing accounting professionals to address your specific financial needs, working in the company full time and lending their expertise in various accounting respect. This service allows flexibility for the company who does not require long- term hires and/or requires manpower on a project basis only. With our assistance, the seconded professional has a holistic approach as we train our team not only in accounting but also in taxation.
Financial Reporting and Management Information Reporting (MIS)
Depending on the financial and reporting needs of the company, we record, analyze, prepare and present accounting reports on a monthly, quarterly or annual basis. These reports are provided to the company’s management for their review and approval, which assists them in decision-making, strategic planning and company’s operational efficiency. In addition, we cater the needs of company in terms of customized management reports which will provide better insights and relevant information.
Fractional CFO Services
For companies requiring the technical knowledge of a Chief Financial Officer (CFO) but on a part-time or contract basis, we provide the support of a fractional CFO. A fractional CFO offers high-level financial guidance in growth strategies, financial reporting, budgeting, operational improvements and overall CFO-related activities.
Other Accounting Services
If your business needs further requirements in terms of audit support services, regulatory report drafting, preparation of VAT data source file and company secretarial services, our highly competent team will handle your needs by preparation of the additional reports, coordinating with tax team, regulatory authorities and auditors, and ensuring these are processed accurately based on the documents provided.
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How Outsourcing Accounting Can Help Your Business
Free Up Valuable Time and Resources
Handling accounting in-house takes time away from other priorities. Outsourcing lets you optimize staff for more important tasks.
Gain Expertise Without Full-Time Hires
Outsourcing provides on-demand access to specialized skills without large payroll costs. Updates are managed off-site so you have less to worry about.
Systems Tailored for Efficiency
Cloud-based solutions are configured specifically for easy bookkeeping and timely insights. Automation streamlines repetitive work.
Flexibility to Scale at Your Pace
As your business grows, scaling support is simple with adjustable service levels. No need to rush full-time hires.
Actionable Insights for Planning
Detailed financials and benchmarking give you a powerful edge in strategic decision-making and future planning.
Risk Reduction and Compliance
Ensure accuracy and meet deadlines with professionals who understand complex regulations inside out.
By gaining these advantages, you can operate leaner and put more energy into growing your revenues. Outsourcing is a smart route for both established and newer companies.
Comprehensive Accounting Outsourcing Services
- QuickBooks and Xero setup, customization and ongoing support
- Train employees on software usage and reporting capabilities
- Handle software upgrades and updates to ensure seamless operations
- Invoice clients and track overdue payments
- Process vendor bills and ensure on-time payments
- Generate automated payment reminders and notices
Review
- Review VAT registration and filing status
- Ensure accurate calculation and timely payment of VAT due
- Handle VAT refund applications and queries
- Create custom annual budgets based on business plan
- Track monthly performance against budgets
- Develop Cashflow forecasts for funding needs
Management
- Maintain accurate inventory levels in accounting software
- Generate purchase orders and track deliveries
- Handle inventory check counts monthly/quarterly
Our services provide full finance department support so you can focus on core operations, while benefiting from professional accounting expertise. Outsourcing minimizes costs and ensures compliance.
CONTACT US TODAY FOR A PROPOSAL!
Why Choose BAM Advisors?
Expert Business Insights
With years of experience working with businesses across various industries, the advisors at Bazaar Accounting have developed deep strategic insights into company operations and financial ecosystems.
Premium Service Quality
With over 100 combined years of experience among our 25+ certified professionals, clients receive sophisticated expertise and premium responsiveness.
Custom Solutions Tailored For You
Every business has unique goals and circumstances. That’s why we take the time to understand your objectives and develop customized solutions. Our initial consultation is free to learn about your specific accounting, compliance, or strategic needs.
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Need Help Managing Your Finances?
FAQ's
Commonly Asked Questions
We utilize industry-leading firewalls, data encryption, and access controls. Our servers are located in a secure facility with restricted access. All employees sign strict confidentiality agreements. We conduct regular audits to ensure the highest security standards are maintained.
Our tax specialists file all required VAT and withholding tax returns based on your transactions. This includes accurate calculation and payment of taxes due. We can also represent you in tax queries or assessments with the FTA.
Our systems integrate with all major accounting software like QuickBooks. We leverage cloud-based solutions for secure remote access and automated workflows. Tools like receipts capture and image processing simplify data entry for efficiency.
Robust processes and quality control measures guarantee reports are delivered on schedule. Our certification credentials and internal audits verify compliance with accounting standards. You have real-time access to your books for transparency.
It reduces fixed costs while providing scalable expertise. You gain greater compliance without staffing issues. Our systems provide uniformity and centralized information access.
Fees are competitive and tailored to your needs. It's usually based on factors like transaction volume per month, number of entities or reports required, any additional special requests and payment terms. We provide upfront fee estimates and are flexible.
Standard monthly reports are provided along with quarterly and annual financial statements. You can also request custom or interim reports based on your business needs. We're available for discussions or clarification as needed.
