The aim of accounting is to present a view of transactions; including profit and loss, showing the true financial position of a company for a given period on a given date, this detail can then be used to make informed financial management decisions.
Accounting & Financial Management Services
Good accounting and financial management is essential to all business and especially at start up, estimating costs and sales is one of the most important considerations to make as this can avoid cash flow problems or even the failure of setting up a business.
The ground work for financial management is the day to day accounting or book-keeping or the methodical recording of transactions and includes the keeping and updating of proper accounting records for the following items.
- Revenue/Sales
- Purchases
- Expenses
- Assets
- Liabilities
- Receipts/Deposits
- Payments
- Cash and Bank accounts.
These recorded transactions are later used for the preparation of financial statements and for their analysis and interpretation.
Sea International Accountants Ltd prepares the profit and loss account to determine the result of business operations for a particular period of time. If purchases exceed revenue then it is said the business is running at a loss. The profit and loss account will help management to make decisions to increase profit and reduce loss.
Sea International Accountants Ltd is also able to show the position regarding liabilities that are due and assets that are owned by the business on a given date. This enables management to ascertain the financial health of the business at a given time.
Sea International Accountants Ltd is able to advise and help with all areas of accounting & financial management, the following is a sample of what we can do:
- Adoption of suitable software
- Training & supervision of staff
- Book-keeping of transactions
- Presentation of accounts
- Payroll
- Invoicing
- Submission of relevant returns such as VAT, VIES.
